Dateline Resources Announces $1 Million Investment from Managing Director Stephen Baghdadi
Dateline Resources (OTCQB:DTREF) announced a significant insider investment as Managing Director Stephen Baghdadi invested $1.06 million by exercising 53,000,208 share options. This increases his shareholding to 396,890,307 shares, representing 12.85% ownership in the company.
The investment strengthens Dateline's financial position, bringing total cash and option exercise commitments to nearly $9 million. The funds will support the development of the Colosseum Gold and REE Project in California, which has a JORC-compliant resource of 27.1 million tonnes at 1.26 g/t gold (1.1 million ounces). Recent projections show an NPV6.5 of $550 million and an IRR of 61% at $2,900/oz gold.
Dateline Resources (OTCQB:DTREF) ha annunciato un significativo investimento da parte di un insider, con il Managing Director Stephen Baghdadi che ha investito 1,06 milioni di dollari esercitando 53.000.208 opzioni azionarie. Questo porta la sua partecipazione a 396.890.307 azioni, rappresentando una quota di proprietà del 12,85% nell'azienda.
L'investimento rafforza la posizione finanziaria di Dateline, portando l'ammontare totale di liquidità e impegni derivanti dall'esercizio delle opzioni a quasi 9 milioni di dollari. I fondi supporteranno lo sviluppo del progetto Colosseum Gold e REE in California, che dispone di una risorsa conforme JORC di 27,1 milioni di tonnellate con un contenuto di oro di 1,26 g/t (1,1 milioni di once). Le proiezioni recenti indicano un NPV6,5 di 550 milioni di dollari e un IRR del 61% con un prezzo dell'oro a 2.900 dollari/oncia.
Dateline Resources (OTCQB:DTREF) anunció una inversión significativa por parte de un insider, con el Director General Stephen Baghdadi invirtiendo 1,06 millones de dólares al ejercer 53.000.208 opciones sobre acciones. Esto aumenta su participación a 396.890.307 acciones, representando un 12,85% de propiedad en la empresa.
La inversión fortalece la posición financiera de Dateline, elevando el total de efectivo y compromisos por ejercicio de opciones a casi 9 millones de dólares. Los fondos apoyarán el desarrollo del Proyecto Colosseum Gold y REE en California, que cuenta con un recurso conforme a JORC de 27,1 millones de toneladas con 1,26 g/t de oro (1,1 millones de onzas). Las proyecciones recientes muestran un VPN6,5 de 550 millones de dólares y una TIR del 61% con un precio del oro de 2.900 dólares/onza.
Dateline Resources (OTCQB:DTREF)는 주요 내부자 투자를 발표했으며, 전무이사인 Stephen Baghdadi가 1.06백만 달러를 투자하여 53,000,208주의 주식 옵션을 행사했습니다. 이로써 그의 지분은 396,890,307주로 늘어나 회사 지분의 12.85%를 보유하게 되었습니다.
이번 투자는 Dateline의 재무 상태를 강화하여 현금 및 옵션 행사 약속 총액을 거의 9백만 달러에 이르게 했습니다. 이 자금은 캘리포니아의 Colosseum Gold 및 REE 프로젝트 개발을 지원할 예정이며, 이 프로젝트는 JORC 기준에 부합하는 2710만 톤, 금 함량 1.26g/t (110만 온스)의 자원을 보유하고 있습니다. 최근 예상에 따르면 금 가격이 온스당 2,900달러일 때 NPV6.5는 5억 5천만 달러, IRR은 61%로 나타났습니다.
Dateline Resources (OTCQB:DTREF) a annoncé un investissement important de la part d'un initié, avec le Directeur Général Stephen Baghdadi ayant investi 1,06 million de dollars en exerçant 53 000 208 options d'achat d'actions. Cela porte sa participation à 396 890 307 actions, représentant une possession de 12,85% dans la société.
Cet investissement renforce la position financière de Dateline, portant le total des liquidités et des engagements liés à l'exercice des options à près de 9 millions de dollars. Les fonds soutiendront le développement du projet Colosseum Gold et REE en Californie, qui dispose d'une ressource conforme au JORC de 27,1 millions de tonnes à 1,26 g/t d'or (1,1 million d'onces). Les projections récentes indiquent une VAN6,5 de 550 millions de dollars et un TRI de 61% avec un prix de l'or à 2 900 $/once.
