Resolute Mining maintains mineral resources owing to exploration success
ASX- and London-listed Resolute Mining has published its Annual Ore Reserve and Resource Statement as at December 31, 2023, which indicates that total mineral resources have been maintained at 11.2-million ounces of gold.
This comes as exploration success at Syama North, in Mali, and Tomboronkoto, in Senegal, had offset mining depletion.
Total ore reserves decreased marginally to 4.4-million ounces, from 4.6-million ounces in December 2022, in line with expectations, owing to mining depletion across both operations.
Syama North’s ore reserves increased by over 17% to one-million ounces, while measured and indicated mineral resources increased by 47% to 2.7-million ounces following successful drilling campaigns last year.
Mineral resources in Senegal increased significantly following the maiden mineral resource estimate (MRE) at the Tomboronkoto satellite deposit of 403 000 oz grading 1.2 g/t gold.
“These results are in line with our expectations given the work we are conducting on our growth projects,” says MD Terry Holohan.
“At Syama, the exploration teams have been focussed on the infilling of the 3.5-million-ounce Syama North project, raising the measured and indicated resource to over 2.7-million ounces, with mining [to start] later this year.
“We are also conducting detailed mine optimisations with an uplift in our ore reserve estimate to one-million ounces 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 MRE of 403 000 oz and drilling is continuing,” he points out.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
At Airshrink - CiP, we surpass customer expectations with innovative MV and LV cable accessories, including heat shrink joints, terminations,...
VISIT SHOWROOM
TEBA is a trusted workforce solutions partner to the mining and industrial sectors, providing end-to-end SLP compliant recruitment, candidate...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
