Dart Mining Nl · ASX:DTM
Dart Mining Nl — Investor Presentation (June 2011)
22 slides from Dart Mining Nl's investor presentation, Jun 23, 2011
Slide 1: ASX Announcement June Investor Update – Exploration Target Announced
ASX ANNOUNCMENT JUNE INVESTOR UPDATE – EXPLORATION TARGET ANNOUNCED. For personal use only 23 June 2011 ASX Code: DTM In line with the ongoing drilling program at Unicorn and Dart Mining’s (ASX:DTM) intent to confirm its maiden JORC compliant Inferred Resource estimate, Dart Investment Data Mining h
Slide 2: Potential for a world class Mo-Cu-Ag deposit in a new Australian mineral province
For personal use only Potential for a world class Mo-Cu-Ag deposit in a new Australian mineral province Lindsay Ward ASX : DTM Managing Director June 2011 1
Slide 3: Disclaimer
DISCLAIMER For personal use only The information contained in this document is disclosed to you by Dart Mining NL (ACN 119 904 880) (the "Company"). Nothing in this document shall form the basis of any contract or commitment, or constitutes investment, financial product, legal, tax or other advice.
Slide 4: DTM - Investment Highlights
DTM - INVESTMENT HIGHLIGHTS For personal use only • Positive outlook for Molybdenum (Mo) - currently@ US$36,000/t LME • Discovered a potentially world class Mo - Cu - Ag porphyry deposit • Current drilling intended to confirm maiden JORC resource by 4Q 2011 Exploration Target - surface to 350 only (
Slide 5: Corporate Structure
CORPORATE STRUCTURE For personal use only ASX Code: DTM Shares on issue: 119.4m Market cap: $7.28m Options: 15.4m listed exercisable at 10c (31 Dec 2011) 5m unlisted exercisable at 15c (31 Dec 2013) Directors: 15.25m shares (12.8%) Top 20: 41.8% Cash: ~$1.1m High: 0.17.4 Low: 0.048 4
Slide 6: Company Overview
COMPANY OVERVIEW For personal use only • DTM has discovered a previously unknown Porphyry Province “Dart Mineral Province” within Lachlan fold belt in Victoria Similar structures host Cadia / Ridgeway / North Parkes in NSW Proven occurrence of gold and base metals • Principle Project – Unicorn (Mo -
Slide 7: Strategic Location
STRATEGIC LOCATION For personal use only • Established infrastructure to support mining - water, power, roads ALBURY • Strong Victorian N.S.W Government support 3 drilling grants • Established town and supportive community VICTORIA CORRYONG 6
Slide 8: DTM Tenements
DTM TENEMENTS For personal use only GRANTED LICENCES • Dart EL 4726 • Cudgewa EL 5058 • Buckland EL 4724 • Boebuck EL 5132 • Bunroy EL 5131 • Myrtleford EL 5123 • Mt Alfred EL 5194 TOTAL: 2,750 Km2 7
Slide 9: Proven Structural Setting
PROVEN STRUCTURAL SETTING For personal use only • Lachlan fold belt is a known host of major ore bodies Cadia / Rideway / Nth Parkes in NSW Benambra in Victoria • Gilmore suture flexes across into Victoria with a series of splay faults Proven mineralisation Dart’s tenements lie across this strategic
Slide 10: Unicorn Moly Soil Anomaly
UNICORN MOLY SOIL ANOMOLY For personal use only 9
Slide 11: Unicorn Mo-Cu-Ag Project
UNICORN Mo-Cu-Ag PROJECT For personal use only • A large multi pulse porphyry intrusive system with overlapping phases of molybdenum, copper and silver • Very similar to giant Henderson and Climax primary molybdenum mines in Colorado • Third drill program commenced in May 1200 metre diamond drilling
Slide 12: Unicorn Mo-Cu-Ag Project
