DATELINE RESOURCES LIMITED

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A.C.N. 149 105 653

FINANCIAL REPORT to SHAREHOLDERS

for the HALF YEAR ENDED

31 DECEMBER 2013

DATELINE RESOURCES LIMITED TABLE OF CONTENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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	Page
Corporate Information	3
Directors’ Report	4
Auditor’s Independence Declaration	12
Condensed Statement of Comprehensive Income	13
Condensed Statement of Financial Position	14
Condensed Statement of Changes in Equity	15
Condensed Statement of Cash Flows	16
Notes to the Financial Statements	17
Directors’ Declaration	25
Independent Review Report	26

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DATELINE RESOURCES LIMITED CORPORATE INFORMATION FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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Directors & Officers

Mark Johnson AO - Executive Chairman Stephen Gemell - Non-Executive Director George Niumataiwalu - Non-Executive Director

John Smith - Company Secretary Stewart Capp - Exploration Manager

Registered Office

Level 4 20 Loftus Street Sydney NSW 2000

Bankers

National Australia Bank Fremantle Business Banking Centre Level 1, 88 High Street Fremantle WA 6160 Website: www.nab.com.au

Auditors

Duncan Dovico Risk & Assurance Pty Ltd Level 12, 90 Arthur Street North Sydney NSW 2060 Website: www.duncandovico.com.au

PO Box 553 South Hurstville NSW 2221

Share Registry

T: +61 (02) 8231 6640 F: +61 (02) 8231 6487 E-mail: [email protected] Website: www.datelineresources.com.au

Securities Exchange

Australian Securities Exchange Limited ("ASX") Home Exchange – Sydney ASX Symbols – DTR (ordinary shares)

Australian Company Number ACN 149 105 653

Australian Business Number ABN 63 149 105 653

Security Transfers Registrars Pty Ltd 770 Canning Highway Applecross WA 6153 Website: www.securitytransfer.com.au

Solicitors

Watson Mangioni Lawyers Pty Ltd Level 13 50 Carrington Street Sydney NSW 2000 Website: www.wmlaw.com.au

Domicile and Country of Incorporation Australia

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DATELINE RESOURCES LIMITED DIRECTORS’ REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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The Directors present their report of Dateline Resources Limited (“the Company”) for the half year ended 31 December 2013 (“the Period”).

1. DIRECTORS

The names of the Company’s Directors in office during the Period and until the date of this report are set out below. Directors were in office for this entire Period unless otherwise stated.

Director/ Position	Duration of Appointment
Mr. Mark Johnson AO Executive Chairman	Appointed 22 April, 2013
Mr. Stephen Gemell Non-Executive Director	Appointed 24 October, 2013
Mr. George Niumataiwalu Non-Executive Director	Appointed 24 October, 2013
Mr. Mike Ralston Non-Executive Director	Appointed 3 February, 2011 Resigned 24 October 2013
Mr. Francis DeSouza Non-Executive Director	Appointed 19 September 2011 Resigned 24 October 2013
Mr. Jonathon King Non-Executive Director	Appointed 7 December 2012 Resigned 24 October 2013

Information on Directors appointed during the Period :

Stephen Gemell BE Mining (Hons), FAusIMM, (CP), MAIME, MMICA

Steve has more than 35 years' experience in the mining industry, having worked throughout Australasia and in Africa, North and South America, Asia, Eastern and Western Europe. He has been Principal of Gemell Mining Engineers, an independent multi-discipline consultancy, since its formation in Kalgoorlie in 1984. He specialises in mineral property assessment and strategic studies.

His experience includes operational management in underground and open pit mining in positions from shift boss to resident manager, which has also involved the supervision of CIP/CIL, flotation and alluvial plants. He has subsequently held numerous executive and non-executive directorships, including the positions of CEO and Chairman, in listed mining companies.

Steve is currently a non-executive Chairman of Argent Minerals Limited, Eastern Iron Limited and Golden Cross Resources Limited.

He is a Fellow of the AusIMM, a Chartered Professional (Mining), a member of the Valmin Committee and a Member of the American Institute of Mining, Metallurgical and Petroleum Engineers.

Steve provides a wealth of experience to the Board through his international, technical and commercial experience in precious and base metal exploration and mining operations.”

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DATELINE RESOURCES LIMITED DIRECTORS’ REPORT (Continued) FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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George Niumataiwalu BE, GradCert Eng, MSc, MBA, MPA (Harvard)

A Fiji citizen, George Niumataiwalu is a highly experienced mining engineer and mineral economist, with broad expertise in corporate finance and government-business relations. After graduation from the University of New South Wales, George worked in Western Australia for Western Mining Corporation at the Kambalda Nickel Operations and St Ives Gold Mine. He attained a Western Australian First Class Mine Managers Certificate of Competency.

George has been involved in mine operation and development in Australia, Fiji and Papua New Guinea over the last 20 years, and most recently in the Hidden Valley and Wafi projects in PNG, and the Tuvatu project in Fiji.

George is a director of Fiji-based Kontiki Capital.

