Dart Mining Nl · ASX:DTM
Dart Mining Nl — Investor Presentation (June 2013)
35 slides from Dart Mining Nl's investor presentation, Jun 6, 2013
Slide 1: Potential for a world class Mo + Cu + Ag porphyry mine
For personal use only Potential for a world class Mo + Cu + Ag porphyry mine in a new Australian porphyry province Lindsay Ward ASX : DTM Managing Director June 2013 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 Cashed Up + Moving Forward
DTM CASHED UP + MOVING FORWARD For personal use only Cash $6.3M with burn rate ~$240,000 / month PLUS $0.85M R&D Refund PLUS $4.7M 2nd Red Kite Tranche1 Victoria re-affirming it’s commitment to resource development Single contact point, project facilitation, statutory timeframes Strategy 1 - Progres
Slide 4: DTM Investment Highlights
For personal use only DTM INVESTMENT HIGHLIGHTS • Unicorn deposit – potentially a long life Mo + Cu + Ag porphyry mine • Red Kite (US metal merchant) invests upto A$10M – detailed due diligence • Prefeasibility underway – fully funded, as is regional exploration • High grade from surface – very low
Slide 5: About RK Mine Finance – Red Kite
ABOUT RK MINE FINANCE – RED KITE • RK Mine Finance specializes in providing development, acquisition and bridge For personal use only financing to miners of precious & non-ferrous metal (www.RKMineFinance.com) • Red Kite Group – ~$3.5B under management1 (~$1.7B mine finance exclusively) • Large glob
Slide 6: DTM Corporate Structure
DTM CORPORATE STRUCTURE ASX Code: DTM Unlisted Options: For personal use only Shares on issue: ~207m • 8.35m $0.15 options (expiry Dec 2013) Market cap: ~$17m • 100K $0.18 options (expiry Mar 2017) Directors: 11.6m shares (~5.6%) • 100K $0.22 cent (expiry Mar 2017) Top 20: 40% • 3m $0.15 options (ex
Slide 7: Hands On and Cohesive Board
HANDS ON AND COHESIVE BOARD Lindsay Ward – Managing Director For personal use only Experienced senior executive having worked at CEO & GM level across the mining, power generation, mineral processing, ports, rail and logistic industries Chris Bain – Chairman Well regarded corporate advisor, who has
Slide 8: Resourcing for Growth
RESOURCING FOR GROWTH DART MINING BOARD For personal use only MANAGING DIRECTOR Lindsay Ward Admin / SHE Co-Ordinator Natalie Purden EXPLORATION UNICORN PROJECT DEVELOPMENT FINANCE MANAGER SPECIALIST SAFETY MANAGER DIRECTOR GEOLOGIST Andrew Draffin and HR Support Dean Turnbull John Eltham Kris Buter
Slide 9: Project Location Advantage
PROJECT LOCATION ADVANTAGE For personal use only ALBURY N.S.W VICTORIA CORRYONG 9
Slide 10: NE Victoria - Very Prospective Ground
For personal use only NE VICTORIA - VERY PROSPECTIVE GROUND • Gilmore splays are known hosts 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 • DTM has ~2,000km2 of tenements across this strat
Slide 11: High Grade Zones Continue Below 700m Depth
HIGH GRADE ZONES CONTINUE BELOW 700m DEPTH For personal use only Unicorn Mineral Resource (Left) showing a composite cross section through the entire deposit with the M1, M2, M3 and M4 Grade Zones and the Mineral Resource area from 11 surface to 400m RL (approximately 450m below surface). The concep
Slide 12: High Grade Zones Continue Below 700m Depth
HIGH GRADE ZONES CONTINUE BELOW 700m DEPTH For personal use only Additional Rhyolitic Pulse showing UST - Pulse centre to the east of drilling. Coarse visible Mo within radial veins showing strong Potassic alteration halos. 12
Slide 13: High Grade from Surface
HIGH GRADE FROM SURFACE • 203Mt JORC Measured + For personal use only Indicated + Inferred Resource at 0.06% MoEq1 • 102Mt Measured Resource at 0.07% MoEq1 including 54Mt Measured Resource at 0.08% MoEq1 from surface • Insitu Metal - Measured and Indicated Resource Mo – 50.4 Kt Cu – 75.9 Kt
Slide 14: About Molybdenum
For personal use only ABOUT MOLYBDENUM Source: 2012 Roskill Molybdenum Market outlook to 2016 1600 260 Comparison of Global Crude Steel 1500 Production and World Mine Production Of Mo (kt) 240 Crude Steel Production (Mt) 1400 Global Molybdenum Mine Production 220 1300 1200 200 1100 180 1000 160 900
Slide 15: Molybdenum Market Forecasts
For personal use only MOLYBDENUM MARKET FORECASTS Average Mo Price Used in Scoping Study Source: 2012 Roskill Molybdenum Market outlook to 2016 excluding Dart Mining plus Company reports. Note: Unicorn not yet in production 15
Slide 16: Scoping Study Partners
SCOPING STUDY PARTNERS Unicorn Block Model For personal use only Estimation Unicorn Molybdenum Project AMC Consulting Pty Ltd, Peer Revision of Auscenco a leading mining consultancy Processing Plant Study Arccon Mining Services Pty Ltd, a Unicorn Scoping Study Mining leading Perth based engineering
