Latest news with #AnthonyMariano
West Australian
19-05-2025
- Business
- West Australian
Asset sale and options cash fund Dateline US gold project study
Dateline Resources has locked in the cash it needs to complete a bankable feasibility study (BFS) on the gold deposit at its flagship Californian Colosseum gold and rare earths project in a move that will be pivotal step in the conversion of its 1.1-million-ounce resource into a revenue-generating mine. The ASX-listed explorer says it is sitting on a bank balance of $1.95 million, which will soon be boosted to around $2.3 million when the company pockets part of the proceeds from the sale of its non-core Udu copper asset in Fiji. That deal alone will tip in an additional $350,000 into a pot already earmarked to advance Colosseum. The company says the current cash balance also includes about $1.1 million that has flowed in from existing shareholders exercising their options, with more likely to convert, judging by an uptick in investor enquiries. With 2.3M in the bank and more cash on the way, Dateline says the influx will see it fully fund the BFS at Colosseum without going back to the market. A key part of the study has already kicked off, with drill core shipped to Kappes, Cassiday & Associates in Nevada for metallurgical testing. Meanwhile, mine engineering work is being spearheaded by Australian consultancy AMDAD. The results from both teams will feed into a full-scale assessment of project economics later this year. Colosseum sits in California's highly-prospective Walker Lane Trend, not far from the famed Mountain Pass rare earths mine. Colosseum already hosts a healthy JORC resource of 27.1 million tonnes at 1.26 grams per tonne gold for 1.1 million ounces, with more than two-thirds of that sitting in the measured and indicated categories. In parallel with the study, Dateline is zeroing in on the project's significant rare earths potential, thanks to geological similarities with the nearby Mountain Pass mine - the only rare earths mine of its kind in the U.S. Mountain Pass first roared to life in 1952, churning out rare earths at an eye-watering grade of 7 per cent TREO – a figure that would make modern miners green with envy. By the 1960s, it had cemented its place as the world's dominant supplier, keeping global markets well stocked for decades. That reign held firm until the 1990s, when China burst onto the scene and rapidly reshaped the rare earths landscape. Only three weeks ago, Dateline's share price rocketed nearly 700 per cent higher to 4.7 cents on huge turnover after United States President Donald Trump publicly endorsed the project on his Truth Social platform, hailing it as 'America's second rare earths mine'. The presidential shout out came hot on the heels of a watershed moment last month triggered by the US Interior Department upholding the company's right to mine the company's historic Californian leases. The company says its now in the advanced planning stage of a dedicated REE drilling program at Colosseum, headed up by globally renowned REE experts Dr Anthony Mariano and Tony Mariano. Dateline is also intending to tap into the American capital markets after the company fielded significant enquiries from overseas investors wanting to know how to get in on the action. Management is aiming to secure a listing on the U.S. OTCQB Venture market by the third quarter this year, giving it access to a larger investor base and greater exposure in the world's biggest economy. With multiple catalysts from the gold project on the horizon, strong American government backing for the rare earths and strategic U.S. ambitions, Dateline looks to be tackling something much bigger than gold alone at Colosseum – although there seems to be plenty of that. Is your ASX-listed company doing something interesting? Contact:
West Australian
13-05-2025
- Business
- West Australian
Dateline cashes in Fiji copper to fast-track US gold-REE project
Dateline Resources is dialling up its US focus after offloading a non-core asset in Fiji in a deal worth up to $4.35 million. The decision to sell the company's Udu copper project will free up management time and pump cash into a fast-tracked drill program at its flagship Colosseum rare earths and gold project in California. The strategic divestment hands full ownership of the Udu asset to Viva Metals - a private Australian outfit building a dominant position in Fiji's emerging mining sector. Under the terms of the agreement, Dateline will receive $350,000 in cash within the next 45 days. It will also pick up $1 million worth of shares in Viva Metals, triggered when the buyer lands an ASX listing. Adding to the initial payments, Dateline is in the running for several milestone payments and royalties worth upwards of $3M that keeps it in the game if Udu strikes it big. These payments include $750,000 on proving up a 150,000oz gold-equivalent JORC resource, $750,000 on the start of commercial production and a 1 per cent net smelter royalty, capped at $1.5M. Management says the deal has ticked two major Udu-related boxes by monetising a non-core asset while also ensuring the project stays in the hands of a party committed to Fiji's long-term development. Notably the sale injects immediate capital into Dateline's Colosseum project in the United States. The revitalised gold mine is now also tipped to host rare earths similar to those at the globally significant Mountain Pass operation just 10 kilometres away. Freshly armed with funds, Dateline can now accelerate its bankable feasibility study on the gold resource and press the button on a rare earth exploration blitz to be designed and managed by globally renowned consultants Dr Anthony Mariano and Tony Mariano. Colosseum already hosts a JORC-compliant resource of 27.1 million tonnes at 1.26 grams per tonne (g/t) for 1.1 million ounces of gold with more than two-thirds of it in the measured and indicated categories. The real kicker however, is the prospect of rare earth element (REE) mineralisation that may lurk beneath Colosseum's golden layer and which is and now the focus of serious US government interest. To match its American ambitions, Dateline is also preparing to uplist from the OTC Pink market to the more visible and liquid OTCQB Venture Market in the third quarter of this year. The move is expected to widen its US investor base and aligns with a growing wave of interest in domestic rare earths development. Interest in Dateline's REE potential surged in late-April following a Truth Social post from US President Donald Trump, who hailed Colosseum as 'America's second rare earths mine' and trumpeted its long-awaited permitting green light. With political tailwinds, fresh cash in hand, and drill rigs preparing to bite into critical mineral-rich ground, Dateline looks to be zeroing in on a rare combo of gold and REEs just as the global demand for both metals surges. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
