Key Highlights

  • Dart Mining signed a binding deed on 9 June 2026 to sell four Victorian projects to Indigo Metals for $7.1 million plus GST.
  • A 4,000-metre program at Coonambula returned intercepts including 9.0 metres at 2.67 grams per tonne gold and 5.8 per cent antimony.
  • Dart began reviewing about 1,000 square kilometres of tin and tungsten tenements in north-east Victoria on 16 June 2026.

Dart Mining (ASX:DTM), which describes itself as an Australian minerals explorer focused on the east coast, has spent 2026 reshaping its portfolio. It has agreed to sell several Victorian projects to Indigo Metals, agreed to acquire exploration ground in the Northern Territory, drilled an antimony-gold zone in Queensland and begun reviewing the tin and tungsten tenements it is keeping in Victoria. The Indigo sale is binding but conditional, so it is an agreed transaction rather than cash in hand.

The Indigo Metals sale

On 9 June 2026 Dart signed a binding deed to sell its Mt Unicorn, Sandy Creek, Tallandoon and Corryong projects to Indigo. Total consideration is $7.1 million plus GST, made up of $3.6 million in cash, less deposits already paid, $3.5 million in Indigo shares at a deemed price of $0.20 each, and a 2.5 per cent net smelter Royalty on antimony from Sandy Creek and Tallandoon.

Completion depends on ASX admitting Indigo to the official list, which is tied to its proposed initial public offering, and on Dart Shareholder approval or ASX confirmation that none is required. A notice of extraordinary general meeting was lodged on 10 July 2026. Dart plans to use the cash for exploration at Triumph and Coonambula.

Coonambula antimony-gold drilling

At Coonambula in Queensland, a joint venture with Great Divide Mining, Dart completed a 4,000-metre program on 10 June 2026. The company reported that the Banshee zone had been tested over more than 500 metres of strike and remains open to the east and west. Intercepts include 5.8 metres at 1.73 grams per tonne gold, 11.57 grams per tonne silver and 4.76 per cent antimony from 53.7 metres, and 9.0 metres at 2.67 grams per tonne gold, 16.8 grams per tonne silver and 5.8 per cent antimony from 32.5 metres. These are drill intercepts, not a resource, and widths are down-hole rather than true widths. The next steps named are metallurgical studies and a resource estimate.

Tin and tungsten review

On 16 June 2026 Dart said it had begun reviewing its Walwa, Cudgewa and Berringama tenements in north-east Victoria, which total about 1,000 square kilometres. The company cited tin at US$56,649 a tonne and record tungsten prices. Historic mining at Walwa began around 1882, and earlier drilling comprises more than 120 holes. Planned work covers data compilation, site inspections, limited rock-chip sampling and 3D modelling to define drill targets. A tungsten project update followed on 4 August 2026.

Northern Territory and other moves

On 29 May 2026 Dart announced the Acquisition of seven exploration licence applications covering 4,717 square kilometres in the Pine Creek Orogen, prospective for gold, copper, uranium, tungsten and tin, for $150,000 in total. The deal is subject to Due Diligence and ministerial approval. A Trading halt and a proposed issue of securities were lodged the same week. A non-binding agreement over an Armenian gold project was allowed to lapse.

Funding

A 26 March 2026 announcement titled 'Loan Agreement and Cash Received', together with the late-May proposed securities issue, indicates the company has been raising funds, although the terms have not been set out here. Any further Equity issues would dilute existing holders.

What to Watch

Items to follow include Indigo's IPO and completion of the sale, the shareholder vote, metallurgical work at Coonambula and approvals for the Pine Creek applications. No confirmed dates have been announced for these.