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DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2016
Oct 29, 2015
64793_rns_2015-10-29_2b1af178-ab33-4766-98d5-8c3e17997d3a.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.
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100% owned project portfolio.
Capital Structure
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76.3 million ordinary shares
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50.4% capital held by Directors and Management
Directors & Management
Mark Johnson AO Chairman
Stephen Baghdadi Executive Director
George Niumataiwalu
Non-Executive Director
Greg Hall
Non-Executive Director
John Smith
Company Secretary
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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
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QUARTERLY ACTIVITIES REPORT As at 30 September 2015
Dateline Resources Limited (“the Company” or “Dateline” or “DTR”) is pleased to present its Activities Report for the Quarter ended 30[th] September, 2015
Highlights during the Quarter
Udu Project Fiji
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Drilling programs during the Sep ’15 quarter continue to be on hold due to budgetary constraints.
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Further alternative exploration approaches costed and evaluated.
Golden Phoenix Resources Limited (GPR)
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Short Form Prospectus lodged with ASIC for GPR shareholders.
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Independent Export Report finalised.
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Notice of General Meeting – 17 September 2015
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Quarterly Activities Report as at 30 September 2015
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Tenement Schedule
| nement Schedule | |||
|---|---|---|---|
| Project | Number | Ownership | Location |
| Udu | SPL1387 | 100% | Fiji |
| Udu | SPL1396 | 100% | Fiji |
| Udu | CX814 | Application 100% | Fiji |
| Udu | CX815 | Application 100% | Fiji |
Corporate
As announced on May 25 2015, Dateline Resources Limited executed a share sale agreement (Agreement) with the major shareholders of Golden Phoenix Resources Limited (GPR) for Dateline to acquire all of the issued shares of GPR from its current shareholders.
GPR is an unlisted public mineral exploration company that has three granted exploration licenses (EL’s) that comprise the Augustus sedimentary copper project located in the Gascoyne region, Western Australia. The ELs cover three separate copper geochemical anomalies defined by the Geological Survey of Western Australia (GSWA) geochemical data within the Proterozoic Bangemall Basin.
During the quarter, the Company’s main activity was the finalisation of the GPR transaction in terms of the lodgement of the prospectus with ASIC, and the completion of the independent expert’s report to enable all shareholders to better evaluate same at an Extraordinary General Meeting that was held on September 17 2015. It should be noted that the acquisition of GPR was completed on October 16 2015.
There were no acquisitions or disposals of any interests in any of the Company's projects during the quarter. Directors continue to investigate opportunities to participate in joint ventures and acquire projects in Australia and overseas.
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 an independent consultant and a fulltime employee of Derwent Geoscience (Fiji) Pte Ltd. Mr Capp has sufficient experience 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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