Latest news with #DatelineResourcesLimited
USA Today
01-07-2025
- Business
- USA Today
Dateline Resources Reveals Significant Colosseum Gold-REE Survey Insights
Geophysics Survey Reveals Striking Similarities to World-Class Mountain Pass Rare Earth Deposit; Geochemical Anomalies Bolster Exploration Potential Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF) ('Dateline' or 'the Company') is thrilled to announce the successful completion of a comprehensive magnetotelluric (MT) geophysical survey at its 100%-owned Colosseum Gold-REE Project, located in East San Bernardino County, California. The survey, finalized on June 29, 2025, with 167 stations surveyed across a 200-meter line spacing and 150-meter station spacing grid, has yielded preliminary data that closely aligns with the geophysical signature of the world-class Mountain Pass rare earth element (REE) deposit, situated just 10 km to the south. Concurrently, the ongoing geochemical sampling program is 75% complete, with initial assay results confirming anomalous REE concentrations, further enhancing the project's exploration prospects. Key Findings Successful MT Survey Completion: The MT survey concluded on schedule, with data collected using advanced 100m inline and 100m crossline electric field dipoles, paired with horizontal (x,y) magnetic field sensors at every other site and vertical (z) sensors at 25% of sites. Overnight recordings of 14-16 hours per station, supported by a remote reference site 30-40 km away, ensured high-quality data. Rigorous QA/QC checks, including preliminary 1D and 2D inversion models, have validated the dataset's integrity for upcoming 3D modelling. High-Resistivity Anomaly on Line 2200N: Preliminary 2D resistivity sections reveal an anomalous resistivity zone on survey line 2200N, extending from depth to the surface. This anomaly is precisely coincident with mapped REE-bearing fenite dykes and trachyte dykes, suggesting a resistive intrusive body or alteration zone potentially linked to carbonatite systems. Mountain Pass Analogue: The geophysical profile at Colosseum mirrors the Mountain Pass deposit's characteristic trio of anomalies: a relative gravity high, a relative magnetic low, and moderate resistivity (70-120 Ω·m). Reprocessed 2023 and 2024 gravity survey data, combined with regional magnetic data, show a gravity high and magnetic low in the fenite-bearing zone, reinforcing the Mountain Pass-like signature indicative of carbonatite-hosted REE mineralization. Geochemical Sampling Progress: As of June 30, 2025, 916 of approximately 1,200 soil and rock samples have been collected on a 60-meter spaced grid across the claim block, representing 75% completion. Initial assays from the first batch, processed by ALS Global Laboratories in Reno, Nevada, using aqua regia super trace ICP-MS analysis, have detected anomalous REE values, including cerium, lanthanum, and yttrium, above background levels. The program is on track for completion by mid-July, with full results expected later that month. Detailed Survey Insights The preliminary 2D resistivity section for line 2200N highlights a near-surface high-resistivity anomaly directly overlying fenite and trachyte dykes, which are exposed in the Colosseum pit walls and mapped north and east of the breccia pipes. This spatial correlation suggests a deep-seated resistive body, potentially a carbonatite intrusion, associated with REE mineralization. Across other survey lines, distinct resistivity contrasts indicate clay-rich alteration zones (low resistivity), possibly linked to gold-bearing breccia pipes, and higher-resistivity zones that may reflect unaltered intrusive or silicified areas. These findings align with Dateline's goal of imaging deep structures and alteration zones, with all preliminary sections under review by the technical team. Mountain Pass Geophysical Benchmark The Mountain Pass deposit, operated by MP Materials, provides a proven geophysical template for Colosseum. According to USGS studies (Peacock et al., 2021), Mountain Pass's carbonatite orebody exhibits a dense, non-magnetic core surrounded by moderately resistive host rocks. At Colosseum, the fenite-bearing zone on line 2200N corresponds with a gravity high from the 2024 survey, a magnetic low from regional datasets, and the observed intermediate resistivity. This trifecta of anomalies, consistent with carbonatite REE systems, positions Colosseum as a high-potential exploration target. The Company is integrating these findings with historical data to refine the exploration model. Geochemical Sampling Update The geochemical program, initiated in mid-June 2025, involves systematic sampling across the entire claim block, with crews collecting 0.5 kg of material per sample using GPS-guided 60-meter spacing. Samples are dried, crushed, split, and pulverized at ALS Global, with assays targeting gold, silver, REEs, and pathfinder elements. The initial results, showing REE anomalies, are a critical early indicator of mineralization. Once all 1,200 samples are assayed, Dateline will generate geochemical anomaly maps to identify multi-element clusters, integrating these with geophysical data to prioritize drill targets. Next Steps Dateline is transitioning to the data integration and target definition phase, with the following planned activities: 3D MT Inversion Modelling: A full 3D resistivity model will be developed using dual inversion approaches. A Colorado-based multi-physics team will employ a proprietary 3D inversion code, while a Perth, Australia, team will use the ModEM MT inversion software. This dual approach, expected to be completed in a few weeks, will cross-validate results and enhance subsurface imaging. Geochemical Completion: The remaining 284 samples will be collected and assayed by mid-July, with comprehensive interpretation to follow. Anomaly maps for cerium, lanthanum, yttrium, and other REEs will guide target delineation. Integrated Targeting and Drill Program: The 3D MT model, complete geochemical dataset, and reprocessed gravity/magnetic data will be layered to identify coincident anomalies. High-priority targets exhibiting the Mountain Pass-like signature (gravity high, magnetic low, intermediate resistivity) will be slated for drilling. The planned campaign will test both REE potential in the carbonatite target and remaining gold resources in the breccia pipes, with updates to follow upon target finalization. 