ASX RELEASE ASX CODE: DTM

March 2009

Porphyry geophysical program identifies large conductors

HIGHLIGHTS
Dart has identified a new metallogenic province in NE Victoria with potential for world class
molybdenum-copper-silver (Mo-Cu-Ag) porphyries, at both its Unicorn and Morgan projects;
A geophysical survey has identified extensive open conductors, indicative of possible mineralisation,
beneath Unicorns Mo-Cu-Ag surface mineralisation and extending to several hundred metres depth;
Deep conductors beneath the Morgan Mo anomaly and silver-gold-bismuth-tin (Ag-Au-Bi-Sn)
gossans, indicate the porphyries may have a gold association that requires investigation;
A review of all work so far highlights Unicorn as a very large Mo-Cu-Ag mineralised system now
ready for a drilling program that can lead onto the resource definition stage;
Dart is reviewing all exploration results on its gold projects and will release the information shortly.

SUMMARY OF GEOPHYSICAL EXPLORATION

A Controlled Source Audio-Frequency Magneto Tellurics (CSAMT) geophysical survey over the Unicorn
project by Darts contractors, Zonge Engineering (Aust) has located large conductors considered to host
Mo-Cu-Ag mineralised structures extending to several hundred metres depth.

The CSAMT survey together with prior geological, geochemical and near surface drilling has yielded
insight into the Unicorn mineralisation model suggesting the possibility of a significant body of
mineralisation. Review of all work so far has highlighted Unicorn as a potentially very large Mo-Cu-Ag
system.

Unicorn CSAMT Survey and Geology

Five CSAMT traverse lines were completed at Unicorn, ranging in length from 750m to 1200m, spaced
100m apart, all lines revealed conductors extending to over several hundred metres in depth.

Darts 2008 diamond and RAB drilling program was completed on a ridge line traverse across a large
molybdenum (Mo) surface geochemical anomaly zone some 600m to 800m wide, partly enveloped with a
wider Copper-Silver (Cu-Ag) zone.

Drilling confirmed extensive mineralisation open to vertical depths of +180m. e.g. 0.058% Mo over 44m in
DUNDD002, 0.045% Mo over 85m in DUNDD001. Copper and silver were significant throughout e.g.
239m @ 0.093% Cu and 239.1m @ 6.01 g/t Ag in DUNDD001, with some higher intersections including
88m @ 0.17% Cu and 29m @ 10.88 g/t Ag in DUNDD002. Significant gadolinium, rhenium and indium
occur in the mineralised porphyry.

The CSAMT survey was designed to explore depth and volumetric extensions to the surface
mineralisation. It identified large conductors both below the drilling and in areas where no drilling had
taken place. The CSAMT conductors at Unicorn are considered to reflect internal structures, the spatial
arrangement of which augments the structural and alteration model proposed for Unicorn comprising a
ring and mantos mineralised Mo-Cu-Ag porphyry system.

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February 2009

Figure 1 Unicorn CSAMT lines superimposed on Mo surface geochemistry, from Line 8000mN.

CSAMT conductors less than some 300 ohm-metres are open to the north, east and south, several very
high conductivity zones occur. This needs to be interpreted in relation to very high electrical resistivitys
normally seen in similar un-mineralised porphyry and rhyolite host rocks. Figure 1 shows CSAMT
traverses and conductors superimposed on the surface Mo geochemical map.

The high grade Mo surface geochemical anomaly occurs within an intensely silicified rhyolite core that
probably relates to a central rhyolitic volcanic vent, a core structure that focused extreme silicious and
sericite alteration associated with Mo-Cu-Ag mineralisation. In the central sector of line 8000nN intense
silicification at surface indicates close proximity to the high grade silica core. Here, visible molybdenum
(GR 588647E, 5977924N, photo 1), that is rare in outcrop due to weathering, occurs within a silica
flooded brown medium grained porphyry positioned below the highly mineralised and topographically
prominent white silica bluffs that form Unicorns central silica-quartz stockwork zone. The topographically
low position may explain the visible molybdenite preservation; having been de-roofed more quickly
compared to the silica bluffs, within which sulphide has not survived weathering.