George will provide valuable guidance to the Board on operating an exploration company, liaison with the national government and mining project development studies through to mining operations in the Australasia region.

2. COMPANY SECRETARY

The Company Secretary role was held by the following individuals during the half year:

Mr. John Smith (appointed 24 October 2013); and
Mr. Simon Penney (appointed 17 April 2013 and resigned 24 December 2013).

3. PRINCIPAL ACTIVITIES

The Company is an Australian-based exploration company with exploration projects in the Republic of Fiji. The Udu Polymetallic Project in Fiji hosts an Inferred Resource of 4.5 million tonnes at 1.2% Cu, 3.9% Zn, 29g/t Ag & 0.3g/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.

4. REVIEW OF OPERATIONS AND ACTIVITIES

Udu Project Fiji

Drilling confirms significant copper near surface extensions to current JORC Udu Resource :-
UDH067 10.3m @ 1.82% Cu, 1.41% Zn, 16.3g/t Ag, 0.11g/t Au from 33m downhole.
UDH068 7m @ 2.96% Cu, 5.2% Zn, 20g/t Ag and 0.45g/t Au from 45m downhole, and 2m @ 1.03% Cu, 4.84% Zn, 9g/t Ag and 0.07g/t Au from 35 m downhole, and 7m @ 2.96% Cu, 5.2% Zn, 20g/t Ag and 0.45g/t Au from 42.2m downhole, and 2m @ 1.77% Cu, 6.71%Zn, 30.5g/t Ag and 0.02g/t Au from 54.5m downhole.
3DIP Survey defines additional VMS/epithermal targets.
“Classic Porphyry Copper” Target defined by 3DIP Survey, underlying a copper soil anomaly.
SPL1494 renewed for 2 year Period.

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DATELINE RESOURCES LIMITED DIRECTORS’ REPORT (Continued) FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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During the Period the company completed a 3DIP survey over a 765 hectare area and processing of the new 3DIP data, to further enhance target definition. This in conjunction with a combined interpretation of the company’s other geophysical, geochemical and geological datasets, was used to define and prioritise regional targets for further work.

A number of shallow targets with affinities to the mineralisation VMS/epithermal at the Udu Mine have been identified (Figure 2).

The company completed 753m of drilling in 8 holes to test extensions to the inferred resource indicated by initial processing of the 3DIP data. Drilling returned a number of shallow, high grade copper intercepts which confirmed continuity of polymetallic mineralisation down dip and confirmed the mineralisation is open down dip to the south, outside the current inferred resource (Table 1).

The final interpretation of the 3DIP defined four high priority VMS/epithermal targets, all within 4km of the existing resource. In addition the geophysics suggests some upside to the existing resource, and has defined a highly chargeable target beneath the current resource. The survey also defined a “classic porphyry copper target” at Nagasauva, 3km to the south of the JORC resource at a depth of at about 600m.

Shallow targets (within 100m of surface) are highlighted in Figure 2. The highest priority targets (IP01, IP05, IP11, IP10 and IP20) are all associated with copper in soil geochemical anomalies. Drilling will commence utilising the company’s own drilling equipment which is currently on site once field operations recommence late in the first quarter.

Testing of deeper targets (Mine Deeps, IP06) will require mobilisation of a drilling contractor with larger equipment to site later in the year.

Two additional regional targets with similarities to the Nagasauva porphyry target have been identified within the companies’ tenements. One of these targets is located within the SPL1494 and is associated with anomalously mineralised porphyry float collected during the companies’ regional work programmes. Initial observations suggest this target is closer to surface than Nagasauva, and additional soil sampling and mapping of the area to further refine the target is planned for early 2014. A decision to drill a porphyry copper target will be made after all the targets have been assessed.

Lone Wolf Project WA

There was no activity at the Lone Wolf project during the Period and subsequent to the end of the Period the board determined the project should be divested. This divestment has been reflected in these Financial Accounts.

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DATELINE RESOURCES LIMITED DIRECTORS’ REPORT (Continued) FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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Figure 1: Prospect Locations – Udu Project

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Figure 2: Chargeability at -50RL and copper in soils, with shallow IP targets.

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DATELINE RESOURCES LIMITED DIRECTORS’ REPORT (Continued) FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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Figure 3: Drill hole locations, Udu Mine area.

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Figure 4 - Udu Project B1 to B2 Section View (Refer Figure 2 Plan)

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DATELINE RESOURCES LIMITED DIRECTORS’ REPORT (Continued) FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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Figure 5: Section A1 to A2

Table 1: Summary of drilling completed in the Period and significant intercepts.

