Colosseum Project Advances in Feasibility Study

Dateline Resources Limited has reached significant milestones in the Bankable Feasibility Study (BFS) for the Colosseum Project in San Bernardino, California. This study, which confirms parameters from the initial Scoping Study, shows noteworthy progress with advanced metallurgical testing, indicating a 91-92% gold recovery rate. The geotechnical work suggests potential for more efficient open pit designs, enhancing economic outcomes.

Additionally, the study has uncovered historical concrete foundations that may reduce construction costs. The company is transitioning to a closed loop water management system, increasing environmental responsibility and efficiency. Current market conditions, such as the rising gold price now at over $4,600/oz, are projected to positively impact the project’s economic viability.

The BFS team is negotiating long-lead items to ensure timely development. Final designs and scheduling are underway, with further drilling and testing planned. The completion of this comprehensive feasibility study will offer detailed insights into the project's potential and guide future development decisions.