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Mandalay Resources ( (TSE:MND) ) has shared an update.
Mandalay Resources announced high-grade drilling results at its True Blue prospect, adjacent to the Costerfield mine in Australia. These results indicate significant potential for expanding the mine’s operations, with high-grade gold and antimony mineralization discovered. The company plans to intensify its exploration efforts, signaling a potential extension of the mine’s life. This development positions Mandalay as a strong player in the gold industry and a leading Western source of antimony, with $9 million allocated for exploration in the first half of 2025.
More about Mandalay Resources
Mandalay Resources Corporation operates in the mining industry, focusing primarily on the extraction and production of gold and antimony. Known for running one of the highest-grade gold and antimony fields globally, the company has been producing these minerals at its Costerfield mine in Victoria, Australia for over 15 years.
YTD Price Performance: 4.84%
Average Trading Volume: 46,302
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$433.3M
Learn more about MND stock on TipRanks’ Stock Analysis page.
