Dateline Resources Secures $1 Million Investment from Managing Director

Dateline Resources Limited, an Australian mining company, announced a $1.06 million investment by Managing Director Stephen Baghdadi. By exercising 53,000,208 share options, Baghdadi's stake rose to 12.85%. This move highlights his support for Dateline's Colosseum Gold and Rare Earth Elements Project in California.

The investment enhances Dateline's financial standing, raising its cash and option exercise commitments to nearly $9 million. The capital will aid exploration and development at the Colosseum site, boasting a JORC-compliant Mineral Resource estimate of 27.1 million tonnes at 1.26 g/t gold, equaling 1.1 million ounces.

The Colosseum Project is strategically located near Mountain Pass Rare Earth mine, adding to its attractiveness in the critical minerals market. Dateline's recent economic updates project a $550 million NPV and a 61% IRR. The Board supports Baghdadi's commitment, reinforcing confidence in delivering long-term shareholder value.