09:06 AM EDT, 07/31/2025 (MT Newswires) -- Brazilian-focused miner Serabi Gold ( SRBIF ) said Thursday that it increased its total mineral inventory after releasing an updated estimate for the Palito mine.

The estimate outlined proven and probable reserves totaling 162,600 ounces contained within 706,000 tonnes of ore at 7.2 grams per tonne (g/t) gold, compared to 206,400 ounces within 824,800 tonnes at 7.8 g/t gold in July 2023.

Serabi said the reserve life is equivalent to over six years of operations at current production levels, without considering conversion of additional mineral resources.

Measured and indicated resources increased 3% to 388,400 ounces of gold contained within 1.3 million tonnes at 9.6 g/t gold, compared with 377,800 ounces of gold contained within 1.2 million tonnes at 10.1 g/t gold reported in December 2023.

Inferred resources stood at 163,900 ounces within 690,200 tonnes at 7.4 g/t gold, up 7% from 153,900 ounces within 682,400 tonnes at 7.0 g/t gold announced in July 2023.

"This updated mineral resource demonstrates Serabi's ability to replenish resources on a consistent basis," CEO Mike Hodgson said. "We have regularly maintained our ability to replace production with new resources and in this instance, the combined measured, indicated and the inferred resource categories have increased by 4% since 2023."