Funding for Colosseum Project

About this update from Dateline Resources Limited

[{"type":"text","content":"Sales Proceeds to be used at Colosseum","length":38,"tagName":"p"},{"type":"text","content":"Dateline Resources Sells Udu Copper Project, Boosts Focus on Colosseum Gold-REE Project in California","length":101,"tagName":"p"},{"type":"text","content":"NEW YORK CITY, NY / ACCESS Newswire / May 12, 2025 / Dateline Resources Limited (OTC Pink:DTREF) ("Dateline" or "the Company") is excited to announce the sale of its full interest in Dateline Resources Pty Ltd (Fiji), the 100% owner of the Udu Copper Project in Fiji, to Viva Metals Pty Ltd, an Australian private group building a robust portfolio of mining assets in Fiji. This strategic move allows Dateline to sharpen its focus on its flagship Colosseum Gold and Rare Earth Element (REE) Project in California, while ensuring the Udu Project's future growth under an owner committed to Fiji's economic development. Dateline extends its gratitude to the Fijian Government, local communities, and landowners for their support and is confident that Viva Metals will continue to drive positive outcomes for Fiji.","length":839,"tagName":"p"},{"type":"text","content":"Transaction Highlights","length":22,"tagName":"p"},{"type":"text","content":"The sale agreement provides Dateline with a mix of immediate cash, equity, and future milestone payments for the Udu Project:","length":125,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$250,000 USD (approx. A$350,000) in cash, payable within 45 days.","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"$650,000 USD (approx. A$1,000,000) in shares issued to Dateline upon Viva Metals (or its nominee) achieving a future listing on the Australian Securities Exchange (ASX).","length":169,"tagName":"p"}]},{"val":[{"type":"text","content":"Up to $2 million USD (approx. A$3,000,000) in milestone payments, structured as:","length":80,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$500,000 USD (approx. A$750,000) upon Viva Metals delineating a JORC-compliant Indicated Mineral Resource of at least 150,000 ounces of gold equivalent at Udu.","length":159,"tagName":"p"}]},{"val":[{"type":"text","content":"$500,000 USD (approx. A$750,000) upon the start of commercial production at Udu.","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"A 1% Net Smelter Return (NSR) roy...

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