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DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2019
Apr 29, 2019
64793_rns_2019-04-29_2b6b3b07-4ee5-43ad-ba6e-9bac0f1efa28.pdf
Interim / Quarterly Report
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DATELINE RESOURCES LIMITED QUARTERLY ACTIVITIES REPORT As at 31 MARCH 2019
Dateline Resources Limited (“the Company” or “Dateline” or “DTR”) is pleased to present its Activities Report for the Quarter ended 31 March 2019.
| Project | Number | **Ownership ** | Location |
|---|---|---|---|
| Gold Links Permitted Mine | 34 Patented Claims | 100% | Colorado USA |
| Gold Links Permitted Mine | 20 Unpatented Claims | 100% | Colorado USA |
| Lucky Strike Permitted Mine | 19 Patented Claims | 100% | Colorado USA |
| and Mineral Hill Historic Mine | |||
| Lucky Strike Permitted Mine | 13 Unpatented Claims | 100% | Colorado USA |
| and Mineral Hill Historic Mine | |||
| Raymond and Carter Mines | 169 Patented Claims | 100% | Colorado USA |
| Udu | SPL1387 | 100% | Fiji |
| Udu | SPL1396 | 100% | Fiji |
| Udu | SPL 1506 | 100% | Fiji |
| Udu | SPL 1507 | 100% | Fiji |
During the March’19 Quarter the Company carried out the following activities:
Finance
A transformational capital raising (Renounceable Rights Issue “Issue”) to provide the company with the working capital required to execute the exploration and development of its flagship Gold Links project in Colorado USA was announced on November 30, 2018. The RI was partially underwritten and closed on January 31, 2019.
The Issue was very well received by existing and new shareholders with $14.5 million of new capital being raised. This has allowed Dateline to retire debt and transform the Company’s Balance Sheet resulting in Dateline being fully funded to develop and pursue an exploration strategy at the Gold Links project in Colorado, USA.
Corporate
The Company was well represented during the March’19 quarter at several investor relations symposiums in Australia.
For the very first time, Dateline participated with a booth at PDAC 2019 (the world’s premier mineral exploration and mining convention) based in Toronto Canada. This were very successful for Dateline and the contacts and leads generated at the convention will be very useful for Dateline in the future.
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Gold Links Project
The proceeds from the capital raising mentioned above will enable Dateline to unlock the value of the Gold Links project with a co-ordinated systematic exploration program using modern techniques with the objective being to establish a maiden JORC resource by December 2019.
Desktop studies and detailed plans for a drilling program aimed at further de-risking the project were undertaken during the quarter. With funds now available, the Company will be in a position to execute these plans in the year ahead.
Dateline will ensure that shareholders are kept updated on the drilling program once all facets of the plan are finalised.
– Udu Fiji
The Company is reviewing the preliminary results of the metallurgical test work that is underway and will make an announcement once the review is complete.
The tenements in Fiji were due for renewal in Late February 2019. Applications for renewal have been lodged with the Fijian Department of Mineral Resources.
Further Information
For more information, visit www.datelineresources.com.au
John Smith Company Secretary