DATELINE RESOURCES LIMITED — Investor Presentation 2018

Nov 29, 2018

Growing a known high-grade gold deposit in a Tier-1 jurisdiction

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COLORADO USA

Dateline Resources Limited | Investor Presentation

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Disclaimer - Important Information

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This presentation is an overview of Dateline Resources Limited (Dateline or the Company) and its minerals project prepared with good intention. It is not (and does it purport to be) a prospectus prepared in accordance with Chapter 6D of the Corporations Act (Cth) (Corporations Act) and offers no securities for subscription or sale in any jurisdiction, nor a securities recommendation.

All information necessary for investment decisions is not contained in this presentation and investors are encouraged to conduct their own research of Dateline in conjunction with legal, tax, business and financial consultation.

Dateline, its directors, officers, employees, advisers and agents disclaim liability for any loss or damage suffered by reliance on information contained in this presentation when making investment decisions. In addition, no express or implied representation or warranty is given in relation to the completeness and sufficiency of the information, opinions or beliefs contained in this document or any other written or oral information made or to be made available to any interested party or its advisers.

This presentation may refer to the intention of Dateline but it does in no way intend to provide a forecast in relation to future matters for the purposes of the Corporations Act or any other law. Future events are subject to risks and uncertainties, and as such, results, performance and achievements may in fact differ materially from those referred to in this presentation.

While reasonable care has been taken in relation to the preparation of this presentation, no liability is accepted for any loss, cost or damage suffered or incurred by the reliance on the sufficiency or completeness of the information, opinions or beliefs contained in this presentation

Statements in this presentation are made only as of the date of this presentation (unless stated otherwise) and the information in this presentation remains subject to change without notice.

Research, evaluation and analysis of the Company’s business, data and projects are encouraged before making financial investments. Any estimates, projections or opinions contained herein may involve subjective judgment, analysis and interpretation, and satisfaction of ones own decisions should be undertaken.

We caution you not to place undue reliance on any forward-looking (or indeed any other) statements contained in this presentation.

This presentation is provided for general information purposes only. The information contained in this presentation is not intended to be relied upon as advice to investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Investors should assess their own financial circumstances and consider talking to a financial adviser or other professional before making any investment decision. We undertake no obligation to update this information.

Any information in this presentation relating to exploration targets should not be misunderstood or misconstrued as an estimate of mineral resources or ore reserves. Hence the terms resource(s) or reserve(s) have not been used in this context (or at all). Furthermore, any reference to potential target size, quantity and/or grade is conceptual in nature, since there has been insufficient work completed to define them beyond exploration targets and in any event it is uncertain if further exploration will result in the determination of a mineral resource.

The information in this report relating to Exploration Results, or Mineral Resources is based on information compiled by Mr Gregory Hall who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Hall is a Director of Dateline Resources Limited. Mr Hall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES.

Dateline Resources Limited | Investor Presentation

Investment Overview

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• Located within Tier-1 jurisdiction Flagship 100% owned Gold Links Project in Colorado

• -

• History of High Grade Production over 150,000 oz Au with average grades of between 15-20 g/t Au, with grades up to 240 g/t

• Extensive evidence of a large high-grade gold system within project area

• Low risk exploration plan - targeting well established and clearly understood mineralisation, several highly prospective drill targets have already been identified

• Low capex to production - underground access already developed and an operational modern processing plant is in place

• Market cap is just $7.2m: Significant leverage to high-grade drilling results and maiden JORC Resource

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The Gold Links Project has the potential to be a high grade multi-M oz gold project

Dateline Resources Limited | Investor Presentation

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Corporate Snapshot

Capital Structure	Capital Structure
Ordinary Shares on Issue	724,495,810
Share Price(ASX: DTR)	1.0¢
Market Cap (undiluted)	$7.24m
Options(3.3 – 3.9c exercise)	45m
Est. Cash	$0.1m
Current Debt	$7.7m
Enterprise Value	$14.84m

Board & Management
Mark Johnson	Non-Executive Chairman
Stephen Baghdadi	Executive Director
Greg Hall	Non-Executive Director
Glenn Dovaston	CEO
John Smith	Company Secretary

