Resolute’s exploration in Mali yields positive results

2019-08-08T05:08:10+00:00 August 2nd, 2019|News|

Resolute Mining last week presented its quarterly activities report for the period ending 30 June 2019 

Managing Director and CEO, John Welborn, was pleased with the company’s solid performance. He said that during the quarter Resolute has made significant progress with the commissioning and production of the Syama underground gold mine in Mali.

Managing Director and CEO of Resolute Mining, John Welborn. Image credit: Businessnews.com.au

Managing Director and CEO of Resolute Mining, John Welborn. Image credit: Businessnews.com.au

“This is an important project for Syama, for Resolute, and for the mining industry. We are now focused on continuing the successful production ramp up to nameplate capacity and the completion of automating all aspects of the sublevel cave during 2019. Syama is one step closer to becoming the robust, high production, low cost gold complex we have envisaged. Syama will be a powerhouse of gold production for Resolute for many years to come and generate significant returns for Resolute shareholders, local communities, suppliers and the Mali government,” said Welborn.

“Our exploration programs in Mali continue to yield impressive results. At Tabakoroni we now have a Mineral Resource comprising over 1 million ounces of gold at a grade above 5 grams per tonne. This resource inventory includes a maiden Underground Mineral Resource confirming potential for an underground mine at Tabakoroni which will materially extend mine life beyond the current open pit production,” he said.