Antimony

• TORONTO, April 8, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces strong first quarter production results marked by a notable increase in cash balance.
• "We are pleased to report Mandalay's continued operational success in the latest quarter, achieving a solid production result of nearly 25,000 gold equivalent ounces across both operations.
• This achievement positions the Company on a stable trajectory towards meeting our annual production target of 90,000 – 100,000 gold equivalent ounces.
• Of significant note, Mandalay bolstered its cash reserves substantially, increasing its cash balance by over $20 million in the quarter, culminating in a closing quarter cash balance of $47 million."

• El Kef is rarely on the list of tours organised for international visitors who flock to Tunisia every year to enjoy sunny beaches and local culture.
• Tunisia has not recognised the value of El Kef’s historical and cultural diversity, nor promoted the region as an international heritage asset.

The city

• It has its origins as an ancient Numidian city before it became Roman and Byzantine colonies, beginning in 241BC.
• The city was home to renowned Sufi saint Sidi Bou Makhlouf.
• Serving as a hub for Tunisian theatrical arts, the city cultivates a blend of tangible and intangible heritage.

The Plateau of Jugurtha

• The Plateau of Jugurtha (Jugurta), 70km south of El Kef, is an important natural heritage site, covering 80 hectares and at an altitude of 1,200 metres.
• It is a mesa (flat-topped mountain) that has been linked to many legends.
• The mountain is said to have stopped the Romans in their long war with King Jugurta of Numidia.
• The Kingdom of Numidia emerged around the 3rd century BC in modern-day Algeria and parts of Tunisia and Libya.

Jerissa

• The town of Jerissa is to be found 50km south of El Kef.
• Jerissa was once known as Petit Paris (Little Paris), a name favoured by the French colonials.
• Today Jerissa is all but forgotten despite its rich history.

What should be done

• An official development plan for the sites described here – and many more besides – is much needed.
• Protecting the diverse and rich heritage of El Kef would boost the cultural, economic, social and environmental qualities of the region.

Majdi Faleh received a small fund from the Fulbright Alumni Development Grant (ADG) to support this project. Asma Gharbi is affiliated with Engage North Africa Nourchen Ben Fatma does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

• TORONTO, Feb. 22, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce its financial results for the fourth quarter and year ended December 31, 2023.
• After a poor start in 2023 due to various operational issues mostly at Costerfield, our strong financial performance in the fourth quarter underscored the effectiveness of our various strategic initiatives and the increased operational and financial focus of our team.
• "Costerfield delivered a robust financial quarter, achieving $28.5 million in revenue and generating $17.0 million in adjusted EBITDA.
• The following table summarizes the Company's consolidated financial results for the three months and years ended December 31, 2023 and 2022:

• Owing to the longevity of the Björkdal Mine and consistency of Mineral Resources replacement, Mandalay chose not to complete and report a full 2023 year end Mineral Resources and Mineral Reserves estimate reported in Q1 2024.
• In re-estimating the underground Interim Mineral Reserves at Björkdal Mine, a gold price of US$1,800 /oz has been used.
• A slightly more conservative stope CoG of 1.00 g/t has been used for estimating interim Mineral Reserves.
• A summary of the Interim Mineral Reserves estimates for the Björkdal underground and open pit mines, including Norrberget, are presented below in Table 3.