Dateline Resources Limited · ASX:DTR
Dateline Resources — Shareholder Meeting (November 2018)
24 slides from Dateline Resources's shareholder meeting presentation, Nov 30, 2018
Slide 1: Growing a known high-grade gold deposit in a Tier-1 jurisdiction
Growing a known high-grade gold deposit in a Tier-1 jurisdiction COLORADO USA Dateline Resources Limited | Investor Presentation 1
Slide 2: Disclaimer - Important Information
Disclaimer - Important Information This presentation is an overview of Dateline Resources Limited (Dateline or the Company) and its minerals project prepared with good intention. It is not (and does it purport to be) a prospectus prepared in accordance with Chapter 6D of the Corporations Act (Cth) (
Slide 3: Investment Overview
Investment Overview • Located within Tier-1 jurisdiction - Flagship 100% owned Gold Links Project in Colorado • History of High Grade Production - over 150,000 oz Au with average grades of between 15-20 g/t Au, with grades up to 240 g/t • Extensive evidence of a large high-grade gold system within p
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure Stock Liquidity Ordinary Shares on Issue 724,495,810 6 Month 7.3m shares for ~$132k Share Price (ASX: DTR) 1.0¢ 12 Month 49m shares for ~$1.5m Market Cap (undiluted) $7.24m Top 20 85% Options (3.3 – 3.9c exercise) 45m Est. Cash $0.1m Current Debt $7.7m Enterprise
Slide 5: Board and Senior Management
Board and Senior Management Mark Johnson AO, Chairman +40 years investment banking experience. Retired as Deputy Chairman of Macquarie Bank in mid-2007, and now divides his time between work in the private and public sectors. Mr Johnson is a senior adviser to Gresham Partners, chairman of Alinta Ene
Slide 6: Colorado – A Tier 1 Jurisdiction
Colorado – A Tier 1 Jurisdiction • World class gold region in a Tier 1 jurisdiction, USA • 250km SW of Denver, Colorado, within the 25 million ounce Colorado Mineral Belt • Under US law, the owner of the freehold also owns mineral rights in perpetuity • Dateline owns the freehold • No state or Feder
Slide 7: Consolidation of Gold Links Project
Consolidation of Gold Links Project • District-wide but individually owned mining operations commenced in the 1880’s through to WWII • Disparate ownership of the 250+ different mining claims prohibited the evaluation of the district as a large and connected regional system • Since September 2016 and
Slide 8: Gold Links Project
Gold Links Project Sacramento Adit Raymond Reynolds Adit Adit Carter Adit Dateline Resources Limited | Investor Presentation 8
Slide 9: Gold Links - A high-grade gold system
Gold Links - A high-grade gold system • Consolidation of significant quantity of data and records indicate wide-spread distribution of high-grade gold • Smelter and production records indicate grades up to 240 g/t with an average grade at 15-20 g/t within all 4 previously mined areas* • Recent drill
Slide 10: Gold Links – open at depth
Gold Links – open at depth • Access to previous mining areas was via adits driven from valley floor. • Mining generally went up from the adits and used gravity to feed the ore onto level rail cars • Modern and cost effective declines open up potentially significant ore zones below previous working l
Slide 11: Gold Links – Multiple mapped veins
Gold Links – Multiple mapped veins • Mapping from underground and on surface proves existence of multiple veins • High grade ore recorded in all previous mine workings • Only a fraction of this area has been mined • Similarities in the Geology and vein geochemistry indicate veins will link up betwee
Slide 12: Gold Links – First Target
Gold Links – First Target First Target 500,000t @13-17 g/t for JORC resource of 190-240koz* * Please see disclaimer for further detail in relation to the conceptional nature of Dateline’s mineral target and estimates. Dateline Resources Limited | Investor Presentation 12
