Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX:
MND, OTCQB: MNDJF) is pleased to announce updated Mineral Resources
and Reserves estimates for its Costerfield gold-antimony mine in
Victoria, Australia and its Björkdal gold mine in Skellefteå,
Sweden as at December 31, 2021. All dollar amounts in this press
release are in U.S. dollars unless otherwise noted.
Highlights:
Costerfield
- Proven and Probable Mineral
Reserves for contained gold increased by 24%, net of depletion for
2021 production; and
- Extended mine life by two years to
2027, net of depletion for 2021 production.
Björkdal
- Maintains long mine life until
2030;
- Improved geological understanding
allowing for upgrade to higher confidence Measured Resources and
Proven Reserves; and
- Increase to Measured and Indicated
gold Resources of 59,000 oz net of yearly depletion.
Dominic Duffy, President and CEO of Mandalay,
commented:
“Mandalay’s exploration efforts in 2021 yielded
significant success. We made major additions of Mineral Reserves at
Costerfield through the successful discovery of the Shepherd zone
below the Youle deposit, and discovered significantly higher gold
grades to the east at depth at Björkdal.
“As 2021 year-end, Mandalay’s total Proven and
Probable Mineral Reserves totaled 854,000 ounces of gold and 19,600
tonnes of antimony, compared to 799,000 ounces of gold and 21,800
tonnes of antimony at 2020 year-end. These Mineral Reserves were
added at an exploration cost of $30.79 per gold equivalent ounce;
further evidence of the cost effectiveness and sustainability of
our exploration programs.
“To date, five continuous high-grade veins have
been discovered within Shepherd and it is expected to be an area of
substantial Mineral Resources and Reserves growth over the coming
years. During the 10 months from discovery to data cut-off in 2021,
Shepherd has already added 296,000 tonnes of ore at a grade of 12.4
g/t gold and 1.0% antimony into Mineral Reserves. This significant
contribution in a short timespan highlights the richness of the
Costerfield mineral system. Currently, the Shepherd veins are open
and will be the focus of ongoing exploration efforts at
Costerfield.
“At Björkdal, due to its current long mine life
of approximately nine years, the exploration focus was not on
Mineral Reserve addition, but on identifying areas that could
potentially add higher-grade mine feed. This program was extremely
successful with the discovery of the high-grade zones to the east
at depth of the Main and Central zones (press releases January 24,
2022, and June 29, 2021). Most of the significant results for this
area were recovered after the data cut-off point for this Mineral
Resources and Reserves update, hence the success of this program
and the significant potential in upgrading the overall grades will
be better reflected in the following years and will be a continued
exploration focus at Björkdal during 2022.
“Looking forward into 2022, alongside the
continuation of growth projects around Shepherd and the Eastern
Extension projects, Mandalay is advancing several highly
prospective areas at both properties. At Björkdal, exploration
continues north of the Aurora orebody as well as the commencement
of surface drilling on regional Björkdal style and multi-element
targets. At Costerfield, the potential of further Youle and
Shepherd style targets will continue to be explored in parallel
with renewed efforts on satellite deposits within 2 km of the
mining activities.”
Table 1: Mineral Reserves as of December 31, 2021, and
December 31, 2020
|
2021 |
2020 |
Reserve Category |
Björkdal Contained Au (koz) |
Costerfield Contained Au (koz) |
Costerfield Contained Sb (kt) |
Björkdal Contained Au (koz) |
Costerfield Contained Au (koz) |
Costerfield Contained Sb (kt) |
Proven |
74 |
150 |
13.1 |
- |
110 |
12.8 |
Probable |
468 |
162 |
6.5 |
544 |
145 |
9.0 |
Proven + Probable |
542 |
312 |
19.6 |
544 |
255 |
21.8 |
Notes:1. Reserves are contained at Björkdal,
Costerfield properties only.2. See tables 4 and 6 for details of
Proven and Probable Reserve tonnages and grades at Costerfield and
Björkdal, including cut-off grades and Qualified Persons.
