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Mandalay Resources Reports 2024 Mineral Reserves and Resources Approaching Two Million Gold Equivalent Ounces in Measured and Indicated Resources

TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) — Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND, OTCQB: MNDJF) announces updated Mineral Reserves and Resources for the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden as at December 31, 2024. All dollar amounts in this press release are in U.S. dollars unless […]



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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