	Northing WGS84	Easting WGS84	Azimuth UTM		From M	To m	Interval m	Cu %	Zn %	Ag g/t	Au g/t
Hole				Dip

UDH063	816900	8210235	060	-60			NSI
UDH064	8210231	816899	30	-70	56	58	2	0.64	0.03	1	0.02
UDH065	8210214	816887	240	-60			NSI
UDH066	8210214	816887	60	-60			NSI
UDH067	8210280	816712	149	-60	33	43.3	10.3	1.82	1.41	16.3	0.11
UDH068	8210450	817157	150	-70	38	40	2	1.03	4.84	9	0.07
					45	52	7	2.96	5.2	20	0.45
					58	60	2	1.77	6.71	30.5	0.02
					82	84	2	0.57	0.01	1	0.03
UDH069	8210199	816762	330	-60			NSI
UDH070	8210178	816812	60	-60			NSI

Notes:

Cu – copper; Zn – zinc, Ag – silver; Au - gold
Intercepts are quoted at a lower cut-off of 0.5% Zn or 0.5% Cu, with up to 2m of internal dilution
Sampling is generally conducted on 1 metre intervals, with a maximum sample interval of 1.5m in areas of poor core recovery.
EOH – end of hole
All samples comprise ½ NQ diamond drill core, cut with chisel or a diamond saw. Drilling recoveries are measured and recorded for individual samples and certified analytical standards have been inserted into the batch at a rate of 1:20. Samples were oven dried, jaw crushed to -6mm, rotary split to a 1,000g sub-sample which was pulverised to 85% <75um. Gold was determined by 50g Fire assay with AA finish with the remaining elements being determined by ICP-AES with four acid digest.
Core recovery is problematic within some of the mineralised intervals and it is possible that if core recovery had been 100% the results obtained would be different to the results reported in Table 1. At this stage it is impossible to accurately assess whether core lost has resulted in an increase or decrease in the grades of the mineralised intervals.
Mineralisation is interpreted to be shallowly dipping, hence drill intercept lengths are approximately true widths of mineralisation.

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DATELINE RESOURCES LIMITED DIRECTORS’ REPORT (Continued) FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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All collars were located using a handheld GPS and are reported in UTM-WGS84 Zone 60 south
Additional details of the drilling and sampling may be found in Appendix 2 of the company quarterly activities report released on the 31[st] January 2014 (“Heli-Rig NQTT Samples”).
The 3DIP data was acquired by Search Exploration Services (Search) using their own equipment, which consisted of a 64 channel, full waveform receiver and a 30 kVA transmitter. The array used for the bulk of the survey was in the main a double offset dipole-dipole, at Waidere three quarters of a quad offset dipole-dipole array was recorded. The Search receiver measures the full time series voltage difference between each active electrode and a single reference electrode. This enables them to be able to recover the potential difference for any pair of electrodes by simple subtraction. The survey used 50m spaced electrodes for the bulk of the area and 100m spaced electrodes for the Nagasauva grid. From these Search were able to produce data sets at other electrode spacing’s. Search call these multipoles and for the 50m electrode spacing’s they provided 50, 100, 200 and 300m dipoles while for the 100m electrode spacing’s they provided 100, 200, 300 and 400m dipoles. The advantage of acquiring these additional data is that the changing electrode separation produces different sensitivity patterns around the electrode which adds significantly to the resolution of the survey as well as providing additional information at depth. The data was inverted by ExploreGeo Pty Limited of Perth WA. The algorithm used by, was written by Heng Meng Loke (Loke). In total, 9 separate inversion runs were undertaken using both complex and linear perturbation IP models, trapezoidal and non-uniform meshes, L1 and L2 norms and low error subsets from one inversion as input for a second. The option to compute the model resolution was enabled.

Tenement Schedule

Project	Number	Ownership	Location
Udu	SPL1387	100%	Fiji
Udu	SPL1396	100%	Fiji
Udu	SPL1494	100%	Fiji
Lone Wolf	P37/8113	100%	WA
Lone Wolf	P37/8114	100%	WA
Lone Wolf	P37/8187	100%	WA

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) Limited, 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.

5. FINANCIAL RESULTS

The financial results of the Company for the half year ended 31 December, 2013 are:

	31-Dec-13	30-Jun-13
Cash & Cash equivalents ($) Net Assets($)	397,115 7,159,402	535,399 3,807,751

	31-Dec-13	31-Dec-12
Revenue ($) Net Profit After Tax ($) Profit per Share (Cents) Dividend($)	3,186 925,774 2.03 -	438 (117,929) (0.38) -

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DATELINE RESOURCES LIMITED DIRECTORS’ REPORT (Continued) FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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6. SIGNIFICANT EVENTS

During the Period the following significant events took place:

On September 19[th] 2013, the Company exercised the option to acquire 100% of the issued capital of Dateline Fiji Pty Limited following robust results in geophysical surveys. The merged entity would focus on the advancement of the expanded resource opportunity and in new targets identified at the Udu Project. The Executive Chairman, Mr. Mark Johnson would become a major shareholder of the Company.
On October 3[rd] 2013, the Company acquired the remaining shareholder interest in Dateline Fiji Pty Limited via the issuance of shares and options (as approved by shareholders at the Company’s General meeting held on April 15[th] 2013) as follows:
30,650,000 fully paid ordinary shares,
500,000 unlisted options to acquire fully paid ordinary shares exercisable at $0.20 each on or before April 1[st] 2014, and
4,000,000 unlisted options to acquire fully paid ordinary shares exercisable at $0.20 each on or before May 31[st] 2014.
On October 24[th] 2013, the following Board changes were effected:
Mr. Stephen Gemell was appointed as a Non-Executive Director,
Mr. George Niumataiwalu was appointed as a Non-Executive Director,
Mr, Mike Ralston resigned as a Non-Executive Director,
Mr Francis DeSouza resigned as a Non-Executive Director,
Mr Johnathon King resigned as a Non-Executive Director.
At the Annual General meeting of shareholders held on November 29[th] 2013, the shareholders did approve the Company to change its name from Conto Resources Limited to Dateline Resources Limited.

