Initial Mineral Resource at Bantaco
| Stock | Resolute Mining Ltd (RSG.ASX) |
|---|---|
| Release Time | 24 Jul 2025, 8:21 a.m. |
| Price Sensitive | Yes |
Resolute Announces Initial Mineral Resource at Bantaco Project, Senegal
- Initial Inferred Mineral Resource Estimates of 266koz of contained gold
- Mineral Resources remain open along strike and at depth
- Strong potential to grow resources with follow-up drilling program
Resolute Mining Limited (ASX/LSE: RSG) has announced an initial Mineral Resource Estimate (MRE) for the Bantaco South and West Prospects at its Bantaco Project, which is situated 20km east of the Company's Mako Gold Mine in Senegal. The Bantaco Project is one of the potential satellite deposits that Resolute is focusing on to extend the life of the Mako Mine. The initial Inferred Mineral Resource Estimates include 5.8Mt grading 0.97g/t Au for 179koz at Bantaco West, and 2.2Mt grading 1.2g/t Au for 87koz at Bantaco South, both at a 0.5g/t cut-off grade. The MRE is based on shallow drilling completed to date, with much of the current resource within the top 100m. The Mineral Resources at Bantaco South and Bantaco West remain open along strike and at depth, and there is strong potential to grow resources at the Bantaco Main zone, with a follow-up drilling program to commence in H2 2025. Resolute is working to accelerate the development of the Bantaco and Tomboronkoto projects, with the aim of commencing mining at Bantaco in the second half of 2027.
Resolute is confident of continued gold production in Senegal for many years to come, with the current Mineral Resource Estimates totalling over 600koz of contained gold across the Tomboronkoto and Bantaco projects. The Company plans to receive the Environmental and Social Impact Assessment (ESIA) Certificate of approval by the end of Q2 2026, after which the mining license will be submitted, with the commencement of mining at Bantaco anticipated in H2 2027.