Table 2: Mineral Resources, Inclusive of Mineral
Reserves, as of December 31, 2021, and December 31
2020
|
2021 |
2020 |
Resource Category |
Björkdal Contained Au (koz) |
Costerfield Contained Au (koz) |
Costerfield Contained Sb (kt) |
Björkdal Contained Au (koz) |
Costerfield Contained Au (koz) |
Costerfield Contained Sb (kt) |
Measured |
156 |
215 |
21.8 |
- |
164 |
20.6 |
Indicated |
990 |
259 |
17.5 |
1,087 |
218 |
18.8 |
Measured + Indicated |
1,146 |
474 |
39.3 |
1,087 |
381 |
39.4 |
Inferred |
359 |
114 |
6.7 |
318 |
89 |
6.0 |
Notes:1. See tables 3 and 5 for details of
tonnages and grades at Costerfield and Björkdal.2. Totals may
appear different from the sum of their components due to
rounding.
Details of the Mineral Resources and Reserves
estimates at each property are related below. Estimates were
prepared or verified by the following independent third parties:
Mining Plus Pty Ltd. (“MP”) at Costerfield and Björkdal; and SLR
Consulting Ltd. (“SLR”) specifically at the Norrberget open pit
zone at Björkdal.
The year-end 2021 estimates of Mineral Resources
and Reserves for the Costerfield and Björkdal will be fully
documented in independent Technical Reports prepared in accordance
with National Instrument 43-101 (“NI 43-101”) to be filed on
www.sedar.com and the Mandalay website www.mandalayresources.com
within 45 days of this press release.
Costerfield Mineral Resource and Mineral Reserve
Summary
During 2021, Mandalay drilled a total of 36.3
kilometres (“km”) of exploration diamond core at a cost of $6.0
million. The breakdown of this significant drilling campaign is as
follows:
- 27.0 km to test extensions of the
Youle and Shepherd ore bodies;
- 2.6 km to test other near-mine
targets; and
- 6.7 km to test regional targets
beyond current mine operations.
In addition to drilling, 4,585 m of on-vein
development was completed within the Youle ore body, with 75 m
development from October 2021 into the Shepherd ore body. Rock chip
samples used in mine grade control were also included in the
geological database and used in the Mineral Resources estimation
process to improve Mineral Resources classification in areas
accessed by development.
Drill core was logged and sampled by Costerfield
geologists, who also performed mine sampling. All samples were
submitted to Onsite Laboratory Services in Bendigo, Victoria,
Australia for sample preparation and assay. Site geological and
metallurgical personnel have implemented a QA/QC process that
includes the regular submission of site specific and externally
sourced standard reference materials, duplicates and blanks with
drill and face samples submitted for assay. Site specific standard
reference materials were both produced and certified by Geostats
Pty Ltd. or ORE Research and Exploration Pty Ltd. (OREAS). Both
Geostats Pty Ltd. and OREAS are Australian consultancies who
specialize in laboratory quality control systems.
The acQuire Geoscientific Information Management
(“GIM”) system was used to store and validate all geological data
used for the Mineral Resource Estimate. A two-dimensional (“2D”)
accumulation estimation method was used for all models. This method
is considered most applicable for the narrow veins of Costerfield.
The Datamine™ Studio RM platform supports 2D accumulation
estimation and was used to complete the Mineral Resource
Estimation. Validated drilling and mine sampling data were imported
into Datamine and composited to true vein width. Gold (“Au”)
accumulation, antimony (“Sb”) accumulation (accumulation = vein
true width x vein grade) and true vein width were estimated into a
2D block model for each lode using ordinary kriging interpolation.
Estimated Au and Sb vein grades were back-calculated from the block
estimated accumulated data and true vein width.
Where vein true widths are less than 1.2 m, vein
grades were diluted to a minimum mining width of 1.2 m using
dilution grades of zero g/t Au and zero percent Sb for host
lithologies. Where vein true widths are greater than or equal to
1.2 m grades were not diluted.
Mineral Resources were estimated at a cut-off
grade of 3.0 g/t Au equivalent (“AuEq”) which was determined using
Costerfield’s 2021 production costs, and using a Au price of
$1,700/oz and an Sb price of $8,500/t. Cut-off grade is expressed
as AuEq to allow for the inclusion and expression of the secondary
metal (Sb) in terms of the primary metal (Au). AuEq is calculated
using the formula AuEq= Au + (Sb x 1.58) where Sb is expressed as a
percentage, and Au is in grams per tonne, both based on 1.2 m
diluted grades.
