Mandalay Resources Corporation is a Canadian-based mining company that focuses on the exploration, development, and extraction of precious metals. One of their most significant assets is the Costerfield Mine, located in Victoria, Australia. In this blog post, we’ll provide an overview of the Costerfield Mine, including its history, operations, achievements, and future plans.
History of the Costerfield Mine:
The Costerfield Mine is located 10 kilometers northeast of Heathcote, Victoria. It was discovered in 1992 by Western Mining Corporation, which later sold it to AGD Mining Limited in 2001. Mandalay Resources acquired the mine in 2009, and since then, it has been a significant contributor to the company’s production of gold and antimony.
Operations at the Costerfield Mine:
The Costerfield Mine is an underground mine that uses narrow vein mining techniques to extract gold and antimony. The mine operates seven days a week, and its production rate is approximately 400,000 tonnes per annum. Mandalay Resources uses a combination of mechanized and conventional mining methods to extract ore from the mine.
Achievements and Future Plans:
Since Mandalay Resources acquired the Costerfield Mine, it has achieved several significant milestones. In 2019, the mine produced 46,388 ounces of gold and 4,963 tonnes of antimony. The company plans to increase its production rate to 450,000 tonnes per annum by 2022, which will help them achieve their long-term goals. Mandalay Resources is committed to reducing its environmental impact by implementing sustainable mining practices.
How to use ProspectPro to find more information on the Costerfield Mine:
ProspectPro is a powerful data analytics tool that provides users with access to comprehensive mining information. By using ProspectPro, our clients can find information on the Costerfield Mine, including its location, proximity to other mines, the number of employees, emissions data, nearby population, stock information, financials, and more. This information can be used to make informed decisions about investing in the mining industry.
Conclusion:
The Costerfield Mine is a significant asset for Mandalay Resources, and it has contributed to the company’s success in the mining industry. With its commitment to sustainable mining practices, the mine is poised for long-term growth and success. By using ProspectPro, our clients can gain access to valuable information on the Costerfield Mine and other mining operations, allowing them to make informed decisions about investing in the industry.
Source: Information for this blog post was sourced from the Mandalay Resources website: https://mandalayresources.com/operations/costerfield-mine/.
ProspectPro link: https://arkanalytics.com.au/prospectpro-mining
Note: ProspectPro is a mining database and is not affiliated with Mandalay Resources.
