Dateline Resources Initiates Comprehensive Exploration Program at Colosseum Gold-REE Project in California
Dateline Resources Limited (ASX:DTR)(OTC:DTREF), a leading Australian mining and exploration company, is pleased to announce the start of a comprehensive exploration program at its wholly owned Colosseum Gold and Rare Earth Elements (REE) Project in San Bernardino County, California. This strategic initiative highlights Dateline's dedication to unlocking the full potential of this high-value asset, located in the mineral-rich Walker Lane Trend.
The exploration program includes a 1,207-sample geochemical survey, now underway, targeting high-priority zones such as newly identified felsite dykes west of historic pits and untested gravity-low anomalies to the east. Samples will undergo multi-element analysis, including a full suite of rare earth elements, to identify gold and REE mineralization potential. Initial results are expected in early July 2025, with a comprehensive analysis to follow.
In parallel, a magneto telluric (MT) survey is mobilizing to map deep subsurface geological structures and alteration zones across the Colosseum claim boundary, with a progress update expected later this week. Dateline is also evaluating a ground-based magnetic survey to enhance its multi-dataset approach, aiding in the detection of buried intrusions and lithological contrasts to refine drill targets.
The Colosseum Project is central to Dateline's North American strategy, with a JORC-2012 compliant Mineral Resource Estimate of 27.1 million tonnes at 1.26 g/t gold for 1.1 million ounces, with over 67% in Measured and Indicated categories. The project's gold mineralization remains open at depth, and recent studies project an NPV of $550 million and an IRR of 61% at a gold price of $2,900 per ounce (ASX announcement, May 23, 2025). Located just 10 kilometers north of the world-class Mountain Pass REE mine, Colosseum also holds significant rare earth potential. With growing global demand for critical minerals and robust U.S. government support for domestic REE production, Dateline aims to contribute to America's strategic mineral supply chain.
Managing Director Stephen Baghdadi commented: 'The last time this mine was in operation, the gold price was under $350 per ounce and there was little incentive to do follow-up exploration work for hidden breccia pipes. During that period, rare earth elements (REEs) were not yet a focus, so the significant REE findings at Colosseum has only recently become important. We are now in a very different environment, with much higher gold prices and strong strategic demand for REEs, which makes our systematic field program at Colosseum essential.'
The geochemical and MT survey results will inform Dateline's upcoming drilling campaigns, including a maiden REE-focused drilling program. The company is adopting a 'stacked evidence' approach, integrating geochemical, gravity, MT, and potentially magnetic data to optimize drill targeting. Further updates will follow as results are received.
About Dateline Resources Limited
Dateline Resources Limited (ASX: DTR, OTC: DTREF) is an Australian publicly listed company focused on high-value mining and exploration in North America. Its flagship Colosseum Gold-REE Project in California's Walker Lane Trend combines a proven gold resource with emerging rare earth potential, positioning Dateline as a leader in critical minerals and precious metals.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of applicable securities laws. These statements relate to future events or performance, including the potential of the Colosseum Project, the benefits of U.S. government support, the company's plans for future development, and the strategic importance of the project for U.S. critical minerals supply. Forward-looking statements are based on current expectations, estimates, and projections and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include fluctuations in gold and rare earth element prices, changes in regulatory or permitting processes, geological or technical challenges, market conditions affecting capital raising, environmental or social factors, and risks related to securing government funding. Dateline Resources cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The company undertakes no obligation to update or revise these statements, except as required by law.
Contact Information
Stephen Baghdadi
Managing Director
Dateline Resources Limited
+61 2 9375 2353
info@datelineresources.com.au
www.datelineresources.com.au
Andrew Rowell
White Noise Communications
+61 400 466 226
andrew@whitenoisecomms.com
Follow Dateline on X: @Dateline_DTR
This press release is authorized for release by the Board of Dateline Resources Limited.
