DATELINE RESOURCES LIMITED — Capital/Financing Update 2022

Apr 26, 2022

ASX Release 27 April 2022XX January 2022

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DATELINE RESOURCES LIMITED

(ACN 149 105 65 3)3) ASX Code: DTR

REE Site Visit at Colosseum Confirms Possibility of Large Underlying Carbonatite Occurrence

Highlights

• Lab analysis confirms fenite outcrops within Colosseum claim boundary

• Multiple mantle derived rock outcrops observed over 1.6km

CAPITAL STRUCTURE

Share Price ( 2617 /0 41 /22) $0. 077 125 Shares on issue 4 4338 million Market Ca p p $ 55 4mil ion33 . 7 mi l lion

• Possibility of large underlying carbonatite occurrence

• Follow up program of detailed structural mapping, sampling, and petrography underway

MAJOR SHAREHOLDE RSRS

Dateline Resources Limited (ASX: DTR) ( Dateline or the Company ) is pleased to announce the Company’s REE and carbonatite experts, Dr Anthony N. Mariano, PhD. and Mr Anthony Mariano Jr, have reported their findings of the February 2022 field work to the Company.

The Mountain Pass REE mine is located ~10km south-east of the Colosseum mine. The Mountain Pass REE mine is the only operating REE mine in the USA. Messrs Mariano have been mapping, sampling and advising on REEs in the Mountain Pass area for over 50 years.

65 9 . 2 %

Commenting on the findings at Colosseum, Mr Mariano, said:

DIRECTORS & MANAGEMENT

Mark Johnson AO AO Chairman

Stephen Baghdadi Managing Direc tortor Greg Hal ll Non-Executive Director

Tony Fergus onon Non-Executive Director

Bill Lannen Non-Executive Director

Mark Ohlsson Company Secretary

CONTACT Mark Ohlsso nn Phone: +61 2 9375 23532353 Postal Address: P.O. Box 553 P.O. Box 553 South Hurstville NSW 2221 Email: info@ datelineresources.com.audatelineresources.com.au

“The presence of lithologies associated with mantle derived systems such as the Mountain Pass Alkaline-Carbonatite system have not only been confirmed to exist in the Colosseum claim area, but additional previously unknown outcrop occurrences have been found through this field investigation. The occurrence of multiple outcrops of these lithologies at a distance of almost a mile apart within the Colosseum claims suggest the possibility of a large underlying alkaline carbonatite occurrence”

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Figure 1. Looking north showing ~10km between Colosseum and Mountain Pass

Site Visit Observations

ASX Release 27 April 2022

The geological team visited a number of prospects and outcrops within the Colosseum claims during the site visit. Several of these locations were based on historical observations, whilst others were visited based on radiometric data and earlier site visits.

The geological team observed and noted several different rock types associated with the outcrops, including fenites and trachytes (Figure 2). Both rock types are lithologically related to carbonatite complexes and the Company’s REE experts believe the rocks are genetically related to the geological events that created the nearby Mountain Pass carbonatite complex.

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Figure 2. Outcrop of Trachyte dyke (COR-6). Trachyte is a mantle derived rock unit

Sampling and Analysis

Four samples were collected and submitted for laboratory analysis (ICP/MS). Lab results showed the relative lanthanide distribution of the rare earth elements for three of the five samples analysed to be similar to rocks associated with carbonatite complexes (i.e. no negative europium (Eu) anomaly). Two other samples showed a negative Eu anomaly as would be expected in crustal derived granitic gneisses.

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Figure 3. Lanthanide distribution from February 2022 samples. Distribution is from light (left) to heavy (right)

ASX Release 27 April 2022

Petrographic and Cathodoluminescence Analysis

As well as the ICP/MS analysis, the samples were also subject to petrographic and cathodoluminescence analysis (CL). The CL was particularly revealing in that it showed the brilliant red luminescence in the feldspars from Fe[3+] activation typical of fenites.

