The current net present value sits at an impressive US$550 million ($850 million) and an internal rate of return above 60 per cent, based on a conservative US$2900 ($4470) per ounce gold price – numbers that should skyrocket with current spot prices.
Meanwhile, the project’s rare earths angle remains in play, with geology echoing the nearby world-class Mountain Pass mine just 10 kilometres south. Drill plans are underway to probe the company’s look-a-like carbonatite targets.
Dateline has also recently picked up the strategic Argos strontium project in America, noting that for its scale and historical high-grade output, the prospect screams serious critical minerals upside – ripe for further evaluation.
For now though, the focus is squarely on feeding the gold feasibility study.
With assays still flowing and modelling in progress, Dateline could soon eye a beefier resource tally and improved economics, paving a clearer path for Colosseum to turn into a producing gold mine.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
