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ASX Release 23 February1 <br /> Background <br /> In January 2022, Dateline commenced ore mining from Gold Links following a 12-month exploration and underground <br /> development program. Ore was initially mined at a rate of 80-100tpd to match the capacity of the existing Lucky Strike <br /> processing plant,located 50km from the Gold Links mine.The Company made the decision to increase the plant capacity to <br /> 250tpd and acquired additional crushing, milling and flotation equipment to suit. This new equipment was incorporated <br /> into the mill during H2 2022. <br /> Commissioning of the existing plant and the introduction of new equipment was disrupted by delays,fluctuations in output <br /> at Gold Links and inconsistent recoveries at Lucky Strike. Whilst some of these variations were expected as part of the <br /> commissioning phase, overall, they resulted in significant working capital and cash flow issues that put pressure on the <br /> Company's finances. <br /> In December 2022, the Board made the decision to seek a JV partner for Gold Links, preferably one with US operating <br /> experience that could better oversee day-to-day activities. At this point, the Board made the decision to suspend <br /> underground mining activities at Gold Links to preserve the value of the operation.Approaches were received from several <br /> parties who were interested in entering into a JV agreement. <br /> The Dateline board selected MW as the preferred JV partner because the addition of the London and Hock Hocking Mine <br /> stockpiles allows the opportunity for Gold Links and Lucky Strike to be operated with multiple ore sources available.Blending <br /> of ore from the two operations are expected to result in a more stable production profile going forward. <br /> In addition, having two operations within proximity to each other in Colorado allows for MW, a local operator, to better <br /> oversee the two operations. Thirdly, MW has the financial capacity to provide funding that will allow the combined <br /> operation to complete commissioning and move to an anticipated positive cashflow. <br /> _j <br /> { <br /> i <br /> � F <br /> t <br /> Links "+ r <br /> Ludry Striloe <br /> Figure 1:Location of the Gold Links,Lucky Strike and London assets,Colorado <br /> London Mine and Associated Assets <br /> The London Mine is located approximately 160km by road from the Gold Links and Lucky Strike properties.The Mine lies at <br /> an elevation of 11,000' near the town of Alma.The London Mine sits in the heart of the Colorado Mineral Belt,the prolific <br /> lineament stretching NE to SW across the state and is directly adjacent to the historic Leadville mining district. <br /> Based on historical records,the London mine was in full production from 1875 to 1942, producing over 650,000 ounces of <br /> gold at 23g/t Au from more than 3km of strike length on multiple gold-quartz vein structures. Production ceased due to <br />