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DATELINE RESOURCES LIMITED Capital/Financing Update 2026

Feb 11, 2026

64793_rns_2026-02-11_9bf17c26-4362-4049-bdf5-d4ed622458d4.pdf

Capital/Financing Update

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North Pipe at Colosseum

Highlights

  • Diamond hole CM25-41 returns 149.65m @ 1.39 g/t Au from surface, including 55.2m @ 2.83 g/t Au , confirming high-grade gold in the North Pipe northeast extension.

  • Results build on wide RC intercepts including RC25-035: 295.64m @ 1.04 g/t Au and RC25034: 297.17m @ 0.68 g/t Au reported previously, demonstrating continuity over hundreds of metres beyond the current mineral resource boundary.

  • Larger-capacity diamond core drill rigs mobilising to test the full extent of this northeast extension.

  • Objective is to evaluate potential to extend mine life beyond the ~8.5-year open-pit operation outlined in the May 2025 Scoping Study, including the opportunity for underground mining of high-grade zones.

Dateline Resources Limited (ASX: DTR, OTCQB: DTREF, FSE: YE1) ( Dateline or the Company ) is pleased to report results from diamond core hole CM25-41 at its 100%-owned Colosseum Gold and Rare Earth Element ( REE ) Project in San Bernardino County, California. The hole was drilled in the northeast extension of the North Pipe breccia system, an area beyond the currently defined mineral resource boundary that has been progressively delineated through the Company's 2025 drilling program.

CM25-41 intersected 149.65 metres grading 1.39 g/t Au from surface to end-of-hole, including a highgrade zone of 55.2m @ 2.83 g/t Au from surface. The hole terminated in mineralisation with the final bottom-of-hole sample returning approximately 1 g/t Au, confirming the gold-bearing breccia pipe remains open at depth.

Dateline’s Managing Director, Stephen Baghdadi, commented:

“Colosseum continues to deliver positive results as we work systematically across the project. This latest drilling advances our geological understanding and reinforces the view that there is further value to be unlocked beyond those areas already defined. We are progressing the next phase of work in a disciplined way, with the objective of determining how these results can translate into longermine life options for the project.”

Colosseum Gold-REE Project* (100% DTR, California, USA) 27.1Mt @ 1.26g/t Au for 1.1Moz Au Over 67% in Measured & Indicated Mineralisation open at depth Bankable Feasibility Study underway Rare earths potential with geology similar to nearby Mountain Pass mine * ASX announcement 26 May 2025

circulation ( RC ) and diamond core holes ( DD ) drilled during 2025. The latest result from CM25-41 adds further confidence to gold grades within this emerging zone and supports the continuity of mineralisation along the northeast portion of the breccia system.

Key intercepts from the northeast extension drilling program reported to date include:

Hole From(m) To(m) Length(m) Au(g/t) Comments
CM25-41 0.0 149.65 149.65 1.39 NEW – This release
Incl. 0.0 55.2 55.2 2.83 High-grade core
RC25-035 0.0 295.64 295.64 1.04 Reported 12 Jan 2026
Incl. 38.10 2.04
RC25-037 0.0 105.15 105.15 1.24 Reported 12 Jan 2026
Incl. 53.34 1.45
RC25-039 0.0 205.73 205.73 0.88 Reported 12 Jan 2026
Incl. 21.33 1.81
RC25-036 0.0 300.21 300.21 0.66 Reported 12 Jan 2026
Incl. 32.00 1.24
RC25-034 0.0 297.17 297.17 0.68 Reported 12 Jan 2026
Incl.
33.53
1.25

Note: Intercepts reported above a lower cut-off grade of 0.1 g/t Au. No upper cut-off grade has been applied. All lengths are downhole lengths. Previously reported results sourced from ASX announcement dated 12 January 2026.

system. With the larger diamond drill rigs now mobilising, the Company intends to fully test the extent of this zone.

beyond the approximately eight and a half-year open-pit operation outlined in the May 2025 Scoping Study. Any additional resources delineated in this section could potentially prolong the mine life, with the opportunity for an underground mining phase to follow after open-pit mining is completed.

