Star Metro - Dateline Completes A$50M Institutional Placement to Advance Colosseum

SAN BERNARDINO, CA / ACCESS Newswire / April 1, 2026 / Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF)(FSE:YE1) (Dateline or the Company) is pleased to announce it has completed a A$50 million (US$35 million) placement to leading institutional investors, significantly strengthening its financial position.

Highlights

• $50 million Institutional Placement Completed: Dateline has raised A$50 million (US$35 million) via a placement to leading institutional investors.

• Strong Balance Sheet: Following the Placement, Dateline has increased its cash holdings to $96 million.

• Development Momentum to Continue: Enabling works already commenced to support rapid transition into production.

• Project Finance: Funds raised to underpin ongoing works and form equity for project finance facility.

• BFS Update: Feasibility Study scheduled for completion April 2026.

The Placement was completed under the Company's existing placement capacity pursuant to ASX Listing Rule 7.1, and as required under ASX Listing Rules, an Appendix 3B will follow this announcement. Shaw and Partners Limited acted as Lead Manager and Bookrunner to the Placement.

The issue price was A$0.40 per share, resulting in the issuance of 125,000,000 new Ordinary shares (Placement). The new shares will represent approximately 3.3% of Dateline's enlarged share capital. Following completion of the placement, Dateline's cash holdings will have increased to approximately A$96 million (US$68.2 million), providing a strong balance sheet to advance development activities and support the next phase of the Company's growth strategy.

Institutional Support

Over 95% of the funds raised were from financial institutions This level of institutional participation reflects confidence in the Company's strategy and the underlying quality of the Colosseum asset.

Dateline's Managing Director, Stephen Baghdadi, commented:

"This raise drew strong support from high-quality institutional investors, a clear endorsement of what Colosseum represents.

"We're not standing still. Enabling works are already underway and we're pushing ahead on multiple fronts to make sure the project is ready to move into production quickly when the time comes.

"We're also taking the time to get key elements right, particularly water management. Doing that properly now pays dividends for the operation and the environment over the long term."

Use of Funds

Funds raised will be applied to:

• Advancing enabling and site development works,

• Progressing procurement of key processing infrastructure,

• Supporting final optimization workstreams,

• Providing the equity component for a future project finance facility, and

• Continue aggressive exploration at both the Colosseum and Music Valley projects.

Project Finance

The funds raised enable the Company to get ahead of the financing curve, specifically, building the equity base that a future project finance facility will require. Rather than scrambling to establish that position later, the Company is doing it now, keeping the path to production clear and uninterrupted. The result is less execution risk and greater funding certainty.

Colosseum Gold Project

Development momentum at the Colosseum Project continues to build, with enabling works already commenced to support a rapid transition into production. Early-stage activities, including site civil works and preparation for installation of key infrastructure, are being advanced in parallel with final project optimization, ensuring the Company is positioned to move efficiently into the next phase of development.

The Bankable Feasibility Study is on track for completion in April 2026. Final workstreams are focused on refining key aspects of the project, including improvements to the wastewater management system, to make sure the Study reflects the strongest possible operational and environmental outcomes. All the major work programs have been completed, largely confirming the outputs of the Scoping Study. A short animation walking through the water discharge process is available on the Company's YouTube channel here.

SEC Registration Process

The SEC registration process is moving forward, with the Company's accounts restated to US GAAP standards and Ernst and Young appointed as the international auditor.

Lead Manager

Shaw and Partners were paid a management fees of 2% of the proceeds raised under the offer. It also received a selling fee of 4% of the proceeds under the offer excluding any Chairman's list up to $3,000,000.

Also under the existing capacity under ASX Listing Rule 7.1, Shaw and Partners (or its nominee) will be issued 2.23M options with an exercise price of $0.60 with a 24-month expiry from the date of issue of shares under this placement.

This press release has been authorized for release by the Board of Dateline Resources Limited.

For more information, please contact:

Stephen Baghdadi
Managing Director
+61 2 9375 2353

Andrew Rowell
Corporate & Investor Relations Manager
+61 400 466 226
[email protected]
www.datelineresources.com.au

Follow Dateline on socials:
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About Dateline Resources Limited

Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF)(FSE:YE1) is an Australian company focused on mining and exploration in North America. The Company owns 100% of the Colosseum Gold-REE Project in California.

The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California. On 6 June 2024, the Company announced to the ASX that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 27.1Mt @ 1.26g/t Au for 1.1Moz. Of the total Mineral Resource, 455koz @ 1.47/t Au (41%) are classified as Measured, 281koz @1.21g/t Au (26%) as Indicated and 364koz @ 1.10g/t Au (33%) as Inferred.

On 23 May 2025, Dateline announced that updated economics for the Colosseum Gold Project generated an NPV6.5 of US$550 million and an IRR of 61% using a gold price of US$2,900/oz.

The Colosseum is located less than 10km north of the Mountain Pass Rare Earth mine. Planning has commenced on drill testing the REE potential at Colosseum.

Dateline owns 100% of the high-grade Argos Strontium Project, also located in San Bernadino County, California. Argos is reportedly the largest strontium deposit in the U.S. with previous celestite production grading 95%+ SrSO₄.

In March 2026, Dateline consolidated the Music Valley Heavy Rare Earth Project in Riverside and San Bernardino Counties, California. The region has known HREE mineralization from USGS rock chip sampling, however it has not been subjected to modern exploration techniques.

Forward-Looking Statements

This announcement may contain "forward-looking statements" concerning Dateline Resources that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Dateline Resources' ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behavior of other market participants. Dateline Resources cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements. Dateline Resources assumes no obligation and does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.

Competent Person Statement

Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr. Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr. Hall has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr. Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Company Confirmations

The Company confirms it is not aware of any new information or data that materially affects the information included in the announcements dated 23 October 2024 with regard to the Colosseum MRE and 23 May 2025 with regard to Colosseum Project Economics. Similarly, the Company confirms that all material assumptions and technical parameters underpinning the estimates and the forecast financial information referred to in those previous announcements continue to apply and have not materially changed.

SOURCE: Dateline Resources Limited

View the original press release on ACCESS Newswire

S.Belanger--SMC