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Dateline Resources Limited (ASX:DTR)

ALERT: Price-sensitive ASX Announcement for DTR
Current share price for DTR : $0.135 -0.105 (-43.75%)+
Announcement
Release
30 Apr 2026 8:35AM
Price at Release
$0.240
Full Release
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Summary
Dateline Resources Limited has advanced its Bankable Feasibility Study (BFS) for the Colosseum Gold Project, anticipating its release in early May 2026. The study, focused on open-pit development, is on track following favorable mining contract pricing and completion of metallurgical testwork with high recovery rates. Recent board additions include experienced U.S. mining executives George Brack and Phillips Baker Jr. Financially, the company raised $50 million through a new share placement, increasing cash reserves to $96 million to support pre-construction activities. Key geophysical surveys have identified significant rare earth element targets near the Colosseum pits, and exploration efforts continue with a focus on these targets. The company maintains its legal rights over the Colosseum operations amidst external legal proceedings, which do not directly involve Dateline.
Key Points
  • Bankable Feasibility Study for the Colosseum Gold Project to be released in early May 2026.
  • Completion of metallurgical testwork confirmed 91-92% recoveries.
  • New share placement raised $50 million, increasing cash reserves to $96 million.
  • Experienced U.S. mining executives George Brack and Phillips Baker Jr joined the board.
  • Geophysical surveys identified significant REE targets near Colosseum.
  • Company continues to uphold its legal rights over Colosseum operations.
  • New District Scale Music Valley Project acquired with high historical TREO results.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.