Dateline Resources Limited ( (AU:DTR) ) just unveiled an update.
Dateline Resources Limited has announced the commencement of a Bankable Feasibility Study (BFS) for its Colosseum Gold Project in California, following a positive Scoping Study. The BFS aims to explore the potential of open pit mining to produce approximately 75,000 ounces of gold annually over 8.5 years. With the gold price significantly higher than the initial Scoping Study estimates, the company anticipates a favorable financial outcome, potentially expanding the project’s scope. Additionally, Dateline is exploring the sale of waste and tailings materials as by-products, which could further enhance project profitability.
More about Dateline Resources Limited
Dateline Resources Limited is a company operating in the mining industry, focusing on gold and rare earth elements. The company is engaged in the development of the Colosseum Gold Project in California, USA, with a significant emphasis on gold production and potential rare earth elements extraction.
Technical Sentiment Signal: Buy
Current Market Cap: A$16.59M
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