announcement, page-2

Great work

“After a number of years of exploration it is gratifying to formally declare Indicated and Inferred Resources for Dart Mining’s Unicorn project. The initial Indicated Resource from surface to some 250m depth for the M1 & M2 Grade Zones is 29 million tonnes with a Molybdenum equivalent (MoEq) grade of 0.09% (refer Table 1). We expect these tonnages to increase considerably with further infill drilling planned for early in 2012 - which will allow an Indicated Resource to be estimated to 450m depth,” said Lindsay Ward, Managing Director of Dart Mining.
Chairman Chris Bain added, “An Indicated Mineral Resource of 0.09% MoEq and an Inferred Mineral Resource open at depth is a great outcome for this maiden resource. When you add the low strip ratio; renewable power and water in very close proximity; a supportive local community; available workforce and an already established logistics chain to market, Dart Mining is well placed to take Unicorn forward to a development project.”