Dateline Resources Advances Colosseum Gold Project with Promising Scoping Study

Dateline Resources Limited ( (AU:DTR) ) has shared an announcement.

Dateline Resources Limited has released a Scoping Study for its Colosseum Gold Project in California, indicating an estimated production of 635,000 ounces of gold over 8.4 years using open pit mining methods. With a projected net revenue of $398 million at a gold price of $2,200 per ounce, the project is advancing to the Project Selection Stage followed by a Bankable Feasibility Study. Additionally, potential revenue from waste material and tailings sands for the concrete industry could enhance project value and reduce environmental risks, highlighting opportunities for Dateline to strengthen its market position.

More about Dateline Resources Limited

Dateline Resources Limited is a company in the mining industry, focusing on gold and rare earth elements. Their primary project is the Colosseum Gold-REE Project in California, which is similar geologically to the nearby Mountain Pass mine.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$7.55M

Learn more about DTR stock on TipRanks’ Stock Analysis page.