• Colosseum Gold-REE Project in California has 27.1Mt @ 1.26g/t Au for 1.1Moz Au
• Bankable Feasibility Study underway, construction to begin after completion
• Rare earths potential at Colosseum, similar geology to nearby Mountain Pass mine

Dateline Resources Ltd (ASX: DTR, OTCQB: DTREF, FSE: YE1) provided an update on the progress of its Colosseum Gold-REE Project in California in the Chairman's Address to Shareholders. The company's persistent US government relations efforts have resulted in the formal confirmation of its valid and existing rights to mine and process gold and rare earths at the project. This has led to increased investor interest, particularly from US-based investors, who now hold nearly 40% of the company's shares. The Colosseum Gold Project has a JORC-2012 compliant Mineral Resource estimate of 27.1Mt @ 1.26g/t Au for 1.1Moz Au, with 67% in Measured and Indicated categories. The Bankable Feasibility Study for the project remains on track for completion in Q1 2026, and the necessary approvals to restart mining are already secured. The company expects to begin construction shortly after the completion of the study, marking a key step toward Dateline becoming a gold producer. The company is also assessing the value of increasing the overall production of the mine by lowering the cut-off grade. Additionally, the company has generated new gold and rare earth targets outside the existing pit areas, which are moving closer to discovery and will eventually be integrated into the mine plan. Dateline has also acquired the high-grade Argos Strontium Project, located in the same region as the Colosseum project. The company is actively seeking to enhance its US expertise at the leadership level by adding a US-based director with direct experience in the US mining industry.

The updated Colosseum Gold Project scoping study, using a gold price assumption of US$2,900/oz, demonstrated an 8.5-year mine life, producing an average of 75,000 ounces of gold per year, for a total of approximately 635,000 ounces over the life of mine. This yielded a pre-tax net present value of about US$550 million and an internal rate of return of 61%. The additional $1,200/oz increase in the gold price since the May 2025 update is expected to have a material positive impact on the project's economics.

Dateline's near-term priorities include ensuring the successful completion of the Bankable Feasibility Study, securing project financing for the Colosseum Gold Project, and structuring the Board and management to align with the company's long-term operational and strategic needs. The company will also continue its gold and rare earth exploration activities on its property.