7. EVENTS AFTER BALANCE SHEET DATE

There has been matter or event has arisen since 31 December 2013 that would be likely to materially affect the operations of the Company, or the state of affairs of the Company not otherwise as disclosed in the Company’s financial report.

8. AUDITOR’S INDEPENDENCE DECLARATION

The independence declaration of Duncan Dovico Risk & Assurance Pty Limited is set out on page 12 and forms part of the Directors’ Report for the Period.

Signed in accordance with a resolution of Directors.

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Mark Johnson AO Executive Chairman 6[th] March, 2014

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DUNCAN

DOVICO

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Auditors’ Independence Declaration

In relation to our review of the financial report of Dateline Resources Limited and its controlled entity for the half-year ended 31 December 2013, to the best of my knowledge and belief, there have been:

(i) no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the review; and
(ii) no contraventions of any applicable code of professional conduct in relation to the review.

This declaration is in respect of Dateline Resources Limited and its controlled entity during the half-year ended 31 December 2013.

DUNCAN DOVICO RISK & ASSURANCE PTY LIMITED

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Rosemary Megale Director

Dated in Sydney, this 6[th] March 2014

LEVEL 12, 90 ARTHUR STREET, NORTH SYDNEY NSW 2060 PO BOX 1994 , NORTH SYDNEY NSW 2059 T: (02) 9922 1166 F: (02) 9922 2044 E: [email protected] ABN: 39 151 805 275 Liability limited by a scheme approved under the Professional Standards Legislation

DUNCAN DOVICO RISK & ASSURANCE PTY LIMITED

DATELINE RESOURCES LIMITED CONDENSED STATEMENT OF COMPREHENSIVE INCOME FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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Note Continuing operations Revenue Directors fees and other benefits Disposal of assets 5 Discount on acquisition 3 Administration expenses 6 Profit/(Loss) from continuing operations before income tax Income tax expense Profit/(loss) from continuing operations after income tax Other comprehensive profit/(loss) Foreign Currency Translation Reserve Total comprehensive profit/(loss) for the period Profit/(loss) for the period is attributable to: Owners of the Company Total comprehensive profit/(loss) for the period attributable to: Owners of the Company Profit/(loss) per share from continuing operations attributable to the ordinary equity holders of the Company: Basic profit/(loss) per share – cents per share Diluted profit/(loss)loss per share – cents per share Total comprehensive profit/(loss) per share attributable to the ordinary equity holders of the Company: Basic profit/(loss) per share – cents per share Diluted profit/(loss) per share – cents per share	31-Dec-13 $ 3,186 (5,100) (97,128) 1,209,052 (184,236) 925,774 - 925,774 137,197 1,062,971 925,774 925,774 1,062,971 1,062,971 Cents 2.03 2.03 2.33 2.33	31-Dec-12	31-Dec-12
			$ 438 - - - (118,367)
			(117,929) -
			(117,929) 228,795
			110,866
			(117,929)
			(117,929)
			110,866
			110,866
			Cents (0.38) (0.38) 0.36 0.36

The above Condensed Statement of Comprehensive Income should be read in conjunction with the accompanying notes.

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DATELINE RESOURCES LIMITED CONDENSED STATEMENT OF FINANCIAL POSITION FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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Notes Current Assets Cash & cash equivalents Trade & other receivables Financial Assets Total Current Assets Non-Current Assets Plant & equipment Exploration & evaluation expenditure 7 Total Non-Current Assets TOTAL ASSETS Current Liabilities Trade & other payables Loans from Shareholders 8 Total Current Liabilities Non Current Liabilities Loans from Shareholders 8 Total Non-Current Liabilities TOTAL LIABILITIES NET ASSETS Equity attributable to the equity holders of the Company Contributed equity 9 Reserves 10 Accumulated losses TOTAL EQUITY	31-Dec-13	30-Jun-13
	$	$
	397,115 71,011 130,070 598,196 37,312 6,696,408 6,733,720 7,331,916 50,514 60,000 110,514 62,000 62,000 172,514 7,159,402 7,177,157 405,911 (423,666) 7,159,402	535,399 144,366 126,921
		806,686
		40,914 5,694,863
		5,735,777

		6,542,463
		330,176 1,125,706
		1,455,882
		1,278,830
		1,278,830

		2,734,712

		3,807,751
		4,888,477 268,714 (1,349,440)
		3,807,751

The above Condensed Statement of Financial Position should be read in conjunction with the accompanying notes.