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Market Announcement
12 February 2026
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Figure 1: Plan view showing drillholes mentioned in this announcement as well as the orientation of the cross section shown in Figure 2.

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Market Announcement
12 February 2026
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Next Steps

To fully delineate the potential of the northeast extension, larger-capacity diamond core drill rigs will be used to:

  • Test the deeper portions of the North Pipe breccia system, beyond the ~300m depth reached,

  • Provide continuous core samples for detailed geological analysis,

  • Better delineate the geometry and orientation of the breccia pipe at depth and along strike, and,

  • Assist in the assessment of the Bankable Feasibility Study.

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Resource Expansion and Mine Life Context

The Colosseum Gold-REE Project currently hosts a JORC 2012-compliant Mineral Resource of 27.1Mt @ 1.26 g/t Au for 1.1Moz, of which over 67% is classified as Measured and Indicated. The May 2025 Scoping Study outlined an open-pit operation with an initial mine life of approximately 8.5 years, generating an IRR of 61% at a gold price of US$2,900/oz.

The northeast extension drilling results reported herein and in previous announcements demonstrate gold mineralisation extending beyond the current mineral resource boundary. The Company notes the intersected grades in the northeast extension area are higher than average mineral resource grade in several instances and the system remains open.

In particular, the presence of high-grade zones within the broader mineralised envelopes (for example, 55.2m @ 2.83 g/t Au within CM25-41) may present an opportunity for a follow-up underground mining phase to selectively extract higher-grade material after completion of open-pit operations, thereby potentially extending the productive life of the project.

The Company will continue to update the market as further results become available.

This ASX announcement has been authorised for release by the Board of Dateline Resources Limited.

For more information, please contact:

Stephen Baghdadi Andrew Rowell Managing Director Corporate & Investor Relations Manager +61 2 9375 2353 +61 400 466 226 www.datelineresources.com.au [email protected]

About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR, OTCQB: DTREF, FSE: YE1) is an Australian 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 6 June 2024, the Company announced to the ASX that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 27.1Mt @ 1.26g/t Au for 1.1Moz. Of the total Mineral Resource, 455koz @ 1.47/t Au (41%) are classified as Measured, 281koz @1.21g/t Au (26%) as Indicated and 364koz @ 1.10g/t Au (33%) as Inferred.

On 23 May 2025, Dateline announced that updated economics for the Colosseum Gold Project generated an NPV6.5 of US$550 million and an IRR of 61% using a gold price of US$2,900/oz.

Colosseum is located less than 10km north of the Mountain Pass Rare Earth mine. Mapping, geochemistry and geophysics has confirmed that Colosseum and Mountain Pass are genetically related and Dateline is testing the REE potential at depth at Colosseum with diamond drilling.

Dateline owns 100% of the high-grade Argos Strontium Project, also located in San Bernadino County, California. Argos is reportedly the largest strontium deposit in the U.S. with previous celestite production grading 95%+ SrSO4.

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Follow Dateline on socials:

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@Dateline_DTR @dateline_resources dateline-resources @dateline.resources

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 (CPIMM). Mr Hall has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify 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.

The Company confirms it is not aware of any new information or data that materially affects the information included in the announcements dated 23 October 2024 with regard to the Colosseum MRE and 23 May 2025 with regard to Colosseum Project Economics. Similarly, the Company confirms that all material assumptions and technical parameters underpinning the estimates and the forecast financial information referred to in those previous announcements continue to apply and have not materially changed.

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Appendix 1: Drill Collar Information

Hole ID Easting
(local grid,
feet)
Northing
(local grid,
feet)
Elevation
(RL, feet)
Total Depth
(m)
Azimuth
(True North)
Dip
CM25-41 10,819 22,351 5702 149.6 105.6 -60

Note: Collar coordinates are in local grid (feet). Full collar information including surveyed coordinates will be included in the updated Mineral Resource estimate. Hole was drilled at -60 degrees through the NE extension of the North breccia pipe.

