Latest news with #DatelineResources
News.com.au
4 days ago
- Business
- News.com.au
Who made the gains in May? Goldies hog top spot on the podium
The top 3 commodities for July include gold, copper and lithium DTR takes top spot for biggest monthly stock gain Resource Mining Corp nabs honourable mention With gold prices near record highs and in the vicinity of US$3300/oz, gold explorers and miners continue to crowd the leaderboards for the ASX's top resource stock gainers of May. The biggest winner for the month was goldie Dateline Resources (ASX:DTR), up a frankly quite ridiculous 978%. Worth less than $10 million only a month or two ago, the owner of the 1.1Mo Colosseum gold project in California. More on that below. It was followed by Resource Mining Corporation (ASX:RMI) and Locksley Resources (ASX:LKY) up 460% and 321% respectively. The Donald likes Dateline Much of Dateline's growth can be put down to a shoutout from US President Donald Trump on his Truth Social platform that got investors excited. DTR owns the 1.1Moz Colosseum gold project, where Trump highlighted the company's rare earths potential, sitting just a few kms from the Mountain Pass mine. The company also released an updated scoping study last week based around a gold price estimate lifted from US$2200/oz in a study compiled in October last year to US$2900/oz. With annual gold production unchanged at 71,000ozpa, that would lift net revenue before tax by 208%from US$398m to US$827m and ups the project's IRR from 31% to 61%. Before tax discounted cashflow would rise 234% to US$550m. Also this week DTR reported possible hidden extensions of gold breccia pipes at the project, pointing to the potential for hidden gold zones beyond historical workings. There's a nice upside emerging, particularly since all 641 historic drill holes targeted only the breccia pipes with surface exposure and large areas of the property remain effectively untested. Most popular commodities in May: Here are the top 50 ASX resources stocks for the month of May Scroll or swipe to reveal table. Click headings to sort. Code Description Last %Mth MktCap XTC XTC Lithium Limited 0.2 19900% $17,528,272 DTR Dateline Resources 0.097 978% $262,956,021 RMI Resource Mining Corp 0.028 460% $21,299,147 LKY Locksley Resources 0.08 321% $9,680,000 SMM Somerset Minerals 0.024 140% $9,722,874 PUA Peak Minerals Ltd 0.021 133% $56,146,426 OCN Oceana lithium 0.059 119% $7,837,294 RML Resolution Minerals 0.017 113% $7,361,016 PEK Peak Rare Earths Ltd 0.255 108% $89,789,736 HRE Heavy Rare Earths 0.041 105% $8,529,389 FRS Forrestania Resources 0.079 103% $25,772,734 HIO Hawsons Iron Ltd 0.026 100% $25,412,534 LLI Loyal Lithium Ltd 0.13 97% $13,095,298 NWC New World Resources 0.047 96% $168,210,882 TMG Trigg Minerals Ltd 0.081 88% $75,757,331 MM1 Midas Minerals 0.28 87% $38,837,399 VTM Victory Metals Ltd 0.88 85% $101,837,524 SPD Southern Palladium 0.415 84% $35,470,500 BTM Breakthrough Minerals 0.125 84% $5,264,545 VRL Verity Resources 0.029 81% $7,742,283 YAR Yari Minerals Ltd 0.009 80% $4,992,403 MEG Megado Minerals Ltd 0.014 75% $5,875,566 CDT Castle Minerals 0.1 72% $11,020,909 CDR Codrus Minerals Ltd 0.034 70% $6,822,235 TAS Tasman Resources Ltd 0.025 67% $3,314,567 BMR Ballymore Resources 0.165 65% $27,393,241 FML Focus Minerals Ltd 0.385 60% $101,728,319 ANX Anax Metals Ltd 0.008 60% $7,062,461 JAL Jameson Resources 0.04 60% $23,207,866 MGU Magnum Mining & Exp 0.008 60% $7,851,556 WTM Waratah Minerals Ltd 0.32 60% $74,723,925 STK Strickland Metals 0.145 56% $316,730,372 FG1 Flynn Gold 0.031 55% $11,348,178 VRX VRX Silica Ltd 0.062 55% $47,080,107 MTM MTM Critical Metals 0.37 54% $151,363,716 BGD Barton Gold Holdings 0.735 52% $158,720,391 AYM Australia United Min 0.003 50% $5,527,732 CMD Cassius Mining Ltd 0.024 50% $16,937,640 CTN Catalina Resources 0.003 50% $8,491,067 OB1 Orbminco Limited 0.0015 50% $4,795,136 RLL Rapid Lithium Ltd 0.003 