DATELINE RESOURCES LIMITED — AGM Information 2014

Nov 20, 2014

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DATELINE RESOURCES LIMITED

ABN : 63 149 105 653

Address to Annual General Meeting Friday, 21 November, 2014

Mark Johnson : Chairman

Introduction

It is stating the obvious to observe that financial conditions for pre-development base metal exploration companies like Dateline are extremely difficult. This outlook is unlikely to change until there is a more positive outlook for copper and zinc prices.

And when might this be? The best guess about the future has got to be, not soon. World growth prospects are subdued, Japan is in recession and China’s growth targets are being downgraded by many observers.

Our response to this situation has two key elements. The first is to recognize and adapt to the difficult conditions – to cut costs and expenses to the bare minimum, so we can remain in business to husband the company’s assets. Over time, we want to be able to find low cost ways of realizing value.

The second element of response is to look for opportunities that may be exposed by these difficult conditions. We have to do this on a low cost basis, but we think there are prospects for locating and obtaining valuable opportunities in our sector. But we recognize these opportunities need to be really good if the market is to give them any support.

This is what we have been doing. The timing of this meeting means that I can give you quite a lot of information about our existing assets and what we have done to cut costs, but, unfortunately, not a lot of information on the other opportunities. We are quite advanced in negotiating what we think is likely to be an attractive opportunity, but formalities are not complete and it could fail. The timing and uncertainties mean, regrettably, that I can give you no information of any consequence, other than we expect to be able to report on whether we have anything or not within a month.

I will now turn to activities in Fiji.

Dateline Resources Ltd

2014 AGM Chairman’s Address

Page 1 of 4

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Udu Project

At the Company’s last Annual General Meeting, we described Dateline’s strategy and work program for the Udu Project and its two key objectives:

1. To identify and drill test targets within the vicinity of the historic Udu mine with the aim of establishing a sufficient resource base to justify a pre-feasibility study on a medium sized project, and

2. To build on the company’s regional geological database and assess the extent of the porphyry copper systems which appear to underlie the shallower VMS/epithermal mineralisation.

During the year, the company completed additional processing of the new 3DIP dataset, aiming to further enhance target definition, and in conjunction with a combined interpretation of the company’s other geophysical, geochemical and geological datasets, to define and prioritise regional targets for further work.

A number of shallow targets with affinities to the mineralisation VMS/epithermal at the Udu Mine were identified.

The company also completed 753m of drilling in 7 holes to test extensions to the inferred resource indicated by initial processing of the 3DIP data. Drilling returned a number of shallow, high grade copper intercepts which confirmed continuity of polymetallic mineralisation down dip and confirmed the mineralisation is open down dip to the south.

The final interpretation of the 3DIP data defined four high priority VMS/epithermal targets, all within 4km of the existing resource. In addition the geophysics suggests some upside to the existing resource, and has defined a highly chargeable target beneath the current resource. The survey also defined a “classic porphyry copper target” at Nagasauva, 3km to the south of the JORC resource at a depth of at least 600m.

Shallow targets within 100m of surface were identified. The highest priority targets are all associated with copper in soil geochemical anomalies. Deeper targets have also been identified, but will require mobilisation of a drilling contractor with larger equipment to site.

Dateline Resources Ltd

2014 AGM Chairman’s Address

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Two additional regional targets with similarities to the Nagasauva porphyry target were identified within the companies’ tenements. One of these targets is located within tenement SPL1494 and is associated with the anomalously mineralised porphyry float collected during the companies’ 2013 regional work programmes.

The company also completed additional processing of the regional aero-magnetics data in order to identify additional porphyry copper exploration targets with similar magnetic properties to the Nagasauva exploration target.

Targets with affinities to the Nagasauva Porphyry Copper exploration area were identified both within and adjacent to the company’s current tenure. This prompted applications to be made for two areas totaling 8,868 hectares to the east and west of the current tenements.

Data and information on these prospects and a conceptual framework for low cost exploration has been further evaluated and developed. The company is now in a position to provide potential joint venture partners with access to a considerable data base.

Other Projects

As mentioned earlier, the Dateline board believes that the difficult times in the exploration industry can yield interesting opportunities. Opportunities in gold and base metals outside Fiji could dilute the single project risk and, if obtained on acceptable terms, could be in the interests of Dateline’s shareholders.

Over the last several months, considerable effort has gone into the development of other opportunities. At the present time negotiations are in progress over what we regard as very attractive properties. We will report further as soon as the outcome of negotiations is conclusive, one way or the other.

Dateline Resources Ltd

2014 AGM Chairman’s Address

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Corporate

Due to soft market conditions for junior exploration companies, the company has instituted stringent budgetary restraints across all activities. These will remain in place for the foreseeable future.

On July 4 2014, Dateline announced a share placement of 15,000,000 shares to Southern Cross Exploration (SXX), and when completed, will have raised $600,000. The proceeds will be used for working capital purposes and to support the very restricted strategy described earlier.

Stephen Baghdadi, of SXX, joined the Dateline board on 3 July 2014 and was appointed as Executive Director of DTR on 15 October 2014 when I relinquished my responsibilities as Executive Chairman. Since that time Steve has been working extremely hard, implementing the new operating regime for Fiji and in seeking new opportunities for DTR shareholders.

On 18 August 2014 Steve Gemell, a long-time director of DTR and one of Australia’s distinguished mining engineers, resigned from the board. We all want to thank Steve for his long term interest in the Udu project and for his contribution to the board.

We think staying power is important. We have interesting assets at Udu. These should be of interest to larger industry companies, but these companies are not under any pressure to move fast at the moment. We also have an active search for other assets. Staying in business to develop these opportunities is our prime objective for the immediate future.

Mark Johnson

Chairman

21 November 2014

Dateline Resources Ltd

2014 AGM Chairman’s Address

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