Resolute Mining has maintained its total mineral resources at 11-million ounces of contained gold, following exploration success at Tomboronkoto, in Senegal, and Mansala, in Guinea.
It says in its yearly ore reserve and resource statement that total ore reserves, as at December 31, 2024, have been maintained at 4.4-million ounces post mining depletion across Mali and Senegal.
The Syama North ore reserves increased to 1.5-million ounces following continued drilling success in 2024 and a change in gold price assumption to $1 950/oz.
There is an updated mineral resource estimate at Tomboronkoto of seven-million tonnes grading 1.7 g/t for 377 000 oz of contained gold.
There is also an addition of mineral resources in Guinea from the initial inferred mineral resource estimate of 8.4-million tonnes grading 1.3 g/t gold for 357 000 oz of contained gold.
“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,” CEO and MD Chris Eger says.
He adds that the increase in the ore reserve at Syama North provides openpit flexibility in conjunction with the underground sublevel cave at Syama.
“This ensures we can provide an optimal feed blend to the sulphide processing plant. This will increase to a four-million-tonne-a-year capacity once the sulphide conversion project is complete in mid-2026,” Eger highlights.
He says 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,” Eger avers.