AI assistant
DATELINE RESOURCES LIMITED — Capital/Financing Update 2024
Mar 19, 2024
64793_rns_2024-03-19_4e65e133-c7b9-4ff6-a2bc-4da87c2ce5b5.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Release
DATELINE RESOURCES LIMITED
(ACN 149 105 653) ASX Code: DTR
CAPITAL STRUCTURE Share Price (19/03/24) $0.016
$23.24 million
MAJOR SHAREHOLDERS
DIRECTORS & MANAGEMENT
Mark Johnson AO Chairman
Stephen Baghdadi Managing Director Greg Hall Non-Executive Director
Tony Ferguson Non-Executive Director
Bill Lannen Non-Executive Director
John Smith Company Secretary
CONTACT
John Smith Phone: +61 2 9375 2353 Postal Address: Level 29, 2 Chifley Square Sydney NSW 2000 Email: [email protected]
==> picture [72 x 67] intentionally omitted <==
USGS confirm Mountain Pass and Colosseum zircons are “indistinguishable”.
Highlights
-
USGS has undertaken zircon aging analysis for Colosseum and Mountain Pass
-
The REE concentrations and chondrite-normalised spectra for the “Colosseum zircons are indistinguishable from the Mountain Pass zircons”.
-
The error-weighted mean age for the Colosseum zircons is 1,453±44Ma compared to Mountain Pass (ca 1,390-1,440Ma), demonstrating overlap.
-
The Colosseum zircons have much lower U and Th (~20-50 ppm each) than Mountain Pass zircons (~100-800 ppm U, ~100-1,400 ppm Th)
Dateline Resources Limited ( Dateline or the Company ) is pleased to provide an update to rare earth studies being undertaken at the Colosseum Project in California. The studies follow on from previous mapping and sampling studies by the Company’s rare earth experts,Anthony Mariano PhD and Tony Mariano Jnr[1] (Marianos) as well as geophysical modelling undertaken in late 2023[2] .
In October 2022, geologists from the United States Geologial Survey ( USGS ) and Dateline’s own REE specialist Mr. Tony Mariano, visited Colosseum and collected samples, including those from a shonkinite dyke within the Colosseum mine area.
The USGS (United States Geological Survey) is a science bureau within the United States Department of the Interior with a budget of US$1.8 billion for 2024.
Samples from previously identified outcrops of fenitized dikes were collected by USGS geologists for further analysis.
Using the available zircons in the samples collected, age dating was performed to obtain geochronological data. Using a SHRIMP-RG ion microprobe[3] , the USGS researchers concluded that REE concentrations and chondrite-normalised spectra for the Colosseum zircons are indistinguishable from the Mountain Pass Rare Earth mine zircons located 10km from Colosseum. This concurs with findings from the Marianos that the outcrops are genetically related and from the same period.
Commenting on the study, Managing Director, Stephen Baghdadi, stated:
“The study by the USGS continues to add weight to the evidence that Colosseum has the potential to host a significant rare earth system with low uranium and thorium content. We have the right geology, the right timing and are in a known and proven rare earth district.”
“Whilst Dateline could have undertaken the age dating work on its own, its reassuring to have these results come from an independent US Federal agency.”
“The immediate focus is on drilling the gold deposit at Colosseum ahead of mine planning for underground mining and a mineral resource update, however we continue to progress planning and studies on the rare earth potential.”
1 ASX Announcement 3 August 2022 – Colosseum rare earths field investigations
2 ASX Announcement 20 October 2023 – Colosseum Rare Earths – Reprocessed data identifies several continuous high-density drill targets
3 Geological Society of America Abstracts with Programs, Vol 56, No. 4 2024
==> picture [569 x 51] intentionally omitted <==
----- Start of picture text -----
ASX Release 20 March 2024
----- End of picture text -----
==> picture [529 x 406] intentionally omitted <==
Figure 1: Colosseum open pits. Red dots are the location of the identified fenite samples collected for analysis.
As reported in ASX announcement on February 13, 2024, in addition to the 70.1metres @ 6.53g/t Au intersected within the breccia pipe, the company intersected 1.5 metres @ 31.3g/t Au in the granite near the end of drill hole CM23-14.
