Dart Mining NL (ASX: DTM) ('Dart', 'Dart Mining' or 'the Company') is pleased to present its Quarterly Report for the three-month period ending 31 December 2021 and to provide commentary and an update to Shareholders.

Highlights

Re-election of non-executive director Mr Carl Swensson

Re-election of non-executive director Mr Luke Robinson

Diamond drilling underway at the Granite Flat Copper-Gold Porphyry Project in North East Victoria.

More than 300m has been completed with a further 1500m planned.

OPERATIONS REPORT

GRANITE FLAT COPPER-GOLD PORPHYRY PROJECT

As indicated at the company's AGM, inhouse Diamond Drilling continues at the Granite Flat Copper Gold Project. More than 300m has been completed with a further 1500m of drilling planned. This quarter has seen the completion of diamond holes EMDDH004 and EMDDH005. EMDDH004 was targeting narrow, high-grade Au-Ag-Cu mineralisation identified in Dart's 2020 RAB drilling program, whereas EMDDH005 targeted a smaller, shallow geophysical anomaly identified in the recent induced polarisation survey and is coincident with a soil Cu-Au anomaly at surface. Assay results from these drillholes are anticipated in the near future. In addition, a re-sampling program of historic core is also underway. Assay Lab turnaround times have lengthened further from last year's delays.

A significant expansion of the soil sampling program across the Granite Flat project and surrounds is well underway and we are hoping to complete the extended program by the end of March. Field teams having worked throughout the summer period. Further large gold footprints, within historic workings, have been identified via LiDAR survey and further instances of Copper and Gold have been noted in granitic rocks across the Granite Flat Copper Gold project. In 2022, the Company will seek to complete its extensive soil sampling program as well as the partially completed Reverse Circulation ('RC') drilling program.

This includes a further 2500m of RC drilling across the area. The Company will continue drilling approximately 1500m of diamond drilling into the first half of 2022.

FINANCIAL OPERATIONS

The Company's cash position at the end of the December 2021 quarter was approximately $1.66m. Payments to related parties of $69,000 were related to director fees. The Company currently has approximately 124.5 million shares on issue and 32.8 million options on issue. The Company has a market cap of approximately AU$12.1m as at 14 January 2021.

Contact:

James Chirnside

Tel: +61 419 605 842

Email: jchirnside@dartmining.com.au

About Dart Mining

Dart Mining's (ASX: DTM) aim is to evaluate and develop several historic Goldfields as well as substantiating a new porphyry province in NE Victoria. The area is prospective for precious, base, and minor metals. These include Lithium, Gold, Silver, Copper, Molybdenum, Zinc, Tungsten, Tin, Tantalum, and a host of other important minerals. Dart Mining has built a strategic gold footprint in the Central and Northeast Region of Victoria where historical surface mining and alluvial gold indicates the existence of potentially significant gold endowment.

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