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February 2009

Photo 1 Molybdenite (blue-grey) in silicified quartz porphyry

Beneath the resistive cap at Unicorn large

conductors on lines 8200mN, 8100mN,
8000mN and 7900mN are open to the south.
This area conforms to geological zones
dominated by silicified and brecciated
rhyolite, medium grained porphyry and minor
sediments. This rock unit extends further
south several hundred metres.

The conductors identified at Unicorn are

suggestive of a significant body of
mineralisation.

Generally each CSAMT line has a central

somewhat more resistive zone surrounded
by vertical conductive zones that are bridged
by flatter sill-like conductors, one near
surface and another at depth. The vertical conductors are thought to represent vertical mineralised
structures typically seen in porphyry Cu cylindrical geometry and the sill-like conductors to represent
blanket like structures termed mantos, evident in many molybdenum-silver porphyries. This is consistent
with many Mo porphyry systems having been underplated by phases of mineralising events, for which
the multiple phases of silicification at Unicorn are supportive. Combined vertical and mantos features are
considered to reflect Unicorns hybrid poly-metallic Mo-Cu-Ag nature, a feature reflective of Unicorns
tectonic position.

Photo 2 Haematitic Quartz stockwork lithocap bounding

the Mt Morgan porphyry, Line 2900mE

Mt Morgan CSAMT Survey and Geology

Two CSAMT lines were completed at the Mt

Morgan porphyry, located 7.5km SE of Unicorn.
Resolution at Mt Morgan was excellent with a
strong deep conductor detected that correlates
with surface Bismuth-Silver-Copper-Gold (Bi-
Ag-Cu-Au) mineralisation and gossans.
Previous systematic chip sampling of these
gossans showing up to 40m @ 0.46 g/t Au,
indicating additional potential exists for gold
associated porphyries.

Line 2900mE 600m long and Line 2800mE,

100m long were placed over a Mo anomaly and
a Bi-Cu-Ag-Au anomaly respectively. Line
2800mE occurs near outcropping gossans and
a soil and rock chip arsenic anomaly that is
quite distinct from the Mo zone. Very high
conductivity occurs on Line 2800mE (Figure 3) and this conductor extends to several hundred metres
depth, proximal to the Mt Morgan porphyry-sedimentary lithocap contact.

The contact is highly silicified with quartz stockworks and haematite alteration (Photo 2). The Mo
geochemical zone on Line 2900mE occurs within an As depletion zone and appears to be pipe-like in
formation in contrast to the surface base and precious metals zone, which forms an EW orientated

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February 2009

rectilinear zone on the porphyry contact. Up to 3.14% tin was recorded in Darts geochemical gridding
within this Bi-base metal zone.

Both Mo and Bi-base metal zones occur in the northern sector of the large overall elliptical ring-like Mo
anomaly which characterises the Mt Morgan project. In the western sector of the ring anomaly, peak Mo
anomalism of 6,700 ppm (0.67%) was recorded, possibly within another pipe. This area has not yet been
surveyed with CSAMT or constrained geologically.

Figure 2 Mt Morgan CSAMT lines 2800mE & 2900mE superimposed on Arsenic surface geochemistry.

COMPETENT PERSONS STATEMENT

Information in this report that relates to a statement of exploration results of the Company is based on information compiled by
Bernhard Hochwimmer B.Sc,, AIG. Mr Hochwimmer is a Director of Dart Mining NL and has sufficient experience relevant to the style of
mineralisation and type of deposits under consideration and to the activity undertaken. He is qualified as a competent person as defined
in the 2004 Edition of the Australasian Code for Reporting of Mineral Resources and Ore Reserves (or JORC Code). Mr Hochwimmer
consents to the inclusion of this information in the form and context in which it appears in this report.

For further information visit our website at www.dartmining.com.au or contact

John Quayle, CEO
Ph: +61 (0) 3 9621 1322

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