Greenfield Exploration, Senegal
Overview
Greenfield Exploration, Senegal
Resolute has several greenfield exploration projects in Senegal including Tomboronkoto, Bantaco and Laminia. These projects are being advanced with the goal of extending the mine life at Mako.
Tomboronkoto
Tomboronkoto is located approximately 17km from the Mako plant. It is currently Resolute’s most advanced greenfield project in Senegal with an Inferred and Indicated Mineral Resource Estimate of 7.0 Mt grading 1.7 g/t for 377 koz of contained gold (reported at cut off above 0.7 g/t within a US$2,950 optimised pit shell). The Tomboronkoto deposit is drilled to 150m below surface and is open down dip.
It is envisaged that Tomboronkoto will become a satellite pit with ore hauled to the Mako plant for processing. The current estimate for development capital expenditure for the Tomboronkoto Project is between $80-100 million primarily consisting of village relocation/resettlement, road diversion, new tailings storage facility construction and plant modifications.
The Tomboronkoto Environmental and Social Impact Assessment (ESIA) is progressing well with a submission of a draft scheduled for the second half of 2025. Following this there will a public hearing, technical committee and confirmation of costs of the Environment and Social Management Plan which are expected to be completed by the third quarter of 2025. Assuming no major changes, Resolute expects validation of the ESIA and issuance of an Environmental Permit by the end of 2025. Engagement, studies, surveys and consultations for the resettlement action plan are expected to commence in 2026. Construction and resettlement is planned into 2027.
Bantaco
The Bantaco Project presents another opportunity to find an economically exploitable gold resource to extend the life of Mako. The Bantaco permit is adjacent to the Tomboronkoto permit and is approximately 20km east of the Mako plant.
Resolute commenced drilling in June 2024. Drilling is ongoing with a total of 2,100m of diamond drilling and 37,360m of RC drilling completed by Resolute to date.
Drilling has identified potentially economic gold mineralisation in three locations at the Bantaco Project (Bantaco Main, Bantaco South and Bantaco West). Given the extent of mineralisation, Resolute has increased drilling efforts with nine rigs currently on site with the strategy to outline an initial MRE covering
Bantaco West targeted for Q3 2025.
Preliminary metallurgical test work has commenced to confirm suitability for processing in the Mako plant. Pending further drilling and technical studies the Bantaco project could potentially be developed ahead of Tomboronkoto given the significantly lower resettlement requirements.
Laminia
Laminia is located approxaimtely 25km sout east of the Mako plant and covers the souther extensions of the Massawa Shear Zone which controls the gold mineralisation hosted in the Massawa Deposits held by Endeavour Mining.
