(MENAFN- ProactiveInvestors - Australia) Dart Mining (ASX: DTM) managing director Lindsay Ward has been granted an additional 2 million incentive rights, although is shareholding in the company will remain the same due to the recent sale of 2 million shares.
Under Ward's strong leadership, Dart could potentially deliver a Resource upgrade in September 2012, followed by a Scoping Study in October 2012 after identifying that the Unicorn porphyry is more extensively mineralised than previously recognised.
The company has received the full assays from the final 12 holes of the current 20 hole program.
Drilling within the existing JORC Resource has resulted in intersections such as 64 metres at 0.1% molybdenum equivalent, including 24 metres at 0.13% molybdenum equivalent; 200 metres at 0.06% molybdenum equivalent, including 62 metres at 0.07% molybdenum equivalent; 166 metres at 0.06% molybdenum equivalent; and 112 metres at 0.08% molybdenum equivalent.
The current resource is 105 million tonnes at 0.07% molybdenum equivalent.
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