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. Competent Person Statement Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears. Contact Information Stephen Baghdadi Managing Director Dateline Resources Limited +61 2 9375 2353 info@ Andrew Rowell White Noise Communications +61 400 466 226 andrew@ Follow Dateline on X: @Dateline_DTR Dateline Resources Limited Level 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
Miami Herald
24-06-2025
- Business
- Miami Herald
Dateline Resources Announces $1 Million Investment from Managing Director Stephen Baghdadi
SAN BERNARDINO, CA / ACCESS Newswire / June 24, 2025 / Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF), a leading Australian mining and exploration company, today announced that its Managing Director, Stephen Baghdadi, has invested over $1.06 million in the company by exercising 53,000,208 share options. This significant capital injection underscores Baghdadi's confidence in Dateline's strategic direction and its flagship Colosseum Gold and Rare Earth Elements (REE) Project in California. Baghdadi's investment increases his shareholding to 396,890,307 shares, representing 12.85% of the company, further aligning his interests with those of shareholders. The $1.06 million cash injection bolsters Dateline's financial position, bringing total cash and option exercise commitments to nearly $9 million. "Exercising these options was an easy decision because I have great confidence in Dateline's long-term future. Our project is a high-quality asset with tremendous upside. Increasing my stake in the Company is a long-term investment for me and it underscores my commitment to our long-term vision and growth, and it enhances the company finances by bringing the total cash at bank and option exercise commitments to almost $9,000,000," said Baghdadi. The funds will support ongoing exploration and development at the Colosseum Project, located in California's Walker Lane Trend. A past-producing gold mine, Colosseum has a JORC-2012 compliant Mineral Resource estimate of 27.1 million tonnes at 1.26 g/t gold for 1.1 million ounces, as announced on June 6, 2024. Recent exploration has revealed promising REE mineralization, positioning Colosseum as a unique dual-commodity opportunity. On May 23, 2025, Dateline reported updated economics for the project, projecting an NPV6.5 of $550 million and an IRR of 61% at a gold price of $2,900 per ounce. The project's proximity to the Mountain Pass Rare Earth mine, less than 10 kilometers away, enhances its potential in the growing critical minerals market. Dateline's Board of Directors welcomed Baghdadi's investment as a strong endorsement of the company's strategy. "Stephen's commitment reinforces our confidence in the Colosseum Project's ability to deliver long-term value for shareholders," the Board stated. The capital will advance drill testing to assess the project's REE potential and further unlock its gold resources. 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. Competent Person Statement Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears. Contact Information Stephen 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. and Development SOURCE: Dateline Resources Limited
Yahoo
24-06-2025
- Business
- Yahoo
Dateline Resources Announces $1 Million Investment from Managing Director Stephen Baghdadi
SAN BERNARDINO, CA / / June 24, 2025 / Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF), a leading Australian mining and exploration company, today announced that its Managing Director, Stephen Baghdadi, has invested over $1.06 million in the company by exercising 53,000,208 share options. This significant capital injection underscores Baghdadi's confidence in Dateline's strategic direction and its flagship Colosseum Gold and Rare Earth Elements (REE) Project in California. Baghdadi's investment increases his shareholding to 396,890,307 shares, representing 12.85% of the company, further aligning his interests with those of shareholders. The $1.06 million cash injection bolsters Dateline's financial position, bringing total cash and option exercise commitments to nearly $9 million. "Exercising these options was an easy decision because I have great confidence in Dateline's long-term future. Our project is a high-quality asset with tremendous upside. Increasing my stake in the Company is a long-term investment for me and it underscores my commitment to our long-term vision and growth, and it enhances the company finances by bringing the total cash at bank and option exercise commitments to almost $9,000,000," said Baghdadi. The funds will support ongoing exploration and development at the Colosseum Project, located in California's Walker Lane Trend. A past-producing gold mine, Colosseum has a JORC-2012 compliant Mineral Resource estimate of 