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DATELINE RESOURCES LIMITED CONDENSED STATEMENT OF CHANGES IN EQUITY FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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Balance as at 1 July, 2013 Total comprehensive Income for the Period Converstion of loan to equity Contributions of equity Balance as at 31 December, 2013 Balance as at 1 July, 2012 Total comprehensive Income for the Period Contributions of equity Balance as at 30 June, 2013	Issued Capital Accumulated Losses Foreign Currency Reserve TOTAL $ $ $ $ 4,888,477 (1,349,440) 268,714 3,807,751 - 925,774 137,197 1,062,971 1,583,731 - - 1,583,731 704,949 - - 704,949
	7,177,157 (423,667) 405,911 7,159,402
	Issued Capital Accumulated Losses Foreign Currency Reserve TOTAL $ $ $ $ 4,100,000 (1,119,151) (1,643) 2,979,206 - (230,289) 270,357 40,068 788,477 - - 788,477
	4,888,477 (1,349,440) 268,714 3,807,751

The above Condensed Statement of Changes in Equity should be read in conjunction with the accompanying notes.

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DATELINE RESOURCES LIMITED CONDENSED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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Cash flows used in operating activities
Payment to suppliers and employees
Interest received
Net cash flows used in operating activities
Cash flows used in investing activities
Payment for plant & equipment
Payment for exploration & evaluation expenditure
Net cash flows used in investing activities
Cash flows from financing activities
Pre reverse acquisition advances
Proceeds from borrowings
Net cash flows from financing activities
Net increase/(decrease) in cash and cash equivalents
Net Foreign exchnage difference
Cash and cash equivalents acquired
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

31-Dec-13
31-Dec-12
$
$
(390,899)
(176,547)
3,186
438
(387,713)
(176,109)
(10,183)
(12,245)
(1,089,632)
(436,475)
(1,099,815)
(448,720)
458,025
-
-
471,844
458,025
471,844
(1,029,503)
(152,985)
221,314
225,660
669,905
-
535,399
39,309
397,115
111,984

The above Condensed Statement of Cash Flows should be read in conjunction with the accompanying notes.

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DATELINE RESOURCES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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1. CORPORATE INFORMATION

The financial report of Dateline Resources Limited (the “Company”) covers the period from 1 July 2013 to 31 December 2013 (the “Period”). The Company was incorporated on 3 February 2011.

In June 2011, the Company was listed on the Australian Securities Exchange (ASX) through initial Public Offering Prospectus dated 18 April 2011.

The address of the registered office of the Company is Level 4, 20 Loftus Street Sydney NSW 2000.

The financial report of Dateline Resources Limited for the Period was authorised for issue in accordance with a resolution of the Directors on 6[th] March 2014.

2. BASIS OF PREPARATION AND ACCOUNTING POLICIES

Basis of compliance

This general purpose interim condensed financial report of the Company for the Period has been prepared in accordance with AASB 134 Interim Financial Reporting and the Corporations Act 2001 . Compliance with AASB 134 ensures compliance with International Financial Standard IAS 34 Interim Financial Reporting .

The half-year financial report does not include all notes of the type normally included within the annual financial report and therefore cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the Company as the full financial report.

It is recommended that the interim financial report be read in conjunction with the annual financial statements for the year ended 30 June 2013 and considered together with any public announcements made by the Company during the Period and up to the date of this report in accordance with the continuous disclosure obligations of the ASX Listing Rules.

Summary of Significant Accounting Policies

The significant accounting policies adopted in the preparation of the historical financial information included in this report have been set out below.

Basis of preparation

The condensed financial statements have been prepared on the basis of historical cost. Cost is based on the fair values of the consideration given in exchange for assets. All amounts are presented in Australian dollars.

The accounting policies and methods of computation adopted in the preparation of this financial report for the Period under review are consistent with those adopted in the annual financial statements for the year ended 30 June 2013. These accounting policies are consistent with Australian Accounting Standards and with International Financial Reporting Standards.

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DATELINE RESOURCES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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The Company has adopted all of the new and revised Standards and Interpretations issued by the Australian Accounting Standards Board (the AASB) that are relevant to their operations and effective for the current reporting period.

The adoption of all the new and revised Standards and Interpretations has not resulted in any changes to the Company’s accounting policies and has no effect on the amounts reported for the current or prior periods.

Reverse Acquisition Accounting

Dateline Resources Limited is listed on the Australian Securities Exchange. Dateline Resources Limited completed the legal acquisition of Dateline Fiji Pty Limited on 3[rd] October 2013.

Under the principles of AASB 3 Business Combinations Dateline Fiji Pty Limited was deemed to be the acquirer for accounting purposes. Therefore, the transaction has been accounted for as a reverse acquisition under AASB3. Accordingly, the consolidated financial statements of Dateline Resources Limited have been prepared as a continuation of the consolidated financial statements of Dateline Fiji Pty Limited. Dateline Fiji Pty Limited (as the deemed acquirer) has accounted for the acquisition of Dateline Resources Limited in the 2014 financial year. The comparative information from 1 July 2012 to 30 June 2013 presented in the consolidated financial statements is that of Dateline Resources Limited.

