TORONTO, March 28,
2024 /PRNewswire/ - Mandalay Resources Corporation
("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces
that it has filed its Annual Information Form ("AIF") for the year
ended December 31, 2023. The AIF can
be accessed under the Company's profile at www.sedarplus.ca and on
the Company's website at www.mandalayresources.com.
Mandalay has also filed an updated National Instrument 43-101
compliant Technical Report ("NI 43-101") in respect of Costerfield
gold-antimony mine in Australia.
The Technical Report can be accessed under the Company's profile at
www.sedarplus.ca and on the Company's website at
www.mandalayresources.com.
The technical report for Costerfield entitled "Costerfield NI
43-101 Technical Report" dated March 28,
2024, was prepared by SRK Consulting (Australia) Pty Ltd, and the Mineral Resource
Estimate was carried out under the supervision of Cael Gniel MAIG
RPGeo (Mineral Resource Estimation), an employee of SRK Consulting.
Mr. Gniel 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 Mineral Reserve
Estimate was prepared by Brett
Nevill MAusIMM who is a full-time employee of SRK
Consulting, under the direction of Dylan
Goldhahn, MAusIMM, who is a full-time employee of Mandalay.
The Mineral Reserve Estimate was independently verified by Robert
Urie FAusIMM who is a full-time employee of SRK Consulting.
Robert Urie 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.
About Mandalay Resources
Corporation:
Mandalay Resources is a Canadian-based 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 continue production from the Aurora zone
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