27.1 million tonnes at 1.26 g/t gold for 1.1 million ounces, as announced on June 6, 2024. Recent exploration has revealed promising REE mineralization, positioning Colosseum as a unique dual-commodity opportunity. On May 23, 2025, Dateline reported updated economics for the project, projecting an NPV6.5 of $550 million and an IRR of 61% at a gold price of $2,900 per ounce. The project's proximity to the Mountain Pass Rare Earth mine, less than 10 kilometers away, enhances its potential in the growing critical minerals market. Dateline's Board of Directors welcomed Baghdadi's investment as a strong endorsement of the company's strategy. "Stephen's commitment reinforces our confidence in the Colosseum Project's ability to deliver long-term value for shareholders," the Board stated. The capital will advance drill testing to assess the project's REE potential and further unlock its gold resources. 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. Competent Person Statement Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears. Contact Information Stephen 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. and Development 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
Miami Herald
23-06-2025
- Business
- Miami Herald
Dateline Resources Reports Strong Progress in Colosseum Gold-REE Exploration Program in California
SAN BERNARDINO, CA / ACCESS Newswire / June 23, 2025 / Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF), an Australian-based exploration company, is pleased to provide an update on its ongoing exploration program at the 100%-owned Colosseum Gold and Rare Earth Elements (REE) Project, located in the prolific Walker Lane Trend of San Bernardino County, California. This comprehensive program highlights Dateline's commitment to advancing the exploration of this dual-commodity asset through detailed geophysical and geochemical surveys. The magneto telluric (MT) geophysical survey is progressing steadily, with data collected from 119 of the planned 167 stations, representing approximately 70% completion. Designed to capture deep subsurface resistivity data along multiple lines spanning the project claims, the MT survey aims to image geological structures and alteration zones that could indicate buried breccia pipes or REE-bearing mineralized features. Preliminary 1D and 2D resistivity inversions from the first three completed survey lines have been generated and are under review by Dateline's technical team, showing resistivity contrasts that may correlate with key lithological contacts or structural features at depth. A full 3D inversion of the MT dataset will be conducted once all field data is collected, with results expected within 2-4 weeks of survey completion, enhancing the company's ability to pinpoint high-priority drill targets. In parallel, the geochemical sampling program is advancing, with 599 of the planned 1,207 samples, roughly 50%, collected as of today. Targeting high-priority areas such as newly identified felsite dykes west of historic pits and untested gravity-low anomalies to the east, these samples are being sent to the laboratory in batches for multi-element analysis, including a full suite of rare earth elements, to identify geochemical anomalies and pathfinder elements. Initial assay results from the first batch are expected in early July 2025, with comprehensive interpretation to follow once all samples are analyzed. Given current progress, terrain, and temperature conditions, the sampling campaign is anticipated to conclude in approximately 17-20 days. These exploration efforts are central to Dateline's "stacked evidence" methodology, which integrates MT, geochemical, gravity, and potentially ground magnetic data to refine drill targets. The results will guide upcoming drilling campaigns, including a maiden REE-focused program, positioning Colosseum as a strategically significant project for both gold and critical minerals. Located less than 10 kilometers north of the world-class Mountain Pass REE mine, the Colosseum Project is well-positioned to capitalize on the growing global demand for rare earth elements, supported by strong U.S. government initiatives to bolster domestic production. This positions the project to contribute to America's strategic mineral supply chain, enhancing national security by reducing reliance on foreign sources of critical minerals. Managing Director Stephen Baghdadi commented, "We are very encouraged by the field progress and initial data coming from Colosseum. In just a short period, our team has covered roughly half of the geochemical survey grid, and the MT survey is advancing on schedule. Each batch of samples sent to the lab and each line of geophysical data brings us a step closer to uncovering the next phase of Colosseum's potential. We look forward to receiving the assay results in July along with the MT survey's 3D models. Combining these new datasets will allow us to pinpoint the most prospective zones for both gold and rare earths with a high degree of confidence. This systematic approach is laying the groundwork for our upcoming drilling campaigns, including the maiden REE-focused drill program, to unlock value from this unique gold-REE project." 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. Competent Person Statement Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears. 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
USA Today
16-06-2025
- Business
- USA Today
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@ Andrew Rowell White Noise Communications +61 400 466 226 andrew@ 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