The impact of the reverse acquisition of each of the primary statements is as follows:

Statement of Comprehensive Income

The 2013 Consolidated Statement of Comprehensive Income comprises 6 months of Dateline Fiji Pty Limited and 3 months of Dateline Resources Limited;
The 2012 Consolidated Statement of Comprehensive Income comprises 6 months of Dateline Fiji Pty Limited.

Statement of Financial Position

The 2013 Consolidated Statement of Financial Position represents both Dateline Fiji Pty Limited and Dateline Resources Limited as at 31 December 2013;
The 2013 Consolidated Statement of Financial Position represents Dateline Fiji Pty Limited as at 30 June 2013.

Statement of Changes In Equity

The 2013 Consolidated Statement of Changes in Equity comprises Dateline Fiji Pty Limited equity balance at 1 July 2013, its profit or loss for the year, and transactions with equity holders for 6 months. It also comprises Dateline Resources Limited’s transactions with equity holders in the past 3 months and the equity balances of Dateline Fiji Pty Limited and Dateline Resources Limited as at 31 December 2013.
The 2012 Consolidated Statement of Changes in Equity comprises 12 months of Dateline Fiji Pty Limited’s changes in equity.

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DATELINE RESOURCES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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Statement of Cash Flows

The 2013 Consolidated Statement of Cash Flows comprises the cash balance of Dateline Fiji Pty Limited at 1 July 2013, the cash transactions for the Period (6 months Dateline Fiji Pty Limited and 3 months Dateline Resources Limited) and the cash balance of Dateline Fiji Pty Limited and Dateline Resources Limited as at 31 December 2013.
The 2012 Consolidated Statement of Cash Flows comprises 12 months of Dateline Fiji Pty Limited’s transactions.

3. BUSINESS COMBINATIONS

On October 3[rd] 2013, Dateline Resources Limited acquired 100% of the issued capital of Dateline Fiji Pty Limited. Under the principles of AASB 3 Business Combinations, Dateline Fiji Pty Limited is the accounting acquirer in the business combination. Therefore, the transaction has been accounted for as a reverse acquisition. Accordingly, the consolidated financial statements of Dateline Resources Limited have been prepared as a continuation of the consolidated financial statements of Dateline Fiji Pty Limited. Dateline Fiji Pty Limited as the acquirer as accounted for the acquisition of Dateline Resources Limited from the six month period ended 31 December 2013.

The consideration in a reverse acquisition is deemed to have been incurred by the legal subsidiary, that is Dateline Fiji Pty Limited, in the form of equity instruments issued to the shareholders of Dateline Resources Limited. The acquisition date fair value of the consideration transferred has been determined by reference to the fair value of the issued shares of Dateline Resources Limited immediately prior to the business combination.

The discount on acquisition of $1,209,052 was measured as the excess of the net amount of the recognised identifiable assets and liabilities of Dateline Resources Limited, being $1,914,001 over the fair value of the consideration effectively transferred being $704,949.

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DATELINE RESOURCES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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4. OPERATING SEGMENTS

AASB 8 requires operating segments to be identified on the basis of internal reports about components of the Company that are regularly reviewed by the chief operating decision maker in order to allocate resources to the segment and to assess its performance.

Half Year to December 2013	Australia A$	Fiji A$	Consolidation Entries A$	TOTAL A$
Revenues	(8,932)	-	5,746	(3,186)
Segment Result	(848,817)	(35,716)	(41,241)	(925,774)
Total Segment Assets	11,858,099	7,343,623	(11,869,806)	7,331,916
Total Segment Liabilities	1,453,299	4,417,356	(5,698,142)	172,514
Half Year to December 2012	Australia A$	Fiji A$	Consolidation Entries A$	TOTAL A$
Revenues	(438)	-	-	(438)
Segment Result	89,048	28,881	-	117,929
Total Segment Assets	4,649,352	4,477,759	(4,953,304)	4,173,807
Total Segment Liabilities	1,005,000	4,802,807	(4,724,072)	1,083,735

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DATELINE RESOURCES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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5.
DISPOSAL OF ASSETS EXPENSE
Office Equipment
Lone Wolf Tenements
TOTAL DISPOSAL of ASSETS EXPENSE
6.
ADMINISTRATION EXPENSES
Consulting and corporate expenses
Compliance and regulatory expenses
Depreciation expenses
Other administration expenses
TOTAL ADMINISTRATION EXPENSES
7.
EXPLORATION & EVALUATION EXPENDITURE
Carrying amount of exploration expenditure
Movement during the Period
Balance at the beginning of the Period
Expenditure incurred during the Period
Tenements abandoned and written off
Balance at the end of the Period
8.
LOANS FROM SHAREHOLDERS
Current
Amounts owed to Dateline Resources Limited
Amounts owed to Mr. Mark Johnson
Total current loans from shareholders
Non-Current
Amounts owed to Mr. Mark Johnson
Total non-current loans from shareholders
TOTAL LOANS FROM SHAREHOLDERS

