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DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2018
Oct 29, 2017
64793_rns_2017-10-29_3d89d12c-1542-45d4-b84b-926d10343d98.pdf
Interim / Quarterly Report
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QUARTERLY ACTIVITIES REPORT As at 30 September 2017
Dateline Resources Limited (“the Company” or “Dateline” or “DTR”) is pleased to present its Activities Report for the Quarter ended 30 September, 2017
Tenement Schedule
| enement Schedule | |||
|---|---|---|---|
| Project | **Number ** | Ownership | **Location ** |
| Udu | SPL1387 | 100% | Fiji |
| Udu | SPL1396 | 100% | Fiji |
| Udu | SPL 1506 | 100% | Fiji |
| Udu | SPL 1507 | 100% | Fiji |
| GoldLinksMine | 34 Patented Claims | 100% | Colorado USA |
| Gold Links Mine | 20 Unpatented Claims | 100% | Colorado USA |
Gold Links Project
During the quarter CRG Mining, a wholly owned subsidiary of Dateline Resources Limited, commenced work on an exploration decline with the intent of reaching an existing raise located approximately 380metres from the portal to create a second method of egress. Under Mine Safety and Health Administration (MSHA) rules no mining can take place until a second method of egress is established. An exploration program that includes channel sampling and short spaced drilling from underground has commenced and is expected to be completed during the December Quarter.
We have approximately another 220metres of exploration decline development to reach our target and at the current work rate we expect this part of the development to be completed during the December Quarter.
Lucky Strike Mill
During the Quarter the company completed the acquisition of ALSH LLC which is the holding company of the Lucky Strike Mine and Mill.
ALSH LLC has applied for an amendment to its permit to Mill that will enable the processing of any ore that may be produced from the Gold Links Mine. A decision on this application is expected during the December Quarter
Udu Project
During the Quarter, the company collated samples from Udu with and plans to conduct further metallurgical test work on these samples in order to determine if a small scale mining operation is feasible based on the known resources
Dateline Resources Limited (ACN 149 105 653) Po Box 553 South Hurstville NSW 2221
www.datelineresources.com.au [email protected]
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General
During the quarter the company announced a 1 for 2 non-renounceable rights issue to raise $4,004,958.04 in working capital. The company raised a total of $2,184,835 and of the remaining shortfall, $1,815,165 was placed to sophisticated investors in October 2017.
About Dateline Resources Limited:
Dateline Resources Limited is an Australian-based mineral exploration company with existing exploration projects in the Republic of Fiji and mining permits in Colorado USA.
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]
Dateline Resources Limited (ACN 149 105 653) Po Box 553 South Hurstville NSW 2221