Dateline Resources (OTC:DTREF) has secured full funding for its Colosseum Gold Project's Bankable Feasibility Study (BFS) in California. The company holds $1.95 million in cash reserves, expected to increase to $2.3 million after receiving proceeds from the Udu Copper Project sale. Recent warrant exercises have contributed $1.1 million, demonstrating strong shareholder confidence. The Colosseum Project contains a JORC-compliant resource of 1.1 million ounces of gold (27.1Mt @ 1.26g/t Au). The BFS, which commenced last month, is progressing with metallurgical testing at Kappes, Cassiday & Associates and mine engineering by AMDAD, targeting completion in December 2025. Additionally, Dateline is planning a dedicated Rare Earth Elements drilling program and preparing to uplist to the OTCQB Venture Market in Q3 2025.
Dateline Resources (OTC:DTREF) ha ottenuto il finanziamento completo per lo Studio di Fattibilità Bancabile (BFS) del suo Progetto Colosseum Gold in California. L'azienda dispone di 1,95 milioni di dollari in riserve liquide, che si prevede aumenteranno a 2,3 milioni di dollari dopo l'incasso derivante dalla vendita del Progetto Udu Copper. Recenti esercizi di warrant hanno contribuito con 1,1 milioni di dollari, dimostrando una forte fiducia da parte degli azionisti. Il Progetto Colosseum contiene una risorsa conforme allo standard JORC di 1,1 milioni di once d'oro (27,1 Mt a 1,26 g/t Au). Il BFS, iniziato il mese scorso, sta avanzando con test metallurgici presso Kappes, Cassiday & Associates e ingegneria mineraria affidata ad AMDAD, con l'obiettivo di completamento entro dicembre 2025. Inoltre, Dateline sta pianificando un programma di perforazioni dedicato agli Elementi delle Terre Rare e si sta preparando per la quotazione sul mercato OTCQB Venture nel terzo trimestre del 2025.
Dateline Resources (OTC:DTREF) ha asegurado la financiación completa para el Estudio de Factibilidad Bancable (BFS) de su Proyecto Colosseum Gold en California. La compañía cuenta con 1,95 millones de dólares en reservas de efectivo, que se espera aumenten a 2,3 millones de dólares tras recibir los ingresos por la venta del Proyecto Udu Copper. Ejercicios recientes de warrants han aportado 1,1 millones de dólares, demostrando una fuerte confianza de los accionistas. El Proyecto Colosseum contiene un recurso conforme a JORC de 1,1 millones de onzas de oro (27,1 Mt a 1,26 g/t Au). El BFS, que comenzó el mes pasado, avanza con pruebas metalúrgicas en Kappes, Cassiday & Associates y la ingeniería minera a cargo de AMDAD, con objetivo de finalización en diciembre de 2025. Además, Dateline planea un programa de perforación dedicado a Elementos de Tierras Raras y se prepara para subir al mercado OTCQB Venture en el tercer trimestre de 2025.
Dateline Resources(OTC:DTREF)는 캘리포니아에 위치한 Colosseum Gold 프로젝트의 은행성 타당성 조사(BFS)를 위한 전액 자금을 확보했습니다. 회사는 195만 달러의 현금 보유고를 보유하고 있으며, Udu Copper 프로젝트 매각 수익금 수령 후 230만 달러로 증가할 것으로 예상됩니다. 최근 워런트 행사로 110만 달러가 추가되어 주주들의 강한 신뢰를 보여주고 있습니다. Colosseum 프로젝트는 JORC 기준에 부합하는 110만 온스의 금 자원(27.1Mt @ 1.26g/t Au)을 보유하고 있습니다. 지난달 시작된 BFS는 Kappes, Cassiday & Associates에서의 야금학 테스트와 AMDAD의 광산 엔지니어링 작업이 진행 중이며, 2025년 12월 완료를 목표로 하고 있습니다. 또한 Dateline은 희토류 원소 전용 시추 프로그램을 계획 중이며 2025년 3분기에 OTCQB 벤처 마켓 상장을 준비하고 있습니다.
