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Dateline Resources Limited (ASX:DTR)

ALERT: Price-sensitive ASX Announcement for DTR
Current share price for DTR : $0.140 -0.06 (-30%)+
Announcement
Release
15 May 2026 8:25AM
Price at Release
$0.200
Full Release
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Summary
Dateline Resources Limited announced significant developments regarding its Colosseum Gold-REE Project located in San Bernardino County, California. The company reported new broad gold intersections from drilling activities at the North Pit, highlighting an extension of the mineralized zone to the northeast. Drillhole CM26-42 extended the mineralized zone further north and at greater depths, while CM25-41 was deepened following positive outcomes from prior drilling. These intersections bolster the potential for developing an underground gold deposit post-open-pit mining operations. Additionally, the rare earth elements (REE) drilling program has been expanded to 18 holes, with encouraging preliminary results indicating high-density rocks that correspond with gravity anomalies. This expansion follows nearly 3,000 meters of completed REE-focused drilling. The project has shown promising pre-tax economic metrics with a calculated NPV5 of US$785 million and IRR of 49.5% at a gold price of US$4,200/oz.
Key Points
  • Gold mineralization extended at Colosseum North Pit.
  • Significant drill intersections: CM25-41 and CM26-42.
  • Possibility of an underground deposit following open-pit mining.
  • Expansion of the REE drilling program to 18 holes.
  • High specific gravity rocks discovered, indicating potential.
  • Positive economic outcomes for Colosseum Gold Project.
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.