Appendix 2: Drill Intercepts

Hole From To Length(m) Au(g/t) Comments
CM25-41 0.0 149.6 149.6 1.39
Incl.
0.0
55.2
55.2
2.83

Note: Intercepts reported above a lower cut-off grade of 0.1 g/t Au. No upper cut-off grade has been applied. All lengths are downhole lengths.

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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 • Diamond core (HQTT) was sampled by
techniques cut channels, random chips, or sawing core longitudinally with a diamond
specific specialised industry saw and submitting half-core. Sample
standard measurement tools lengths were determined by the geologist
appropriate to the minerals under based on geological boundaries, with a
investigation, such as down hole maximum length of 1.52m (5 feet). All core
gamma sondes, or handheld XRF was orientated where possible. RC drilling
instruments, etc). These examples was not applicable to this hole.
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 • CM25-41 was drilled using a Discovery
techniques circulation, open-hole hammer, International Discovery II diamond drill rig
rotary air blast, auger, Bangka, producing HQTT-sized core. The hole was
sonic, etc) and details (eg core drilled at -60 degrees to a depth of 149.65m.
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).

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Criteria
JORC Code explanation
Commentary
Drill sample
recovery
Method of recording and assessing
core and 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.
• Core recovery was measured for each run
and
recorded.
Core
recovery
in
the
mineralised zone was generally excellent
(>95%). No significant relationship between
recovery and grade has been identified.
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.
The total length and percentage of the
relevant intersections logged.
• All diamond core was geologically logged for
lithology,
mineralisation,
alteration,
structure and geotechnical parameters.
Logging was completed in sufficient detail to
support mineral resource estimation. Core
photography was completed for each tray.
Sub-sampling
techniques
and sample
preparation
If core, whether cut or sawn and
whether quarter, half or all core
taken.
If non-core, whether riffled,
tube 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.
• Half-core samples were submitted to ALS
Global and Paragon Geochemical in Reno,
Nevada.
Samples
were
prepared
using
standard crushing and pulverising procedures
to produce a nominal 75-micron pulp. Fire
assay with AAS finish was used for gold
determination on a 30g charge.

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Criteria
JORC Code explanation
Commentary
Quality of
assay data
and
laboratory
tests
The nature, quality and
appropriateness of the assaying and
laboratory procedures used and
whether the technique is considered
partial or total.
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.
• ALS Global and Paragon Geochemical are
accredited
independent
commercial
laboratories. QAQC protocols include
insertion of certified reference materials
(CDN Resource Labs standards), field
blanks and duplicates at a rate of 10-20%
of total samples submitted. Results from
QAQC
monitoring
show
acceptable
accuracy and precision.
Verification of
sampling and
assaying
The verification of significant
intersections by either independent
or alternative company personnel.
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.
• Significant intersections have been verified by
the Competent Person. Check assaying
through alternative laboratories has been
undertaken on selected previous drillholes
with acceptable correlation.
Location of
data points
Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral
Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic
control.

Drill hole collar positions were surveyed using
DGPS with sub-metre accuracy. Downhole
surveys were conducted at regular intervals.
Topographic surface is derived from LiDAR
survey data.
Data spacing
and
distribution
Data spacing for reporting of Exploration
Results.
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.
Whether sample compositing has been
applied.

CM25-41 was drilled as an infill/extension
hole in the northeast sector of the North
breccia pipe. Drill spacing in this area ranges
from approximately 25m to 50m. Further
drilling is planned to achieve spacing suitable
for resource classification.

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Criteria
JORC Code explanation
Commentary
Orientation of
data in
relation to
geological
structure
Whether the orientation of sampling
achieves unbiased sampling of
possible structures and the extent to
which this is known, considering the
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.

The hole was drilled at -60 degrees through a
sub-vertical breccia pipe. Interception angles
are estimated to be near-perpendicular to the
pipe
margins
based
on
3D
geological
modelling. Downhole lengths are considered to
approximate true widths for this hole geometry.
Sample
security
The measures taken to ensure sample
security.

Core was transported from the drill site to a
secure logging facility on site. Cut core
samples were placed in sealed bags and
transported by Company personnel or
secured freight to the assay laboratory. Chain
of custody was maintained throughout.
Audits or
reviews
The results of any audits or reviews of
sampling techniques and data.