Slide 13: Gold Links – The 2150 Vein
Gold Links – The 2150 Vein • Records estimate up to 50,000oz previous production from the 2150 vein • Dateline’s 2018 drilling of the up-dip extension of the 2150 vein include Intersects of: • 1.9m @ 80.0 g/t • 2.2m @ 34.8 g/t • 1.9m @ 29.7 g/t • 0.3m @ 223g/t • Dateline’s recently completed samplin
Slide 14: Gold Links – The 2150 Vein Drill Program
Gold Links – The 2150 Vein Drill Program • Develop 500m drill drive from Previous workings existing adit and establish drill stations 1750 Drill Drive • Drill to intersect the 2150 vein (North-side) down to 350m below the base of the previous workings • Diamond Drilling of ~9,150m • Log and assay co
Slide 15: Development Path
Development Path Delineate a maiden Short Term Plan JORC resource by August 2019 July to December 18 January to May 19 June to July 19 August to December 19 CONFIRMATION AND DEVELOPMENT JORC RESOURCE DEVELOPMENT AND CLARIFY DRILLING • Complete diamond GROWTH ✓ Confirmed continuity • Develop 500m dri
Slide 16: Top Gold Mines in the world by grade
Top 5 Gold Mines in the world by grade Gold Dateline Links Project USA Resources 13-17 g/t ? Dateline expects to be a high grade gold producer Dateline Resources Limited | Investor Presentation 16
Slide 17: Potential Valuation
Potential Valuation Market Cap Grams of Gold Description Ounces $A per tonne Doray Minerals (DRM) 300,000* 156m 5 Artemis Resources (ARV) 300,000** 101m 2.0 Millennium Minerals (MOY) 300,000* 164m 1.57 Pantoro (PNR) 200,000* 142m 8 Orminex (ONX) 200,000** 116m 10.9 Valuation upside on success of exp
Slide 18: Positioned to deliver outstanding returns for Investors
Positioned to deliver outstanding returns for Investors • Low risk Tier 1 mining Jurisdiction Colorado USA • High Grade Previous Production Average grades of 15-20g/t • Low risk exploration plan Targeting established and understood mineralised veins • High probability for a large high grade resource
Slide 19: Capital raising overview – the opportunity
Capital raising overview – the opportunity Offer Size ► Equity issue to raise up to $14.49M ► Aggressively priced Overview ► Pro-rata issue ensures that all shareholders can participate equally ► $.002 per fully paid ordinary share ► 80% discount to last closing price of $0.01 per share Offer Price
Slide 20: Strengthened Balance Sheet
Strengthened Balance Sheet Equity issue will right size Dateline’s capital structure enabling a focus on brownfields exploration, creating a JORC resource and increasing gold inventory Current Position (As at Issue close date of 31/1/2019) Post $14.49 M Capital Raising** Cash $0.1 M Cash Southern Cr
Slide 21: Pro-forma Capital Structure
Pro-forma Capital Structure Post-Offer Capital Structure* Amount 1. Balance sheet Strengthened Shares on Issue 7.96b Market Capitalisation @ 0.2¢ Issue Price $16.0m Cash ~$8.13m 2. $5.0m allocated to Debt ~$1.3m underground development Enterprise Value ~$9.2m and exploration. 3. Near term valuation
Slide 22: Indicative Transaction Timetable
Indicative Transaction Timetable Event 2018/2019 Announce terms of Offer and Capital Raise Friday, 30 November 2018 Trading of Entitlements Commences Tuesday, 4 December 2018 Record Date Wednesday, 5 December 2018 Despatch Offer Booklet and Acceptance Forms Monday, 10 December 2018 Trading of Entitl
Slide 23: Thank you
Thank you Sacramento Adit Raymond Reynolds Adit Adit Carter Adit Dateline Resources Limited | Investor Presentation 23
Slide 24: Appendix A – Asset summary
Appendix A – Asset summary METRIC 1 – REYNOLDS & SACRAMENTO 2 - RAYMOND & CARTER 3 - LUCKY STRIKE MILL &MINE Ownership 100% 100% 100% Independent Valuation US$14.4m for freehold land and other tangible assets Grades Average grade of 22.75g/t Au and 64.33g/t Ag Historical grades of 15.5g/t Au Histori
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