AI assistant
DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2015
Oct 29, 2014
64793_rns_2014-10-29_8a667d05-03fc-4bcb-b720-8d78b5aeb007.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
Dateline Resources Limited Level 4, 20 Loftus Street Sydney NSW 2000 T: +61 2 8231 6640 F: +61 2 8231 6487 www.datelineresources.com.au [email protected]
==> picture [162 x 52] intentionally omitted <==
Dateline Resources Limited
(ACN 149 105 653 )
ASX Code: DTR
Investment Highlights
-
Australian, ASX listed, copper exploration and development company focussed on Fiji.
-
JORC Inferred resource 4.53mt at 1.2% Cu, 3.9% Zn, 0.26g/t Au and 29g/t Ag. From surface to 100m depth*.
-
A number of near surface exploration targets, similar in nature to the resource.
-
Field exploration and a 3D IP program has identified a porphyry copper target at Nagasauva.
QUARTERLY ACTIVITIES REPORT As at 30[th] September 2014
Dateline Resources Limited (“the Company” or “Dateline”) is pleased to present its Activities Report for the Quarter ended 30[th] September, 2014
Highlights during the Quarter
Udu Project Fiji
- 100% owned project portfolio.
Capital Structure
-
68.8 million ordinary shares
-
45% capital held by Directors and Management
Directors & Management
Mark Johnson AO
Chairman
George Niumataiwalu
-
The company continues to review its strategy, the near term focus to be on regional exploration for porphyry copper systems with a view to defining a new and historically under explored porphyry copper province.
-
Drilling programs during the September ’14 quarter on hold due to budgetary constraints.
Non-Executive Director
Stephen Baghdadi Executive Director
- Further alternative exploration approaches costed and evaluated.
John Smith
Company Secretary
Stewart Capp Exploration Manager
==> picture [178 x 107] intentionally omitted <==
Contact:
John Smith
Phone: +61 2 8231 6640 Fax: +61 2 8231 6487 Postal Address: P.O. Box 553 South Hurstville NSW 2221 [email protected]
Udu Project Fiji
Page 1 of 2
Quarterly Activities Report as at 30[th] September 2014
==> picture [138 x 45] intentionally omitted <==
Tenement Schedule
| nement Schedule | |||
|---|---|---|---|
| Project | Number | Ownership | Location |
| Udu | SPL1387 | 100% | Fiji |
| Udu | SPL1396 | 100% | Fiji |
| Udu | SPL1494 | 100% | Fiji |
| Udu | CX814 | Application 100% | Fiji |
| Udu | CX815 | Application 100% | Fiji |
Corporate
Conditions for junior exploration companies continued to be extremely difficult. There is an uncertain outlook for economic growth and for commodity prices. In these circumstances financial markets will only support projects offering near term cash flow or really outstanding prospects. DTR’s response has been to adopt stringent cash control, and to confine all but absolutely essential expenditures.
DTR’s tenements at Udu are prospective for porphyry occurrences. Data and information on these prospects and a conceptual framework for low cost exploration were further evaluated. The company is now in a position to provide potential joint venture partners with access to a considerable data base.
Opportunities in gold and base metals outside Fiji could dilute single project risk and be in the interests of DTR shareholders. Considerable effort was given to the development of other opportunities, a number were examined and several were judged to be attractive. Evaluation of these prospects and analysis of possible terms of entry are continuing.
About Dateline Resources Limited:
Dateline Resources Limited is an Australian-based mineral exploration company with exploration projects in Australia and the Republic of Fiji.
The Udu Polymetallic Project in Fiji hosts an Inferred Resource of 4.53mt at 1.2% Cu,3.9% Zn, 29g/t Ag and 0.26g/t Au in accordance with JORC 2012 Guidelines*.
The Company plans to focus on exploration and development of the Udu Project and pursue base metals opportunities in Australia and the South Pacific.
For more information, visit .www.datelineresources.com.au
John Smith Company Secretary Ph : +61 2 8231 6640 Fax +61 2 8231 6487 Email : [email protected]
*The resource estimate was reported to JORC 2012 guidelines in the company’s quarterly activities report for the quarter ending December 2012. All material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed.
Competent Person Statement
The information in this report that relates to exploration results and mineral resources for the Udu Project is based on information compiled by or work carried out under the supervision of Mr Stewart Capp. Mr Capp is a fulltime employee of Matai Holdings (Fiji) Ltd, a subsidiary of Dateline Resources, Mr. Capp has sufficient experience which is relevant to the styles of mineralisation 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 of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr Capp is a member of the Australian Institute of Mining and Metallurgy (AusIMM). Mr Capp consents to the inclusion in this report of the information, in the form and context in which it appears.
Page 2 of 2