31-Dec-13
31-Dec-12
$
$
9,041
-
88,087
-
97,128
-
131,877
82,449
6,309
1,378
4,744
4,548
41,306
29,992
184,236
118,367
31-Dec-13
30-Jun-13
$
$
6,696,408
5,694,863
5,694,863
3,370,802
1,089,632
2,324,061
(88,087)
-
6,696,408
5,694,863
-
1,125,706
60,000
-
60,000
1,125,706
62,000
1,278,830
62,000
1,278,830
122,000
2,404,536

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DATELINE RESOURCES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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9. CONTRIBUTED EQUITY

Share Capital
Ordinary Capital
Number of Shares
Paid Up
Movements in Share Capital
Opening Balance
Conversion of Loan to Equity
Acquisition of Dateline Resources Ltd
Elimination of existing
Dateline Fiji Pty Ltd Shares
Existing Dateline Resources Ltd Shares
on Acquistion of Dateline Fiji Pty Ltd
Issue of Dateline Resources Ltd Shares
on Acquisition of Dateline Fiji Pty Ltd
Closing Balance
31 Dec 2013
01 Jul 2013
03 Oct 2013
03 Oct 2013

2013
2012
61,300,000
46,822,821
$7,177,157
$4,888,477
Number
of Shares
$
56,802,839
4,888,477
(9,980,018)
1,583,731
(46,822,821)
30,650,000
30,650,000
704,949
61,300,000
7,177,157
Consolidated
Consolidated

(a) Share Capital

(b) Movements in Share Capital

Movemements in share options during the year

The following reconciles the share options outstanding at the beginning and end of the Period/year:

Balance at begininng of Period/year Granted during the Period/year Exercised during the Period/year Expired during the Period/year Balance at end of the Period/year	Number of Options Exercise Price Number of Options Exercise Price 4,500,000 $0.20 4,750,000 $0.20 4,500,000 $0.20 - $0.20 - $0.20 (250,000) $0.20 - $0.20 - $0.20 9,000,000 4,500,000 31-Dec-13 30-Jun-13

10. Reserves

Foreign Currency Transalation Reserve

The foreign currency translation reserve records exchange differences arising on transalation of the foreign controlled subsidiary.

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DATELINE RESOURCES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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11. RELATED PARTY DISCLOSURES

(i) Other Fees Paid to Directors

– Consultancy Fees Geological Resources Solutions Pty Limited

Geological Resources Solutions Pty Limited (“Geological Solutions”) was founded by Mr Robert Jewson, a company in which he is the sole director and has a financial interest. During the Period Mr Jewson received consultancy fees totalling $1,476, in addition to his director’s fees. There are no further amounts outstanding at 31 December 2013.

– Consultancy fees Weston Consultancy Group

Weston Consultancy Group was founded by Jonathan King, a company in which he is the sole director and has a financial interest. During the Period and prior to Mr King becoming a director Mr King received consultancy fees totalling $9,900. There are no further amounts outstanding at 31 December 2013.

(ii) Other transactions with key management personnel including their related parties

During the Period the Company paid a consulting fee of $8,800 to Otsana Capital. The transaction is considered a related party as Francis De Souza is a Director of Otsana Capital. There are no further amounts outstanding at 31 December 2013.

(iii) Subsidiaries and associates

		Ownership	Ownership
	Country of	Interest (%)	Interest (%)
Name of subsidiary	Incorporation	31.12.13	30.6.13
Dateline Fiji Pty Ltd(a)	Australia	100.00%	14.75%(c)
Matai Holdings (Fiji) Ltd(b)	Fiji	100.00%	100.00%

(a) Dateline Resources Ltd completed the legal acquisition of Dateline Fiji Pty Ltd on 3rd October, 2013.
(b) Matai Holdings (Fiji) Ltd is 100% owned by Dateline Fiji Pty Ltd
(c) Dateline Resources Ltd held a 14.75% interest in associate Dateline Fiji Pty Ltd.

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DATELINE RESOURCES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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12. DIVIDENDS

No dividend has been paid during the Period and no dividend is recommended for the Period.

13. COMMITMENTS

Other than detailed in this report there are no new commitments, other than those that existed as at 30 June 2013 that the Company has entered into during the Period under review.

14. CONTINGENT LIABILITIES

Other than detailed in this report there are no contingent liabilities.

15. EVENTS AFTER BALANCE SHEET DATE

No other matter or event has arisen since 31 December 2013 that would be likely to materially affect the operations of the Company, or the state of affairs of the Company not otherwise as disclosed in the Company’s financial report.

16. GOING CONCERN

The half-year financial statements are prepared on a going concern basis, which contemplates the continuation of normal business activity and the realisation of assets and liabilities in the normal course of business. As at 31 December 2013 the consolidated entity incurred a profit after tax of $925,774. Exclusive of the discount on acquisition of $1,209,052, the result from operations is a loss after tax of $283,278 and cash outflows from operating activities of $387,713. The ability of the Group to continue as a going concern and to pay their debts as and when they fall due is dependent on the consolidated entity’s ability to raise additional funds through either debt financing or capital raising arrangements.

