Ore Reserves and Mineral Resource Statement

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Stock Resolute Mining Ltd (RSG.ASX)
Release Time 11 Mar 2025, 9:34 a.m.
Price Sensitive Yes
 Resolute Mining Maintains Ore Reserves and Mineral Resources
Key Points
  • Total Mineral Resources maintained at 11.0 million ounces of contained gold
  • Total Ore Reserves maintained at 4.4 million ounces post mining depletion
  • Syama North Ore Reserves increased to 1.5 million ounces
Full Summary

Resolute Mining Limited has announced its Annual Ore Reserve and Mineral Resource Statement as of 31 December 2024, reporting that the company has maintained its total Mineral Resources at 11.0 million ounces and Ore Reserves at 4.4 million ounces after mining depletion across its operations in Mali and Senegal. The highlights include a successful exploration program that increased the Ore Reserves at the Syama North project to 1.5 million ounces, providing additional open pit flexibility to complement the Syama Underground mine. The company also reported the addition of a new Mineral Resource at the Mansala project in Guinea, totaling 8.4 million tonnes at 1.3 g/t for 357,000 ounces of contained gold. Resolute's commitment to its exploration program has enabled the company to maintain and grow its Ore Reserves and Mineral Resources across its West African portfolio, ensuring a robust pipeline of future production.

Guidance

Resolute expects to process 4 million tonnes per annum of ore through the Syama Sulphide Conversion Project once it is completed in mid-2026.