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Stock Liquidity	Stock Liquidity	Stock Liquidity	Stock Liquidity	Stock Liquidity	Stock Liquidity
6 Month				7.3m shares for ~$132k
12 Month				49m shares for ~$1.5m
Top 20				85%
	33% # Shareholders 400 Southern Cross Exploration 33% Mr. Mark Johnson 10% Red Star Development Pte Ltd 8% Mr K. D. Vinci 8% Other 41%
	# Sh	areholders			400
	33% Sout	hern Cross Exploration			33%
	Mr.	Mark Johnson			10%
	Red	Star Development Pte Ltd			8%
	Mr K	. D. Vinci			8%
	Other				41%

Dateline Resources Limited | Investor Presentation

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Board and Senior Management

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Mark Johnson AO, Chairman

+40 years investment banking experience. Retired as Deputy Chairman of Macquarie Bank in mid-2007, and now divides his time between work in the private and public sectors. Mr Johnson is a senior adviser to Gresham Partners, chairman of Alinta Energy, and a former director of Westfield Group. Mr Johnson has been a director of a number of public companies, including Macquarie Group, AGL Energy, Pioneer International, GPG Plc, Santos and the Sydney Futures Exchange.

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Glenn Dovaston, CEO

+30 years experience in the mining and resource sectors. Mr Dovaston is a mining engineer with extensive experience in corporate development, strategic planning, project feasibility, project development and operational excellence. Previously Mr Dovaston was CEO for Millennium Minerals and has held senior roles with a number of gold companies including Newcrest, Barrick, Resolute, Sons of Gwalia and North Ltd . Mr Dovaston holds a Bachelor of Engineering from University of South Australia and a Masters of Mineral Economics from Curtin University

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Stephen Baghdadi, Director

Mr. Baghdadi is experienced in identifying and securing opportunities across a range of sectors. Since 1991 he has been a director of several ASX listed companies including the Horizon Group, Afro-West, Alamain Investments, Marino as well as privately held controlling interests in manufacturing, software development and property concerns. Mr. Baghdadi has completed several transactions in Australia, South East Asia, Europe and North America.

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Greg Hall, Non-Executive Director

+40 years experience as an exploration geologist. From 1988-2005, Mr Hall was employed by the Placer Dome group of companies, serving as Chief Geologist - World Wide (2000-2005). Placer Dome was acquired by Barrick Gold Corporation in 2006. Over the course of his career, Mr Hall played an integral role in the discoveries of both Gold Field's Granny Smith mine and Rio Tinto's Yandi iron ore mine. Mr Hall holds a Bachelor of Applied Science from the University of New South Wales.

John Smith, CFO / Company Secretary

Mr Smith is a Certified Practising Accountant with over 35 years experience as CFO and Company Secretary of ASX listed and unlisted companies. He holds a Bachelor of Commerce from University of NSW and a Masters of Business Administration from University of New England.

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Clint Fletcher, Onsite General Manager

26+ years of experience as a plant processing professional focused primarily on mill processing and plant operations management. Mr Fletcher’s experience has including working with BHP Copper and Rio Tinto. While at Rio. Mr Fletcher has significant experience in plant automation and distributed control systems and is considered an expert at mill processing (crushing, grinding, flotation and tails management).

Leonard Karr, Onsite Chief Geologist

39 years of exploration and mining experience on five continents, roles included Chief Mine Geologist at the London Mine, and Project Geologist at Lihir. Subsequently Mr. Karr worked as a consulting exploration geologist, project manager and VP of Exploration for a variety of companies including Placer Dome and Orvana Resources. His exploration experience covers the spectrum of mine site to regional scale programs and includes the design, budgeting and implementation of these programs. Mr. Karr has an MSc in Geology from Colorado State University and a BSc in Geological Engineering from Michigan Technological University. He is a Certified Professional Geologist with the American Institute of Professional Geologists and a Qualified Person under NI 43-101.

Dateline Resources Limited | Investor Presentation

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Colorado – A Tier 1 Jurisdiction

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• World class gold region in a Tier 1 jurisdiction, USA

• 250km SW of Denver, Colorado, within the 25 million ounce Colorado Mineral Belt

• Under US law, the owner of the freehold also owns mineral rights in perpetuity

• Dateline owns the freehold

• No state or Federal royalties

• Reliable mining and permitting state codes

• Reputable exploration and mining suppliers and contractors readily available

• Modern communication and transport infrastructure

• Skilled resource industry labour force

Located in a world class gold mining region

Dateline Resources Limited | Investor Presentation

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Consolidation of Gold Links Project

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• District-wide but individually owned mining operations commenced in the 1880’s through to WWII

• Disparate ownership of the 250+ different mining claims prohibited the evaluation of the district as a large and connected regional system