Figures 4 and 4a show CL micrographs of sample COR-8 and AMP 0-12 collected from within the Colosseum claim boundary. Figure 4b is a CL micrograph of sample taken from the Mountain REE mine

All three samples show similar brilliant red luminescence in the feldspars that are typical of fenites.

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Figure 4. CL micrograph of fenite in COR-8 collected in February 2022 Figure 4a: CL micrograph of fenite in AMP 0-12 collected in the 1970’s

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Figure 4b CL micrograph of fenite taken from the Mountain Pass Rare Earth Mine in the 1970’s

ASX Release 27 April 2022

Summary and Next Steps

The findings from this site visit are encouraging for the following reasons:

• The presence of lithologies associated with mantle derived systems such as the Mountain Pass Alkaline-Carbonatite system have not only been confirmed to exist in the Colosseum claim area, but additional previously unknown outcrop occurrences have been found through this field investigation.

• Several analytical techniques used in evaluation of the samples provide data confirming the nature of these rock types.

• The occurrence of multiple outcrops of these lithologies at a distance of almost a mile apart within the Colosseum claims suggest the possibility of a large underlying alkaline carbonatite occurrence.

• Future work to map the Colosseum claim area for the presence of these lithologies and investigate the possibility of structural controls related to their emplacement is warranted.

The Company intends to complete a detailed mapping program across all the claims in Q2 2022, before planning a drilling program.

This announcement has been authorised for release on ASX by the Company's Board of Directors.

For more information, please contact:

Stephen Baghdadi Andrew Rowell Managing Director White Noise Communications +61 2 9375 2353 +61 400 466 226 www.datelineresources.com.au andrew@whitenoisecomms.com

Follow Dateline on Twitter: https://twitter.com/Dateline_DTR

Competent Person Statement

Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in North America. The Company owns 100% of the Gold Links and Green Mountain Projects in Colorado, USA and 100% of the Colosseum Gold Mine in California.

The Gold Links Gold Mine is a historic high-grade gold mining project where over 150,000 ounces of gold was mined from high-grade veins. Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project. The Company aims to delineate sufficient Mineral Resources to commence a small high-grade, low-cost operation by the end of 2021.

The Company owns the Lucky Strike gold mill, located 50km from the Gold Links mine, within the Green Mountain Project. It is proposed that ore from Gold Links would be transported to Lucky Strike for processing.

The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California and produced approximately 344,000 ounces of gold (see ASX release 15 March 2021). Significant potential remains for extension to mineralization at depth.

ASX Release 27 April 2022

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary
Sampling	• Nature and quality of sampling (eg cut	• All samples followed a strict Chain of Custody.
techniques	channels, random chips, or specific specialised	• Sampling practice is appropriate to the geology
	industry standard measurement tools	and mineralization of the deposit and complies
	appropriate to the minerals under investigation,	with industry best practice.
	such as down hole gamma sondes, or handheld
	XRF instruments, etc). These examples should
	not be taken as limiting the broad meaning of
	sampling.
	• Include reference to measures taken to ensure
	sample representivity and the appropriate
	calibration of any measurement tools or systems
	used.
	• Aspects of the determination of mineralisation
	that are Material to the Public Report.
	• In cases where ‘industry standard’ work has
	been done this would be relatively simple (eg
	‘reverse circulation drilling was used to obtain 1
	m samples from which 3 kg was pulverised to
	produce a 30 g charge for fire assay’). In other
	cases more explanation may be required, such
	as where there is coarse gold that has inherent
	sampling problems. Unusual commodities or
	mineralisation types (eg submarine nodules)
	may warrant disclosure of detailed information.
Drilling	• Drill type (eg core, reverse circulation, open-
techniques	hole hammer, rotary air blast, auger, Bangka,
	sonic, etc) and details (eg core diameter, triple
	or standard tube, depth of diamond tails, face-
	sampling bit or other type, whether core is
	oriented and if so, by what method, etc).
Drill sample	• Method of recording and assessing core and
recovery	chip sample recoveries and results assessed.
	• Measures taken to maximise sample
	recovery and ensure representative
	nature of the samples.
	• Whether a relationship exists between
	sample recovery and grade and whether
	sample bias may have occurred due to
	preferential loss/gain of fine/coarse material.
Logging	• Whether core and chip samples have been
	geologically and geotechnically logged to a
	level of detail to support appropriate
	Mineral Resource estimation, mining
	studies and metallurgical studies.
	• Whether logging is qualitative or
	quantitative in nature. Core (or costean,
	channel, etc) photography.

