Mandalay Resources Corporation announces that Braam Jonker has resigned, as a member of the Board of Directors (the "Board") to focus on other endeavors. Amy Freedman will assume the role of Lead Independent Director and the Board will commence a search for a new Independent Director.

Bradford Mills, Executive Chair, commented:

"On behalf of Mandalay's Board, I want to express our appreciation to Braam for his years of dedicated service and significant contributions to the Company and we wish him continued success in the future."

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden. The Company is focused on growing its production and reducing costs to generate significant positive cashflow. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement.

Resource refers to all the materials available in our environment which are technologically accessible, economically feasible and culturally sustainable and help us to satisfy our needs and wants. Resources can broadly be classified according to their availability as renewable or national and international resources. An item may become a resource with technology. The benefits of resource utilization may include increased wealth, proper functioning of a system, or enhanced well. From a human perspective, a regular resource is anything to satisfy human needs and wants.

The concept of resources has been developed across many established areas of work, in economics, biology and ecology, computer science, management, and human resources for example - linked to the concepts of competition, sustainability, conservation, and stewardship. In application within human society, commercial or non-commercial factors require resource allocation through resource management.

The concept of resources can also be tied to the direction of leadership over resources; this may include human resources issues, for which leaders are responsible, in managing, supporting, or directing those matters and the resulting necessary actions.

Mandalay's mission is to create shareholder value through the profitable operation and regional exploration programs, at both its Costerfield and Bjorkdal mines. Currently, the Company's main objectives are to continue mining the high-grade Youle and Shepherd veins at Costerfield, and to extend Mineral Reserves. At Bjorkdal, the Company will aim to increase production from the Eastern Extension area and other higher-grade areas in the coming years, in order to maximize profit margins from the mine.

 

Source: prnewswire.com

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