Latest news with #StephenBaghdadi
Sydney Morning Herald
an hour ago
- Business
- Sydney Morning Herald
Dateline unearths six new breccia pipes at US Colosseum gold play
Dateline Resources has added another serious dose of excitement to its already supercharged Californian play after geophysics lit up six new, potentially gold-rich breccia pipes at its Colosseum gold and rare earths project. The market duly took notice, pushing Dateline's share price to a new fresh high of 24 cents a share on heavy trading. In just four months, the stock has rocketed an eye-watering 3900 per cent from its April low of 0.006 cents. The company picked up the large-scale anomalies after putting the results from a recent 3D magnetotelluric (MT) survey together with data from an earlier gravity study. The analysis revealed the same striking geophysical fingerprints of coincident gravity lows and resistivity lows as two identified mineralised pipes. The picture being painted is hard to ignore: Dateline's North and South pipes have already historically produced 344,000 ounces of gold and further defined a 1.1-million-ounce JORC resource, pointing to a high chance of multiple discoveries. 'The convergence of geochemistry, gravity and MT resistivity data has given us confidence in six new priority gold targets within 1.5km of the Colosseum.' Dateline Resources managing director Stephen Baghdadi Management says four of the new anomalies are as big, if not bigger, than the signatures tied to the current resource. The known pipes remain open at 250 metres depth and fresh MT modelling shows they plunge at least another 300m, hinting at a far bigger mineralised system than first thought. Dateline Resources managing director Stephen Baghdadi said: ' The MT survey has correlated strongly with the existing 1.1-million-ounce mineral resource estimate. In June, we re-examined the 2023 gravity data alongside new geochemical results from felsite outcrops, confirming that the breccia pipes sit within gravity lows and that felsite dykes carrying gold-pathfinder elements are also coincident with gravity lows on the western margin of the pits. This convergence of geochemistry, gravity and MT resistivity data has given us confidence in six new priority targets within 1.5km of the Colosseum mineral resource.' Among the new hot spots, Target 5 has captured plenty of attention. Stretching about 500m by 300m, it shows the broadest resistivity low of all the anomalies and plunges to a staggering 900m. Dateline says its depth and continuity point to a towering breccia body that could be packed with serious ounces. Target 6 is proving equally intriguing, management says. The 'bullseye' anomaly measures about 300 square metres and has matching gravity and resistivity lows to about 700m depth.
The Age
an hour ago
- Business
- The Age
Dateline unearths six new breccia pipes at US Colosseum gold play
Dateline Resources has added another serious dose of excitement to its already supercharged Californian play after geophysics lit up six new, potentially gold-rich breccia pipes at its Colosseum gold and rare earths project. The market duly took notice, pushing Dateline's share price to a new fresh high of 24 cents a share on heavy trading. In just four months, the stock has rocketed an eye-watering 3900 per cent from its April low of 0.006 cents. The company picked up the large-scale anomalies after putting the results from a recent 3D magnetotelluric (MT) survey together with data from an earlier gravity study. The analysis revealed the same striking geophysical fingerprints of coincident gravity lows and resistivity lows as two identified mineralised pipes. The picture being painted is hard to ignore: Dateline's North and South pipes have already historically produced 344,000 ounces of gold and further defined a 1.1-million-ounce JORC resource, pointing to a high chance of multiple discoveries. 'The convergence of geochemistry, gravity and MT resistivity data has given us confidence in six new priority gold targets within 1.5km of the Colosseum.' Dateline Resources managing director Stephen Baghdadi Management says four of the new anomalies are as big, if not bigger, than the signatures tied to the current resource. The known pipes remain open at 250 metres depth and fresh MT modelling shows they plunge at least another 300m, hinting at a far bigger mineralised system than first thought. Dateline Resources managing director Stephen Baghdadi said: ' The MT survey has correlated strongly with the existing 1.1-million-ounce mineral resource estimate. In June, we re-examined the 2023 gravity data alongside new geochemical results from felsite outcrops, confirming that the breccia pipes sit within gravity lows and that felsite dykes carrying gold-pathfinder elements are also coincident with gravity lows on the western margin of the pits. This convergence of geochemistry, gravity and MT resistivity data has given us confidence in six new priority targets within 1.5km of the Colosseum mineral resource.' Among the new hot spots, Target 5 has captured plenty of attention. Stretching about 500m by 300m, it shows the broadest resistivity low of all the anomalies and plunges to a staggering 900m. Dateline says its depth and continuity point to a towering breccia body that could be packed with serious ounces. Target 6 is proving equally intriguing, management says. The 'bullseye' anomaly measures about 300 square metres and has matching gravity and resistivity lows to about 700m depth.
