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Mandalay Resources Reports 2024 Mineral Reserves and Resources Approaching Two Million Gold Equivalent Ounces in Measured and Indicated Resources
Mandalay Resources reported its 2024 mineral reserves and resources, with total measured and indicated resources approaching 1.97 million gold equivalent ounces, a 14% increase net of depletion. Total mineral reserves reached 815,000 gold equivalent ounces, a 9% increase net of depletion. At Costerfield, Australia, the True Blue deposit saw a significant increase in inferred resources, while Björkdal, Sweden, expanded its mineral reserves, extending mine life to 10 years. The updates are detailed in NI 43-101 technical reports to be filed shortly.
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