TORONTO, Aug. 30,
2024 /PRNewswire/ - Mandalay Resources Corporation
("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces
that Braam Jonker has resigned (effective
August 30, 2024), as a member of the Board of
Directors (the "Board") to focus on other endeavors. Amy Freedman will assume the role of Lead
Independent Director and the Board will commence a search for a new
Independent Director.
Bradford Mills, Executive Chair,
commented:
"On behalf of Mandalay's Board, I want to express our
appreciation to Braam for his years of dedicated service and
significant contributions to the Company and we wish him continued
success in the future."
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 regional exploration programs, at both its
Costerfield and Björkdal mines. Currently, the Company's main
objectives are to continue mining the high-grade Youle and Shepherd
veins at Costerfield, and to extend Mineral Reserves. At Björkdal,
the Company will aim to increase production from the Eastern
Extension area and other higher-grade areas in the coming years, in
order to maximize profit margins from the mine.
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SOURCE Mandalay Resources Corporation