Sampling procedures and QAQC data are
reviewed by the Competent Person on an
ongoing basis. No material issues have been
identified.

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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, The Colosseum Gold-REE Project comprises
tenement and location and ownership including unpatented mining claims in San Bernardino
land tenure agreements or material issues with County, California, USA. The project is 100%
status third parties such as joint ventures, owned by Dateline Resources Limited
partnerships, overriding royalties, through its wholly-owned US subsidiary.
native title interests, historical sites, There are no known material issues with the
wilderness or national park and tenure.
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 Acknowledgment and appraisal of The
Colosseum
mine
was
previously
done by other exploration by other parties. operated as an open pit gold mine in the
parties 1990s.
Historical
drilling
by
previous
operators has informed the current Mineral
Resource model. The mine was previously
trenched
with
two
trenches
running
approximately east to west at 1-3 metres
depth.
One
underground
access
was
historically mined within the celestite layer to
approximately 12 metres deep.
Geology Deposit type, geological setting and style The Colosseum deposit is a Cretaceous-age
of mineralisation. breccia pipe hosted in carbonate rocks.
Mineralisation
consists
of
sulphide
replacement (predominantly pyrite and
arsenopyrite) in breccia pipe with felsite and
dolomite clasts. Gold is associated with
sulphide mineralisation throughout the
breccia pipe. The breccia pipe is sub-
vertical in orientation and extends to depth
beyond current drilling.
Drill hole A summary of all information material See Appendices 1 and 2 within this report for
Information to the understanding of the exploration details of the drill hole collar and sample
results including a tabulation of the locations. No information or results have
following information for all Material been excluded.
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

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Criteria
JORC Code explanation
Commentary
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
aggregation
methods
In reporting Exploration Results,
weighting averaging techniques,
maximum and/or 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.
• Drill hole intersections are reported above a
lower exploration cut-off grade of 0.1 g/t Au
and no upper cut-off grade has been applied.
Intercept lengths are calculated to include no
more than 3 consecutive samples less than
0.1 g/t Au. Length-weighted averaging has
been applied.
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are
particularly important in the
reporting of Exploration Results.
If the geometry of the
mineralisation with 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’).
• CM25-41 was drilled at -60 degrees through
a sub-vertical breccia pipe. Interception
angles of the mineralised structures are
estimated using core drilling intercepts and
existing 3D models of the pipe orientation.
Downhole lengths are considered to
approximate true widths for the reported
intercepts.
Diagrams
Appropriate maps and sections (with
scales) and tabulations of intercepts
should 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.
• Supporting figures have been included within
the body of this release showing plan views
and cross-sections.
Balanced
reporting
Where comprehensive reporting of
all Exploration Results is not
practicable, representative reporting
of both low and high grades and/or
• Representative reporting of both low and high
grades and widths has been included. The full
hole intercept and high-grade sub-interval
are both reported.

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Criteria
JORC Code explanation
Commentary
widths should be practiced avoiding
misleading reporting of
Exploration Results.
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including
(but not limited to): geological
observations; 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.
• Magneto-telluric (MT) resistivity survey data
has been completed over the project area and
shows spatial correlation between conductive
anomalies and gold mineralisation. Multi-
element analysis is being completed on
selected drill holes. Geotechnical mapping
has been completed in both North and South
Pits.
Downhole
televiewer
surveys
and
groundwater
level
testing
are
being
undertaken.
Further work
The nature and scale of planned
further work (eg tests for lateral
extensions or depth extensions or
large-scale step-out drilling).
Diagrams clearly highlighting the areas
of possible extensions, including the
main geological interpretations and
future drilling areas, provided this
information is not commercially
sensitive.
• At Colosseum, future work will include
expanded diamond core drilling within and
surrounding the North Pipe, targeting the
northeast extension at depth. An updated
Mineral Resource estimate is in preparation.
Additional
work
includes
geological
mapping, open pit bench sampling, and
further geophysical survey analysis.

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