Latest news with #DatelineResources
Yahoo
6 days ago
- Business
- Yahoo
Dateline Resources Appoints Mining Veteran Simon Slesarewich as Chief Operating Officer to Lead Development of U.S. Gold and Rare Earths Project
Dateline COO to accelerate development of Colosseum Gold and REE project SYDNEY, AUSTRALIA AND SAN BERNARDINO COUNTY, CA / / July 14, 2025 / Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF), a North American-focused mining and exploration company, today announced the appointment of Mr. Simon Slesarewich as Chief Operating Officer (COO), effective August 4, 2025. Mr. Slesarewich brings more than 25 years of international experience in project development, operations, and executive leadership across a range of commodities including gold, base metals, industrial minerals, and bulk commodities. In his new role, he will lead the development of Dateline's 100%-owned Colosseum Gold and Rare Earth Elements (REE) Project, located in California. "We are thrilled to have Simon join Dateline as our Chief Operating Officer at this pivotal stage for the Company," said Stephen Baghdadi, Managing Director of Dateline Resources. "Simon's decision to come on board, and his significant personal shareholding in Dateline, is a strong vote of confidence in the Colosseum Project and our vision. He brings a wealth of operational experience and a proven track record in taking projects from study through to production. We are confident that his leadership will be instrumental in successfully delivering the Colosseum Gold & REE Project into production and driving significant growth for Dateline." Mr. Slesarewich joins Dateline from Thiess, the world's largest mining services provider with over 12,000 employees globally, where he served in senior executive roles including Operations Director and Project Director. At Thiess, he managed mining contracts generating significant annual revenues and played a key role in the deployment of cutting-edge mining technologies. His career highlights include: Large-Scale Operations Management: In his role as Operations Director, he managed two full-service mining contracts with significant annual revenues and more than 1,200 personnel under management. Commercial Strategy & Integration: Mr Slesarewich also led the sale of Boardwalk Resources to Whitehaven Coal as part of a $5.2 billion transaction. Other roles have included Head of Integration, where he developed and executed a strategy that achieved cost synergies beyond the acquisition model and unified key business systems across finance, assets, IT, and people. This demonstrates his strong commercial acumen and ability to align large organizations to strategic objectives. Mine Development - Middlemount Coal: Earlier in his career, as General Manager, Operations of the Middlemount Coal Mine (Queensland), Mr Slesarewich transformed an undeveloped concept into a fully operational mining operation. He successfully led the greenfield development of Middlemount, a 4.2 Mtpa coking coal mine, overseeing approximately A$500 million in capital construction and a A$400 million annual operating budget, with a workforce of over 800 staff. Under his leadership, Middlemount was developed on time and on budget, and was noted for its significantly lower capital intensity compared to peer projects. Mr. Slesarewich has personally invested approximately $1 million to purchase Dateline Resources shares, demonstrating a powerful commitment to shareholder interests and strong confidence in the Company's growth trajectory. "I am extremely excited to be joining Dateline Resources," said Mr. Slesarewich. "As an investor in the Company, I firmly believe in the potential of the Colosseum Gold and Rare Earths Project and its strategic importance. I look forward to working closely with Stephen and the team to advance Colosseum through the feasibility study and into construction and production. Together, we will be focused on executing the project effectively and creating significant value for all Dateline shareholders as we move toward production." About Dateline Resources Limited Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF) is an Australian company focused on mining and exploration in North America. The Company owns 100% of the Colosseum Gold-REE Project in California. The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California. On 6 June 2024, the Company announced to the ASX that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 27.1Mt @ 1.26g/t Au for 1.1Moz. Of the total Mineral Resource, 455koz @ 1.47/t Au (41%) are classified as Measured, 281koz @1.21g/t Au (26%) as Indicated and 364koz @ 1.10g/t Au (33%) as Inferred. On 23 May 2025, Dateline announced that updated economics for the Colosseum Gold Project generated an NPV6.5 of US$550 million and an IRR of 61% using a gold price of US$2,900/oz. The Colosseum is located less than 10km north of the Mountain Rare Earth mine. Planning has commenced on drill testing the REE potential at Colosseum. Forward-Looking Statements This announcement may contain "forward-looking statements" concerning Dateline Resources that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Dateline Resources' ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behavior of other market participants. Dateline Resources cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements. Dateline Resources assumes no obligation and does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required. Contact InformationStephen BaghdadiManaging DirectorDateline Resources Limited+61 2 9375 2353info@ Andrew RowellWhite Noise Communications+61 400 466 226andrew@ Follow Dateline on X: @Dateline_DTR Dateline Resources LimitedLevel 29, 2 Chifley Square, Sydney, NSW 2000, Australia 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 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
Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
Dateline survey lights up hot spot at US rare earths project
Dateline Resources may be on the cusp of a potentially game-changing breakthrough at its Colosseum gold and rare earths project in California after the latest results from a 3D magnetotelluric (MT) geophysical survey lit up several high-priority rare earths targets. Excitement intensified following the discovery of one particularly significant anomaly picked up along a northern survey line, which hinted at a carbonatite intrusion. The geological feature is often linked with large, rare earths deposits. Adding to the buzz, the target lines up with a gravity high and magnetic low, which are also typical features of carbonatite-hosted deposits. The standout anomaly lies directly beneath numerous outcrops of fenite dykes and extends from surface to at least 1000 metres in depth. Fenite is a highly altered rock type commonly found around carbonatite intrusions and is a good indicator of the fluids that release valuable rare-earths-rich minerals. 'We are very encouraged by the positive magnetotelluric survey results.' Dateline Resources chief executive officer and managing director Stephen Baghdadi Given the presence of fenite outcrops near the anomaly, Dateline believes this strongly points to a carbonatite-related rare earths deposit - echoing the geology of the world-class Mountain Pass mine, just 10 kilometres south of Colosseum. The 3D MT survey covered 167 stations across 14 east-west lines on a 200m by 150m grid, providing a clear picture of the subsurface structure. The data was processed by Viridien Geophysics, which used its Geotools software and RLM-3D inversion engine to create a detailed 3D resistivity model. To double-check these results and to strengthen the interpretation, a parallel 3D inversion using an alternative modelling software program is also underway. Dateline expects to soon receive these findings. Dateline Resources chief executive officer and managing director Stephen Baghdadi said: 'We are very encouraged by the positive magnetotelluric survey results, which validate our previous work and reinforce confidence in our exploration model. The identification of a deep, high-resistivity feature directly beneath fenite outcrops is particularly noteworthy, as it is consistent with a carbonatite-related system.'
The Age
6 days ago
- Business
- The Age
Dateline survey lights up hot spot at US rare earths project
Dateline Resources may be on the cusp of a potentially game-changing breakthrough at its Colosseum gold and rare earths project in California after the latest results from a 3D magnetotelluric (MT) geophysical survey lit up several high-priority rare earths targets. Excitement intensified following the discovery of one particularly significant anomaly picked up along a northern survey line, which hinted at a carbonatite intrusion. The geological feature is often linked with large, rare earths deposits. Adding to the buzz, the target lines up with a gravity high and magnetic low, which are also typical features of carbonatite-hosted deposits. The standout anomaly lies directly beneath numerous outcrops of fenite dykes and extends from surface to at least 1000 metres in depth. Fenite is a highly altered rock type commonly found around carbonatite intrusions and is a good indicator of the fluids that release valuable rare-earths-rich minerals. 'We are very encouraged by the positive magnetotelluric survey results.' Dateline Resources chief executive officer and managing director Stephen Baghdadi Given the presence of fenite outcrops near the anomaly, Dateline believes this strongly points to a carbonatite-related rare earths deposit - echoing the geology of the world-class Mountain Pass mine, just 10 kilometres south of Colosseum. The 3D MT survey covered 167 stations across 14 east-west lines on a 200m by 150m grid, providing a clear picture of the subsurface structure. The data was processed by Viridien Geophysics, which used its Geotools software and RLM-3D inversion engine to create a detailed 3D resistivity model. To double-check these results and to strengthen the interpretation, a parallel 3D inversion using an alternative modelling software program is also underway. Dateline expects to soon receive these findings. Dateline Resources chief executive officer and managing director Stephen Baghdadi said: 'We are very encouraged by the positive magnetotelluric survey results, which validate our previous work and reinforce confidence in our exploration model. The identification of a deep, high-resistivity feature directly beneath fenite outcrops is particularly noteworthy, as it is consistent with a carbonatite-related system.'