50% $3,734,834 SER Strategic Energy 0.009 50% $6,039,300 SNX Sierra Nevada Gold 0.027 50% $4,281,137 BKT Black Rock Mining 0.03 50% $44,083,197 NNL Nordicresourcesltd 0.085 49% $14,457,374 TNC True North Copper 0.325 48% $39,010,095 WCN White Cliff Min Ltd 0.028 47% $60,408,040 NMT Neometals Ltd 0.093 45% $69,248,258 CLE Cyclone Metals 0.056 44% $72,396,276 DES Desoto Resources 0.15 43% $27,002,546 Small Cap Standouts Resource Mining Corporation (ASX:RMI) Exploration at the company's Mpanda copper-gold project has been the catalyst for its gains in May, with the company reporting impressive gold and copper grades from rock samples up to 36.7g/t gold and 11.89g/t copper from Kabungu and 13.58% copper and 3.24g/t gold from Stalike. Ten prospects make up the Mpanda Project and RMI believes results to date provide an indicator of the presence of an extensive mineralised system. There have been 16 rock chip samples from small-scale mines gathered within RMC's tenements with five samples exceeding 11g/t gold and two exceeding 10% copper from the Kabungu prospect. Last month the company also reported strong support for a $2m placement at 2.1c per share to accelerate drilling. Plus, looking forward, RMI is also assessing near-term production opportunities at Stalike and Kabungu by utilising nearby existing third-party processing infrastructure. Locksley Resources (ASX:LKY) Locksley saw some great gains in May, following a $1.47m placement at 4c per share to fund an upcoming exploration campaign, including drilling, at the Mojave antimony and rare earths project in California. While waiting for Bureau of Land Management approvals to be granted, the company's exploration team will conduct follow-up mapping and rock chip sampling across high-priority antimony, REE, polymetallic and copper targets. Drilling is expected to begin in the September quarter, and will focus on the El Campo prospect where six holes will be drilled to test TREO of up to 12.1% and the Desert Antimony Mine, with three holes testing high-grade antimony mineralisation of up to 46%. Notably, Mojave is immediately adjacent to MP Materials' high-grade Mountain Pass mine and processing facility, which is the only active REE processor in the US and produces ~15% of global REE supply. REEs and antimony are designated as critical minerals by the US government with the former – particularly magnet REEs – used to manufacture permanent rare earth magnets that are used in electric vehicle motors and wind turbines. Rock chips at Mojave have returned grades of up to 17% while sampling returned high-grade results of between 3.74% and 9.49% total rare earth oxides within a six-metre wide mineralised zone at the El Campo prospect. Somerset Minerals (ASX:SMM) Up 140% for May was Somerset Metals, who completed its acquisition of the Coppermine copper-silver project in Canada, which is adjacent to White Cliff Minerals (ASX:WCN) Rae project. Drilling at the Coronation prospect also kicked off this month, targeting large coincident geophysical and geochemical anomalies only 7km from WCN's Danvers prospect - which recently reported 58m at 3.08% copper from 52m. So far, widespread copper mineralisation has been identified, with assays expected in the next 2-4 weeks. Somerset is particularly confident of strong results since its extensive land package hosts the strike extensions to White Cliff's primary Vision, Stark, Thor, and Rocket districts, and most of the ground surrounding the Danvers prospect. Peak Minerals (ASX:PUA) PUA saw a gain of 133% for the month, thanks in part to intersecting heavy minerals (HM) across a strike length of 28km at the Minta rutile project in Cameroon. The company said the results of up to 3.1m at 8.4% HM, 6.8m at 2.8%, 3.5m at 5.0% and 6.3m at 2.4% from an additional 29 holes of reconnaissance exploration auger drilling confirm the project's significant scale. Not to mention, the initial intercepts are adjacent to the discovery hole of 4m at 1.57% HM which included 4m at 1.05% rutile. 