- Dateline Resources (DTREF, Financial) launches exploration at Colosseum Gold-REE Project with promising NPV of $550M.
- Initial survey results expected by July 2025, targeting gold and rare earth mineralization.
- Colosseum Project aims to bolster U.S. mineral supply chain with potential REE resources.
Dateline Resources (DTREF), an Australian mining and exploration company, has embarked on a comprehensive exploration program at its Colosseum Gold and Rare Earth Elements (REE) Project in San Bernardino County, California. This strategic initiative is set to tap into the robust potential of this significant asset within the mineral-rich Walker Lane Trend.
The exploration includes a 1,207-sample geochemical survey targeting high-priority areas, and a magneto telluric (MT) survey designed to map deep geological structures. Initial results are expected in early July 2025. Additionally, Dateline is considering implementing a ground-based magnetic survey to refine drill targets.
The Colosseum Project boasts a JORC-2012 compliant resource estimate of 27.1 million tonnes at 1.26 g/t gold, totaling 1.1 million ounces, with over 67% in the Measured and Indicated categories. Located just 10 kilometers from the world-renowned Mountain Pass REE mine, the project also shows substantial rare earth potential, with a projected NPV of $550 million and an IRR of 61% at a gold price of $2,900 per ounce.
Stephen Baghdadi, Managing Director of Dateline Resources, highlighted the importance of the exploration program, noting the significant shift in market conditions with higher gold prices and increased REE demand. This exploration effort emphasizes Dateline's commitment to strengthening America's strategic mineral supply chain.