Slide 17: Scoping Study Production Parameters
SCOPING STUDY PRODUCTION PARAMETERS • Initially open cut mine – potential to move to underground For personal use only • Residential mine within Corryong Community – not fly in fly out • High grade from surface and outcrops – very low strip ratio • Clear / Mine / Crush / Float / Tailings – simple se
Slide 18: Scoping Study / PEA - October 2012
SCOPING STUDY / PEA - OCTOBER 2012 • Initial mine life 14 years – strong potential to increase to 20 years For personal use only • NPV $255M initial 14 years (100% equity) – +6yr life3 adds $50 - 70M NPV • 2.5 year payback – pretax IRR 27% (discount rate 10% / 100% equity) • Onsite cash cost A$3.58/
Slide 19: Case Study – Endako Mine
CASE STUDY – ENDAKO MINE Unicorn Project (scoping study) Endako Mine BC (in operation) For personal use only • Multi metal – Mo + Cu + Ag • Single metal only – Mo • High recoveries • Low recovery Mo 92% + Cu 96% + Ag 83% Mo 74% • Two saleable concentrates • Single concentrate 51% Mo plus a 23%
Slide 20: Target Onsite Mine + Mill Cost / Ore Tonne
TARGET ONSITE MINE + MILL COST / ORE TONNE 25 For personal use only Henderson Onsite Mine and Mill Costs at Mo Producing Mines Thompson Creek (Mo Only) El Teniente Los Bronces Chuquicamata 20 Andina Secondary Mo Mines Los Pelambres Collahuasi Bingham Canyon Primary Mo Mines Dart Mining's proposed An
Slide 21: Target Cash Cost After Credits
TARGET CASH COST AFTER CREDITS 12 For personal use only Cash Operating Costs with By-Product Credits Endako 10 Thompson Creek Secondary Mo Mines Questa Bagdad Henderson Chuquicamata Primary Mo Mines Highland Valley 8 Continental Los Bronces Los Pelambres Dart Mining's proposed Costs US$/lb Mo Sierri
Slide 22: Primary Mo Project Comparison
For personal use only PRIMARY Mo PROJECT COMPARISON 1 Mt Unicorn MoEq Output, (MoEq (ppm)=Mo (ppm) + (Cu (ppm) / 3.44) + (Ag (ppm) x 34.3)) 22
Slide 23: Primary Mo Project Comparison
For personal use only PRIMARY Mo PROJECT COMPARISON 1 Mt Unicorn MoEq Grade, (MoEq (ppm)=Mo (ppm) + (Cu (ppm) / 3.44) + (Ag (ppm) x 34.3)) 23
Slide 24: Pre-Feasibility Study Partners
PRE-FEASIBILITY STUDY PARTNERS Ecology & Cultural Heritage Environmental and Approvals For personal use only Biosis are expert consultants in the GHD are a longstanding Global field of Environmental, Ecology consultancy firm specialising in (fauna & flora) and Cultural Heritage Environmental Managem
Slide 25: Indicative Pathway to Production
For personal use only INDICATIVE PATHWAY TO PRODUCTION 1Unicorn is not in production and there is no certainty that the pathway to production will occur
Slide 26: Community Alignment Advantage
For personal use only COMMUNITY ALIGNMENT ADVANTAGE
Slide 27: Strip Ratio Advantage
For personal use only STRIP RATIO ADVANTAGE DRILL RIG 27
Slide 28: Infrastructure Advantage
For personal use only INFRASTRUCTURE ADVANTAGE What Project Value Should Investors in Dart Mining Place on Existing Infrastructure? 28
Slide 29: Conceptual Mining Method Advantage
For personal use only CONCEPTUAL MINING METHOD ADVANTAGE ** The view is conceptual only. There has been insufficient exploration drilling, financial modelling & mine planning to accurately define the pit shape and it is uncertain if further drilling will enable this to occur. 29
Slide 30: Conceptual Mining Method
For personal use only CONCEPTUAL MINING METHOD 30
Slide 31: News Flow and Key Events
For personal use only NEWS FLOW and KEY EVENTS 31
Slide 32: Dart Mining (DTM) – Key Takeaways
For personal use only DART MINING (DTM) – KEY TAKEAWAYS • Red Kite invests up to A$10M – detailed due diligence completed • Prefeasibility & DTM fully funded – cash ~A$6.3m (plus ~$5.5M1 to come) • Very low strip ratio – Lowest cost quartile onsite cash cost • High recoveries – separate (Mo & Cu/Ag)
Slide 33: Thank You and Questions
For personal use only THANK YOU AND QUESTIONS MOLYBDENUM A SOFT, GREY, NON TOXIC MINERAL WITH PROPERTIES UNLIKE ANY DRILL RIG OTHER ELEMENT 33
Slide 34: Further Disclaimer
FURTHER DISCLAIMER Economic Potential For personal use only The Unicorn project remains at an early stage of planning and assessment and there are risks associated with the estimates of key parameters (including but not limited to further metallurgical test work to advance mineral processing design
Slide 35: Competent Person Statement
9 For personal use only 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 employee of Da