'This second batch of results from the drilling program at the Minta Rutile Project in Cameroon continues to confirm the extensive scale and consistency of heavy mineral mineralisation across the project area,' Peak Minerals CEO Casper Adson said. 'With the Minta Project spanning over 7000km2 and this initial drilling phase covering approximately 50% of the total project area, these findings underscore the substantial potential of this emerging rutile province. 'These results reinforce the scale of the Minta Project, underscoring its potential as a significant new source of rutile and potentially a globally significant rutile province.' We wonder whether there is a case of mistaken identity here. Peak's big lift came around the same time African rare earths developer Peak Rare Earths (ASX:PEK) was taken out at a massive premium for $150.5m by Shenghe Resources. Oceana Lithium (ASX:OCN) Up 119% for May, OCN holds the Napperby project in NT which covers around ~650km2 within within the Northern Arunta pegmatite province. It also has the Solonópole project in Brazil where an exploration licence extension is pending for the promising Nera prospect. This month the company announced commitments to raise $667,000 towards progressing the projects, and to identify and assess new complimentary project opportunities. 'Securing additional funds ensures Oceana is well placed to progress the company's existing assets in Brazil and Australia, as well as continue to assess new project opportunities,' non-executive chairman Martin Helean said. 'We look forward to providing updates on exploration activities across our portfolio in the near term. 'We thank our existing shareholders for their ongoing support, and are pleased to welcome new shareholders to the company.'
News.com.au
4 days ago
- Business
- News.com.au
ASX May Winners: No walking away in May for Dateline Resources, which rocketed 978pc
Australia's S&P/ASX 200 rallied 4.20% in May along with global markets as US-tariff tensions eased All of 11 sectors gained in May, led by tech up almost 20% followed by energy and communication services Dateline Resources surged 978% in May with its gold and rare earths Colosseum project in California getting a shoutout from US President Donald Trump The Aussie bourse joined global equities to rally for the second consecutive month in May, driven by relief from US tariff-related risk, according to S&P Dow Jones Indices (S&P DJI). Australia's S&P/ASX 200 rose 4.20% in May and is up 4.95% YTD, in what has been a volatile year for equity markets. Smaller stocks outperformed larger caps in May, with the S&P/ASX Small Ordinaries climbing 5.76%. Fears around escalating US tariffs eased in May bringing relief to global markets. Investor sentiment improved as trade tensions between the US and China showed signs of de-escalation, with diplomatic rhetoric softening. Starting May 14, the US reduced tariffs on Chinese imports from as high as 145% to 30%, while China lowered its tariffs on US goods from 125% to 10%. The agreement aimed to create a window for further negotiations. However, by the end of May Trump was accusing China of breaking the tariff truce and China responded with accusations of American misconduct, reigniting concerns of trade war between the world's two largest economies. May also saw legal challenges to existing US tariffs gain momentum. Several US courts began reviewing cases contesting the legality of specific tariffs imposed, signalling that some could be rolled back or revised. Back at home the Reserve Bank of Australia board announced on May 20 that it had decided to lower the cash rate by 25 basis points to 3.85% as inflation fell to within the central bank's 2-3% target range. Trimmed mean inflation, the RBA's preferred measure of underlying inflation, was 2.9% over the year to the March quarter. However, the