Dateline Resources Limited (AU:DTR) has released an update.
Dateline Resources Limited recently announced the successful placement of a shortfall from a rights issue, raising an additional $1.27 million, complemented by a $392k follow-on placement due to high demand. The funds, totaling over $6.22 million, will advance the Colosseum Gold-REE Project in California, including a gold scoping study, further exploration, debt reduction, and general working capital. The Colosseum project boasts a JORC-2012 compliant Mineral Resource of 1.1Moz gold, with over 67% classified as Measured & Indicated, and shares geological similarities with the nearby Mountain Pass rare earth mine.
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