Australia's Dateline Resources eyes worst day in a month on discounted placement

Dateline Resources

23/01/2026 01:18

** Shares of Australia's Dateline Resources DTR.AX fall as much as 12% to A$0.33, their biggest intraday pct drop in a month

** Stock touches lowest level since January 14, 2026

** The gold and rare earths elements miner says it has raised A$35 million ($23.95 million) through placement

** Offer price of A$0.31 per share represents a 17.3% discount to co's last close

** Says placement funds to be used for completion of feasibility studies, increase exploration capacity, among others

** Stock drops 6% so far this week, set for its worst week since December 15, if current trend holds

** DTR rose over 6000% in 2025, up 57.8% YTD

($1 = 1.4613 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))