Geochemistry study[4] of all the samples from drill hole CM23-14 was undertaken in an effort to determine if there are pathfinder elements that could be used to better target drilling for gold. The outcome of the geochemistry study was succesful and was reported on March 12, 2024. The geochemsitry analysis did not include the full suite of REE elements, however the geochemistry study of hole CM23-14 highlighted that there were elevated REE elements associated with the granite intersected near the end of the drill hole.
The following table shows the totals for the REE elements that were analysed, within the gold bearing breccia pipe, and separately within the granites at the end of drill hole CM23-14. Further analysis, including analysis for additional rare earth elements will be undertaken over the coming weeks.
| Description | Cerium(PPM) | Lanthanum(PPM) | Yttrium(PPM) | Total(PPM) |
|---|---|---|---|---|
| In Breccia Pipe | 47.77 | 22.45 | 15.57 | 85.79 |
| In Granite | 320.8 | 154.75 | 21.96 | 497.51 |
| % Increase | 671.58% | 689.17% | 141.02% | 579.88% |
4 ASX Announcement 12 March 2024 – Gold drilling program expanded at Colosseum with second drill rig
ASX Release 20 March 2024
USGS Abstract Summary – Technical Findings
Zircon Geochronology and Geochemistry Insights into A Shonkinite Dyke in the Colosseum Mine Area, Southeastern Mojave Desert, Ca
Geological Society of America Abstracts with Programs. Vol. 56, No. 4, 2024. doi: 10.1130/abs/2024CD-399680
Colosseum contains gold deposits hosted in Cretaceous rhyolite breccia pipes, which are much younger than the Mesoproterozoic (ca. 1.4 Ga) alkaline and carbonatite intrusions at the Mountain Pass REE mine.
Shonkinite dykes at Colosseum are mostly aphyric, but analysis of zircon from one sparsely porphyritic dyke enables a preliminary comparison to Mountain Pass zircons. High-spatial resolution (25 micron spot size) zircon data were collected with a SHRIMP-RG ion microprobe.
Due to the very low uranium concentrations (20-45 ppm), zircon U-Pb ages have relatively large errors. Based on 11 concordant analyses and excluding 14 other analyses based on discordance or very high (>100 Myr) single spot age errors, the error-weighted mean[207] Pb/[206] Pb age is 1,453 ± 44 Ma.
Within error, these ages overlap the older end of the known age range of zircons from the Mountain Pass mafic alkaline intrusions (ca. 1,390-1,440 Ma).
Three concordant, inherited Paleoproterozoic zircons were also documented in the Colosseum sample, with[207] Pb/[206] Pb ages of 1,623 ± 18 Ma, 1,643 ± 29 Ma, and 1,773 ± 30 Ma.
The inherited Paleoproterozoic zircons have much higher U (190-470 ppm), and a distinctly negative Eu anomaly in their chondrite-normalized REE spectra (0.1-0.3 ppm Eu), which is lacking in the primary Colosseum zircons (0.9-2.6 ppm Eu).
The REE concentrations and chondrite-normalized spectra for the Colosseum zircons are indistinguishable from the Mountain Pass zircons; however, the Colosseum zircons have much lower U and Th (~20-50 ppm each) than Mountain Pass zircons (~100-800 ppm U, ~100-1,400 ppm Th).
This announcement has been authorised for release on ASX by the Company’s Board of Directors.
For more information: Stephen Baghdadi Andrew Rowell Managing Director White Noise Communications +61 2 9375 2353 +61 400 466 226 www.datelineresources.com.au [email protected]
Follow Dateline on Twitter: https://twitter.com/Dateline_DTR
About Dateline Resources Limited
Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on mining and exploration in North America. The Company owns 100% of the Colosseum Gold-REE Project in California.
The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California. On July 6, 2022, the Company announced to the ASX that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 20.9Mt @ 1.2g/t Au for 813,000oz. Of the total Mineral Resource, 258koz @ 1.2g/t Au (32%) are classified as Measured, 322koz @ 1.2g/t Au (39%) as Indicated and 235koz @ 1.3g/t Au (29%) as Inferred.
The Colosseum is located less than 10km north of the Mountain Rare Earth mine. Work has commenced on identifying the source of the mantle derived rocks that are associated with carbonatites and are located at Colosseum.
