Dateline Resources
Primary ticker: ASX:DTR, OTC:DTREF
Stage of development: Exploration, Development
Primary minerals: Gold, Rare Earths
Project to promote: Colosseum Gold and Rare Earth Element (REE) Project
Project location: USA
Website: https://www.datelineresources.com.au/
Dateline Resources 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 California.
The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California. Colosseum has a JORC-2012 compliant Mineral Resource estimate of 27.1Mt @ 1.26g/t Au for 1.1Moz (67% M&I). A positive Scoping Study demonstrated an 8 year project producing 75koz pa, with a BFS currently underway. Colosseum is fully permitted to commence mining.
Cash: AUD 2,300,000
Debt: AUD 100,000
Major shareholders:
Mark Johnson (Chair) – 19.4%
Stephen Baghdadi (MD) – 13.3%
Southern Cross Exploration – 3.9%
HSBC Custody Nominees – 3.2%
Management ownership – 32.70%
Financials
Management Profile
Stephen Baghdadi, Managing Director and CEO
Since 1993, Mr Baghdadi has acted as an executive director for numerous ASX-listed companies, including the Horizon group of companies, Afro-West, Alamain Investments, and Marino, and privately held controlling interests in manufacturing, software development and property concerns. Mr Baghdadi has completed several transactions in Australia, South East Asia, Europe and North America. He brings to the table the ability to identify an undervalued asset or opportunity that has the potential to yield high returns.
What is your rationale for taking part in 121 Mining Investment?
With the Colosseum mine in California and the Company adding an OTCQB listing, the Company is seeking new North American investors that can see the value in its Colosseum Gold and Rare Earth Project.
What recent news would you like to highlight to investors attending?
19 May – Fully funded for Colosseum BFS
2 May – US Presidential recognition
1 May – Colosseum BFS underway
9 April – Confirmation of Mining Rights
23 October – Colosseum Scoping Study
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Complete OTCQB uplisting, commence REE drilling, submit US grant application
6 Months:
BFS completion, Positive REE exploration results
12 Months:
Financing and commencement of Colosseum construction
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
For gold, key risk is financing and constructing on time and budget. For rare earths, key risk is exploration targeting to ensure that highest priority targets are assessed first.
What do you think makes your company such a compelling investment?
The Colosseum Scoping Study was undertaken at US$2200/oz, with the gold price increasing by US$1100/oz since. The SS economics were extremely positive with even better results expected when viewed at a higher gold price.
What are the top 3 key investor takeaways?
Fully permitted – Existing Mining Rights and Plan of Operation ensure there won’t be any approvals delay following the BFS.
Robust Economics – Scoping Study produced NPV US$235M and 31% IRR at US$2200/oz. Expected to be materially improved at higher gold price.
Rare Earth Upside – Proven geological link to Mountain Pass REE mineralisation, located only 10km away along strike. Major exploration program about to commence.