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DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2014
Jul 30, 2014
64793_rns_2014-07-30_2e2e5e61-4379-4b36-a2fa-46529f878832.pdf
Interim / Quarterly Report
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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]
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Dateline Resources Limited
(ACN 149 105 653 )
ASX Code: DTR
Investment Highlights
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Australian, ASX listed, copper exploration and development company focussed on Fiji.
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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*.
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A number of near surface exploration targets, similar in nature to the resource.
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Field exploration and a 3D IP program has identified a porphyry copper target at Nagasauva.
QUARTERLY ACTIVITIES REPORT As at 30[th] June 2014
Dateline Resources Limited (“the Company” or “Dateline”) is pleased to present its Activities Report for the Quarter ended 30[th] June, 2014
Highlights during the Quarter
Udu Project Fiji
- 100% owned project portfolio.
Capital Structure
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68.8 million ordinary shares
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45% capital held by Directors and Management
Directors & Management
Mark Johnson AO
Chairman
Steve Gemell Non-Executive Director
George Niumataiwalu
Non-Executive Director
Stephen Baghdadi
Non-Executive Director
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Submitted applications for additional exploration licenses have been accepted covering 8,868 hectares for an additional 15 kilometres along strike of the porphyry copper exploration targets.
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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.
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Drilling programs during the June ’14 quarter on hold due to budgetary constraints.
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Further alternative exploration approaches costed and evaluated.
John Smith
Company Secretary
Stewart Capp Exploration Manager
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Contact:
John Smith
Phone: +61 2 8231 6640 Fax: +61 2 8231 6487 Postal Address:
Udu Project Fiji P.O. Box 553 South Hurstville NSW 2221 [email protected]
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Quarterly Activities Report as at 30[th] June 2014
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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
As advised in previous announcements, financial conditions are extremely difficult for pre-development base metal exploration companies like Dateline, and likely to remain so until there is a more positive view of copper and zinc prices. Until circumstances change, the Company will put the shallow and mine deep drilling programs on hold.
Further, due to soft market conditions for junior exploration companies, the company has instituted stringent budgetary restraints which will remain in place until alternative exploration approaches have been costed and evaluated further.
On July 4 2014, Dateline did announce a share placement of 15,000,000 shares raising $600,000 which will be used for working capital purposes and to support Dateline’s exploration strategy.
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 3.96mt at 1.14% Cu, 2.98% Zn, 28.2g/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.
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