Why Invest

Proven track record of +10 years of operations woth mine life extension potential at both operations 

Established profile of 85,000 - 95,000 AuEq oz with no royalties, streams or encumbrances to cash flow. Both operations are 100% owned with large claim areas around mines:

Costerfield

• Located in the Victorian Gold Belt and 30 km from Fosterville; and
• Stable production schedule expected via Youle vein and Shepherd deposit.

Björkdal

• Sweden is one of top EU mining countries. Bjorkdal mine is in proximity to Boliden and Lundin Mining; and
• Consistent underground production with higher-grade ore from Aurora zone and the Eastern zone. 

Costerfield Near Mine

• Shepherd Surrounds: Further extensions near multiple Shepherd veins
• Brunswick Deeps: Indications of Shepherd and Youle style veins at depth and to the north of Brunswick 
• Cuffley Deeps: Testing the strike and depth extensions of Cuffley Deeps and Sub KC resources

Björkdal

• Higher-Grade Resources
  • Eastern extension is proving to lift current ore grades and is open at depth
  • New domain to north has shown potential for higher grades as well
• Bulk Mining Resources
  • Aurora depth extension and Boreal zones are key targets

Mandalay generates free cash flow allowing for financial flexibility to continue funding its exploration programs and sets the Company up for future profitability and growth