Importantly, the bankable feasibility study is being conducted entirely within Dateline’s existing mining rights and permitted operational plan, which will speed up the restart of the approvals process.
If its final studies stack up and finance falls into place, Dateline says it could have shovels-in-ground and be pouring first gold shortly after completing its desktop work.
In a potentially lucrative twist, the company is also exploring the sale of waste rock and tailings as aggregate to local concrete producers. The region is going through a construction boom that could ultimately deliver Dateline an additional revenue stream without any further major capital expenditure.
Adding even more sizzle to the story is Colosseum’s intriguing, rare earths potential. The project lies less than 10 kilometres from the famous Mountain Pass mine, the only large, rare earths operation in the United States. Dateline is already studying carbonatite and mantle-derived rocks at Colosseum that bear similarities to Mountain Pass geology – hinting at a compelling critical minerals angle that could boost the project’s strategic value.
With gold flying high in a country hungry for domestic mineral supply, Dateline’s Colosseum project could soon step onto a much bigger stage.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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