RBA said it was continuing to manage expectations for future interest rate cuts, pointing to ongoing uncertainty around tariffs and the domestic labour market. "The Monetary Policy Board judged that the risks to inflation had become more balanced but that the outlook is uncertain and depends heavily on unpredictable developments in global trade policy," the RBA said. Tech tops winning sectors All sectors within the S&P/ASX 200 posted gains in May, led by Information Technology, which was up 20%, followed by Energy, up 9%. Defensive sectors including Utilities, Consumer Staples and Health Care ended May in the green but were the month's underperformers. Factor indices in positive territory, while fix income mixed All reported Australian factor indices remained in positive territory in May with Momentum – the best-performing factor in 2024 – outperforming along with Equal Weight, and Growth. S&P DJI said High Dividend and Value trailed, consistent with the trends observed at the sectoral level. Volatility declined across the board, with Australia's S&P/ASX 200 VIX falling to a 10-handle and the US VIX dropping below 20 – both lower than levels seen prior to US President Donald Trump's Liberation Day tariff announcement on April 2. Fixed income indices were mixed as long-term rates remained volatile globally. The 50 best performing ASX stocks in May CODE COMPANY LAST SHARE PRICE MAY RETURN % MARKET CAP DTR Dateline Resources 0.097 978% $262,956,021 RMI Resource Mining Corp 0.028 460% $21,299,147 RPG Raptis Group Limited 0.038 389% $6,136,985 LKY Locksley Resources 0.08 321% $9,680,000 EDE Eden Innovations 0.003 200% $12,329,643 SMM Somerset Minerals 0.024 140% $9,722,874 PUA Peak Minerals Ltd 0.021 133% $56,146,426 OCN Oceana lithium 0.059 119% $7,837,294 MKL Mighty Kingdom Ltd 0.013 117% $5,347,559 RML Resolution Minerals 0.017 113% $7,361,016 LOC Locate Technologies 0.115 109% $14,083,568 PEK Peak Rare Earths Ltd 0.255 108% $89,789,736 HRE Heavy Rare Earths 0.041 105% $8,529,389 FRS Forrestania Resources 0.079 103% $25,772,734 DVL Dorsavi Ltd 0.014 100% $9,506,093 HIO Hawsons Iron Ltd 0.026 100% $25,412,534 LLI Loyal Lithium Ltd 0.13 97% $13,095,298 4DS 4Ds Memory Limited 0.059 97% $126,146,384 NWC New World Resources 0.047 96% $168,210,882 EDU EDU Holdings Limited 0.27 93% $42,154,954 TMG Trigg Minerals Ltd 0.081 88% $75,757,331 MM1 Midas Minerals 0.28 87% $38,837,399 MPW Metal Powdworks Ltd 0.875 86% $81,567,403 VTM Victory Metals Ltd 0.88 85% $101,837,524 SPD Southern Palladium 0.415 84% $35,470,500 BTM Breakthrough Minerals 0.125 84% $5,264,545 ELS Elsight Ltd 0.77 83% $123,584,023 VRL Verity Resources 0.029 81% $7,742,283 YAR Yari Minerals Ltd 0.009 80% $4,992,403 D3E D3 Energy Limited 0.115 80% $10,331,751 RNT Limited 0.032 78% $24,735,277 MEG Megado Minerals Ltd 0.014 75% $5,875,566 G50 G50Corp Ltd 0.19 73% $28,907,579 CDT Castle Minerals 0.1 72% $11,020,909 CDR Codrus Minerals Ltd 0.034 70% $6,822,235 RLT Renergen Limited 0.96 70% $28,051,528 CCE Carnegie Cln Energy 0.061 69% $20,873,598 ERD Eroad Limited 1.39 67% $253,004,353 TAS Tasman Resources Ltd 0.025 67% $3,314,567 BMR Ballymore Resources 0.165 65% $27,393,241 FML Focus Minerals Ltd 0.385 60% $101,728,319 ANX Anax Metals Ltd 0.008 60% $7,062,461 JAL Jameson Resources 0.04 60% $23,207,866 MGU Magnum Mining & Exp 0.008 60% $7,851,556 WTM Waratah Minerals Ltd 0.32 60% $74,723,925 NYR Nyrada Inc 0.165 57% $32,692,141 ESK Etherstack PLC 0.44 57% $58,155,681 STK Strickland Metals 0.145 56% $316,730,372 PPY Papyrus Australia 0.014 56% $8,590,226 FG1 Flynn Gold 0.031 55% $11,348,178 Dateline Resources (ASX:DTR) rose a staggering 978% in May, reaching a market cap of ~$262 million with much of the investor interest sparked by a shoutout from Trump on his social media platform Truth Social. DTR owns the 1.1Moz Colosseum gold project in California, with Trump highlighting its rare earths potential given its