ASX Release 20 March 2024
Forward-Looking Statements
This announcement may contain “forward-looking statements” concerning Dateline Resources that are subject to risks and uncertainties. Generally, the words “will”, “may”, “should”, “continue”, “believes”, “expects”, “intends”, “anticipates” or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Dateline Resources’ ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behaviour of other market participants. Dateline Resources cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements. Dateline Resources assumes no obligation and does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.
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.
ASX Release 20 March 2024
JORC Code, 2012 Edition – Table 1 report template 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 | • As of 09/03/2024 the Colosseum Mine, Colosseum | |
| techniques | channels, random chips, or specific | Rare Metals, INC. has completed 712 metres of | |
| specialised industry standard | drilling in 3 drill holes from 2024. All of the | ||
| measurement tools appropriate to the | drilling was done from surface with a diamond | ||
| minerals under investigation, such as | drill core. Industry standard core handling and | ||
| down hole gamma sondes, or handheld | sampling procedures were employed to ensure | ||
| XRF instruments, etc). These examples | high quality samples. | ||
| should not be taken as limiting the broad | • Core sample boundaries were defined by changes | ||
| meaning of sampling. | in lithology, alteration, and mineralisation noted | ||
| • Include reference to measures taken to | in logging. | ||
| ensure sample representivity and | the | • Collar to toe assays were taken and sent to labs | |
| appropriate calibration of |
any | for analysis. | |
| measurement tools or systems used. | • Core was cut along the long axis leaving half for | ||
| • Aspects of the determination of | assay and half to be stored in cardboard core | ||
| mineralisation that are Material to the | boxes. | ||
| Public Report. | • Samples from drill holes were sent to ALS Global | ||
| • In cases where ‘industry standard’ work | and Paragon Geochemical in Reno, Nevada for | ||
| has been done this would be relatively | sample preparation and assay. Samples were | ||
| simple (eg ‘reverse circulation drilling was | dried, weighed, crushed and split to obtain 250 | ||
| used to obtain 1 m samples from which 3 | gm. Samples were placed in ring and puck grinder | ||
| kg was pulverised to produce a 30 g | to produce 85% minus 75-micron pulp. This | ||
| charge for fire assay’). In other cases more | material was blended on clean cloth and | ||
| explanation may be required, such as | packaged in paper pulp bags. Using a pulp | ||
| where there is coarse gold that has | balance, a 30-gm sample was weighted out for | ||
| inherent sampling problems. Unusual | traditional fire assay. Samples were analyzed | ||
| commodities or mineralisation types (eg | using standard fire assay for gold. Over limits | ||
| submarine nodules) may warrant | were analyzed via gravimetric analysis. | ||
| disclosure of detailed information. | • All samples followed a strict Chain of Custody. | ||
| • Routine QAQC samples were inserted in the | |||
| sample runs at a rate of 20%, comprising Certified | |||
| Reference Materials from CDN Resource | |||
| Laboratories Ltd., and verified blank granitic | |||
| material. | |||
| • Surface sampling of dump material was taken at | |||
| random surrounding the Colosseum pits to test | |||
| approximate grades of dumps. | |||
| • Sampling practice is appropriate to the geology | |||
| and mineralisation of the deposit and complies | |||
| with industry best practice. | |||
| Drilling | • Drill type (eg core, reverse circulation, | • The drilling program utilizes surface core drilling. | |
| techniques | open-hole hammer, rotary air blast, | • The core drilling is being conducted with an | |
| auger, Bangka, sonic, etc) and details (eg | Discovery drill rig with HQTT core tooling. Triple | ||
| core diameter, triple or standard tube, | tubes were used for the for all holes to increase | ||
| depth of diamond tails, face-sampling bit | recoveries. The drilling has been completed by an | ||
| or other type, whether core is oriented | experienced diamond drilling core driller. | ||
| and if so, by what method, etc). |
ASX Release 20 March 2024
| Criteria | JORC Code explanation | Commentary |
| Drill sample | • Method of recording and assessing core | • All drilling recoveries have been logged and |
| recovery | and chip sample recoveries and results | notated each run based on 3.05-meter |
| assessed. | tooling. | |
| • Measures taken to maximise | • To maximize sample recoveries, use of triple | |