Having regard to the above, the Directors have a reasonable expectation that the entity will have adequate resources to continue operating for the foreseeable future. For this reason they continue to adopt the going concern basis in preparation of the accounts.

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DATELINE RESOURCES LIMITED DIRETORS’ DECLARATION FOR THE HALF YEAR ENDED 31 DECEMBER 2013

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In the Directors’ opinion:

(a) The financial statements and notes of the Company are in accordance with the Corporations Act 2001, including:
(i) Giving a true and fair view of the financial position as at 31 December 2013 and the performance for the period 1 July 2013 to 31 December 2013 ended on that date of the Company.
(ii) Complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001.
(b) There are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of Directors.

On behalf of the Board of Directors.

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Mark Johnson AO Executive Chairman 6[th] March, 2014

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DUNCAN DOVICO

Independent Auditor’s Review Report to the members of Dateline Resources Limited

Report on the Condensed Half-year Financial Report

We have reviewed the accompanying half-year financial report of Dateline Resources Limited and its controlled entity, which comprises the statement of financial position as at 31 December 2013 and statement of comprehensive income, statement of changes in equity and statement of cash flows for the half-year ended on that date, other selected explanatory notes and the directors’ declaration of the consolidated entity comprising the company and the entities it controlled at the half-year end or from time to time during the half-year ended 31 December 2013.

Directors’ responsibility for the half-year financial report

The directors of the company are responsible for the preparation and fair presentation of the half-year financial report in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Corporations Act 2001 . This responsibility includes: establishing and maintaining internal controls relevant to the preparation and fair presentation of the half-year financial report that it is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

Auditor’s Responsibility

Our responsibility is to express a conclusion on the half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of Interim and Other Financial Reports Performed by the Independent Auditor of the Entity , in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the consolidated entity’s financial position as at 31 December 2013 and its performance for the half-year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 . As the auditor of Dateline Resources Limited and its controlled entities during the half-year ended 31 December 2013, ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Independence

In conducting our review, we have complied with independence requirements of the Corporations Act 2001 .

DUNCAN DOVICO RISK & ASSURANCE PTY LIMITED

LEVEL 12, 90 ARTHUR STREET, NORTH SYDNEY NSW 2060 PO BOX 1994 , NORTH SYDNEY NSW 2059

T: (02) 9922 1166 F: (02) 9922 2044 E: [email protected] ABN: 39 151 805 275 Liability limited by a scheme approved under the Professional Standards Legislation

DUNCAN DOVICO

Basis for Qualified Conclusion

As a result of a reverse acquisition during the financial period, this is the first period that Dateline Resources Limited is required to prepare a half year financial report and have it reviewed, the balance sheet, income statement, statement of changes in equity, cash flow statement, and other selected explanatory notes for the preceding corresponding half year have not been reviewed or audited. Accordingly, we are not in a position to and do not express any assurance in respect of the comparative information for the period ended 31 December 2012. The financial report for the preceding financial year ended 30 June 2013 has been audited and therefore our review statement is not qualified in respect of the comparative information for the year ended30 June 2013 included in the balance sheet

Qualified Conclusion

Except for the effect, if any, on the comparatives for the preceding corresponding half year that may result from the qualification in the preceding paragraph, based on our review, which is not an audit, nothing has come to our attention that causes us to believe that the half year financial report of Dateline Resources Limited does not present fairly, in all material respects the financial position of the group as at 31 December 2013, and of its financial performance and its cash flows for the half year ended on that date, in accordance with applicable Accounting Standards and other mandatory professional reporting requirements.

Material uncertainty regarding continuation as a going concern

Without further qualification to the opinion expressed above, we draw attention to the financial report which indicates that the Company incurred a profit after tax of $925,792 during the year end 31 December 2013. Exclusive of the discount on acquisition of $1,209,070, the result from operations is a loss after tax of $283,278 and cash outflows from activities of $387,713 over the same period.

As disclosed in note 16 the financial statements have been prepared on a going concern basis. Notwithstanding this, the ability of the Company to continue as a going concern is dependent on the ability of the Company to raise additional funds through either debt financing or capital raising arrangements. Should additional capital not be raised or revenue streams generated then there is a material uncertainty which may cast significant doubt as to the Company’s ability to continue as a going concern and therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business, and at the amounts stated in the financial report.

DUNCAN DOVICO RISK & ASSURANCE PTY LIMITED

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Rosemary Megale Director

Dated in Sydney, this 6[th] March 2014

DUNCAN DOVICO RISK & ASSURANCE PTY LIMITED

LEVEL 12, 90 ARTHUR STREET, NORTH SYDNEY NSW 2060 PO BOX 1994 , NORTH SYDNEY NSW 2059 T: (02) 9922 1166 F: (02) 9922 2044 E: [email protected] ABN: 39 151 805 275 Liability limited by a scheme approved under the Professional Standards Legislation

AI assistant

DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2014

64793_rns_2014-03-13_7c279c33-a25f-417b-b253-272dd1de68de.pdf