Dateline Resources (ASX: DTR, OTCQB: DTREF) is an Australian explorer and developer with its flagship 100%-owned ‘Colosseum’ Gold and Rare Earth Elements (REE) project in California. Located just ~10km away from America’s only rare earths mine, ‘Mountain Pass’, the project has gained significant public endorsement in the last calendar year from the U.S Administration, amidst the ongoing need for critical minerals independence and rising gold prices.
Tier-1 Jurisdiction and with Strong Government Backing - Colosseum is located near to ‘Mountain Pass’ - the only rare earth producing mine in the U.S. The operator of Mountain Pass, MP Materials (NYSE: MP) has attracted over US$400m worth of investment from the U.S Department of Defence and a US$500m offtake from Apple. This reinforces the U.S’ established need for critical minerals independence, and two Executive Orders aimed at developing the industry. This support has extended to DTR’s project, with the U.S president publicly referencing the company. Mountain Pass is a high-grade rare earth mine, with an ~6%-7% TREO with high-grade pockets over 15%, delivering a life of Mine (LOM) of over 30 years.
Strong underlying economics - Scoping Study Metrics present favourable economics for Colosseum including the production of 635,000 ounces of gold over an 8 year mine life, total revenues of US$1.77bn and a NPV of US$550m at an IRR of 61%. Existing scoping study metrics ignore any upside derived from rare earth elements out of the deposit, and assume a gold price assumption of US$2,900/oz, much lower than the current ~US$5100/Oz.
Near-term Cash-Flow (Gold) - By Q1 CY26, Colosseum is expected to see the arrival of a Bankable Feasibility Study (BFS). The project also holds existing stockpiles of 1Mt @ 1g/t Au, adding roughly ~30,000 oz of gold to its Inventory. Metallurgical work for the Colosseum deposit supports a confirmed recovery of 91-92%.
Experienced Management - DTR’s board and Management are holding ~26% of the register with Managing Director, Stephen Bagdadi, holding ~12%. The leadership team has director experience across Tier-1 North American Mining companies and gold discoveries.
Diversified Commodity Exposure - Offering Investors exposure to gold and rare earths, with an additional 100%-owned strontium project, ‘Argos’ in California. Argos is the largest strontium deposit in the U.S with the previous celestite production grading 95% Strontium sulfate (SrSO4).
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