Dateline Resources (OTCQB:DTREF) gab eine bedeutende Insider-Investition bekannt, bei der der Geschäftsführer Stephen Baghdadi 1,06 Millionen US-Dollar investierte, indem er 53.000.208 Aktienoptionen ausübte. Dadurch erhöht sich sein Aktienanteil auf 396.890.307 Aktien, was einem Eigentumsanteil von 12,85% am Unternehmen entspricht.
Die Investition stärkt die finanzielle Position von Dateline und bringt die gesamten Bar- und Optionsausübungsverpflichtungen auf fast 9 Millionen US-Dollar. Die Mittel werden die Entwicklung des Colosseum Gold- und REE-Projekts in Kalifornien unterstützen, das über eine JORC-konforme Ressource von 27,1 Millionen Tonnen mit einem Goldgehalt von 1,26 g/t (1,1 Millionen Unzen) verfügt. Aktuelle Prognosen zeigen einen NPV6,5 von 550 Millionen US-Dollar und einen IRR von 61% bei einem Goldpreis von 2.900 US-Dollar pro Unze.
- Managing Director's $1.06 million investment demonstrates strong insider confidence
- Total cash position strengthened to nearly $9 million
- Significant gold resource of 1.1 million ounces with NPV6.5 of $550 million
- Strategic location near Mountain Pass Rare Earth mine enhances REE potential
- Strong project economics with 61% IRR at $2,900/oz gold
- Significant share dilution from option exercise
- High concentration of ownership with MD holding 12.85% of shares
- Project economics based on optimistic gold price assumption of $2,900/oz
SAN BERNARDINO, CA / ACCESS Newswire / June 24, 2025 / Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF), a leading Australian mining and exploration company, today announced that its Managing Director, Stephen Baghdadi, has invested over
Baghdadi's investment increases his shareholding to 396,890,307 shares, representing
The funds will support ongoing exploration and development at the Colosseum Project, located in California's Walker Lane Trend. A past-producing gold mine, Colosseum has a JORC-2012 compliant Mineral Resource estimate of 27.1 million tonnes at 1.26 g/t gold for 1.1 million ounces, as announced on June 6, 2024. Recent exploration has revealed promising REE mineralization, positioning Colosseum as a unique dual-commodity opportunity. On May 23, 2025, Dateline reported updated economics for the project, projecting an NPV6.5 of
Dateline's Board of Directors welcomed Baghdadi's investment as a strong endorsement of the company's strategy. "Stephen's commitment reinforces our confidence in the Colosseum Project's ability to deliver long-term value for shareholders," the Board stated. The capital will advance drill testing to assess the project's REE potential and further unlock its gold resources.
About Dateline Resources Limited
Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF) is an Australian company focused on mining and exploration in North America. The Company owns
The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California. On 6 June 2024, the Company announced to the ASX that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 27.1Mt @ 1.26g/t Au for 1.1Moz. Of the total Mineral Resource, 455koz @ 1.47/t Au (
On 23 May 2025, Dateline announced that updated economics for the Colosseum Gold Project generated an NPV6.5 of US
The Colosseum is located less than 10km north of the Mountain Rare Earth mine. Planning has commenced on drill testing the REE potential at Colosseum.
Forward-Looking Statements
This announcement may contain "forward-looking statements" concerning Dateline Resources that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Dateline Resources' ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behavior of other market participants. Dateline Resources cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements. Dateline Resources assumes no obligation and does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.
Competent Person Statement
Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.
Contact Information
Stephen Baghdadi
Managing Director
Dateline Resources Limited
+61 2 9375 2353
info@datelineresources.com.au
www.datelineresources.com.au
Andrew Rowell
White Noise Communications
+61 400 466 226
andrew@whitenoisecomms.com
Follow Dateline on X: @Dateline_DTR
Dateline Resources Limited
Level 29, 2 Chifley Square, Sydney, NSW 2000, Australia
This press release is authorized for release by the Board of Dateline Resources Limited. and Development
SOURCE: Dateline Resources Limited
View the original press release on ACCESS Newswire
FAQ
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