| sample recovery and ensure | tube and long chain polymer muds were | |
| representative nature of the | used to increase recovery. | |
| samples. | • There has been no analysis between sample | |
| • Whether a relationship exists between | recoveries and grade to date. | |
| 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 | • Core samples were geologically logged. Lithology, |
| been geologically and geotechnically | veining, alteration, mineralisation, and weathering | |
| logged to a level of detail to support | are recorded in the appropriate tables of the drill | |
| appropriate Mineral Resource | hole database. | |
| estimation, mining studies and | • Each core box was photographed dry and wet, | |
| metallurgical studies. | after logging of unit and structures were notated | |
| • Whether logging is qualitative or | on the core. | |
| quantitative in nature. Core (or | • Core was cut along the long axis using a diamond | |
| costean, channel, etc) photography. | saw, half-core was sampled, and half stored for | |
| • The total length and percentage of the | reference. | |
| relevant intersections logged. | • Geological logging of core samples is | |
| qualitative and quantitative in nature. | ||
| Sub-sampling | • If core, whether cut or sawn and | • All drill core samples were cut along the long axis. |
| techniques and | whether quarter, half or all core taken. | The left side when looking down hole was sampled. |
| sample | • If non-core, whether riffled, tube | Samples were placed in a heavy-duty poly sample |
| preparation | sampled, rotary split, etc and | bag. Each core sample placed in heavy duty poly |
| whether sampled wet or dry. | sample bag, noted interval width in sample book, | |
| • For all sample types, the nature, | with a sample tag with the corresponding sample | |
| quality and appropriateness of the | number placed in the bag with the other tag stapled | |
| sample preparation technique. | to the top of the bag. Sample bags were stapled | |
| • Quality control procedures adopted for | along the top. Samples were sent by freight to ALS | |
| all sub-sampling stages to maximise | Global, or Paragon Geochemical in Reno, Nevada. | |
| representivity of samples. | • Routine QAQC samples were inserted at a 20% rate | |
| • Measures taken to ensure that the sampling | into the sample batches and comprised Certified | |
| is representative of the in situ material | Reference Materials (CRMs) from CDN Resource | |
| collected, including for instance results for | Laboratories Ltd. and verified blank granitic | |
| field duplicate/second-half sampling. | material. | |
| • Whether sample sizes are appropriate to the | • Rock samples sent to ALS Laboratories and | |
| grain size of the material being sampled. | Paragon Geochemical were dried, weighed, | |
| crushed, and split, with a split pulverized to better | ||
| than 85% passing 75 microns. Samples were | ||
| analyzed for trace elements using 4-acid digestion. | ||
| Additionally, rocks samples were analyzed by | ||
| standard 30gm fire assay for gold and silver. | ||
| • Rock samples collected by the USGS were analysed | ||
| at the USGS laboratories in accordance with | ||
| accepted industry best standards. | ||
| • Sample size assessment was not conducted but | ||
| used sampling size which is typical for gold | ||
| deposits. |
ASX Release 20 March 2024
| Criteria | JORC Code explanation | Commentary |
| Quality of | • The nature, quality and appropriateness of | • Samples were assayed by industry standard |
| assay data | the assaying and laboratory procedures | methods by ALS Global Laboratories, and Paragon |
| and | used and whether the technique is | Geochemical, in Reno, Nevada. |
| laboratory | considered partial or total. | • Fire assays for gold were completed using |
| tests | • For geophysical tools, spectrometers, | industry standard fire assay methodology. |
| handheld XRF instruments, etc, the | • External certified standards and blank material | |
| parameters used in determining the analysis | were added to the sample submission. | |
| including instrument make and model, | • Rock samples collected by the USGS were analysed | |
| reading times, calibrations factors applied | at the USGS laboratories in accordance with | |
| and their derivation, etc. | accepted industry best standards. | |
| • 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 | • Sampling, documentation, and sample submittal |
| sampling and | intersections by either independent or | were under the guidance and care of Graham Craig, |
| assaying | alternative company personnel. | GIT (Association of Professional Engineers and |
| • The use of twinned holes. | Geoscientists of Manitoba). | |
| • Documentation of primary data, | • Drilling, sample, and assay data is currently | |
