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Dateline Resources Limited ( (AU:DTR) ) has issued an announcement.
Dateline Resources Limited has made significant progress in its Colosseum Gold-REE Project, with a Bankable Feasibility Study (BFS) underway and drilling activities in progress. The company has raised A$25 million to accelerate development and infrastructure works, and its inclusion in the S&P/ASX All Ordinaries Index highlights its growing market presence. The BFS aims to confirm the feasibility of open-pit mining, targeting an average production of 75,000 oz of gold per annum over 8.5 years. Key developments include the appointment of GR Engineering Services to manage the BFS, commencement of metallurgical testwork, and procurement of long lead items. The company’s strategic initiatives, including its Frankfurt Stock Exchange listing and transition to U.S. SEC reporting standards, are expected to enhance its visibility and accessibility to investors.
More about Dateline Resources Limited
Dateline Resources Limited is a company operating in the mining industry, focusing on gold and rare earth elements (REE) projects. It is primarily engaged in the exploration and development of its 100%-owned Colosseum Gold-REE Project in California, USA, and has recently increased its ownership of the Argos Strontium Project to 100%. The company is listed on the ASX, OTCQB, and Frankfurt Stock Exchange, and is working towards aligning with U.S. SEC reporting standards.
Average Trading Volume: 29,574,746
Technical Sentiment Signal: Buy
Current Market Cap: A$1.09B
Learn more about DTR stock on TipRanks’ Stock Analysis page.