Table 3: Mineral Resources at Costerfield, Inclusive of
Mineral Reserves as of December 31, 2021
|
2021 |
Resource Category |
Tonnes (kt) |
Au Grade (g/t) |
Sb Grade (%) |
Cont. Au (koz) |
Cont. Sb (kt) |
Measured Resources |
Underground |
408 |
15.4 |
5.0 |
202 |
20.4 |
Stockpile |
41 |
10.1 |
3.3 |
14 |
1.4 |
Indicated Resources |
Underground |
938 |
8.6 |
1.9 |
259 |
17.5 |
Total Measured and Indicated |
1,387 |
10.6 |
2.8 |
474 |
39.3 |
Inferred Resources |
Underground |
532 |
6.7 |
1.3 |
114 |
6.7 |
Notes:1. The Mineral Resource is estimated as of
December 31, 2021 with depletion through to this date.2. The
Mineral Resource is stated according to CIM guidelines and include
Mineral Reserves.3. Tonnes are rounded to the nearest thousand;
contained Au (oz) is rounded to the nearest thousand; contained Sb
(t) is rounded to nearest hundred.4. Totals may appear different
from the sum of their components due to rounding.5. 3.0 g/t AuEq
cut-off grade over a minimum mining width of 1.2 m is applied where
AuEq is calculated using the formula: AuEq = Au g/t + 1.58 * Sb %6.
The AuEq factor of 1.58 is calculated at a Au price of $1,700/oz,
an Sb price of $8,500/t, and 2021 total year metal recoveries of
93% for Au and 95% for Sb.7. Veins were diluted to a minimum mining
width of 1.2m before applying the cut-off grade and peripheral
mineralisation far from current development was excluded to comply
with the Reasonable Prospects for Eventual Economic Extraction
(RPEEE) criteria.8. The Stockpile Mineral Resource is estimated
based upon surveyed volumes supplemented by production data.9.
Geological modelling, sample compositing and Mineral Resource
Estimation for updated models was performed by Joshua Greene,
MAusIMM, a full-time employee of Mandalay Resources.10. The Mineral
Resource Estimate was independently reviewed and verified by Dr
Andrew Fowler MAusIMM CP (Geo), a full time employee of Mining
Plus. Dr Fowler fulfils the requirements to be a "Qualified Person"
for the purposes of NI 43-101, and is the Qualified Person under NI
43-101 for the Mineral Resource Estimate.
The Measured and Indicated categories of Mineral
Resources were used to update the mine plan using predominantly a
long-hole stoping mining method with cemented rock fill. A cut-off
grade of 3.8 g/t AuEq was determined from Costerfield’s 2021
production costs, and minimum stoping width of 1.5 m were used,
with planned and unplanned dilution at zero grade for both Au and
Sb. AuEq grade for Mineral Reserves is calculated using commodity
prices of $1,500/oz for Au, and $7,500/t Sb. AuEq is calculated
using the formula AuEq= Au + (Sb x 1.06) where Sb is in % and Au is
in grams per tonne.
Financial viability of Proven and Probable
Mineral Reserves was demonstrated at metal prices of $1,500/oz Au
and $7,500/t Sb.
Table 4: Mineral Reserves at Costerfield as of December
31, 2021
|
2021 |
Reserves Category |
Tonnes (kt) |
Au Grade (g/t) |
Sb Grade (%) |
Cont. Au (koz) |
Cont. Sb (kt) |
Proven Reserves |
Underground |
267 |
15.9 |
4.4 |
136 |
11.7 |
Stockpile |
41 |
10.1 |
3.3 |
14 |
1.4 |
Probable Reserves |
Underground |
460 |
10.9 |
1.4 |
162 |
6.5 |
Total Proven and Probable |
769 |
12.6 |
2.5 |
312 |
19.6 |
Notes:1. Mineral Reserve estimated as of
December 31, 2021, and depleted for production through to December
31, 2021.2. Tonnes are rounded to the nearest thousand; contained
Au (oz) is rounded to the nearest thousand; contained Sb (t)
rounded to nearest hundred.3. Totals may appear different from the
sum of their components due to rounding.4. Lodes have been diluted
to a minimum mining width of 1.5 m for stoping and 1.8 m for ore
development.5. A 3.8 g/t AuEq cut-off grade is applied.6. Commodity
prices applied are Au price of USD1,500/oz, Sb price of USD7,500/t
and exchange rate USD:AUD of 0.71.7. The (AuEq) is calculated using
the formula: AuEq = Au g/t + 1.06 * Sb %.8. The Mineral Reserve is
a subset, a Measured and Indicated only Schedule, of a Life of Mine
Plan that includes mining of Measured, Indicated and Inferred
Resources.9. The Mineral Reserve Estimate was prepared by Dylan
Goldhahn, AusIMM under the direction of Daniel Fitzpatrick,
MAusIMM, who are both full time employees of Mandalay Resources.