• Since September 2016 and with the assistance of funding from its major shareholders, Dateline has completed 8 transactions to consolidate 100% ownership of this district

• Assets acquired include

• Almost 2,000 acres of freehold land

• 4 known high grade gold zones

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• A modern sulphide processing plant

• Production, Geology and Metallurgy data

• All operating permits required have been granted

Consolidation has provided a pathway to identifying a large regional resource

Dateline Resources Limited | Investor Presentation

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Gold Links Project

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Sacramento
Adit
Raymond
Adit
Reynolds
Adit Carter
Adit
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Dateline Resources Limited | Investor Presentation
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Gold Links - A high-grade gold system

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• Consolidation of significant quantity of data and records indicate wide-spread distribution of high-grade gold

• Smelter and production records indicate grades up to 240 g/t with an average grade at 15-20 g/t within all 4 previously mined areas*

• Recent drilling and sampling by Dateline at the Gold Links have returned similarly high grades of up to 250g/t

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Consistent high-grade gold system over 4km

• Production records were sourced from the following documents: R.D. Crawford and P.G. Worcester – Bulletin 10, Geology and ore deposits of the Gold Brick District COLORADO 1916; R. J. Kehmeier – Carter-Raymond Project – Detailed evaluation report, Atlas Precious Metals 1984; H. L Bird Summary of available information on the Gold Links mine, Geologic Surveys 1956 Dateline Resources Limited | Investor Presentation

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Gold Links – open at depth

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• Access to previous mining areas was via adits driven from valley floor.

• Mining generally went up from the adits and used gravity to feed the ore onto level rail cars

• Modern and cost effective declines open up potentially significant ore zones below previous working levels.

• Reports from the Carter zone indicate grades up to 155 g/t 30 metres below the adit level.

• Drilling at the Reynolds completed 80m below the previous workings on the 2150 vein (C8 hole) returned 91 g/t

• Exploration and Development below the adit levels confirm that mineralisation exists below the previous workings.

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Evidence of high-grade gold below previous workings

Dateline Resources Limited | Investor Presentation

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Gold Links – Multiple mapped veins

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• Mapping from underground and on surface

• proves existence of multiple veins

• High grade ore recorded in all previous mine

• workings

• Only a fraction of this area has been mined

• Similarities in the Geology and vein

• geochemistry indicate veins will link up between the adits

• Significant additional discovery upside from

multiple veins over a 4km strike

Significant evidence of a large high-grade gold system

Dateline Resources Limited | Investor Presentation

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Gold Links – First Target

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First Target

500,000t @13-17 g/t for JORC resource of 190-240koz*

• Please see disclaimer for further detail in relation to the conceptional nature of Dateline’s mineral target and estimates.

Dateline Resources Limited | Investor Presentation

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Gold Links – The 2150 Vein

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• Records estimate up to 50,000oz previous production from the 2150 vein

• Dateline’s 2018 drilling of the up-dip extension of the 2150 vein include Intersects of:

• 1.9m @ 80.0 g/t

• 2.2m @ 34.8 g/t

• 1.9m @ 29.7 g/t

• 0.3m @ 223g/t

• Dateline’s recently completed sampling of 2150 vein includes 250g/t, 151g/t and 38g/t samples

• High grade ore extracted from the Lyons winze in 1915 averaged over 8 oz/t (240g/t) (Bird 1956)

• High grade ore extracted from the Morris winze in 1922 averaged over 3.3 oz/t (100g/t) (Bird 1956)

• 1977 C8 drill hole grading 91g/t over 1.2 m true width confirmed continuity of grade 80m below main workings.

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Pursuing extensions of known high grade mineralisation

Dateline Resources Limited | Investor Presentation

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Gold Links – The 2150 Vein Drill Program

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Previous workings
1750 Drill Drive
350m
Adit to
surface
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• Develop 500m drill drive from existing adit and establish drill stations

• Drill to intersect the 2150 vein (North-side) down to 350m below the base of the previous workings

• Diamond Drilling of ~9,150m

• Log and assay core and provide updates to market on an ongoing basis.

