Can Dart Mining Sustain Momentum Amid Low Cash and Pending Assays?
Dart Mining NL has reported significant exploration progress at its Triumph Gold and Coonambula Antimony-Gold projects, revealing high-grade gold intersections and promising antimony mineralisation. The company also strengthened its financial position with a recent capital raise.
- High-grade gold assays from deep drilling at Triumph Gold Project
- New lodes discovered extending mineralisation depth and width
- Initial antimony mineralisation intersected at Coonambula JV
- Government-funded IP survey identifies additional targets
- Successful $2.86 million capital raise supports ongoing exploration
Exploration Breakthroughs at Triumph
Dart Mining NL (ASX – DTM) has delivered a strong quarterly update for the period ending 30 September 2025, highlighting encouraging exploration results from its flagship Triumph Gold Project in Queensland. The company completed a series of deep diamond drill holes at the Constitution prospect, revealing multiple high-grade gold and silver intersections well below the existing mineral resource boundary.
Notably, drill hole TRDD013 returned standout assays including 0.4 metres at 34.6 grams per tonne (g/t) gold and 15 g/t silver from 258.6 metres depth, as well as 0.5 metres at 15.9 g/t gold and 68.3 g/t silver from 62.5 metres. These results confirm the presence of significant gold potential at depth, extending the known mineralisation zone by approximately 140 metres deeper and nearly doubling its width to 190 metres. The discovery of new lodes east of the established resource further expands the project's upside.
Promising Start at Coonambula Antimony-Gold JV
Meanwhile, exploration activities commenced at the Coonambula project, held in joint venture with Great Divide Mining. Early drilling intersected visible antimony mineralisation, with the first hole (CBADD001) encountering 0.6 metres of massive sulphide comprising roughly 70% stibnite at 42 metres depth. Surface sampling returned exceptionally high antimony grades up to 65.3%, alongside gold and silver values, indicating a robust mineralised system.
The company also initiated a government-funded Induced Polarisation (IP) geophysical survey designed to detect buried antimony-gold mineralisation along the Banshee structure. Preliminary results highlight chargeability anomalies extending beyond historical drilling, suggesting potential for further discoveries along strike and at depth.
Financial Position and Strategic Outlook
Despite ending the quarter with a modest cash balance of $64,000, Dart Mining successfully completed a $2.86 million capital raise, with the majority of funds received in October 2025. This capital injection positions the company well to continue its aggressive exploration programs at both Triumph and Coonambula. Additionally, Dart is progressing discussions to divest several Victorian projects, potentially streamlining its portfolio to focus on high-potential Queensland assets.
Chairperson James Chirnside expressed optimism about the company’s trajectory, emphasizing the strategic importance of critical minerals like antimony and the exciting depth potential at Triumph. The company awaits pending assay results from ongoing drilling, which will further clarify the scale and grade of mineralisation.
Overall, Dart Mining’s recent exploration advances and strengthened financial footing mark a pivotal phase in its growth, with the potential to unlock substantial value for shareholders as it delineates new mineral resources.
Bottom Line?
Dart Mining’s latest results hint at deeper gold riches and critical mineral potential, setting the stage for a transformative exploration phase.
Questions in the middle?
- What will the pending assay results from TRDD014 and CBADD001 reveal about mineralisation continuity?
- How might the new lodes impact the updated mineral resource estimate at Triumph?
- What are the prospects and timelines for divesting Victorian projects and reallocating capital?
