Dateline Resources Starts Bankable Feasibility Study for California Project; Shares Reach Over Two-Year High

MT Newswires Live

05/23

Dateline Resources (ASX:DTR) started the bankable feasibility study for its Colosseum project in California, based on the October 2024 project definition study, according to a Friday filing with the Australian bourse.

The company adopted a long-term gold price forecast of $2,900 per ounce for the study, combining recent price performance with a consensus long-term outlook, the filing said.

The study is exploring potential gold price increases to boost production and value by lowering the cut-off grade, according to the filing.

Shares rose 4% in morning trade Friday, reaching their highest since December 2022.

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