The Mineral Reserve estimate was independently verified by Aaron
Spong FAusIMM CP (Min) who is a full-time employee of Mining Plus.
Mr Spong fulfils the requirements to be a "Qualified Person" for
the purposes of NI 43-101, and is the Qualified Person under NI
43-101 for the Mineral Reserve.
The net increase of 57,000 ounces of Au in
Proven and Probable Mineral Reserves for 2021, relative to 2020,
consists of the addition of 113,000 ounces of Au added by Mineral
Resource conversion and addition of resources to the Youle and
Shepherd ore bodies and a total of 55,000 ounces of Au depleted
from the 2020 Mineral Reserves through mining production in 2021.
The 2,200 tonnes of Sb net decrease in Proven and Probable Mineral
Reserves consists of 3,600 tonnes of Sb added by Mineral Resources
conversion and addition of Mineral Resources to Youle and Shepherd
and 5,800 tonnes of Sb depleted from the 2020 Mineral Reserves
through mining production in 2021. The Mineral Reserves of the
Youle and Shepherd ore bodies were added at an exploration cost of
$30.79 per AuEq ounce.
Björkdal Mineral Resource and Mineral Reserve
Summary
Since September 30, 2020 to the data cut off of
September 30, 2021, Björkdal completed 59 drill holes totaling
approximately 20,755 m in length. The data cut-off date at
Norrberget remains the same as previous years; September 30, 2017.
In addition, underground operations completed 5,988 m of on-vein
development, which was mapped and sampled in detail according to
the grade control protocols.
Other than the normal course updating of the
mineralization wireframes to account for new drilling and sampling
information, the workflow and estimation parameters used to prepare
the year-end 2021 Björkdal long-term block model were largely
unchanged.
Classification criteria were changed allowing a
measured resource to be reported.
Table 5: Mineral Resources at Björkdal, Inclusive of
Mineral Reserves, as of December 31, 2021
|
2021 |
Category |
Tonnage (kt) |
Au Grade (g/t) |
Contained Au (koz) |
Measured Resources |
Underground |
1,851 |
2.62 |
156 |
Indicated Resources |
Underground |
9,663 |
2.30 |
713 |
Open Pit |
3,017 |
2.19 |
212 |
Norrberget Open Pit |
144 |
3.29 |
15 |
Stockpile |
2,532 |
0.61 |
50 |
Total Measured and Indicated |
17,207 |
2.07 |
1,146 |
Inferred Resources |
Underground |
3,484 |
2.12 |
237 |
Open Pit |
3,326 |
1.13 |
121 |
Norrberget Open Pit |
3 |
4.03 |
0.5 |
Total Inferred |
6,813 |
1.64 |
359 |
Notes:1. The Björkdal Mineral Resource is
estimated using drill hole and sample data as of September 30, 2021
and depleted for production through December 31st, 2021. Norrberget
Mineral Resources are based on a data cut-off date of September
30th, 2017.2. CIM definitions (2014) were followed for the Mineral
Resource.3. The Mineral Resource is inclusive of the Mineral
Reserve.4. The Mineral Resource is estimated using an average Au
price of $1,700/oz. and an exchange rate of 9.0 SEK/US$.5. In situ
bulk density is 2.74 t/m³ for veins and host rock. In situ
bulk density is 2.92 t/m³ for skarn ore bodies. Stockpile bulk
density is 1.8 t/m³.6. High Au assays were capped at 60 g/t Au for
the first search pass and 40 g/t Au for subsequent passes.7. High
Au assays at Norrberget were capped at 24 g/t Au.8. Interpolation
was by inverse distance cubed utilizing diamond drill, reverse
circulation, and chip channel samples.9. The Björkdal open pit
Mineral Resource is estimated at a cut-off grade of 0.33 g/t Au and
constrained by a resource pit shell to comply with the reasonable
prospects for eventual economic extraction (RPEEE) criteria.10. The
Norrberget open pit Mineral Resources are estimated at a cut-off
grade of 0.35 g/t Au and constrained by a resource pit shell to
comply with the RPEEE criteria.11. The Björkdal underground Mineral
Resource is estimated at a block cut-off grade of 0.77 g/t Au for
all veins12. A nominal two meter minimum mining width was used to
interpret veins and comply with the RPEEE criteria.13. The Reported
Mineral Resource is depleted for previously mined underground
development and stopes.14. The Stockpile Mineral Resource is
estimated based upon surveyed volumes supplemented by production
data.15. Mineral Resources that are not Mineral Reserves do not
have demonstrated economic viability.16. Numbers may not sum due to
rounding.17. The Mineral Resource Estimate as of 31st December,
2021 for Björkdal was independently reviewed and verified by Dr
Andrew Fowler MAusIMM CP (Geo), a full time employee of Mining
Plus. Dr Fowler fulfils the requirements to be a "Qualified Person"
for the purposes of NI 43-101 and is the Qualified Person under NI
43-101 for the Mineral Resource. The Independent Qualified Person
for Norrberget Mineral Resource estimate is Reno Pressacco, P.Geo.,
Principal Geologist with SLR, who is a Qualified Person as defined
by NI 43-101.
