Dart Mining NL (ASX:DTM) has completed a review of its Victorian tenement holdings, emphasizing the strong association with antimony and the proposed work programs for systematic exploration. The Company's Chairman, James Chirnside, highlighted the prospectivity of their tenement holdings in Victoria, citing the recent increase in antimony prices due to Chinese export restrictions as a driving factor for the review. The Company is currently assessing systematic exploration of its Victorian tenements for antimony, including follow-up reconnaissance fieldwork, surface sampling, and drilling.
There has been a very strong increase in antimony prices, driven by the recent Chinese export restrictions imposed on this strategic commodity. This has led the us to conduct a thorough review of previous exploration work for Antimony and highlights the prospectivity of our tenement holdings in Victoria. The Company has long regarded Antimony as a valuable commodity, and its commitment to antimony exploration is well documented with the license application over the extension of the Whroo, Redcastle, and Costerfield mineralized trends well advanced. Surface sampling conducted in 2020 and 2023 returned positive antimony results. The Company is pleased to be the preferred applicant over the ELA covering the extensions of known workings and is eager to commence exploration for Antimony once the tenement is granted, which is expected in October 2024 pending Native Title process.
Dart Mining NL (ASX:DTM) has completed a review of its Victorian tenement holdings, highlighting the strong association with antimony and the proposed work programs for systematic exploration. The Company's Chairman, James Chirnside, emphasized the prospectivity of their tenement holdings in Victoria, attributing the review to the recent increase in antimony prices due to Chinese export restrictions. Dart Mining is currently assessing systematic exploration of its Victorian tenements for antimony, including follow-up reconnaissance fieldwork, surface sampling, and drilling. The Company's ambitions include the commencement of exploration for antimony once the tenement is granted, expected in October 2024, pending Native Title process. Dart Mining aims to develop a regional presence in Queensland through advanced stage intrusion related and epithermal gold projects, evaluating historic goldfields in Central and Northeast Victoria, and identifying potential gold, antimony, lithium, silver, copper, molybdenum, zinc, and tin resources. The Company's competent person, Mr. Owen Greenberger, has verified the information, and Dart Mining has provided a forward-looking statement cautioning investors about the risks associated with the projections.