Dateline Resources (OTC:DTREF) a obtenu le financement complet pour l'étude de faisabilité bancaire (BFS) de son projet Colosseum Gold en Californie. La société dispose de 1,95 million de dollars en réserves de trésorerie, qui devraient augmenter à 2,3 millions de dollars suite aux recettes de la vente du projet Udu Copper. Des exercices récents de bons de souscription ont contribué à hauteur de 1,1 million de dollars, témoignant d'une forte confiance des actionnaires. Le projet Colosseum contient une ressource conforme JORC de 1,1 million d'onces d'or (27,1 Mt à 1,26 g/t Au). La BFS, lancée le mois dernier, progresse avec des tests métallurgiques chez Kappes, Cassiday & Associates et une ingénierie minière assurée par AMDAD, visant une finalisation en décembre 2025. Par ailleurs, Dateline prévoit un programme de forage dédié aux éléments des terres rares et se prépare à une cotation sur l'OTCQB Venture Market au troisième trimestre 2025.
Dateline Resources (OTC:DTREF) hat die vollständige Finanzierung für die Bankfähigkeitsstudie (BFS) seines Colosseum Gold Projekts in Kalifornien gesichert. Das Unternehmen verfügt über 1,95 Millionen US-Dollar an Barmitteln, die voraussichtlich auf 2,3 Millionen US-Dollar steigen werden, nachdem die Erlöse aus dem Verkauf des Udu Copper Projekts eingegangen sind. Kürzliche Ausübungen von Warrants haben 1,1 Millionen US-Dollar eingebracht, was ein starkes Vertrauen der Aktionäre zeigt. Das Colosseum Projekt enthält eine JORC-konforme Ressource von 1,1 Millionen Unzen Gold (27,1 Mt @ 1,26 g/t Au). Die BFS, die letzten Monat begonnen wurde, schreitet mit metallurgischen Tests bei Kappes, Cassiday & Associates und Bergbauingenieurleistungen von AMDAD voran und zielt auf eine Fertigstellung im Dezember 2025 ab. Zudem plant Dateline ein spezielles Bohrprogramm für Seltene Erden und bereitet den Börsengang am OTCQB Venture Market im dritten Quartal 2025 vor.
Positive
Strong financial position with $1.95M cash reserves, increasing to $2.3M
Successfully raised $1.1M through warrant exercises, showing investor confidence
Significant gold resource of 1.1M ounces at Colosseum Project
Additional value potential through Rare Earth Elements exploration
Strategic location near Mountain Rare Earth mine in Walker Lane Trend
Planned uplisting to OTCQB to increase U.S. investor accessibility
Negative
BFS completion not expected until December 2025
REE drilling program still in planning phase without confirmed timeline
SAN BERNARDINO, CA / ACCESS Newswire / May 19, 2025 / Dateline Resources Limited (OTC:DTREF)(ASX:DTR) is pleased to update its shareholders on the strong financial position and ongoing progress of its flagship Colosseum Gold and Rare Earth Element (REE) Project in California. With a robust cash balance and recent capital inflows, the Company is fully funded to complete the Bankable Feasibility Study (BFS) for the Colosseum Gold Project, a significant milestone in unlocking the project's value.
Key Highlights
Dateline Resources is well-positioned with current cash reserves of $1.95 million, which are expected to increase to $2.3 million upon receipt of part of the proceeds from the Udu Copper Project sale. The Company has raised approximately $1.1 million through recent warrant exercises, reflecting strong shareholder support. The BFS for the 1.1 million ounce Colosseum Gold Project is progressing on schedule, with metallurgical test work now underway. Additionally, planning for a dedicated REE drilling program at Colosseum is being advanced and guided by leading REE experts. The Company is also on track to uplist to the OTCQB Venture Market in Q3 2025, enhancing visibility for U.S. investors.
Financial Strength to Drive Colosseum Forward
Dateline's cash reserves stand at $1.95 million, bolstered by $1.1 million raised from recent warrant exercises. An additional $350,000 is expected from the partial payment of the sale of the non-core Udu Copper Project in Fiji, bringing the total cash balance to approximately $2.3 million. These funds fully cover the costs of the Colosseum Gold Project's BFS, ensuring the Company can advance this critical study without delay. The Company has also seen growing interest from warrant holders seeking to convert their holdings, signaling potential for additional organic funding. By monetizing non-core assets like the Udu Copper Project, Dateline is strategically focusing resources on its high-potential U.S. projects, particularly Colosseum.