West Australian
6 days ago
- Business
- West Australian
Dateline survey lights up hot spot at US rare earths project
Dateline Resources may be on the cusp of a potentially game-changing breakthrough at its Colosseum gold and rare earths project in California after the latest results from a 3D magnetotelluric (MT) geophysical survey lit up several high-priority rare earths targets. Excitement intensified following the discovery of one particularly significant anomaly picked up along a northern survey line, which hinted at a carbonatite intrusion. The geological feature is often linked with large, rare earths deposits. Adding to the buzz, the target lines up with a gravity high and magnetic low, which are also typical features of carbonatite-hosted deposits. The standout anomaly lies directly beneath numerous outcrops of fenite dykes and extends from surface to at least 1000 metres in depth. Fenite is a highly altered rock type commonly found around carbonatite intrusions and is a good indicator of the fluids that release valuable rare-earths-rich minerals. Given the presence of fenite outcrops near the anomaly, Dateline believes this strongly points to a carbonatite-related rare earths deposit - echoing the geology of the world-class Mountain Pass mine, just 10 kilometres south of Colosseum. The 3D MT survey covered 167 stations across 14 east-west lines on a 200m by 150m grid, providing a clear picture of the subsurface structure. The data was processed by Viridien Geophysics, which used its Geotools software and RLM-3D inversion engine to create a detailed 3D resistivity model. To double-check these results and to strengthen the interpretation, a parallel 3D inversion using an alternative modelling software program is also underway. Dateline expects to soon receive these findings. What makes the latest discovery especially promising is that the target area has never been drilled before and therefore delivers Dateline a fresh exploration opportunity. While previous drilling at Colosseum mainly focused on gold, the newly discovered anomaly has added another string to Dateline's bow. It now provides the company with a gold-plated opportunity to also focus on rare earths, an increasingly sought-after resource critical to the green energy and tech sectors. Armed with the 3D MT data, the company is preparing the truth-telling rig for a deep drilling campaign. Only time will tell whether the resistivity zones live up to the expectations, but the early signs are positive. Dateline also expects to soon receive a full set of geochemical assay results, which the company will integrate into its modelling to optimise its exploration strategy. While Colosseum's rare earths potential may be grabbing the headlines at the moment, the company is also pushing forward with groundwork to pinpoint new gold targets in the area, which could complement its existing 1.1-million-ounce gold deposit at site. Several conductive zones have been picked up at depth, which hint at possible extensions to known gold-bearing breccia pipes in the area or could even host new gold structures. The latest geophysical survey marks a significant step forward in Dateline's mission to unlock Colosseum's full potential and places the company at the forefront of California's rare earths exploration boom. As the world's demand for critical minerals continues to surge, Colosseum is fast becoming a vital piece of the US plans for meeting its own domestic needs and rebuilding its own production chain. Is your ASX-listed company doing something interesting? Contact:
West Australian
01-07-2025
- Business
- West Australian
Dateline survey mirrors nearby giant US Mountain Pass rare earths mine
Dateline Resources has sparked fresh excitement after unveiling geophysical results from its Colosseum gold and rare earths project in California that closely resemble the signatures of the world-class Mountain Pass rare earths deposit, sitting just 10 kilometres south. The company's now-completed magnetotelluric (MT) geophysical survey revealed a textbook trio of anomalies – a gravity high, magnetic low and moderately resistive zone – directly beneath rare earth element-bearing fenite dykes at surface. This is the same geophysical fingerprint that defines Mountain Pass, the western hemisphere's largest rare earths deposit. Adding to the intrigue, the targets sit precisely along a high-resistivity corridor that runs right through outcropping fenite and trachyte dykes, which are classic markers for carbonatite-related rare earths systems. Mountain Pass is also hosted by a carbonatite and Dateline's data appears to be ringing the same bell. Management says the resemblance to Mountain Pass is striking. The survey has picked up all the right signals in the exact spot where rare earths-bearing rocks have already been mapped. Although the preliminary 2D resistivity models have already proven invaluable in cross-checking the validity of the data, a full 3D inversion model is now underway to give the company a crystal-clear view beneath the surface. Two groups of independent geophysics experts - one in Colorado and the other in Perth - have been engaged to generate and cross-verify the 3D models using different inversion techniques to tighten up confidence in the final interpretation. While the initial MT survey has done its job, Dateline's geochemical sampling program is also shaping up as a valuable piece of the exploration puzzle. About 75 per cent of a planned 1200 soil and rock samples have been collected across the Colosseum claims, with early assay results already confirming rare earths anomalies in surface samples. Cerium, lanthanum and other key rare earths have popped up in numbers that exceed background levels, helping to support the geophysical case that the project area is home to a rare earths-rich system at depth. The company will use all the collected data from the upcoming 3D MT survey, the soil sampling and reprocessed gravity and magnetic surveys to build what it has dubbed its stacked evidence approach. By combining all the results, Dateline believes it can better pinpoint drill targets at the spots where everything lines up. Any location showing the triple play of a gravity high, magnetic low and moderate resistivity, especially when backed by surface rare earths signatures, will be fast-tracked for drilling. Colosseum is already endowed with plentiful riches. The site already hosts a JORC-compliant gold resource of 27.1 million tonnes grading 1.26 grams per tonne (g/t) for 1.1 million ounces of gold. Just last month, Dateline turned up the heat at its project by cranking its gold price assumption from US$2200 to a more realistic US$2900 (A$4450) an ounce as part of its ongoing bankable feasibility study. The move supercharged the project's net present value by a whopping 134 per cent, soaring to US$550 million (A$850 million), while slashing the payback period from three years to a lightning-fast 17 months. The company now has its sights set on pulling in a hefty 635,000 ounces of gold over an 8.3-year mine life, averaging 71,000 ounces annually at a healthy grade of 1.3g/t and at a juicy 92 per cent recovery rate. Operating costs are looking lean and mean at just US$1182 (A$1818) per ounce, with all-in sustaining costs coming in at US$1490 (A$2292), both of which sit well below the company's revised gold price forecast. As new layers of rare earths potential now emerge from the geophysical data, anticipation appears to be growing that Dateline could be on the cusp of a major gold-rare earths dual commodity play. When the 3D survey has been completed and drill targets picked, all eyes are likely to be laser-focused on what treasures may be lurking beneath the dykes. Is your ASX-listed company doing something interesting? Contact:
