Resolute Mining: reserves and resources maintained with exploration success in Senegal and Guinea
ASX-listed Resolute Mining has announced the company’s Annual Ore Reserve and Resource Statement at 31 December 2024.
Highlights
- Total Mineral Resources maintained at 11.0 million ounces (moz) of contained gold with exploration success at Tomboronkoto in Senegal and Mansala in Guinea; all Mineral Resources are reported as JORC compliant
- Total Ore Reserves maintained at 4.4 moz post mining depletion across Mali and Senegal
- Syama North Ore Reserves increased to 1.5 moz following continued drilling success in 2024 and change in gold price assumption to $1 950/oz
- Updated Mineral Resource Estimate (MRE) at Tomboronkoto of 7.0 mt grading 1.7 g/t for 377 koz of contained gold
- Addition of Mineral Resource in Guinea from the Initial Inferred MRE of 8.4 mt grading 1.3 g/t Au for 357 koz of contained gold
Chris Eger, CEO commented,
“Resolute’s steadfast commitment to its exploration programme over the past decade has proven to be invaluable. Today, we pleasingly report that our exploration teams have successfully maintained and grown our Ore Reserves and Mineral Resources across the Company’s West African portfolio. The increase in the Ore Reserve at Syama North to over 1.5 moz provides open pit flexibility in conjunction with the underground sub-level cave at Syama. This ensures we can provide an optimal feed blend to the sulphide processing plant. This will increase to 4 mtpa of capacity once the Sulphide Conversion Project is complete in mid-2026. Resolute is also committed to extending the life of its Mako operation in Senegal. Importantly, the Tomboronkoto deposit, which is located 17 km from Mako, was upgraded to the Indicated category in 2024. The company will continue to advance its studies at this project, alongside its other exploration programmes across West Africa, and looks forward to keeping the market updated on future progress.”
