Funding Needs Loom as Dart Mining Expands High-Grade Gold Targets

Strong Exploration Momentum at Triumph

Dart Mining NL (ASX, DTM) has delivered a robust quarterly update for the period ending June 30, 2025, highlighting significant progress at its flagship Triumph Gold Project in Queensland. The company completed 1,721 meters of diamond drilling during the quarter, focusing on the Constitution and Big Hans prospects. Notably, the drilling at Big Hans yielded the highest-grade assay recorded to date on the project, with a remarkable 0.3 meters grading 114 grams per tonne (g/t) gold and 276 g/t silver at a depth of 171 meters.

This breakthrough result not only validates Dart’s exploration model but also underscores the potential for high-grade mineralisation extending at depth and along strike. The company’s drilling strategy is now prioritising further deep drilling below the New Constitution prospect to unlock additional resources and better define the project’s scale.

Expanding Resource Footprint at Constitution

Alongside Big Hans, the Constitution prospect continues to impress with multiple new mineralised zones intersected outside the current inferred resource model. Assays from recent drill holes reveal stacked, discrete lodes with significant gold, silver, and zinc mineralisation. These findings suggest a more extensive and complex mineral system than previously understood, providing a strong foundation for an upcoming JORC-compliant resource update.

Strategic Joint Venture at Coonambula

In parallel with its exploration advances, Dart Mining completed a joint venture agreement with Great Divide Mining (ASX, GDM) over the Coonambula Gold-Antimony project in Queensland. Dart earned an immediate 15% interest, with plans underway for an Induced Polarisation geophysical survey aimed at identifying additional high-grade antimony shoots. This partnership broadens Dart’s footprint in the region and complements its focus on intrusion-related gold systems.

Financial Position and Future Funding

Despite active exploration and joint venture commitments, Dart Mining ended the quarter with a modest cash balance of $526,000. The company disclosed related party payments and ongoing exploration expenditures, reflecting its operational intensity. To sustain momentum, Dart plans a capital raise around August 2025, which management believes will secure the necessary funding to advance its projects and meet business objectives.

Meanwhile, Dart has streamlined its portfolio by relinquishing certain tenements in Gippsland and New South Wales, and noted that Infinity Lithium (ASX, INF) opted not to exercise options on some Victorian tenements. These moves suggest a sharpened focus on core assets with the highest potential.

Looking Ahead

With a high-quality exploration target soon to be announced for Triumph and ongoing drilling campaigns planned, Dart Mining is positioning itself to unlock significant value from its Queensland projects. The combination of record assay results, strategic partnerships, and a clear funding pathway sets a promising stage for the company’s next phase of growth.