UNICORN Mo-Cu-Ag PROJECT For personal use only • Initial drilling confirmed extensive mineralisation • Hole 5 - 574m @ 0.05% Mo including 106m @ 0.08% Mo, 0.15% Cu and 4.5 g/t • Hole 4 – 423 m @ 0.05% Mo including 163m @ 0.06% Mo, 0.11% Cu and 7.4g/t Ag • Intercepts comparable to operating mines • O
Slide 13: Unicorn Mo-Cu-Ag Project
UNICORN Mo-Cu-Ag PROJECT For personal use only DRILL RIG Mineralisation outcrops at surface and extends below Valley floor. Exploration Target only quoted down to 350 metres. Valley floor 450 metres below surface. 12
Slide 14: Molybdenum - Industrial Uses
MOLYBDENUM - INDUSTRIAL USES For personal use only • Adds strength, hardness and toughness to steel • Increases corrosion resistance in petrochemical industry pipework • Acts as a catalyst to remove sulphur / impurities from crude oil • Growing importance in automotive and aerospace industries • New
Slide 15: Unicorn Comparison with ASX Moly Explorers Published Resources
UNICORN COMPARISON WITH ASX MOLY EXPLORERS PUBLISHED RESOURCES For personal use only Company Market Resource Tonnes Mo Cu Grade Ag Grade Access / Cap Status (Million) Grade (%) (g/t) Location (A$ m’s) (%) Moly $313M Spinifex 450 0.05 0.08 1.3 Very Mines Ridge Remote Proven Aussie Q $44M Whitewash 24
Slide 16: Case Study - Endako Mine
CASE STUDY - ENDAKO MINE For personal use only • Thompson Creek Metals (TCM:TSX) own 75% of Endako Mine in British Columbia • $500 million mine expansion underway / Multi pit operation • Proven and Probable – 311Mt at an average grade 0.046% Mo • Measured plus Indicated – 88Mt at an average grade 0.
Slide 17: Board and Management
BOARD AND MANAGEMENT For personal use only • Lindsay Ward – CEO and Managing Director Experienced senior executive having worked at CEO and GM level across the Mining, Power Generation, Mineral Processing, Ports and Rail industries. Lindsay is a qualified geologist. • Chris Bain – Chairman Well rega
Slide 18: Dart's Mineralised Porphyry Pipeline
DART’S MINERALISED PORPHRY PIPELINE “UNDER EXPLORED” For personal use only PROJECT Regional Soil Geochem On Ground Geophysics Geophysics Drilling Geochem Mapping Aerial Ground Unicorn Nth Mammoth x Limited Morgan x x Limited Boebuck x x x Bunroy x x x Dart Pluton x x x x String Dinner Creek x x x x
Slide 19: Catalysts / News Flow
CATALYSTS / NEWS FLOW For personal use only June July August Sept Oct Nov W3 W4 W1 W2 W3 W4 W1/2 W3/4 Hole 7 Results x x x Exploration x Target Community x Meeting Hole 8 Results x x Hole 9 Results x x Met Results x JORC Resource x Regional x Geochem Scoping Study TBA 18
Slide 20: Conclusion
CONCLUSION For personal use only • DTM has discovered a new mineralised porphyry province with world class potential “Climax style” is unique in Australia Proven grassroots explorer and target generator • Unicorn Project - Classic mineralised porphyry Drilling underway – progressive results July / A
Slide 21: Prospective Gold Projects
PROSPECTIVE GOLD PROJECTS For personal use only • DTM to focus on Unicorn • Looking to Divest or JV its Gold Projects • Mountain View Prospective gold project, 45km south of Corryong Limited drilling on two lenses - high grade gold lode with intersections up to 6m @ 21.79 g/t and 9m @ 10.2 g/t Au Mi
Slide 22: Thank You
For personal use only THANK YOU Competent Person Statement Information in this report that relates to Exploration Targets and exploration results are based on information compiled by Dean Turnbull B.App.Sc.(Geol). M. AIG. Mr Turnbull is a Director and full time employee of Dart Mining NL and has suf