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7 stories mentioning ASX:DTR

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Asia

Dateline Resources Names Construction Manager For California Gold Mine Development

Dateline Resources (ASX:DTR) said Alvarez & Marsal was named as the construction manager and integrated owners-team for the Colosseum gold mine development in California, according to a Friday Australian bourse filing.The scope of the engagement includes mobilization and alignment; contracting, commercial support, and project controls; owner-side construction management and integration; HSEC, quality, completion, and readiness for operations; and governance and advisory support.The consultant will also work with Dateline's Front-End Engineering and Design team, including delivering fit-for-purpose contracts for the delivery of the processing plant via an engineering, procurement, construction plus management model, as well as taking initial engagement with established local mining contractors.

ASX:DTR
Asia

Dateline Resources Appoints GenCap Mining Advisory to Lead California Gold Project Financing

Dateline Resources (ASX:DTR) has appointed Vancouver-based GenCap Mining Advisory to lead the financing process for its Colosseum gold project in California, according to a Tuesday Australian bourse filing.The company said GenCap was mandated to manage the existing financing process and identify additional suitable financiers, with the data room opened to several globally recognized financiers and indicative financing terms under consideration.Given the extensive amount of information recently prepared for the bankable feasibility study (BFS), the company said the due diligence process is expected to be sped up and proposals reviewed quickly, the filing added.

ASX:DTR
Asia

Dateline Resources Found Broad Zones of Mineralization Beyond Mineral Resource at California Project

Dateline Resources (ASX:DTR) found broad zones of mineralization outside the mineral resource during drill testing of the northeast extension at the North Pit within the Colosseum project in California, according to a Friday filing with the Australian bourse.Results include 287 meters at 1.1 grams per tonne (g/t) grade of gold, including nearly 18 meters at 6.1 g/t grade of gold from 19 meters, 214 meters at 1.1 g/t grade of gold, including 88 meters at 1.6 g/t grade of gold from 12 meters, the filing said.Two rigs are focusing on rare earth mineralization through an expanded 18-hole program, with a third rig being recommissioned to simultaneously test for gold extensions, per the filing.

ASX:DTR
Asia

Update: Dateline Resources Reports Pre-Tax NPV of $785 Million for California Project in Bankable Feasibility Study; Shares Down 16%

(Updates to add stock movement in the headline and the last paragraph)Dateline Resources (ASX:DTR) said its bankable feasibility study (BFS) for its Colosseum gold and rare earth element project in California has returned a pre-tax net present value (NPV) of $785 million at a 5% discount rate and a pre-tax internal rate of return (IRR) of 49.5%, according to a Monday Australian bourse filing.The company said undiscounted pre-tax free cash flow is $1.08 billion, rising to $1.36 billion at spot prices, with start-up capital of $249 million, including $16 million in capitalized mining costs, plus a $25 million contingency.The project has a 10.4-year mine life producing 573,000 ounces of gold in total, with average annual gold production of 75,000 ounces over the first six years and peak gold sales of 102,000 ounces in year six, at an all-in sustaining cost (AISC) of $1,825 per ounce, the filing added.The project has a low 3:1 strip ratio supporting lower operating costs, with 55,000 ounces of inferred mineral resources within the pit shell not included in the ore reserve, with the additional underground potential in the northeast of the North Pit open at depth and subject to ongoing drilling, the filing added.The company's shares fell almost 16% in recent Monday trade.

ASX:DTR
Asia

Dateline Resources Reports Pre-Tax NPV of $785 Million for California Project in Bankable Feasibility Study

Dateline Resources (ASX:DTR) said its bankable feasibility study (BFS) for its Colosseum gold and rare earth element project in California has returned a pre-tax net present value (NPV) of $785 million at a 5% discount rate and a pre-tax internal rate of return (IRR) of 49.5%, according to a Monday Australian bourse filing.The company said undiscounted pre-tax free cash flow is $1.08 billion, rising to $1.36 billion at spot prices, with start-up capital of $249 million, including $16 million in capitalized mining costs, plus a $25 million contingency.The project has a 10.4-year mine life producing 573,000 ounces of gold in total, with average annual gold production of 75,000 ounces over the first six years and peak gold sales of 102,000 ounces in year six, at an all-in sustaining cost (AISC) of $1,825 per ounce, the filing added.The project has a low 3:1 strip ratio supporting lower operating costs, with 55,000 ounces of inferred mineral resources within the pit shell not included in the ore reserve, with the additional underground potential in the northeast of the North Pit open at depth and subject to ongoing drilling, the filing added.

ASX:DTR
Asia

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

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.

ASX:DTR
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.Zip (ASX:ZIP): 41 million sharesArafura Rare Earths (ASX:ARU): 39.5 million sharesCore Lithium (ASX:CXO): 37.2 million sharesDateline Resources (ASX:DTR): 32.9 million sharesTabcorp Holdings (ASX:TAH): 15.2 million shares

ASX 200ASX:ARUASX:CXOASX:DTRASX:TAHASX:ZIP