| data entry procedures, data | stored in MX Deposit, a secured data | |
| verification, data storage (physical | management system through Seequent. | |
| and electronic) protocols. | • Intercept lengths and grades calculated using | |
| • Discuss any adjustment to assay data. | approximately 1 g/t Au as the cutoff. | |
| • Rock samples collected by the USGS was in the | ||
| presence of experienced USGS geologists and | ||
| Consulting Mineral Exploration geologist, | ||
| Anthony Mariano | ||
| Location of | • Accuracy and quality of surveys used to locate | • All drill hole collars are surveyed using differential GPS |
| data points | drill holes (collar and down-hole surveys), | survey equipment. The positions are accurate to |
| trenches, mine workings and other locations | within 10 cm x-y and height (z) to +/- 20 cm. | |
| used in Mineral Resource estimation. | • The holes are surveyed in UTM WGS 84 | |
| • Specification of the grid system used. | coordinate system. | |
| • Quality and adequacy of topographic | • Down hole surveys will be done using a Reflex EZ- | |
| control. | TRAC magnetic downhole survey tool on all | |
| diamond drill holes. With collars surveyed using | ||
| Reflex TN-14 Azi-Aligner. | ||
| • Sample locations were surveyed using UTM WGS | ||
| 84 coordinate system. | ||
| • All samples collected by the USGS were located | ||
| using GPS equipment | ||
| Data spacing | • Data spacing for reporting of Exploration | • The spacing and location of data is currently 5-15 |
| and | Results. | meter spacing according to previous Mineral |
| distribution | • Whether the data spacing, and distribution | Resource estimation completed by Barbara |
| is sufficient to establish the degree of | Carroll, CPG (American Institute of Professional | |
| geological and grade continuity appropriate | Geologists) of GeoGRAFX Consulting, LLC. | |
| for the Mineral Resource and Ore Reserve | • No sample compositing has been applied at this time. | |
| estimation procedure(s) and classifications | ||
| applied. | ||
| • Whether sample compositing has been | ||
| applied. |
ASX Release 20 March 2024
| Criteria | JORC Code explanation | Commentary |
| Orientation of | • Whether the orientation of sampling | • Drill holes are planned to be drilled along strike due |
| data in | achieves unbiased sampling of possible | to limited areas available to drill from. Definition of |
| relation to | structures and the extent to which this is | structure location is the principal goal. |
| geological | known, considering the deposit type. | • Sample orientation is deemed to be |
| structure | • If the relationship between the drilling | representative for reporting purposes. |
| orientation and the orientation of key | • No bias is considered to have been introduced | |
| mineralised structures is considered to | by the existing sampling orientation. | |
| have introduced a sampling bias, this | ||
| should be assessed and reported if | ||
| material. | ||
| Sample | • The measures taken to ensure sample | • All samples were taken and maintained under |
| security | security. | the constant care of Colosseum Rare Metals, INC. |
| personnel or United States Geological Survey | ||
| (USGS) employees. Samples were delivered to | ||
| laboratories by a licensed transportation | ||
| company or transported by USGS employees for | ||
| analysis by USGS laboratory staff. | ||
| Audits or | • The results of any audits or reviews of | • Drill hole sampling techniques and QAQC |
| reviews | sampling techniques and data. | procedures have been developed and reviewed |
| by Dale Sketchley, M.Sc., P. Geo. of Acuity | ||
| Geoscience Ltd., Graham Craig, GIT. | ||
| • The QAQC program has demonstrated its ability | ||
| to catch errors. | ||
| • A QAQC review will be completed for this program. | ||
| • Mineral resource estimations and JORC 2022 | ||
| completed by Barbara Carroll, CPG. |
ASX Release 20 March 2024
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 | • The Colosseum Mine project is located in T17N | ||
| tenement and | ownership including agreements or | R13E Sec 10, 11, 14, 15, 22, 23 SB&M. | ||
| land tenure status |
material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. |
• All tenements are 100% owned by Dateline Resources Limited or a wholly owned subsidiary and there exist production-based royalties as previously disclosed to ASX. |
||
| • 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 | • Acknowledgment and appraisal of exploration | • Historical work has been completed by various | ||
| done by other | by other parties. | mining companies since 1972. | ||
| parties | Draco Mines (1972-1974) | |||
| Placer Amex (1975-1976) | ||||
| Draco Mines (1980) | ||||
| Amselco (1982-1984 | ||||
