• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Industrial Metals Market
    Industrial Metals News
    Industrial Metals Stocks
    • Industrial Metals Market
    • Industrial Metals News
    • Industrial Metals Stocks

    Dart Mining Releases Project Definition Study on Unicorn Project

    Charlotte McLeod
    May. 27, 2015 09:57AM PST
    Industrial Metals

    Dart Mining NL (ASX:DTM) released the results of a 15-month project definition study on its Unicorn moly-copper-silver project in Northeast Victoria, Australia.

    Dart Mining NL (ASX:DTM) released the results of a 15-month project definition study on its Unicorn moly-copper-silver project in Northeast Victoria, Australia.

    Highlights include:

    • Integrated 12 month Project Definition Study of Unicorn has achieved:
      • Enhanced project definition and business case
      • Pre-tax IRR ~20%; ~3 year payback; 20+ year mine life
      • Capital expenditure slashed by more than one-third to less than $200m
      • Investment readiness for substantial long-term commodity consumers and investors
      • A processing rate of 10 million tonnes per annum (Mtpa) of preconcentrate material, delivering 2Mtpa of higher grade feed
    • This Unicorn program is underpinned by a clear pathway to complete a Definitive Feasibility Study, with significantly improved project definition and business case
    • Plans for a strategic farm-out package of other Dart NE Victorian tenements – both gold and base metals – to increase exploration, and accelerate the realisation of the region as a new and significant minerals province; and
    • Raising of $2.4m through an accelerated non-renounceable 1-2 rights issue at 2 cents per share.

    Chairman Bruce Paterson commented:

    Conclusion of the revised Project Definition Study (PDS) is a massive milestone for the Company, delivering significant potential benefits to Dart and its shareholders considerably exceeding market expectations.

    The Project team’s efforts, experience and professionalism from March 2014 has not only rescued a Project assigned to abandonment by the previous Board, but brings it within striking distance of development reality. We have stuck to realistic evaluation, injected hard work and applied extensive industry and technical enterprise not only to Unicorn, but also to Dart’s broader NE Victorian tenements in the context of a new and exciting minerals province.

    Click here to read the full Dart Mining NL (ASX:DTM) press release.

    mine lifeasx:dtmaustralia
    The Conversation (0)

    Go Deeper

    AI Powered
    Stacks of shiny silver bars labeled "FINE SILVER" and "999" purity.

    ASX Silver Stocks: 5 Biggest Companies in 2025

    Vanadium on periodic table with "Top 5 Australian Mining Stocks" text.

    Top 5 Australian Mining Stocks This Week: Vanadium Resources Soars on DSO Offtake Deal

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×