"We are in a strong financial position to complete the Colosseum BFS, a pivotal step toward realizing the project's full potential," said Stephen Baghdadi, Managing Director. "With the support of our shareholders and disciplined capital management, we are well-equipped to deliver value for our investors."
Colosseum Gold Project: BFS Progress
The BFS for the Colosseum Gold Project, which hosts a JORC-2012 compliant Mineral Resource of 1.1 million ounces of gold (27.1Mt @ 1.26g/t Au), commenced last month and remains on schedule. Key activities include metallurgical test work, with drill core shipped to Kappes, Cassiday & Associates in Nevada for analysis. Australian Mine Design & Development (AMDAD) is overseeing mine engineering, ensuring a comprehensive study that will guide the project's development. The BFS is expected to be completed in December 2025
In addition to its gold resources, Colosseum holds significant REE potential. Planning for a targeted REE drilling program is advancing, with program design led by renowned experts Dr. Anthony Mariano and Tony Mariano. The Company is finalizing drill targets and logistics and will soon commence the tender process for a drilling contractor. This program, announced on May 5, 2025, underscores Dateline's commitment to maximizing the value of Colosseum's diverse mineral assets.
OTCQB Uplisting to Broaden U.S. Investor Access
Dateline is on track to uplist to the OTCQB Venture Market in Q3 2025, a move designed to increase visibility and accessibility for U.S. investors. This uplisting will complement the Company's ASX listing and support its growth strategy in the U.S. market, where Colosseum is strategically located in the Walker Lane Trend, less than 10km from the Mountain Rare Earth mine.
About Dateline Resources Limited
Dateline Resources Limited (OTC: DTREF, ASX: DTR) is an Australian publicly listed company focused on mining and exploration in North America. The Company owns 100% of the Colosseum Gold-REE Project in San Bernardino County, California, which hosts a 1.1 million ounce gold resource and significant REE potential.
This press release contains "forward-looking statements" within the meaning of applicable securities laws. These statements relate to future events or future performance and include, but are not limited to, statements regarding the potential of the Colosseum Project, the expected benefits of the OTCQB listing, the company's plans for future development, and the strategic importance of the project for U.S. critical minerals supply. Forward-looking statements are based on the company's current expectations, estimates, and projections, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to: fluctuations in the prices of gold and rare earth elements; changes in regulatory requirements or permitting processes; geological or technical challenges in exploration and development; market conditions affecting the company's ability to raise capital; environmental or social factors impacting operations; risks associated with the OTCQB listing process or trading on a new market; environmental and permitting risks associated with operating in a national preserve; uncertainty regarding the delineation of a mineable rare earth elements resource; risks related to the company's ability to secure necessary funding for project development; and potential changes in government policies or priorities affecting the critical minerals sector. The company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company does not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Competent Person Statement
The exploration information in this press release has been reviewed by Mr. Greg Hall, a Chartered Professional of the Australasian Institute of Mining and Metallurgy. Mr. Hall has sufficient experience relevant to the style of mineralization and deposit type to qualify as a Competent Person under the JORC Code. He consents to the inclusion of this information in the context in which it appears.
What is the current cash position of Dateline Resources (DTREF)?
Dateline Resources currently has $1.95 million in cash reserves, expected to increase to $2.3 million after receiving proceeds from the Udu Copper Project sale.
How many ounces of gold are in the Colosseum Project's resource?
The Colosseum Project has a JORC-2012 compliant Mineral Resource of 1.1 million ounces of gold, with a grade of 1.26g/t Au across 27.1Mt.
When will Dateline Resources complete the Bankable Feasibility Study for Colosseum?
The Bankable Feasibility Study (BFS) for the Colosseum Project is expected to be completed in December 2025.
When is DTREF planning to uplist to OTCQB Venture Market?
Dateline Resources is on track to uplist to the OTCQB Venture Market in Q3 2025.
How much did Dateline raise through recent warrant exercises?
Dateline Resources raised approximately $1.1 million through recent warrant exercises.
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