Dateline Resources Reports AU$96 Million Cash at Hand, Advances US Project BFS

MT Newswires Live

Apr 30

Dateline Resources (ASX:DTR) completed a AU$50 million placement after the end of the March quarter, taking cash at hand, before costs, to AU$96 million to advance pre-construction activities at the Colosseum project in the US, according to a Thursday Australian bourse filing.

The company said that the June quarter will see the release of the Colosseum gold bankable feasibility study and the rapid transition to project financing and planned construction, while exploration drilling will continue on the rare earths and gold targets at Colosseum with multiple rigs operating around the clock.

At Music Valley, the geophysical interpretation will be used to guide the next phase of ground exploration, the filing added.

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