Australia's Dateline Resources falls on discounted placement

Dateline Resources

01/04/2026 02:37

** Dateline Resources DTR.AX falls as much as 6.6% to A$0.425, lowest March 23

** Gold and rare earths explorer raises A$50 mln ($34.6 mln) via placement at A$0.40/share

** Issue price represents 12.1% discount to last close

** Funds will be used to procure key processing infra, supporting final optimisation workstreams, among others

** YTD, DTR up 94.4%

($1 = A$1.4443)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))