ASX Release 27 April 2022

Criteria		JORC Code explanation	Commentary
		• The total length and percentage of the relevant
		intersections logged.
Sub-sampling		• If core, whether cut or sawn and whether	• Rock samples sent to Activation
techniques and		quarter, half or all core taken.	Laboratories were dried and weighed.
sample		• If non-core, whether riffled, tube	Sample size assessment was not conducted.
preparation		sampled, rotary split, etc and whether
		sampled wet or dry.
		• For all sample types, the nature, quality
		and appropriateness of the sample
		preparation technique.
		• Quality control procedures adopted for all
		sub-sampling stages to maximise
		representivity of samples.
		• Measures taken to ensure that the sampling is
		representative of the in situ material collected,
		including for instance results for field
		duplicate/second-half sampling.
		• Whether sample sizes are appropriate to the grain
		size of the material being sampled.
Quality of		• The nature, quality and appropriateness of the	• Samples were assayed by industry standard
assay data		assaying and laboratory procedures used and	methods by Activation Laboratories,
and		whether the technique is considered partial or	Ancaster, Ontario.
laboratory		total.
tests		• For geophysical tools, spectrometers, handheld
		XRF instruments, etc, the parameters used in
		determining the analysis including instrument
		make and model, reading times, calibrations
		factors applied and their derivation, etc.
		• Nature of quality control procedures adopted (eg
		standards, blanks, duplicates, external laboratory
		checks) and whether acceptable levels of
		accuracy (ie lack of bias) and precision have been
		established.
Verification	of	• The verification of significant intersections by	• Sampling, documentation and sample submittal
sampling	and	either independent or alternative company	were under the guidance and care of Anthony
assaying		personnel.	Mariano and Anthony N. Mariano, PhD.
		• The use of twinned holes.
		• Documentation of primary data, data
		entry procedures, data verification,
		data storage (physical and electronic)
		protocols.
		• Discuss any adjustment to assay data.
Location of		• Accuracy and quality of surveys used to locate drill	• All sample locations were located using GPS
data points		holes (collar and down-hole surveys), trenches,	equipment.
		mine workings and other locations used in Mineral
		Resource estimation.
		• Specification of the grid system used.
		• Quality and adequacy of topographic control.
Data spacing		• Data spacing for reporting of Exploration Results.	• No sample compositing has been applied.
and distribution		• Whether the data spacing and distribution is
		sufficient to establish the degree of geological
		and grade continuity appropriate for the Mineral
		Resource and Ore Reserve estimation
		procedure(s) and classifications applied.

