Resolute Mining Ltd has announced an initial mineral resource estimate (MRE) for the Bantaco South and West Prospects at its Bantaco Project, situated 20 km east of its Mako Gold Mine in Senegal.
The Bantaco Project is one of the potential satellite deposits, along with Tomboronkoto, that Resolute is focusing on to extend the life of the Mako Mine. These projects will deliver operational resilience, economic benefits, and social value, while also maintaining the company position for future success in Senegal and the broader West African region.
The Bantaco Project specifically creates additional optionality and flexibility for Resolute with favourable development conditions including our established stakeholder relationships in the region and proximity to existing mining infrastructure.
The current combined Mineral Resource Estimates of Tomboronkoto and Bantaco contain over 600 000 oz of gold, with possibilities of expansion based on ongoing exploration results. Together these projects likely have the potential to provide another five to 10 years of mining activities in Senegal.
Highlights:
- Initial inferred MREs for the Bantaco West prospect of 5.8 million t grading 0.97 g/t Au for 179 000 oz, and for the Bantaco South prospect 2.2 million t grading 1.2g/t Au for 87 000 oz both at 0.5g/t cut-off grade for a total of approximately 266 000 oz of contained gold.
- The MRE is based on shallow drilling completed to date with much of the current resource within the top 100 m.
- The Mineral Resources at Bantaco South and Bantaco West remain open along strike and at depth.
- Strong potential to grow resources at Bantaco Main zone, follow up drilling programme to commence in 2H25.
- Drilling programmes will also be progressed to convert inferred resources to the indicated category at both Bantaco South and West Prospects.
Chris Eger, Managing Director and CEO, comments:
“We are very pleased to announce today’s initial MRE for the Bantaco Project in Senegal. This milestone demonstrates the excellent progress our exploration team is actively making to successfully extend the life of mine at our Mako gold operation.
“The Bantaco Project is key to the extension of Mako and has the possibility to be developed ahead of the Tomboronkoto Project allowing us to build on our strong mining heritage in the region and established stakeholder relationships, which facilitate a clear development timeline.
“We are working closely with all stakeholders to accelerate the development of both projects, and based on current progress and continued positive development, we expect to mine at Bantaco in 2H27.
“With current MREs totalling over 600 000 oz of contained gold across Tomboronkoto and Bantaco we are confident of continued gold production in Senegal for many years to come. This remains a key part of Resolute’s strategy of being a leading diversified multi-asset gold producer.”