2021
ANNUAL REPORT
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021
ABN 63 149 105 653
Contents
Corporate Information
Chairman’s Letter
Operations Review
Directors' Report
Auditor’s Independence Declaration
Consolidated Statement of Profit or Loss and Other Comprehensive Income
Consolidated Statement of Financial Position
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flows
Notes to the Financial Statements
Directors' Declaration
Independent Auditor’s Report
Additional Information
1
2
3
4
12
21
22
23
24
25
26
52
53
58
2021 ANNUAL REPORT DATELINE RESOURCES
2
Corporate Information
Directors & Officers
Mark Johnson AO - Chairman
Bankers
Commonwealth Bank of Australia
Stephen Baghdadi - Managing Director
Greg Hall - Non-Executive Director
48 Martin Place
Sydney NSW 2000
Tony Ferguson - Non-Executive Director
Website: www.commbank.com.au
Bill Lannen - Non-Executive Director
John Smith - Company Secretary
Auditors
HLB Mann Judd (Assurance) NSW Pty Ltd
Registered Office
Level 29
2 Chifley Square
Sydney NSW 2000
PO Box 553
South Hurstville NSW 2221
T: +61 (02) 8231 6640
F: +61 (02) 8231 6487
E-mail: info@datelineresources.com.au
Level 19, 207 Kent Street
Sydney NSW 2000
Website: www.hlb.com.au
Share Registry
Automic Pty Ltd
L5, 126 Phillip Street
Sydney NSW 2000
Website: www.automic.com.au
Solicitors
K & L Gates
Website: www.datelineresources.com.au
Level 31, 1 O’Connell Street
Securities Exchange
Australian Securities Exchange Limited (“ASX”)
Sydney NSW 2000
Website: www.klgates.com
Home Exchange – Sydney
Domicile and Country of Incorporation
Australia
ASX Symbol – DTR (ordinary shares)
Australian Company Number
ACN 149 105 653
Australian Business Number
ABN 63 149 105 653
The Company’s Corporate Governance Statement can be found on the
Company’s website www.datelineresouces.com.au
DATELINE RESOURCES 2021 ANNUAL REPORT
3
Chairman’s
Letter
Dear fellow shareholders,
The overarching concern for Dateline— as for
everyone in the world for the past 18 months— has
been the impact of the Covid 19 pandemic.
Dateline has its senior management in Australia and
its primary development assets and operations in the
United States. The bans on international travel and
uncertainties in financial markets were issues that
had to be dealt with.
The Operations Review and Managing Director’s
Report shows that not only these and many other
difficulties were overcome, but also shows that very
considerable progress has been achieved towards
our objective of becoming a North American gold
developer and producer.
An underground development and drilling
programme was planned for the Gold Links project
in Colorado. At the date of this report, it is well
advanced and the company should have information
in the next few months to allow consideration of the
decision to commence mining and ore processing
through our wholly owned mill.
Our ambitions to increase our presence in North
America were also advanced by the soon to be
completed acquisition of the Colosseum Gold Mine
in California from LAC Minerals (USA) LLC, a wholly
owned subsidiary of Barrick Gold Corporation.
Mining commenced at Colosseum with a 1.1 million
ounce resource, but the mine closed in 1993 when
344,000 ounces had been recovered because the
gold price had fallen to around US $350 per ounce
making further production uneconomic.
Dateline is still in the process of and reviewing the
extensive data base that came with the acquisition.
Reviews so far support the view that there is excellent
potential to redefine the remaining mineralisation
and gain a better understanding of the overall
potential of the project.
The credit for managing the company through this
period, and for its strategic achievements, goes to
our managing Director, Stephen Baghdadi.
He has kept the core operations and key people
together when financial markets made development
funding conjectural. He negotiated and secured
a funding package to support the Gold Links
development and has managed its implementation
and established operating processes and
procedures. One measure of success is that we can
report no Lost Time Injuries for the reporting period.
Stephen also found and negotiated the agreement
to acquire the Colosseum mine from Barrick, which
has the potential to turn into a very substantial
mineral resource for the company. Despite the
unprecedented and difficult conditions, Dateline
has made great progress and the credit for this
achievement goes to Stephen.
I would also like to note the retirement of John
Smith, Dateline’s long serving Chief Financial Officer
and Company Secretary. John has had to deal with
difficult and uncertain times — as well as rapid
progress— in the development of the company. His
last day with Dateline will be October 31, 2021 and
we thank him for his contributions and wish him well
for the future.
Yours faithfully
Mark Johnson AO
Chairman
"
....very considerable
progress has been
achieved towards our
objective of becoming
a North American
gold developer
and producer.
2021 ANNUAL REPORT DATELINE RESOURCES
4
Operations
Review
Overview
The Company made significant progress in its plans to become a US gold producer with
the commencement of underground development and drilling at Gold Links and the
acquisition of the Colosseum Gold Mine in California.
Gold Links Project
Colorado Mineral Belt
• High-grade vein system
• Historical producer
• Extensive underground development
• Consolidated permits for first time
• DTR-owned mill within easy trucking distance
Colosseum Gold Mine
San Bernardino County, California
• Breccia pipe system
• Historical gold producer
• Closed in 1993 with gold at
MR KEVIN STEPHEN DAVIS & MRS ANNETTE MARIA DAVIS
TORNADO NOMINEES PTY LTD
BICKHAM COURT SUPERANNUATION PTY LTD
MR ROBERT GEOFFREY PAGE & MRS ANGELA MARGARET PAGE
ONE MANAGED INVESTMENT FUNDS LTD
8
9
10
11
12
13 MR ANDREW JOHN PATTERSON
14 THE GOLD LINKS MINING CORP
15 ADVANCE PROPERTY AND INVESTMENT PTY LTD
CS THIRD NOMINEES PTY LIMITED
J STUART FOLEY & AUGHTON PTY LTD
16
17
18 MS KERRY D VINCI
19 MANN INVESTMENT COMPANY
FRANCIS LANNEN & PHILIPPA BARRY
20
TOTAL
7. Unquoted Equity Securities
The Company has no listed unquoted equity securities on issue
No. of
Shares
95,832,698
86,775,038
54,638,222
23,692,430
12,302,000
9,400,000
7,900,000
5,360,000
4,851,408
4,810,393
%
Holding
42.67%
13.96%
7.82%
4.90%
4.41%
2.66%
2.02%
2.01%
1.96%
1.96%
4,160,000
1.31%
3,693,070
3,628,667
3,240,000
3,000,000
2,943,627
2,900,000
2,800,000
2,666,666
1.23%
0.98%
0.97%
0.78%
0.73%
0.53%
0.49%
0.48%
2,463,023
337,057,242
0.37%
77.57%
8.
Interest in Mining Licences
The Company is an exploration entity, below is a list of its interest in licences, where the licences are
situated and the percentage of interest held.
Project
Description / Number
Ownership
Location
Gold Links Permitted Mine
39 Patented Claims
Gold Links Permitted Mine
20 Unpatented Claims
Lucky Strike Permitted Mine &
Mineral Hill Historic Mine
32 Patented Claims
Udu
Udu
SPL1387
SPL1396
100%
100%
100%
100%
100%
Colorado USA
Colorado USA
Colorado USA
Fiji
Fiji
59 | P a g e
2021 ANNUAL REPORT DATELINE RESOURCES
WWW.DATELINERESOURCES.COM.AU
ABN 63 149 105 653