Other than the normal course updating of the
underground long term wireframes, and the re-optimization of the
open pits to account for the updated long-term resource model, the
workflow and modifying factors used to prepare the year-end 2021
Björkdal Mineral Reserves were largely unchanged from those used
during the previous year.
The reporting cut-off grades for the Mineral
Resources and Mineral Reserves statement were slightly increased to
reflect higher processing costs. Updated operational costs and
input parameters based upon 2021 actual figures, and the 2022
budget, were used in the Mineral Reserves estimation process.
Financial viability of Probable Mineral Reserves
was demonstrated at a $1,500/oz Au price.
Table 6: Mineral Reserves at Björkdal,
as of December 31, 2021
|
2021 |
Category |
Tonnage (kt) |
Au Grade (g/t) |
Contained Au (koz) |
Proven |
Underground |
1,127 |
2.05 |
74 |
Probable |
Underground |
5,350 |
1.76 |
302 |
Open Pit |
2,949 |
1.07 |
101 |
Norrberget Open Pit |
162 |
2.80 |
15 |
Stockpile |
2,532 |
0.61 |
50 |
Total Proven and Probable |
12,121 |
1.39 |
542 |
Notes:1. Björkdal Mineral Reserves are estimated
using drill hole and sample data as of September 30, 2021 and
depleted for production through December 31st, 2021.2. Norrberget
Mineral Reserves are based on a data cut-off date of September
30th, 2017.3. CIM definitions (2014) were followed for Mineral
Reserves.4. Open Pit Mineral Reserves are based on mine designs
carried out on an updated resource model, applying a block dilution
of 100% at 0.0 g/t Au for blocks above 1.0 g/t and 100% at in-situ
grade for blocks below 1.0 g/t, but above a cut-off grade of 0.37
g/t Au. The application of these block dilution factors is based on
historical reconciliation data. A marginal cut-off grade of 0.37
g/t Au was applied to estimate open pit Mineral Reserves.5.
Underground Mineral Reserves are based on mine designs carried out
on an updated resource model. Minimum mining widths of 3.7 m for
stopes (after dilution) and 4.75 m for development (after dilution)
were used. Stope dilution was applied by adding 0.6 m on each side
of stopes as well as an additional 10% over break dilution. Further
dilution, ranging from 5% to 50%, was added on a stope-by-stope
basis depending on their proximity to other stopes. An overall
dilution factor of 25% was added to development designs. Mining
extraction was assessed at 95% for contained ounces within stopes
and 100% for development. A cut-off grade of 0.88 g/t Au was
applied to material mined within stopes. An incremental cut-off
grade of 0.37 g/t Au was used for development material.6. Stockpile
Mineral Reserves are estimated at a cut-off grade of 0.37 g/t Au
and are based upon surveyed volumes supplemented by production
data.7. Mineral Reserves are estimated using an average long-term
Au price of US$1,500/oz, for Bjorkdal, US$1,300/oz for Norrberget,
and an exchange rate of 9.0 SEK/US$.8. Tonnes and contained Au are
rounded to the nearest thousand.9. Totals may not sum due to
rounding.10. The Mineral Reserve Estimate as of 31st December, 2021
for Björkdal was independently verified by Aaron Spong FAusIMM CP
(Min) who is a full time employee of Mining Plus. Mr Spong fulfils
the requirements to be a "Qualified Person" for the purposes of NI
43-101, and is the Qualified Person under NI 43-101 for the Mineral
Reserve.. The Independent Qualified Person for the Norrberget
Mineral Reserve estimate is Rick Taylor, MAusIMM (CP), Principal
Mining Engineer with SLR, who is a Qualified Person as defined by
NI 43-101.
