|
Resolute Mining Ltd - Africa-focused gold miner - Announces an initial mineral resource estimate for the Bantaco South and West prospects at its Bantaco project in Senegal. The initial inferred MRE for Bantaco West is for 5.8 metric tonnes grading 0.97 grammes per tonne of gold for 179,000 ounces. The Bantaco South MRE is for 2.2Mt grading 1.2g/t of gold for 87,000 ounces. Both are at a 0.5 g/t cut-off grade for a total of around 266,000 of contained gold. Resolute says the MRE is based on shallow drilling completed to date, with much of the current resource within the top 100 metres. Also, there is ‘strong potential’ to increase resources at the Bantaco main zone with a follow-up drilling programme to start in the second half of 2025. Chief Executive Officer Chris Eger says: ‘We are very pleased to announce today’s initial mineral resource estimate for the Bantaco project in Senegal. This milestone demonstrates the excellent progress our exploration team is actively making to successfully extend the life of mine at our Mako gold operation...We are working closely with all stakeholders to accelerate the development of both projects, and based on current progress and continued positive development, we expect to mine at Bantaco in the second half of 2027.’ Current London stock price: 32.10 pence 12-month change: down 1.8% Current Sydney stock price: A$0.66 12-month change: up 6.5% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