close proximity to the Mountain Pass rare earths mine. The company also announced an updated scoping study with little changed except an assumed gold price moving from US$2200/oz to US$2900/oz, still well below spot. Annual gold production remains at 71,000ozpa, but net revenue before tax is projected to jump 208%, from US$398m to US$827 million. The internal rate of return before tax – a measure of profitability – climbs from 31% to 61%, while pre-tax discounted cashflow rises 234% to US$550m. DTR was up another ~50% on Monday after painting more details on upcoming field work and drilling to find new sources of gold and rare earths at Colosseum. Resource Mining Corporation (ASX:RMI) saw its share price surge 460% in May, driven by a series of exploration updates from its Mpanda copper-gold project in Tanzania. The share climb triggered an ASX price and volume query on May 16. The company also announced it had received firm commitments from professional and sophisticated investors for a placement to raise $2m. Locksley Resources (ASX:LKY) also had a strong May up 321% in what Kristie Batten described as a "transformational month" for the company thanks to its Mojave rare earth and antimony project in California. Geologist Allister Caird joined the company in May as Head of Critical Minerals, while Donald Trump's push to boost local mineral production is seen as a major tailwind for LKY. Its Mojave project is located just 1.4km from MP Materials' Mountain Pass mine — the only producing rare earths mine in the US. LKY closed more than 30% higher on Monday with its share price ~1.8 cents at the start of May and now 10.5 cents. Eden Innovations (ASX:EDE) was up 200% in May after issuing a positive update on sales of its EdenCrete Pz7 concrete additive, a product that makes standard concrete mixes stronger and reduces the need for carbon-intensive Portland Cement. Over the past three months, EDE said sales topped US$567k. In April and May sales were 86% higher than the whole of Q4 FY24. EDE said it had experienced rapid growth in sales of Pz7 for commercial applications in the US, Ecuador, Mexico, and Canada. The 50 worst performing ASX stocks in May CODE COMPANY LAST SHARE PRICE MAY RETURN % MARKET CAP LSR Lodestar Minerals 0.006 -65% $2,069,755 DUB Dubber Corp Ltd 0.016 -62% $41,973,880 OSL Oncosil Medical 0.002 -56% $13,819,747 HCF H&G High Conviction 0.025 -55% $504,568 CRN Coronado Global Resources 0.11 -51% $209,556,716 1TT Thrive Tribe Tech 0.001 -50% $2,031,723 BMO Bastion Minerals 0.0015 -50% $1,807,255 E79 E79 Gold Mines 0.018 -50% $2,693,015 JAY Jayride Group 0.001 -50% $1,427,889 LNR Lanthanein Resources 0.001 -50% $2,443,636 SHP South Harz Potash 0.003 -50% $3,308,186 88E 88 Energy Ltd 0.026 -48% $27,776,410 AON Apollo Minerals Ltd 0.009 -47% $9,284,569 AR3 Austrare 0.058 -41% $12,931,229 CAE Cannindah Resources 0.032 -41% $23,298,558 1AD Adalta Limited 0.003 -40% $1,286,446 AVH Avita Medical 1.86 -40% $136,757,000 FTC Fintech Chain Ltd 0.003 -40% $1,952,309 OLH Oldfields Holdings 0.027 -40% $5,752,597 IMU Imugene Limited 0.015 -40% $119,472,333 NUF Nufarm Limited 2.38 -40% $896,180,426 ARN Aldoro Resources 0.32 -38% $56,058,088 ENL Enlitic Inc 0.03 -38% $24,527,901 IVT Inventis Limited 0.01 -38% $764,244 KLI Killi Resources 0.03 -38% $4,346,936 RNX Renegade Exploration 0.0025 -38% $2,576,727 OFX OFX Group Ltd 0.72 -36% $178,338,490 IR1 Irismetals 0.1 -35% $18,970,532 CCM Cadoux Limited 0.033 -35% $12,982,116 NHE Noble Helium 0.011 -35% $5,395,725 DTZ Dotz Nano Ltd 0.048 -34% $28,323,086 BDM Burgundy D Mines Ltd 0.025 -34% $38,375,971 3DP Pointerra Limited 0.055 -34% $44,279,224 AQX Alice Queen Ltd 0.004 -33% $4,998,560 AVD Avada Group Limited 0.2 -33% $18,261,030 AXP AXP Energy Ltd 0.001 -33% $6,684,681 DMG Dragon Mountain Gold 0.004 -33% $1,578,687 EG1 Evergreen Lithium 0.032 -33% $6,587,349 KPO Kalina Power Limited 0.004 -33% $17,597,818 MOM Moab Minerals Ltd 0.001 -33% $1,733,666 RAN Range International 0.002 -33% $1,878,581 RAS Ragusa Minerals Ltd 0.014 -33% $1,996,383 REZ Resources & Energy Group 0.016 -33% $12,089,504 VML Vital Metals Limited 0.002 -33% $11,790,134 REE Rarex Limited 0.019 -32% $16,562,952 PFT Pure Foods Tas Ltd 0.015 -32% $2,166,810 EWC Energy World Corporation 0.015 -32% $49,262,740 KEY KEY Petroleum 0.041 -32% $1,008,640 SRJ SRJ Technologies 0.013 -32% $9,083,671 TEE Topend Energy 0.052 -32% $14,243,344