SOURCE: Dateline Resources Limited
View the original press release on ACCESS Newswire
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Ring of Fire road to bring prosperity to First Nation, problems for caribou: report
TORONTO — A proposed road to the mineral-rich Ring of Fire in northern Ontario will bring economic prosperity to Webequie First Nation, though it may endanger caribou in the region, a newly released assessment finds. Webequie First Nation is leading an environmental and impact assessment of the Webequie Supply Road that would connect to mining exploration activities in the Ring of Fire. That road will connect to two other proposed roads that would link the remote First Nation to the provincial highway system hundreds of kilometres south. "This is a critical milestone for our people and our project," Chief Cornelius Wabasse said in a statement. "We are proud of this important work and the respectful approach taken to get it done. We are also grateful for all those who support Webequie's journey to self-determination, economic self-reliance and a better future for our people." The work and subsequent draft report were done under the province's Environmental Assessment Act and the federal Impact Assessment Act. The report is thousands of pages long and has been shared with 22 other First Nations in northern Ontario for a 60-day review period, which will be followed by a final report filed to both levels of government. The assessment examined how the natural and socioeconomic environments, Indigenous land use and traditional knowledge of the area would be affected by building the supply road. The 107-kilometre, two-lane road will take four to six years to complete once construction begins and will need six bridges and 25 culverts to cross various bodies of water, the report said. The proposed road will run northwest-southeast for 51 kilometres from the First Nation's airport to the next segment that will run 56 kilometres east-west to McFaulds Lake and the Eagle's Nest mineral exploration site. The proposed mine is owned by Wyloo, an Australian mining company with its Canadian operations based in Toronto. The road is expected to last 75 years, after which major refurbishments will be needed. The projected construction costs to the province are $663 million, though it's unclear yet who will own the road and who will be allowed to use it. The First Nation said those details will come in future negotiations with Ontario. "Our vision for the Webequie Supply Road is an economic development road that creates real opportunities for our young people and future generations to drive to work and back," Wabasse said. "This project offers possibilities to provide skills training for our youth, create new jobs and business opportunities, and strengthen Webequie's economic future while remaining deeply connected to our land and traditions." The report assumes construction would start in the winter of 2028 and be complete by the summer of 2032, though a start date has yet to be announced. The report comes amid great debate about mining in northern Ontario. Premier Doug Ford's government recently passed Bill 5 into law with the aim to speed up development of mining and other projects. The new legislation has been met with outrage and resistance from First Nations. The government has given itself the power to suspend provincial and municipal laws through the creation of so-called "special economic zones" for projects it chooses. The province intends to designate the Ring of Fire the first such zone, though it has said it will not do so until it consults with First Nations in the region. Details about how that would actually work are sparse. The Webequie Supply Road is expected to have a significantly positive effect on the First Nation's economy during construction and beyond, the assessment found. "Community members have emphasized the issues of unemployment and the lack of growth and learning opportunities," the report said. "With the anticipated road access connectivity from the project, potential economic growth is expected, leading to job opportunities for community members, allowing them to work closer to home." The province has pledged some $70 million to help train Indigenous workers for jobs in development and mining. Wyloo also trains its workers who are conducting mineral exploration at the Eagle's Nest site. Other mining and forestry opportunities are likely to arise once the road is built, the report found. By and large, the threats to animals and plants from road construction are not considered significant, except for a few species at risk that include the boreal caribou. There are about 5,000 caribou left in the province, the vast majority of them in northern Ontario. Webequie First Nation and the proposed road are within that animal's range. The species is considered threatened in Ontario, which means it could become endangered if protective steps are not taken. Construction and operation of the road is "expected to provide predators such as wolves increased access to the caribou, particularly where the road traverses natural movement corridors," the report said. "Overall, caribou injury or death due to changes to predator-prey dynamics from the project is considered a significant adverse effect based on current vulnerability of the population," the report found. The construction of the road will also change the caribou's habitat, it said. Road construction will also affect another threatened species, wolverines, the report found. There are only two known mature female wolverines in the entire study area. One den is within 400 metres of the proposed road site and "will likely lose function as denning habitat due to the indirect effects of clearing activities." About half of the proposed road is in the James Bay Lowlands, which is dominated by peatlands, a weak material to build a road upon. Engineers have decided a "floating road" is the best option, done by "carefully loading materials over peat, allowing time for it to consolidate and increase in strength." While building the road will have an effect on all parts of the environment, much of that will be negligible with proper mitigation efforts, the report found. For example, the report said fish and their habitat will not be significantly affected as crews build the six bridges and 25 culverts because construction barriers will be temporary. The First Nation is also concerned the road will bring more alcohol and illicit drugs to the community, and said it will try to limit access to outsiders during construction as much as possible. "Webequie First Nation remains committed to an Indigenous-led approach that supports responsible development while upholding our environmental stewardship responsibilities," its chief said. This report by The Canadian Press was first published June 16, 2025. Liam Casey, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Besra Gold Inc. Introduces David Potter, Independent Non-Executive Chair of Besra
