The 100 per cent-owned operation is based 70km south of Kalgoorlie-Boulder, with Anglo Australian reporting to the ASX on Tuesday an updated mineral resource estimate covering the Theia, Iris and Eos deposits and totalling 24Mt at 1.0g/t for 784,000oz of contained gold.
The company stated this was the third update in eight months, which represented an 18 per cent increase on the previous mineral resource estimate of 20Mt at 1.0g/t for 665,000oz announced in August 2021.
Anglo Australian managing director Marc Ducler celebrated the news and said the company was confident of achieving further growth with future drilling operations.
“This is a great way to start the new year, with the delivery of our third successive mineral resource estimate for Mandilla in eight months,” he said.
“Over that period Mandilla has rapidly grown from just over half a million ounces of gold to 784,000 ounces and we still have results pending for over 13,500m of diamond and air‐core drilling.
“The company completed over 48,000m of drilling at Mandilla in 2021. With a cash balance of around $8.8 million, we are in a strong position to continue to grow the Mandilla gold project during 2022.”
The company stated its total gold mineral resource inventory was 27Mt at 1.1g/t for 900,000oz contained gold when its Feysville Gold Project, also located near Kalgoorlie-Boulder, of 3Mt at 1.3g/t for 116,000oz of contained gold, was also considered.