| Dallhold Resources/Bond Gold (1986-1989 | ||||
| Lac Minerals (1989-1994) | ||||
| • All the companies were reputable, well-known | ||||
| mining/exploration companies that followed the | ||||
| accepted industry standard protocols of the time. | ||||
| • Review of this work was completed by GeoGRAFX | ||||
| Consulting, LLC in 2022. | ||||
| • All previous work undertaken by others is non-JORC | ||||
| compliant. | ||||
| • The USGS collected samples for age dating analysis | ||||
| as disclosed in the body of this ASX release | ||||
| Geology | • Deposit type, geological setting and style of | • The Colosseum mine is hosted by Cretaceous aged | ||
| mineralisation. | breccia-pipe. The pipe contains aphanitic | |||
| Cretaceous rhyolite flows, Pre-Cambrian granitic | ||||
| basement material, and Cambrian-Devonian | ||||
| dolomite clasts replaced by sulphide | ||||
| mineralisation. | ||||
| • The gold mineralisation occurs in brecciated | ||||
| felsite and sediment clast replaced by sulphides. | ||||
| • The Argos mine is a flat, shallow-dipping | ||||
| sedimentary strontium deposit hosted in celestite. | ||||
| The celestite bed is overlain by various surface | ||||
| sediments with volcanics, primarily mafic | ||||
| volcanics, on the footwall. The mine was | ||||
| previously trenched along two trenches running | ||||
| approximately east to west at 1-3 metres in depth. | ||||
| There was one underground access mined | ||||
| historically that accessed from within the celestite | ||||
| layer to approximately 12 metres deep with | ||||
| limited east/west development at the bottom. |
ASX Release 20 March 2024
| Criteria | JORC Code explanation | Commentary | ||
| Drill hole | • A summary of all information material to the | • See Table 1 within this report for details of | ||
| Information | understanding of the exploration results | the drill holes and sample locations. | ||
| 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 | • Drill hole intersections are reported above a | ||
| aggregation | averaging techniques, maximum and/or | lower exploration cut-off grade of 0.1 g/T Au | ||
| methods | minimum grade truncations (eg cutting of | and no upper cut off grade has been applied. | ||
| 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 | • Drill holes are orientated along | ||
| between | important in the reporting of | apparent strike of the breccia pipe | ||
| mineralisation | Exploration Results. | due to limited drill pad locations. | ||
| widths and | • If the geometry of the mineralisation | • Interception angles of the | ||
| intercept | with respect to the drill hole angle is | mineralised structures are | ||
| lengths | known, its nature should be reported. | estimated using core drilling | ||
| • If it is not known and only the down hole | intercepts and existing 3D models | |||
| lengths are reported, there should be a clear | of the pipe orientation. | |||
| statement to this effect (eg ‘down hole length, | ||||
| true width not known’). | ||||
| Diagrams | • Appropriate maps and sections (with | • Supporting figures have been included within the | ||
| scales) and tabulations of intercepts should | body of this release. | |||
| be 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 | • Representative reporting of both low and high | ||
| reporting | Exploration Results is not practicable, | grades and/or widths have been reported. | ||
| representative reporting of both low and | ||||
| high grades and/or widths should be | ||||
| practiced avoiding misleading reporting of | ||||
| Exploration Results. |
ASX Release 20 March 2024
| Criteria | JORC Code explanation | Commentary | ||
| Other | • Other exploration data, if meaningful and | |||
| substantive | material, should be reported including (but not | |||
| exploration | limited to): geological observations; | |||
| data | geophysical survey results; geochemical survey | |||
| results; bulk samples – size and method of | ||||
| treatment; metallurgical test results; bulk | ||||
| density, groundwater, geotechnical and rock | ||||
| characteristics; potential deleterious or | ||||
| contaminating substances. | ||||
| Further work | • The nature and scale of planned further | • At Colosseum, future work will include expanded | ||
| work (eg tests for lateral extensions or | drilling between the North and South pits, | |||
| depth extensions or large-scale step-out | mapping, and sampling of open pit benches; as | |||
| drilling). | well as infill and expanded surface soil | |||
| • Diagrams clearly highlighting the areas of | geochemistry, geological mapping, and | |||
| possible extensions, including the main | geophysics. | |||
| geological interpretations and future drilling | ||||
| areas, provided this information is not | ||||
| commercially sensitive. |