Melbourne, Victoria--(Newsfile Corp. - June 16, 2025) - Besra Gold Inc. (ASX: BEZ) refers members to the below link, which introduces its newly appointed Independent Chair, Mr. David Potter. Concise resume of Mr. Potter Mr. Potter has extensive experience in the resource sector, spanning over 30 years, during which he has built and led a diverse range of specialist teams providing technical, financial, and strategic support for multiple start-ups, operations, feasibility studies, and due diligence. This wealth of his hands-on operational experience is combined with strong corporate, legal and finance acumen, built from continued education as well as executive experience at Reed Resources, Excelsior Gold and Round Oak Minerals (a 100% owned subsidiary of Washington Soul Pattinson), as well as being a director of several private entities. Mr. Potter currently works as a private resource sector consultant advising on technical, finance and strategic matters. He has a Bachelor of Science (geology), a Master of Science (mineral economics) and a diploma in Financial Investment and Analysis. As a member of the Australasian Institute of Mining and Metallurgy, he is able to act as a JORC competent person for a variety of deposit styles. Michael HigginsonChief Corporate Officer and Company To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
3 ASX Stocks Trading At Estimated Discounts Of Up To 48.3% Below Intrinsic Value
The Australian market has recently experienced a mixed performance, with the ASX200 closing flat at 8,548 points and sectors like Energy leading gains while Staples lagged behind. In this environment of sectoral shifts and corporate developments, identifying stocks that are trading below their intrinsic value can offer potential opportunities for investors seeking to capitalize on price discrepancies. Name Current Price Fair Value (Est) Discount (Est) Tasmea (ASX:TEA) A$3.12 A$6.04 48.3% Superloop (ASX:SLC) A$2.93 A$4.92 40.4% Ridley (ASX:RIC) A$2.86 A$5.64 49.3% Praemium (ASX:PPS) A$0.66 A$1.16 42.9% Polymetals Resources (ASX:POL) A$0.86 A$1.55 44.7% PointsBet Holdings (ASX:PBH) A$1.19 A$2.03 41.5% Nuix (ASX:NXL) A$2.26 A$4.03 43.9% Fenix Resources (ASX:FEX) A$0.285 A$0.47 39.5% DroneShield (ASX:DRO) A$1.77 A$3.42 48.2% Charter Hall Group (ASX:CHC) A$19.11 A$33.88 43.6% Click here to see the full list of 35 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Below we spotlight a couple of our favorites from our exclusive screener. Overview: DroneShield Limited develops, commercializes, and sells hardware and software technology for drone detection and security in Australia and the United States, with a market cap of A$1.55 billion. Operations: The company's revenue is primarily derived from its Aerospace & Defense segment, amounting to A$58.01 million. Estimated Discount To Fair Value: 48.2% DroneShield, trading at A$1.77, is significantly undervalued based on discounted cash flow analysis with a fair value estimate of A$3.42. The company's revenue is forecast to grow 32.6% annually, outpacing the broader Australian market's growth rate of 5.6%. While it is expected to become profitable within three years, its projected Return on Equity remains modest at 11.1%. Recent events include the upcoming Annual General Meeting scheduled for May 28, 2025. Our growth report here indicates DroneShield may be poised for an improving outlook. Unlock comprehensive insights into our analysis of DroneShield stock in this financial health report. Overview: Superloop Limited, with a market cap of A$1.50 billion, operates as a telecommunications and internet service provider in Australia through its subsidiaries. Operations: Superloop Limited generates revenue through three primary segments: Business (A$103.63 million), Consumer (A$316.02 million), and Wholesale (A$60.05 million). Estimated Discount To Fair Value: 40.4% Superloop, trading at A$2.93, is substantially undervalued with a fair value estimate of A$4.92 based on discounted cash flow analysis. Despite a recent A$7.8 million loss, the company has improved its financial position and is generating strong cash flows after completing major capital expenditures. Superloop's revenue growth forecast of 13.5% annually outpaces the Australian market average, and it aims to become profitable within three years while pursuing strategic acquisitions to bolster growth further. The analysis detailed in our Superloop growth report hints at robust future financial performance. Delve into the full analysis health report here for a deeper understanding of Superloop. Overview: Tasmea Limited offers shutdown, maintenance, emergency breakdown, and capital upgrade services in Australia with a market cap of A$735.14 million. Operations: Revenue Segments (in millions of A$): Shutdown services: 450, Maintenance services: 620, Emergency breakdown services: 300, Capital upgrade services: 530. Estimated Discount To Fair Value: 48.3% Tasmea, trading at A$3.12, is significantly undervalued with a fair value estimate of A$6.04 based on discounted cash flow analysis. The company has shown robust earnings growth of 75.3% over the past year and forecasts suggest continued strong performance with revenue expected to grow by 21% annually, outpacing the Australian market average. However, despite recent profitable growth guidance and a special dividend announcement, Tasmea's high debt level raises concerns about financial stability. According our earnings growth report, there's an indication that Tasmea might be ready to expand. Get an in-depth perspective on Tasmea's balance sheet by reading our health report here. Discover the full array of 35 Undervalued ASX Stocks Based On Cash Flows right here. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DRO ASX:SLC and ASX:TEA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