• Program to target grade of 13-17g/t

Simple and well-defined drilling program

Dateline Resources Limited | Investor Presentation

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Development Path

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Delineate a maiden JORC resource by August 2019 Short Term Plan

July to December 18 January to May 19 June to July 19

August to December 19

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• CONFIRMATION AND DEVELOPMENT JORC RESOURCE DEVELOPMENT AND CLARIFY DRILLING • Complete diamond GROWTH

• ✓ Confirmed continuity • Develop 500m drill drilling • Commence drilling of or ore zone below drive from existing • second target area Assay, log and

• previous workings on adit with view of interpretation of core

• ✓ 2150 vein • Diamond drill 2150 • Wireframing and • increasing inventory Review all previously vein up to 400m below Commence mining defining ore zones

• produced data existing previously feasibility study

• ✓ mined level • Announce maiden Mapping and sampling JORC resource

• below existing stopes on 2150 vein • Determine second

• ✓ target area for Design drill program brownfields

• below previous exploration program

• working on the 2150 vein

Focusing on developing a large high-grade resource and move to production

Dateline Resources Limited | Investor Presentation

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Top 5 Gold Mines in the world by grade

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Gold Dateline Links USA Resources 13-17 g/t ? Project

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Dateline expects to be a high grade gold producer

Dateline Resources Limited | Investor Presentation

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Potential Valuation

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Description	Ounces	Market Cap $A	Grams of Gold per tonne
Doray Minerals (DRM)	300,000*	156m	5
Artemis Resources (ARV)	300,000**	101m	2.0
Millennium Minerals (MOY)	300,000*	164m	1.57
Pantoro (PNR)	200,000*	142m	8
Orminex (ONX)	200,000**	116m	10.9

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Valuation upside on success of exploration program

Reserve *Resource *** Assuming rights issue is fully subscribed

Dateline Resources Limited | Investor Presentation

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Positioned to deliver outstanding returns for Investors

• Low risk Tier 1 mining Jurisdiction

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Colorado USA

• High Grade Previous Production

Average grades of 15-20g/t

• Low risk exploration plan

Targeting established and understood mineralised veins

• High probability for a large high grade resource

• Multiple veins over 4km

• Low Capex to Production

• Access to underground already developed

• Modern processing plant has produced high-grade concentrate up to 767g/t*

• Low market cap with significant upside

• Current market cap is $7.24

The Gold Links Project has the potential to be a high grade multi-million oz gold project

• As disclosed to ASX in June 2018 Quarterly report

Dateline Resources Limited | Investor Presentation

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Capital raising overview – the opportunity

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Offer Size	►Equity issue to raise up to $14.49M
Overview	►Aggressively priced
	►Pro-rata issue ensures that all shareholders can participate equally
	►$.002 per fully paid ordinary share
Offer Price	►80% discount to last closing price of $0.01 per share ►88.7% discount to 30 day VWAP of $0.0093 per share
	►26.7% discount to TERP of $0.0027 per share
Ranking	►New Shares issued under the Rights Issue will rank equally with existing Dateline shares
Underwriting	►Partially underwritten to $7,243,851 of the issue ►Management is contributing $1m in cash as part of the underwriting
Major	►Southern Cross Exploration NL and Mr. Mark Johnson to take up their full entitlement by
Shareholders	converting loans advanced to the Company into equity
Use of Funds	►Eliminate $7.15M of debt. Apply $7.34M towards brownfields exploration and working capital *
Further	►Further details of the Right Issue, including how to participate is included in the Offer
Information	document
	►Rights Issue is made only to eligible shareholders resident in Australia and New Zealand
	and also to shareholders based in Singapore who qualify as "institutional investors" as
Eligibility	defined in the Securities and Futures Act of Singapore at the recorddate of Wednesday, 5
	December 2018.
The	Company will be adequately funded to execute its growth strategy

• Assumes full $14.5 million is raised

Dateline Resources Limited | Investor Presentation

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Strengthened Balance Sheet

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Equity issue will right size Dateline’s capital structure

enabling a focus on brownfields exploration, creating a JORC resource and increasing gold inventory

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Current Position (As at Issue close date of 31/1/2019) Post $14.49 M Capital Raising
Cash $0.1 M
Cash
Southern Cross $7.35M
(SXX) $5.1M
Total Debt
Funding Debt Southern Cross
$8.35 M
Solution (SXX)
Mark Johnson
Non-Current
$2.4 M $0.3 M
Debt
Loans
Trade $0.85 M Mark Johnson
Creditors Non-Current $1.0 M
Loans
Market Cap $7.24M
Market Cap Market Cap $15.9M
(724M shares on issue @ $0.01¢)
(7.96B shares on issue @ $0.002¢)
Current Non Current
53.5% loans deferred
7.5%
Debt [*]
for 24 months
Strong Balance Sheet and a Defined Credible Strategy for building a Sustainable Gold Mining Company
• Defined as Total current Debt/(Total current Debt + Market Capitalisation) ** Assuming rights issue is fully subscribed
Dateline Resources Limited | Investor Presentation 20
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Pro-forma Capital Structure

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1. Balance sheet Strengthened

1. $5.0m allocated to underground development and exploration.