West Australian
5 days ago
- Business
- West Australian
US share price rockets as Dateline stacks up rare earths, gold system
Dual-listed Dateline Resources saw its share price go ballistic on the United States market on Friday, on the back of the company's latest modelling showing historically mined breccia pipes at its Colosseum gold project in California are surrounded by a large zoned felsite-breccia pipe complex. The company is also now firmly on the hunt for rare earth elements (REE) at the project. Dateline's share price was already on a huge run in Australia. The past four weeks have been spectacular, as the company's share price repeatedly reached new highs on huge turnovers. The trend continued today. Dateline's share price closed at $0.145 on the ASX, up from $0.097 at Friday's close, on almost 219.2M shares traded. Based on a 15-cent trading price, Dateline's ASX-listed share price has risen 4186 per cent so far in 2025 and 1567 per cent over May. During last Friday's trading in the US, the company hit US$0.20 (A$0.30) per share. Dateline is listed on the 'pink sheets' OTC market in the US under the ticker DTREF but is looking to move to the higher-profile OTCQB Venture market to make its shares more accessible to investors. Dateline's revised modelling, based on old records and geological mapping, shows the Colosseum pipes were formed along with an underlying felsic intrusive event. Recently sampled felsite dykes 200 metres to 900m from Colosseum's open pits have a right-angled cross-fracture network and ring-dyke pattern typical of deep-seated intrusive bodies punched nearly vertically into the surrounding geology. Along with identifying the network pattern, the discovery shows the two historically mined gold pipes correlate with a similar pattern of gravity lows defined by the company's 2023 gravity survey. The interpretation suggests the two Colosseum pipes could be just two of many breccia pipes in the complex. Unlike the rest of the breccia iceberg, the first two pipes rose to shallow depths and were exposed by subsequent erosion. The model opens up a realm of gold exploration centres around the two historic gold workings, unveiling the possibility of finding more gold mineralised pipes in a regular pattern nearby, laterally and at unexplored depths. Dateline has recently identified multiple exploration indicators, such as gravity lows, felsite intrusive dykes and intrusion-related gold system pathfinder geochemistry, which it says provide convincing vectors for a target-defining pathway. In practical terms, this means that when targets have been defined by geophysics, Dateline can run surface mapping and geochemistry to detect any 'gold bleed' from them at surface and/or to find remnant gold in the near-surface regolith. It can also run a shallow scout drilling program in the upper zones of the pipes, interpreted at depth from gravity lows and which are beyond the reach of surface geochemistry. Alternatively, given the high degree of fracturing of the area, ultra-low-level leach geochemistry may offer a possible solution to identifying deeper anomalism. Inspired by the new model and its potential to accelerate the pace of gold discovery and building of additional resources, Dateline is already ramping up its multi-disciplinary geological, structural, geophysical and geochemical exploration approach to review its entire tenement area. The company is hoping the approach will also help