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Highlights
- Dart Mining wraps up due diligence on Coonambula Project.
- Initial drilling to begin at historic Banshee Antimony Mine.
- Plans in motion for JORC-compliant resource estimate.
Dart Mining (ASX:DTM) is making steady progress in its strategic expansion into Queensland’s resource-rich territory, finalising due diligence on a promising antimony-gold project with Great Divide Mining (ASX:GDM). The two companies are moving towards formalising definitive agreements for the Coonambula Antimony-Gold Project, following the successful completion of initial investigations.
The Coonambula Project is located in Queensland’s Burnett region and is positioned near Dart Mining’s existing Triumph Gold Project. This proximity creates a potential operational synergy, allowing for regional efficiencies in exploration and development.
The collaboration between Dart Mining and Great Divide Mining was first formalised earlier this year through a binding term sheet. The agreement enables Dart Mining to earn an initial 51% interest in the Coonambula Project, marking a significant step in its broader mineral exploration strategy. Now that due diligence has been completed to satisfaction, Dart Mining is preparing to begin drilling activities.
The next phase of the partnership focuses on drilling at the historical Banshee Antimony Mine, a site known for high-grade antimony-gold intersections. The upcoming drilling campaign is designed to infill and extend these known mineralised zones. The objective is to support the estimation of a JORC-compliant resource, which would provide a clearer picture of the project's commercial potential.
Dart Mining brings to the table an extensive portfolio of exploration tenements across northeast Victoria. With a focus on base metals, precious metals, and critical minerals, the addition of Coonambula further strengthens its exposure to high-demand resources like antimony — a critical mineral with growing global importance, particularly in battery technology and flame-retardant materials.
Meanwhile, Great Divide Mining continues to hold and manage its Queensland-based exploration assets. This partnership offers the company an opportunity to accelerate project advancement while leveraging Dart Mining’s technical capabilities and exploration track record.
As Dart Mining moves forward with initial drilling and resource modelling, the collaboration with Great Divide Mining marks a strategic step in building a diversified and future-facing portfolio. The advancement of the Coonambula Project represents not only regional growth for Dart Mining but also a broader commitment to unlocking value from underexplored mineral assets in Australia.
