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Dateline Resources Limited (ASX:DTR)

ALERT: Price-sensitive ASX Announcement for DTR
Current share price for DTR : $0.140 -0.1 (-41.67%)+
Announcement
Release
11 May 2026 8:24AM
Price at Release
$0.240
Full Release
download
Summary
Dateline Resources Limited has completed a Bankable Feasibility Study for its Colosseum Gold and Rare Earth Element Project in California. The study highlights a strong economic outlook with a predicted total gold production of 573koz over 10.4 years and a low 3:1 strip ratio enhancing mining efficiency. The project's All-in Sustaining Cost is projected at US$1,825/oz, with significant cash flow sensitivity to gold price fluctuations. The project anticipates peak annual production of 102koz in year six and showcases potential for additional underground resources. Financially, the study outlines a start-up cost of $249M, backed by cash reserves and prospective financing, aiming at a 49.5% pre-tax IRR using a base gold price of US$4,200/oz. Infrastructure plans include reestablishing grid power and utilizing existing plant sites for construction.
Key Points
  • Colosseum Gold and Rare Earth Element (REE) Project located in San Bernardino County, California.
  • Bankable Feasibility Study (BFS) indicates a robust gold development with strong operating margins.
  • Total gold production over the mine's 10.4-year life is estimated at 573koz.
  • The project features a low 3:1 strip ratio enhancing mining efficiency.
  • All-in Sustaining Cost (AISC) is estimated at US$1,825/oz, with pre-tax cash flow sensitivity indicating a ~$55M increase for every $100/oz rise in gold price.
  • Peak annual gold production projected at 102koz in year six.
  • Significant potential for additional underground resources, especially to the northeast of the North Pit.
  • Operational infrastructure includes reestablishment of grid power and process plant construction on existing site footprints.
  • A forward-looking financial framework with a $249M start-up cost, plus a $25M contingency, backed by cash reserves and potential project financing.
  • The BFS supports a technically simple restart with strong economics, targeting IRRs of 49.5% pre-tax based on a base gold price of US$4,200/oz.
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.