define the potential for rare earths within the Colosseum project area. Dateline is about to launch a comprehensive soil sampling program across the greater Colosseum project area. The four-week campaign will comprise systematic pattern sampling over prospective gravity low target zones and along projected structural trends between them. The analytical package is designed to identify geochemical anomalies associated with gold and rare earth elements and their pathfinders to bag the company's next priority targets. Dateline plans to start a magneto-telluric (MT) survey later in June across the project area. The passive technique measures the Earth's subsurface electrical conductivity from measurements of natural geomagnetic and geoelectric field variation at surface. It can outline large-scale structures, alteration zones and potential carbonatite-hosted rare earths bodies and/or fluid pathways that might not be evident from gravity or surface geochemistry alone. As the new data is acquired, Dateline will integrate its already-defined gravity lows with geochemical data and any new MT signatures to refine its understanding of the subsurface geology and how the local structures determine mineralisation. The company is also finalising plans for an inaugural drilling program to confirm gold and/or rare earth mineralisation in the new target zones and begin defining the scale and grade of any new discoveries. The imminent drilling will test for possible gold extensions of the known breccia pipes and any indicated breccia bodies identified by the upcoming work. Dateline also hopes the drilling will sniff out depth extensions of possible fenite/trachyte dykes that might host or be associated with rare earths. The company will also test coincident gravity-MT anomalies that might represent carbonatite intrusions, which stand a good chance of hosting rare earths. Colosseum is historically a gold-producing mine, and the project's rare earth-bearing outcrops were never explored by previous operators. Dateline's plan to evaluate Colosseum's rare earth potential was in part inspired by the project's geologic setting along strike from MP Materials' famed Mountain Pass rare earth deposit. Mountain Pass is the US's only operating rare earth mine and processing site. Encouragingly, the US Geological Survey also identified strong thorium/uranium anomalism on the claims. Dateline recently engaged two of the world's foremost rare earth geologists to investigate the property's potential. The field investigations identified multiple occurrences of fenite and related alkaline igneous dykes across the Colosseum claims. According to the investigation report, the identification of 'multiple outcrops of these lithologies at a distance of almost a mile apart' points to the possibility of a large, connected carbonatite system at depth. This finding, coupled with laboratory analyses confirming the presence of anomalous rare earths, including neodymium, in the geology at Colosseum prompted Dateline to expand its rare earths exploration program. In June last year, the company delivered a JORC-compliant measured and indicated resource of 27.1 million tonnes gold at an average grade of 1.26 grams per tonne for 1.1 million ounces gold. More than 67 per cent of the combined measured and indicated reserve and resource categories exist beneath the two open pits, placing the project in a very advanced stage of exploration. That resource looks like it might be just the beginning and when the new soil geochemical results start to trickle in during June and July, and drilling results come home a short time later, the company will know for sure if its model is working. Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
5 days ago
- Business
- Sydney Morning Herald
US share price rockets as Dateline stacks up rare earths-gold system