The Age
11-08-2025
- 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.'
Sydney Morning Herald
11-08-2025
- 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.'
West Australian
25-06-2025
- Business
- West Australian
Dateline boss throws $1M cash at US gold-rare earths play
In what appears to be a major confidence booster for Dateline Resources' Californian gold and rare earths project, managing director Stephen Baghdadi has dug deep into his pocket, tipping $1.06 million of fresh cash into the ASX-listed explorer's coffers. After exercising more than 53 million options, Baghdadi's new investment has lifted his stake in Dateline to a hefty 396.9 million shares and gives the boss a commanding 12.85 per cent slice of the company. It also injects immediate capital into the company's exploration war chest. Including the new cash and commitments from additional option exercisers, the company's bank balance has swelled to almost $9 million - a sizable wad of money for a junior explorer with a single, high-impact asset. As the company gears up to chase gold and critical minerals at the previously producing Colosseum gold mine in the Walker Lane trend, one of America's most mineral-rich corridors, Baghdadi's cash splash suggests he sees serious upside on the horizon. Dateline Resources managing director Stephen Baghdadi said: '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 underscores my commitment to our long-term vision and growth.' Colosseum currently hosts a JORC-compliant resource of 1.1 million ounces of gold at a healthy 1.26 grams per tonne (g/t). With mining studies already underway, the project is shaping up as a potential company-maker. More than two-thirds of the resource sits in the measured and indicated categories, offering a solid foundation for development. Last month, Dateline upped its gold price assumption for the project from US$2200 to US$2900 (A$4450) per ounce as part of its ongoing bankable feasibility study. The change lifted Colosseum's net present value by 134 per cent to US$550 million (A$850M) and almost halved the payback timeline from three years to an impressive 17 months. The company is eyeing a total gold haul of 635,000 ounces over an 8.3-year mine life with annual average production of 71,000 ounces at a solid 1.3g/t. Notably, the operation is expected to recover 92 per cent of the gold. Operating costs are projected at just US$1182 (A$1818) per ounce, with all-in sustaining costs of US$1490 (A$2292), both comfortably below Dateline's revised gold price outlook. However, the real kicker may lie beneath the gold. The company believes the Colosseum site could also host a rare earths deposit similar to the world-famous Mountain Pass mine, 10 kilometres down the road. Production at the carbonatite-hosted Mountain Pass mine kicked off in 1952, at an extraordinary grade of 7 per cent total rare earths. The mine was the world's dominant supplier of rare earths from the 1960s through to the 1990s and shares the same geological setting as Colosseum. Preparations are well advanced to test the theory with targeted rare earths drilling as part of an upcoming exploration program. The company is also zeroing in on hidden breccia pipes that appear to line up with Colosseum to the south. Recent field mapping and rock chip sampling of felsite outcrops - a key volcanic feature often linked to gold deposits - revealed the geochemical fingerprints of a much larger mineralised system. The samples returned strong hits of pathfinder elements such as antimony, bismuth and tellurium, all hallmarks of an intrusion-related gold system. With Baghdadi tipping in more than $1 million of his own cash, punters are likely to have a good reason to take a closer look. Senior management making such bold cash commitments can often signal future success. As the global spotlight intensifies on gold and critical minerals, Baghdadi's timing appears near perfect. Is your ASX-listed company doing something interesting? Contact:
