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USA Today
14 hours ago
- 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
Indianapolis Star
15 hours ago
- Business
- Indianapolis Star
Dateline Resources Initiates Comprehensive Exploration Program at Colosseum Gold-REE Project in California
SAN BERNARDINO COUNTY, CA / ACCESS Newswire 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.
Associated Press
19-05-2025
- Business
- Associated Press
Dateline Resources Fully Funded for Colosseum Gold Project Bankable Feasibility Study
SAN BERNARDINO, CA / ACCESS Newswire / May 19, 2025 / Dateline Resources Limited (OTC:DTREF)(ASX:DTR) is pleased to update its shareholders on the strong financial position and ongoing progress of its flagship Colosseum Gold and Rare Earth Element (REE) Project in California. With a robust cash balance and recent capital inflows, the Company is fully funded to complete the Bankable Feasibility Study (BFS) for the Colosseum Gold Project, a significant milestone in unlocking the project's value. Key Highlights Dateline Resources is well-positioned with current cash reserves of $1.95 million, which are expected to increase to $2.3 million upon receipt of part of the proceeds from the Udu Copper Project sale. The Company has raised approximately $1.1 million through recent warrant exercises, reflecting strong shareholder support. The BFS for the 1.1 million ounce Colosseum Gold Project is progressing on schedule, with metallurgical test work now underway. Additionally, planning for a dedicated REE drilling program at Colosseum is being advanced and guided by leading REE experts. The Company is also on track to uplist to the OTCQB Venture Market in Q3 2025, enhancing visibility for U.S. investors. Financial Strength to Drive Colosseum Forward Dateline's cash reserves stand at $1.95 million, bolstered by $1.1 million raised from recent warrant exercises. An additional $350,000 is expected from the partial payment of the sale of the non-core Udu Copper Project in Fiji, bringing the total cash balance to approximately $2.3 million. These funds fully cover the costs of the Colosseum Gold Project's BFS, ensuring the Company can advance this critical study without delay. The Company has also seen growing interest from warrant holders seeking to convert their holdings, signaling potential for additional organic funding. By monetizing non-core assets like the Udu Copper Project, Dateline is strategically focusing resources on its high-potential U.S. projects, particularly Colosseum. 'We are in a strong financial position to complete the Colosseum BFS, a pivotal step toward realizing the project's full potential,' said Stephen Baghdadi, Managing Director. 'With the support of our shareholders and disciplined capital management, we are well-equipped to deliver value for our investors.' Colosseum Gold Project: BFS Progress The BFS for the Colosseum Gold Project, which hosts a JORC-2012 compliant Mineral Resource of 1.1 million ounces of gold (27.1Mt @ 1.26g/t Au), commenced last month and remains on schedule. Key activities include metallurgical test work, with drill core shipped to Kappes, Cassiday & Associates in Nevada for analysis. Australian Mine Design & Development (AMDAD) is overseeing mine engineering, ensuring a comprehensive study that will guide the project's development. The BFS is expected to be completed in December 2025 Rare Earth Elements: Expanding Colosseum's Potential In addition to its gold resources, Colosseum holds significant REE potential. Planning for a targeted REE drilling program is advancing, with program design led by renowned experts Dr. Anthony Mariano and Tony Mariano. The Company is finalizing drill targets and logistics and will soon commence the tender process for a drilling contractor. This program, announced on May 5, 2025, underscores Dateline's commitment to maximizing the value of Colosseum's diverse mineral assets. OTCQB Uplisting to Broaden U.S. Investor Access Dateline is on track to uplist to the OTCQB Venture Market in Q3 2025, a move designed to increase visibility and accessibility for U.S. investors. This uplisting will complement the Company's ASX listing and support its growth strategy in the U.S. market, where Colosseum is strategically located in the Walker Lane Trend, less than 10km from the Mountain Rare Earth mine. About Dateline Resources Limited Dateline Resources Limited (OTC: DTREF, ASX: DTR) is an Australian publicly listed company focused on mining and exploration in North America. The Company owns 100% of the Colosseum Gold-REE Project in San Bernardino County, California, which hosts a 1.1 million ounce gold resource and significant REE potential. For more information, visit or follow us on X at Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of applicable securities laws. These statements relate to future events or future performance and include, but are not limited to, statements regarding the potential of the Colosseum Project, the expected benefits of the OTCQB listing, 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 the company's current expectations, estimates, and projections, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to: fluctuations in the prices of gold and rare earth elements; changes in regulatory requirements or permitting processes; geological or technical challenges in exploration and development; market conditions affecting the company's ability to raise capital; environmental or social factors impacting operations; risks associated with the OTCQB listing process or trading on a new market; environmental and permitting risks associated with operating in a national preserve; uncertainty regarding the delineation of a mineable rare earth elements resource; risks related to the company's ability