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Dateline Resources Limited ( (AU:DTR) ) has issued an update.
Dateline Resources Limited announced the confirmation of a high-priority rare earth element (REE) drill target at its Colosseum Gold-REE Project in California. The confirmation came from a second 3D magnetotelluric (MT) inversion model, which validated the initial findings from a previous model. This target, located at line 2200N, shows a resistive anomaly consistent with a carbonatite source, indicating potential for REE mineralization. The company plans to expedite drilling to test this target, alongside validating new gold targets, which could enhance shareholder value and strengthen its position in the mining sector.
More about Dateline Resources Limited
Dateline Resources Limited is a company operating in the mining industry, focusing on gold and rare earth elements (REE) exploration. The company is engaged in the Colosseum Gold-REE Project in California, USA, which is known for its significant gold and REE potential.
Average Trading Volume: 27,567,792
Technical Sentiment Signal: Buy
Current Market Cap: A$1.18B
For a thorough assessment of DTR stock, go to TipRanks’ Stock Analysis page.