Slide 1: 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 Oct 2011 1
Slide 2: Disclaimer
For personal use only DISCLAIMER 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 3: DTM - Investment Highlights
DTM - INVESTMENT HIGHLIGHTS • Positive outlook for Molybdenum (Mo) - currently@ US$33,000/t LME For personal use only • Discovered a potentially world class Mo + Cu + Ag porphyry deposit • Strong similarities to Climax and Henderson – world class Mo mines • Maiden JORC resource announced – Open at D
Slide 4: Corporate Structure
CORPORATE STRUCTURE ASX Code: DTM For personal use only 15.4 million 10 cents options Shares on issue: ~140m Fully Written Market cap: ~$22m Options: 15.4m listed exercisable at 10c (31 Dec 2011) 5m unlisted exercisable at 15c (31 Dec 2013) Directors: 11m shares (7.9%) Top 20: 38.37% Cash: ~$2.8m (a
Slide 5: Board and Management
For personal use only BOARD AND MANAGEMENT • 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 r
Slide 6: Established Infrastructure
For personal use only ESTABLISHED INFRASTRUCTURE • Established infrastructure Renewable power Available water Support town ALBURY N.S.W Sealed roads Sealed airport Rail transport • Very supportive community VICTORIA CORRYONG • Strong Victorian Government support 3 drilling grants 6
Slide 7: Low Strip Ratio - Ore Body Outcrops
For personal use only LOW STRIP RATIO - ORE BODY OUTCROPS DRILL RIG Mineralisation outcrops at surface and extends below Valley floor. Known mineralisation open at depth beyond 450 metres from surface. Valley floor 350 metres below surface. 7
Slide 8: No Restrictions - Open Cut Mining
NO RESTRICTIONS - OPEN CUT MINING For personal use only • Unicorn deposit is located within Unrestricted Crown Land Land Act 1958 Section 204 states - Crown land must permit mining Forests Act 1958 and amended 2007 - does not prohibit mining Bendigo and Stawell gold mines developed within Unre
Slide 9: Very Strong Community Support
For personal use only VERY STRONG COMMUNITY SUPPORT 9
Slide 10: Unicorn and Henderson are Similar
For personal use only UNICORN and HENDERSON ARE SIMILAR DRILL RIG Figure 1. Unicorn Mineral Resource (Left) showing the 5,978,100mN cross section showing the M1, M2 and M3 Grade Zones and the Indicated Mineral Resource area from surface to 600m RL (approximately 250m below surface) and the Inferred
Slide 11: Unicorn Mo + Cu + Ag Resource
UNICORN Mo + Cu + Ag RESOURCE For personal use only TONNAGE Mo Cutoff Mo Cu Ag Mo Eq1 JORC (Mt) (ppm) (ppm) (ppm) (g/t) (ppm) CLASSIFICATION INDICATED 29 200 500 900 4.2 900 INFERRED 76 200 350 450 2.7 570 TOTAL 105 200 390 570 3.1 660 GRADE Mo Cu Ag Mo Eq JORC CLASSIFICATION Mo Cutoff Grade (ppm) T
Slide 12: Unicorn North - South Section
For personal use only UNICORN NORTH – SOUTH SECTION 12
Slide 13: Proven Structural Setting
PROVEN STRUCTURAL SETTING For personal use only • Lachlan fold belt is a known host of major ore bodies Cadia / Ridgeway / 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
Slide 14: DTM Tenements
For personal use only DTM TENEMENTS GRANTED LICENCES • Dart EL 4726 • Cudgewa EL 5058 • Buckland EL 4724 • Boebuck EL 5132 • Bunroy EL 5131 • Mt Alfred EL 5194 TOTAL: 2,400 Km2 14
Slide 15: Case Study - Endako Mine
CASE STUDY - ENDAKO MINE • Thompson Creek Metals (TCM:TSX) own 75% of Endako Mine in For personal use only British Columbia • $500 million mine expansion underway / Multi pit operation • Proven and Probable – 311Mt at an average grade 0.046% Mo • Measured plus Indicated – 88Mt at an average grade 0.
Slide 16: Unicorn Comparison with Other ASX Moly Explorers
UNICORN COMPARISON WITH OTHER ASX MOLY EXPLORERS For personal use only Share Market Resource Tonne Mo Mo Cu Ag Strip Access / Price Cap Status (M’s) Equiv Grade Grade Grade Ratio Infra ($) (A$) (%) (%) (%) (g/t) Dart ~$0.16 $22M Unicorn 29 0.09 0.05 0.09 4.2 From Very Mining Indicated Surface Good N
Slide 17: 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 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 x Limited Morgan x Limited Boebuck x x x Bunroy x x x Dart Pluto
Slide 19: Summary
SUMMARY • DTM has discovered a new mineralised porphyry province For personal use only Largely underexplored but with strong pipeline of porphyry targets • Unicorn Deposit - Classic mineralised porphyry Total resource 105Mt @ 0.07% Mo Equiv Indicated resource 29Mt @ 0.09% Mo Equiv Grades sup
Slide 20: Thank You
For personal use only THANK YOU Competent Person Statement Information in this report that relates to a statement of Exploration Results and Mineral Resources of the Company is based on information compiled by Dean Turnbull B.App.Sc.(Geol) Hons. M. AIG. Mr Turnbull is a Director and full time employ