Mandalay Resources Corp. T.MND

Alternate Symbol(s): MNDJF

Metals & Mining Gold

Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Costerfield operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 km northeast of the town of Heathcote, Victoria. Youle and Shepherd are the main source of material for Costerfield. The Costerfield operation has a land package of approximately 1,219 hectares. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Bjorkdal mine produces ore from the Aurora zone underground mine, as well as from a stockpile of low-grade material accumulated over the course of its life of mine. The Bjorkdal operation has a land package of around 12,949 hectares. Its non-core properties include Lupin mines (Canada) and La Quebrada (Chile).

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Mandalay Resources Corp.

Bullboard Posts

Post by packison Jul 03, 2013 8:30am

245 Views

Post# 21586174

Aquisition coming?

With todays NR about increasing the debt facility one could almost smell an aquisition of an other distessed property coming soon.
An other comforting statement from Brad during the BNN intervju was regarding Costerfield "doubling production next year. And with higher grades and Antimony price holding up well even this will be a cash cow.

Looking forward to "our" new aquisition!

BR

Bullboard Posts

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