Post-Offer Capital Structure*	Amount
Shares on Issue	7.96b
Market Capitalisation @ 0.2¢ Issue Price	$16.0m
Cash	~$8.13m
Debt	~$1.3m
Enterprise Value	~$9.2m

1. Near term valuation upside from exploration success

Use of Funds*	Amount
Post-Offer Cash	~$14.4m
Debt to Equity Conversion	($6.3m)
Payment to creditors	($0.5m)
Working Capital & Costs of Offer	($2.6m)
Gold Links Stage 1 Development Capital*	($5.0m)

• Assuming rights issue is fully subscribed

Dateline Resources Limited | Investor Presentation

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Indicative Transaction Timetable

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Event	2018/2019
Announce terms of Offer and Capital Raise Friday, 30 November 2018
Trading of Entitlements Commences Tuesday, 4 December 2018
Record Date Wednesday, 5 December 2018
Despatch Offer Booklet and Acceptance Forms Monday, 10 December 2018
Trading of Entitlements Ends Wednesday, 23 January 2019
Offer Closing Date Thursday, 31 January 2019
Advise ASX of under-subscriptions Tuesday, 5 February 2019
Issue of New Shares Thursday, 7 February 2019

Dateline Resources Limited | Investor Presentation

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Thank you

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Sacramento
Adit
Raymond
Reynolds Adit
Adit Carter
Adit
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Dateline Resources Limited | Investor Presentation

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Appendix A – Asset summary

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METRIC	1 – REYNOLDS & SACRAMENTO	2 - RAYMOND & CARTER	2 - RAYMOND & CARTER	3 - LUCKY STRIKE MILL &MINE
Ownership	100%	100%		100%
Independent Valuation	US$14.4m for freehold land and other tangible assets
Grades	Average grade of 22.75g/t Au and 64.33g/t Ag	Historical grades of 15.5g/t Au		Historical grades of 12-15g/t Au
Strike Length	• >4km of regional strike length consolidated through acquisition of Reynolds, Raymond & Carter properties • Multiple parallel veins across all the properties • Veins traced at surface and underground with systematic sampling and trenching • Extensive artisanal mining on the properties			• 2km strike length
Production History	Sacramento Vein (1896-1902)	Carter Mine (1890’s-1906, 1939-1941)		Lucky Strike Mill
	• US$930,000 of Au and Ag mined • Equates to circa 35,000oz Au and 465,000oz Ag (valued at approximately US$20m in today’s dollars) • 600m of strike mined	• Founded by the Carter Brother in 1890’s • In production until 1940’s when WWII started • 65,000oz Au and 100,000oz+ Ag • Atlas Minerals 1985 non-JORC Compliant Resource of 1.5Mt at 15.5g/t Au for 750,000oz Au		• Gravity and flotation circuit, built in 1981 at a cost of US$2.5m for 50tpd throughput • Modernised in 2013 at a cost of US$6m for 120tpd throughput • Recommissioned by Dateline in 2017-18 • Concentrate contained 767grams of gold per tonne in 2018
	2150 Vein (1908-1912)	Raymond Mine (1890’s-1906, 1939-1941)		Lucky Strike Mine
	• US$800,000 of Au and Ag mined • Equates to circa 35,000oz (valued at approximately US$31m in today’s dollars) • 650m of strike mined at an average thickness of 0.9m (upto 7m)	• 15,000oz Au and 30,000oz Ag		• Historical grades of 12-15g/t Au • Mine comprises of 2 shafts and several drifts
Exploration History	Multiple drill holes prove extension of mineralisation of 2150 vein and Sacramento zone at depth	• >4,000 trench and channel samples taken • 20 diamond drill holes completed • Atlas Minerals 1985 Non-JORC compliant resource calculated to be 1.5mt at 15.5g/t for 750,000oz Au		• Surface Trenching and underground sampling
Permitting	• Fully permitted	• Permitting lead-up work has commenced • Target permit date Q’12020		• Fully permitted

Dateline Resources Limited | Investor Presentation

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