ASX ANNOUNCEMENT
24 October 2012
ASX Code: DTM Investment Data
Shares on issue 182,937M Unlisted options 8.35M
Shareholders
Top 20 Hold 35%
Key Projects / Metals
• Unicorn Porphyry Mo-Cu-Ag
• Morgan Porphyry Mo-Ag-Au
• Mountain View Lode - Au
Mo - Molybdenum
Cu - Copper
Au - Gold
Ag - Silver
Board & Management
Chairman
Mr Chris Bain
Managing Director
Mr Lindsay Ward
Executive Director
Mr Dean Turnbull
Manager - Exploration
Non-Executive Directors
Mr Stephen Poke
Mr Richard Udovenya
Contact Details
Dart Mining Scoping Study Release -Webinar
Conference Call
As Dart Mining NL (ASX:DTM) advances its Mo-Cu-Ag Unicorn
porphyry project, it is pleased to invite shareholders,
investors, analysts and other interested parties to
participate in a webinar conference call on Wednesday 31
October 2012 at which Managing Director, Lindsay Ward, will
present the scoping study results included as part of Dart
Mining's presentation released to ASX on 23 October 2012 .
There will be a Q
&A opportunity.
The webinar will be held on Wednesday, 31 October, 2012
commencing at: 11:30 am
Melbourne time (AEDT) - 8:30am Perth time (AWDT) - 8:30pm
(Tuesday 30
October 2012) New York time. Scoping Study Highlights
NPV (on a 100% equity basis): $255million - on initial
14-year mine life. Initial mine has strong potential to
increase to 20 years
Production: 10Mtpa gives best financial result due to
economies of scale
Pre-tax IRR: 27% at a discount rate of 10% Payback: less than
2.5 years
Cash cost: $3.58 / lb (net of credits) places Unicorn in
lowest cost quartile
Cash positive at: $8 / lb Mo (net of credits)
Capital cost: $304million with production targeted to
commence mid-2016
Additional 6-year mine life could add approximately $50 to
$70million NPV
Participation
To participate in the conference call, please click the
following link now to register and receive instructions. On
the day of the call please connect 5 minutes before the
scheduled start time.
Registration URL:
https://attendee.gotowebinar.com/register/6973580277138795776
Webinar ID: 101-557-035
The presentation material is available on Dart Mining's
corporate website (http://www.dartmining.com.au)
and an archived version of the webinar will be available on
its website shortly after completion.
Dart Mining NL Level 2
395 Collins Street
Melbourne VIC 3000
Australia
Mr Lindsay Ward
Phone: +61 (0)3 9621 1299
Email: [email protected]
Visit our webpage:
www.dartmining.com.au
About Dart Mining
Dart Mining NL (ASX:DTM) is a Melbourne based exploration and
development company, which has discovered a new mineralized
porphyry province in north east Victoria. The province hosts
molybdenum (Mo), copper (Cu), silver (Ag), zinc (Zn), tin
(Sn) and gold (Au) mineralization in porphyry igneous
intrusions. It lies adjacent to the Gilmore suture with
numerous intersecting splay faults. NSW is a proven host of
world class porphyry mines associated with splay structures
off the Gilmore Suture such as North Parkes, Cadia and
Ridgeway, as is the Stockman Copper, Zinc, Silver and Gold
VMS project, which is at an advanced stage of development and
located in Victoria approximately 35 kilometers south of Dart
Mining's tenements. Currently the Measured, Indicated and
Inferred Resource total's 203 million tonnes at 0.06% MoEq1
at 0.04% MoEq cut off reported according to the JORC Code
with potential for delineating additional mineralized
material.
The Unicorn project is Dart Mining's principal project. It is
a molybdenum (Mo) + copper (Cu) + silver (Ag) Climax style
porphyry that has similar geological characteristics to the
world class Henderson primary Mo porphyry mine in Colorado,
USA. Unicorn has a number of unique characteristics with its
high-grade zones from surface and the deposit outcrops. It is
about 20 kilometers from major National Electricity Market
infrastructure (hydro generation, switchyards and
transmission lines), has abundant water, road access direct
to the deposit, an existing logistics chain links the deposit
to overseas roasters and the project is strongly supported by
the local Corryong community. The scoping study released
earlier in October is a significant step in the advancement
of the project
Dart Mining also has extensive tenement holdings in northeast
Victoria that are largely underexplored with very strong
potential for identifying additional mineralized porphyries.
Specific exploration targets which are known to be
mineralized include Morgan
(Mo/Ag /Cu/Au), Mammoth (Cu/Ag/Au/Zn/Sn/Mo) and the Dart
Pluton string (Au/Cu).
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