Resolute Mining announces Annual Ore Reserve and Resource Statement

Highlights:

• Total Mineral Resources maintained at 11.2 million oz of gold with exploration success at Syama North in Mali and Tomboronkoto in Senegal offsetting mining depletion.
• Total Ore Reserves decreased marginally to 4.4 million oz (from 4.6 million oz in December 2022) in line with expectations due to mining depletion across both operations.
• Syama North Ore Reserves increased over 17% to 1 million oz and Measured and Indicated Mineral Resources increased 47% to 2.7 million oz following successful drilling campaigns in 2023.
• Mineral Resources in Senegal increased significantly following the maiden Mineral Resource Estimate at the Tomboronkoto satellite deposit of 403 koz grading 1.2 g/t.

Terry Holohan, CEO and Managing Director, commented, “These results are in line with our expectations given the work we are conducting on our growth projects.

At Syama the exploration teams have been focused on the infilling of the 3.5 million oz Syama North project, raising the M&I to over 2.7 million oz, with first mining commencing later this year. We are also conducting detailed mine optimisations with an uplift in our Ore Reserve estimate to 1 million oz and we expect further increases going forward.

At Mako the drilling of the first of our three major mineralisation satellite targets, Tomboronkoto, we recently published a maiden Mineral Resource estimate of 403 koz and drilling is continuing.”

Read the article online at: https://www.globalminingreview.com/mining/11032024/resolute-mining-announces-annual-ore-reserve-and-resource-statement/