Highlights
- George Brack and Phillips Baker Jr appointed as non-executive director of Dateline Resources.
Highly experienced North American mining managers: Mr. Brack has more than 30 years of experience in mining finance and business development (including 16 years at Wheaton Precious Metals), while Mr. Baker Jr. Was Chief Executive Officer of Hecla Mining for 23 years.
Agreements are in line with Dateline’s strategy to advance the Colosseum Gold-REE Project and expand the company’s presence in North America, adding valuable expertise ahead of anticipated project development.
Mr. George Brak is a mining executive and financial professional with more than 30 years of experience in the North American mining sector. He currently serves as Chairman of the Board of Directors of Wheaton Precious Metals (WPM), where he has served for the past 16 years. Mr. Brack’s previous directorships include serving as chairman or director of multiple successful mining companies, including Capstone Copper (CS) (lead independent director until 2023) and Red Back Mining, among others. Mr. Brack’s career has included senior positions in mining investment banking and business development, including as Vice President of Corporate Development at Placer Dome, with a focus on strategic mergers and acquisitions and project finance.
Mr. Phillips Baker Jr is a highly regarded American mining leader with 30 years of leadership experience. He served as Chief Executive Officer of Hecla Mining Company (NYSE: HL) for 23 years (2001-2024) and served on Hecla’s board of directors during that period. Under his leadership, Hecla grew to become the largest primary silver producer in the United States and expanded its portfolio to include long-lived gold assets, including the Casa Berardi mine in Quebec. In 2017, Mr. Baker received the William Lawrence Saunders Gold Medal from the American Institute of Mining, Metallurgical, and Petroleum Engineers (AIME), in recognition of his significant contributions to the industry.
Dateline chairman Mark Johnson AO said: “We are pleased to welcome two highly respected mining executives to Dateline’s board of directors. Mr. Baker’s experience leading Hecla Mining and Mr. Brack’s extensive background in mining finance and business strategy are exactly what we need as we move the Colosseum Project towards production. Their North American experience and proven leadership will be valuable in helping realize the full potential of the Colosseum Project and our broader critical minerals objectives in the US. These appointments strengthen our Board of Directors significantly, and now that our Board of Directors has been strengthened, this will provide support for our Managing Director, Stephen Baghdadi.”
George Brak said: “When I was approached for this role, I recognized the opportunity that the Colosseum presents. Having worked in the mining industry for many decades, I can see that Colosseum has all the ingredients to become a successful business. I look forward to working with the Dateline team to complete the feasibility work and help bring the Colosseum project into production, delivering value to shareholders.”
Phillips Baker Jr said, “After studying Dateline and its gold and critical minerals projects, I felt this is an exciting development opportunity, with significant growth potential. There is no better time to advance a U.S. gold and rare earths project, and I look forward to helping Dateline bring the Coliseum into production.”
This press release has been approved for publication by the board of directors of Dateline Resources Limited.
For more information please contact:
Stephen Baghdadi
Director
+61 2 9375 2353
Andrew Rowell
Manager Corporate & Investor Relations
+61 400 466 226
a.rowell@dtraux.com
www.datelineresources.com.au
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About Dateline Resources Limited
Dateline Resources Limited (ASX:DTR,OTC:DTREF)(OTCQB:DTREF)(FSE:YE1.F) 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 Coliseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California. On June 6, 2024, the company announced to the ASX that the Colosseum gold mine has a JORC-2012 compliant mineral resource estimate of 27.1 Mt @ 1.26 g/t Au for 1.1 Moz. Of the total mineral resources, 455 koz @ 1.47/t Au (41%) is classified as measured, 281 koz @ 1.21 g/t Au (26%) as indicated and 364 koz @ 1.10 g/t Au (33%) as inferred.
On May 23, 2025, Dateline announced that the updated economics for the Colosseum Gold Project generated an NPV6.5 of US$550 million and an IRR of 61% at a gold price of US$2,900/oz.
The Colosseum is located less than 6 miles (10 km) north of the Mountain Pass Rare Earth mine. Planning has begun for testing the REE potential at the Colosseum.
Dateline also acquired the high-value Argos Strontium Project, also located in San Bernadino County, California. Argos is reported to be the largest strontium deposit in the US, with previous celestite production of 95%+ SrSO4.
Forward-Looking Statements
This announcement may contain “forward-looking statements” regarding 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 beyond Dateline Resources’ ability to control or accurately estimate, such as future market conditions, regulatory changes and the behavior of other market participants. Dateline Resources cannot provide any assurance that such forward-looking statements will prove to be correct. The reader is cautioned not to place undue reliance on these forward-looking statements. Dateline Resources assumes no obligation and undertakes no obligation to publicly update or revise the forward-looking statements set forth herein, whether as a result of new information, future events or otherwise, except as required by law.
Declaration of competent person
Sample preparation and any exploration information contained in this announcement is based on work reviewed by Mr Greg Hall, a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience relevant to the style of mineralization and type of deposit contemplated and to the activity he undertakes 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 matters based on this information being included in the report in the form and context in which it appears.
Company confirmations
The Company confirms that it is not aware of any new information or data that materially affects the information contained in the announcements dated October 23, 2024 regarding the Colosseum MRE and May 23, 2025 regarding Colosseum Project Economics. Likewise, the Company confirms that all material assumptions and technical parameters underlying the estimates and forecast financial information referred to in those prior announcements still apply and have not materially changed.
SOURCE: Dateline resources limited
View the original press release on ACCESS Newswire
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