to secure necessary funding for project development; and potential changes in government policies or priorities affecting the critical minerals sector. The company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company does not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Competent Person Statement The exploration information in this press release has been reviewed by Mr. Greg Hall, a Chartered Professional of the Australasian Institute of Mining and Metallurgy. Mr. Hall has sufficient experience relevant to the style of mineralization and deposit type to qualify as a Competent Person under the JORC Code. He consents to the inclusion of this information in the context in which it appears. Contact Information: Stephen Baghdadi Managing Director +61 2 9375 2353 [email protected] Andrew Rowell White Noise Communications +61 400 466 226 [email protected] SOURCE: Dateline Resources Limited press release
The Age
19-05-2025
- Business
- The Age
Asset sale and options cash fund Dateline US gold project study
Dateline Resources has locked in the cash it needs to complete a bankable feasibility study (BFS) on the gold deposit at its flagship Californian Colosseum gold and rare earths project in a move that will be pivotal step in the conversion of its 1.1-million-ounce resource into a revenue-generating mine. The ASX-listed explorer says it is sitting on a bank balance of $1.95 million, which will soon be boosted to around $2.3 million when the company pockets part of the proceeds from the sale of its non-core Udu copper asset in Fiji. That deal alone will tip in an additional $350,000 into a pot already earmarked to advance Colosseum. The company says the current cash balance also includes about $1.1 million that has flowed in from existing shareholders exercising their options, with more likely to convert, judging by an uptick in investor enquiries. 'With these recent cash inflows, we are now funded to complete the BFS at Colosseum.' Dateline Resources managing director Stephen Baghdadi With 2.3M in the bank and more cash on the way, Dateline says the influx will see it fully fund the BFS at Colosseum without going back to the market. A key part of the study has already kicked off, with drill core shipped to Kappes, Cassiday & Associates in Nevada for metallurgical testing. Meanwhile, mine engineering work is being spearheaded by Australian consultancy AMDAD. The results from both teams will feed into a full-scale assessment of project economics later this year. Dateline Resources managing director Stephen Baghdadi said: 'With these recent cash inflows, we are now funded to complete the BFS at Colosseum. The progress to date has been excellent, and we are confident of maintaining the BFS schedule as we work to unlock Colosseum's full potential.' Colosseum sits in California's highly-prospective Walker Lane Trend, not far from the famed Mountain Pass rare earths mine. Colosseum already hosts a healthy JORC resource of 27.1 million tonnes at 1.26 grams per tonne gold for 1.1 million ounces, with more than two-thirds of that sitting in the measured and indicated categories. In parallel with the study, Dateline is zeroing in on the project's significant rare earths potential, thanks to geological similarities with the nearby Mountain Pass mine - the only rare earths mine of its kind in the U.S.
Sydney Morning Herald
19-05-2025
- Business
- Sydney Morning Herald
Asset sale and options cash fund Dateline US gold project study
Dateline Resources has locked in the cash it needs to complete a bankable feasibility study (BFS) on the gold deposit at its flagship Californian Colosseum gold and rare earths project in a move that will be pivotal step in the conversion of its 1.1-million-ounce resource into a revenue-generating mine. The ASX-listed explorer says it is sitting on a bank balance of $1.95 million, which will soon be boosted to around $2.3 million when the company pockets part of the proceeds from the sale of its non-core Udu copper asset in Fiji. That deal alone will tip in an additional $350,000 into a pot already earmarked to advance Colosseum. The company says the current cash balance also includes about $1.1 million that has flowed in from existing shareholders exercising their options, with more likely to convert, judging by an uptick in investor enquiries. 'With these recent cash inflows, we are now funded to complete the BFS at Colosseum.' Dateline Resources managing director Stephen Baghdadi With 2.3M in the bank and more cash on the way, Dateline says the influx will see it fully fund the BFS at Colosseum without going back to the market. A key part of the study has already kicked off, with drill core shipped to Kappes, Cassiday & Associates in Nevada for metallurgical testing. Meanwhile, mine engineering work is being spearheaded by Australian consultancy AMDAD. The results from both teams will feed into a full-scale assessment of project economics later this year. Dateline Resources managing director Stephen Baghdadi said: 'With these recent cash inflows, we are now funded to complete the BFS at Colosseum. The progress to date has been excellent, and we are confident of maintaining the BFS schedule as we work to unlock Colosseum's full potential.' Colosseum sits in California's highly-prospective Walker Lane Trend, not far from the famed Mountain Pass rare earths mine. Colosseum already hosts a healthy JORC resource of 27.1 million tonnes at 1.26 grams per tonne gold for 1.1 million ounces, with more than two-thirds of that sitting in the measured and indicated categories. In parallel with the study, Dateline is zeroing in on the project's significant rare earths potential, thanks to geological similarities with the nearby Mountain Pass mine - the only rare earths mine of its kind in the U.S.