ASX Release 27 April 2022

Criteria	JORC Code explanation	Commentary
	• Whether sample compositing has been applied.
Orientation of	• Whether the orientation of sampling achieves
data in relation	unbiased sampling of possible structures and the
to geological	extent to which this is known, considering the
structure	deposit type.
	• If the relationship between the drilling
	orientation and the orientation of key
	mineralised structures is considered to have
	introduced a sampling bias, this should be
	assessed and reported if material.
Sample	• The measures taken to ensure sample security.	• All samples were taken and maintained under
security		the constant care of Anthony Mariano and
		Anthony N. Mariano, PhD. Samples were
		delivered to the laboratory via US Postal
		Service.
Audits or	• The results of any audits or reviews of sampling
reviews	techniques and data.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number, location and	• All tenements are 100% owned by Dateline
tenement and	ownership including agreements or material	Resources Limited or a wholly owned subsidiary
land tenure	issues with third parties such as joint ventures,	and there exist production-based royalties as
status	partnerships, overriding royalties, native title	previously disclosed to ASX.
	interests, historical sites, wilderness or national
	park and environmental settings.
	• The security of the tenure held at the time of
	reporting along with any known impediments
	to obtaining a licence to operate in the area.
Exploration done	• Acknowledgment and appraisal of exploration by
by other parties	other parties.
Geology	• Deposit type, geological setting and style of	• The Colosseum gold mine is a breccia pipe
	mineralisation.	related gold mineral system within the Walker
		Lane mineral district. The breccia is developed as
		Jurassic felsic magmas were being emplaced into
		Proterozoic granite gneiss beneath Palaeozoic
		sedimentary rocks.
		• The breccia includes clasts of Palaeozoic
		sedimentary rocks and Jurassic rhyolite porphyry
		as well as Proterozoic gneiss.
		Gold mineralisation is associated with pyrite and
		minor base metal sulphides occupying the matrix
		of the breccia and in ring fractures surrounding
		the breccia pipe

ASX Release 27 April 2022

Criteria	JORC Code explanation	Commentary
Drill hole	• A summary of all information material to the
Information	understanding of the exploration results
	including a tabulation of the following
	information for all Material drill holes:
	o easting and northing of the drill hole collar
	o elevation or RL (Reduced Level – elevation
	above sea level in metres) of the drill hole
	collar
	o dip and azimuth of the hole
	o down hole length and interception depth
	o hole length.
	• If the exclusion of this information is justified on
	the basis that the information is not Material and
	this exclusion does not detract from
	the understanding of the report, the Competent
	Person should clearly explain why this is the case.
Data	• In reporting Exploration Results, weighting
aggregation	averaging techniques, maximum and/or
methods	minimum grade truncations (eg cutting of high
	grades) and cut-off grades are usually Material
	and should be stated.
	• Where aggregate intercepts incorporate short
	lengths of high grade results and longer lengths
	of low grade results, the procedure used for such
	aggregation should be stated and some typical
	examples of such aggregations should be shown
	in detail.
	• The assumptions used for any reporting of
	metal equivalent values should be clearly
	stated.
Relationship	• These relationships are particularly
between	important in the reporting of Exploration
mineralisation	Results.
widths and	• If the geometry of the mineralisation with
intercept lengths	respect to the drill hole angle is known, its
	nature should be reported.
	• If it is not known and only the down hole lengths
	are reported, there should be a clear statement
	to this effect (eg ‘down hole length, true width
	not known’).
Diagrams	• Appropriate maps and sections (with scales)	• Supporting figures have been included within
	and tabulations of intercepts should be	the body of this release.
	included for any significant discovery being
	reported These should include, but not be
	limited to a plan view of drill hole collar
	locations and appropriate sectional views.
Balanced	• Where comprehensive reporting of all
reporting	Exploration Results is not practicable,
	representative reporting of both low and high
	grades and/or widths should be practiced to
	avoid misleading reporting of
	Exploration Results.
Other	• Other exploration data, if meaningful and	.
substantive	material, should be reported including (but not
exploration	limited to): geological observations; geophysical
data	survey results; geochemical survey results; bulk
	samples – size and method of treatment;
	metallurgical test results; bulk density,

ASX Release 27 April 2022

Criteria	JORC Code explanation	Commentary
	groundwater, geotechnical and rock
	characteristics; potential deleterious or
	contaminating substances.
Further work	• The nature and scale of planned further	• Petrographic examination of the altered linear
	work (eg tests for lateral extensions or depth	zone will be combined with further field mapping
	extensions or large-scale step-out drilling).	of the claim area to identify any other zones of
	• Diagrams clearly highlighting the areas of	fenitisation.
	possible extensions, including the main geological
	interpretations and future drilling areas, provided
	this information is not commercially sensitive.