Mandalay Resources Provides 2023 Year-End Mineral Reserves and Resources Update for the Costerfield Mine, alongside an Interim Mineral Reserves Update for the Björkdal Mine
Owing to the longevity of the Björkdal Mine and consistency of Mineral Resources replacement, Mandalay chose not to complete and report a full 2023 year end Mineral Resources and Mineral Reserves estimate reported in Q1 2024.
- Owing to the longevity of the Björkdal Mine and consistency of Mineral Resources replacement, Mandalay chose not to complete and report a full 2023 year end Mineral Resources and Mineral Reserves estimate reported in Q1 2024.
- In re-estimating the underground Interim Mineral Reserves at Björkdal Mine, a gold price of US$1,800 /oz has been used.
- A slightly more conservative stope CoG of 1.00 g/t has been used for estimating interim Mineral Reserves.
- A summary of the Interim Mineral Reserves estimates for the Björkdal underground and open pit mines, including Norrberget, are presented below in Table 3.