13-05-2025
- Business
- Sydney Morning Herald
Dateline cashes in Fiji copper to fast-track US gold-REE project
Dateline Resources is dialling up its US focus after offloading a non-core asset in Fiji in a deal worth up to $4.35 million. The decision to sell the company's Udu copper project will free up management time and pump cash into a fast-tracked drill program at its flagship Colosseum rare earths and gold project in California. The strategic divestment hands full ownership of the Udu asset to Viva Metals - a private Australian outfit building a dominant position in Fiji's emerging mining sector. Under the terms of the agreement, Dateline will receive $350,000 in cash within the next 45 days. It will also pick up $1 million worth of shares in Viva Metals, triggered when the buyer lands an ASX listing. Adding to the initial payments, Dateline is in the running for several milestone payments and royalties worth upwards of $3M that keeps it in the game if Udu strikes it big. These payments include $750,000 on proving up a 150,000oz gold-equivalent JORC resource, $750,000 on the start of commercial production and a 1 per cent net smelter royalty, capped at $1.5M. Management says the deal has ticked two major Udu-related boxes by monetising a non-core asset while also ensuring the project stays in the hands of a party committed to Fiji's long-term development. Notably, the sale injects immediate capital into Dateline's Colosseum project in the United States. The revitalised gold mine is now also tipped to host rare earths similar to those at the globally significant Mountain Pass operation just 10 kilometres away. Freshly armed with funds, Dateline can now accelerate its bankable feasibility study on the gold resource and press the button on a rare earth exploration blitz to be designed and managed by globally renowned consultants Dr Anthony Mariano and Tony Mariano. Colosseum already hosts a JORC-compliant resource of 27.1 million tonnes at 1.26 grams per tonne (g/t) for 1.1 million ounces of gold with more than two-thirds of it in the measured and indicated categories. The real kicker, however, is the prospect of rare earth element (REE) mineralisation that may lurk beneath Colosseum's golden layer and which is and now the focus of serious US government interest.
The Age
13-05-2025
- Business
- The Age
Dateline cashes in Fiji copper to fast-track US gold-REE project
Dateline Resources is dialling up its US focus after offloading a non-core asset in Fiji in a deal worth up to $4.35 million. The decision to sell the company's Udu copper project will free up management time and pump cash into a fast-tracked drill program at its flagship Colosseum rare earths and gold project in California. The strategic divestment hands full ownership of the Udu asset to Viva Metals - a private Australian outfit building a dominant position in Fiji's emerging mining sector. Under the terms of the agreement, Dateline will receive $350,000 in cash within the next 45 days. It will also pick up $1 million worth of shares in Viva Metals, triggered when the buyer lands an ASX listing. Adding to the initial payments, Dateline is in the running for several milestone payments and royalties worth upwards of $3M that keeps it in the game if Udu strikes it big. These payments include $750,000 on proving up a 150,000oz gold-equivalent JORC resource, $750,000 on the start of commercial production and a 1 per cent net smelter royalty, capped at $1.5M. Management says the deal has ticked two major Udu-related boxes by monetising a non-core asset while also ensuring the project stays in the hands of a party committed to Fiji's long-term development. Notably, the sale injects immediate capital into Dateline's Colosseum project in the United States. The revitalised gold mine is now also tipped to host rare earths similar to those at the globally significant Mountain Pass operation just 10 kilometres away. Freshly armed with funds, Dateline can now accelerate its bankable feasibility study on the gold resource and press the button on a rare earth exploration blitz to be designed and managed by globally renowned consultants Dr Anthony Mariano and Tony Mariano. Colosseum already hosts a JORC-compliant resource of 27.1 million tonnes at 1.26 grams per tonne (g/t) for 1.1 million ounces of gold with more than two-thirds of it in the measured and indicated categories. The real kicker, however, is the prospect of rare earth element (REE) mineralisation that may lurk beneath Colosseum's golden layer and which is and now the focus of serious US government interest.
Sydney Morning Herald
05-05-2025
- Business
- Sydney Morning Herald
Dateline to fire up drill rigs at Trump-backed US rare earth project
Dateline Resources has put the pedal to the metal to fast-track a rare earths drilling blitz at the company's gold and rare earths Colosseum project in California, just days after United States President Donald Trump declared it 'America's second rare earths mine' in a high-profile social media shoutout. The mine, which already hosts a 1.1-million-ounce gold resource, could soon shine even brighter after the US government signalled it is putting its full weight behind the project with federal permits, policy support and potential funding. Bringing more than 50 years of rare earth elements (REE) knowledge to the table - including past work at Mountain Pass - heavyweight REE geologists Dr Anthony Mariano and Tony Mariano Jr have agreed to lead the company's exploration charge. The dynamic duo will be front and centre of plans to design and guide the drill program and run the core logging and REE mineral identification in a quest to unearth a potentially major rare earths deposit in double-quick time. 'The commencement of drilling preparations at Colosseum marks the start of an exciting new chapter for Dateline,' Dateline Resources managing director Stephen Baghdadi The Colosseum project is 10 kilometres north of Mountain Pass, which is America's only operating rare earths mine. According to Dateline, previous exploration had already picked up multiple REE outcrops in the area with geochemical surveys confirming increased elements such as barium and strontium in the samples. The company has also mapped several REE-bearing fenite dykes across 1.6 kilometres of strike with gravity surveys lighting up multiple high-density targets at depth. Fenite, as a product of alkaline-carbonatite alteration, is an important indicator of carbonatite-hosted REE deposits.