Dual-listed Dateline Resources saw its share price go ballistic on the United States market on Friday, on the back of the company's latest modelling showing historically mined breccia pipes at its Colosseum gold project in California are surrounded by a large zoned felsite-breccia pipe complex. The company is also now firmly on the hunt for rare earth elements (REE) at the project. Dateline's share price was already on a huge run in Australia. The past four weeks have been spectacular, as the company's share price repeatedly reached new highs on huge turnovers. The trend continued today. Dateline's share price closed at $0.145 on the ASX, up from $0.097 at Friday's close, on almost 219.2M shares traded. Based on a 15-cent trading price, Dateline's ASX-listed share price has risen 4186 per cent so far in 2025 and 1567 per cent over May. During last Friday's trading in the US, the company hit US$0.20 (A$0.30) per share. Dateline is listed on the 'pink sheets' OTC market in the US under the ticker DTREF but is looking to move to the higher-profile OTCQB Venture market to make its shares more accessible to investors. Dateline's revised modelling, based on old records and geological mapping, shows the Colosseum pipes were formed along with an underlying felsic intrusive event. Recently sampled felsite dykes 200 metres to 900m from Colosseum's open pits have a right-angled cross-fracture network and ring-dyke pattern typical of deep-seated intrusive bodies punched nearly vertically into the surrounding geology. Along with identifying the network pattern, the discovery shows the two historically mined gold pipes correlate with a similar pattern of gravity lows defined by the company's 2023 gravity survey. The interpretation suggests the two Colosseum pipes could be just two of many breccia pipes in the complex. Unlike the rest of the breccia iceberg, the first two pipes rose to shallow depths and were exposed by subsequent erosion.
The Age
5 days ago
- Business
- The Age
US share price rockets as Dateline stacks up rare earths-gold system
Dual-listed Dateline Resources saw its share price go ballistic on the United States market on Friday, on the back of the company's latest modelling showing historically mined breccia pipes at its Colosseum gold project in California are surrounded by a large zoned felsite-breccia pipe complex. The company is also now firmly on the hunt for rare earth elements (REE) at the project. Dateline's share price was already on a huge run in Australia. The past four weeks have been spectacular, as the company's share price repeatedly reached new highs on huge turnovers. The trend continued today. Dateline's share price closed at $0.145 on the ASX, up from $0.097 at Friday's close, on almost 219.2M shares traded. Based on a 15-cent trading price, Dateline's ASX-listed share price has risen 4186 per cent so far in 2025 and 1567 per cent over May. During last Friday's trading in the US, the company hit US$0.20 (A$0.30) per share. Dateline is listed on the 'pink sheets' OTC market in the US under the ticker DTREF but is looking to move to the higher-profile OTCQB Venture market to make its shares more accessible to investors. Dateline's revised modelling, based on old records and geological mapping, shows the Colosseum pipes were formed along with an underlying felsic intrusive event. Recently sampled felsite dykes 200 metres to 900m from Colosseum's open pits have a right-angled cross-fracture network and ring-dyke pattern typical of deep-seated intrusive bodies punched nearly vertically into the surrounding geology. Along with identifying the network pattern, the discovery shows the two historically mined gold pipes correlate with a similar pattern of gravity lows defined by the company's 2023 gravity survey. The interpretation suggests the two Colosseum pipes could be just two of many breccia pipes in the complex. Unlike the rest of the breccia iceberg, the first two pipes rose to shallow depths and were exposed by subsequent erosion.