The net decrease of 2,000 ounces of Au in total
Mineral Reserves for 2021, relative to 2020, included mining
depletion of 52,800 ounces of Au during 2021. Therefore, a total of
50,800 ounces of Au were added to Mineral Reserves for 2021, with
an exploration expenditure of $2.09 million. The exploration cost
of adding those Mineral Reserves was $41.24 per ounce of Au.
Qualified Persons:
All Qualified Persons listed below have read and
approved the contents of this news release as it pertains to the
Mineral Resource and Mineral Reserve estimates disclosed in this
news release.
For Costerfield and Björkdal: The Mineral
Resource Estimate was carried out under the supervision of Dr
Andrew Fowler, MAusIMM CP(Geo), an employee of Mining Plus and
independent of Mandalay Resources Corporation. He is a Qualified
Person for the purpose of National Instrument 43-101. The Mineral
Reserve Estimate was carried out under the supervision of Aaron
Spong, FAusIMM CP (Min), an employee of Mining Plus and independent
of Mandalay Resources Corporation. He is a Qualified Person for the
purposes of NI 43-101.
For Norrberget: The Mineral Resource Estimates
for Norrberget were carried out under the supervision of Reno
Pressacco, P.Geo., Principal Geologist, and an employee of SLR and
independent of Mandalay Resources Corporation. He is a Qualified
Person for the purpose of National Instrument 43-101. The Mineral
Reserve Estimate was carried out under the supervision of Rick
Taylor, MAusIMM CP (Min), Principal Mining Engineer, and an
employee of SLR and independent of Mandalay Resources Corporation.
He is a Qualified Person for the purposes of National Instrument
43-101.
For Further Information:
Dominic DuffyPresident and Chief Executive Officer
Edison NguyenManager, Analytics and Investor Relations
Contact: 647.260.1566
About Mandalay Resources
Corporation:
Mandalay Resources is a Canadian-based natural
resource company with producing assets in Australia (Costerfield
gold-antimony mine) and Sweden (Björkdal gold mine). The Company is
focused on growing its production and reducing costs to generate
significant positive cashflow. Mandalay is committed to operating
safely and in an environmentally responsible manner, while
developing a high level of community and employee engagement.
Mandalay’s mission is to create shareholder
value through the profitable operation and continuing the regional
exploration program, at both its Costerfield and Björkdal mines.
Currently, the Company’s main objectives are to continue mining the
high-grade Youle vein at Costerfield, bring online the deeper
Shepherd veins, both of which will continue to supply high-grade
ore to the processing plant, and to extend Youle Mineral Reserves.
At Björkdal, the Company will aim to increase production from the
Aurora zone and other higher-grade areas in the coming years, in
order to maximize profit margins from the mine.
Forward-Looking Statements:
This news release contains "forward-looking
statements" within the meaning of applicable securities laws.
Readers are cautioned not to place undue reliance on
forward-looking statements. Actual results and developments may
differ materially from those contemplated by these statements
depending on, among other things, changes in commodity prices and
general market and economic conditions. The factors identified
above are not intended to represent a complete list of the factors
that could affect Mandalay. A description of additional risks that
could result in actual results and developments differing from
those contemplated by forward-looking statements in this news
release can be found under the heading “Risk Factors” in Mandalay’s
annual information form dated March 31, 2021, a copy of which is
available under Mandalay’s profile at www.sedar.com. In addition,
there can be no assurance that any inferred resources that are
discovered as a result of additional drilling will ever be upgraded
to proven or probable reserves. Although Mandalay has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Mandalay Resources (TSX:MND)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Mandalay Resources (TSX:MND)
Historical Stock Chart
Von Mär 2023 bis Mär 2024