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Landore Resources eyes Toronto listing

A secondary listing in Toronto would, in the view of the Landore directors, prove beneficial for the advancement of Landore’s significant mineral discoveries at Junior Lake

Toronto stock exchange
Landore has an exploration office located in Thunder Bay, Ontario, Canada

Landore Resources Ltd (LON:LND) is considering a secondary listing on the Toronto Stock Exchange, either the TSX or the TSX Venture exchange.

Landore's acquisition of the contiguous Lamaune property has significantly increased the size of its Junior Lake property in Ontario.

READ: Landore gets BAM for buck at Junior Lake with gold option

A secondary listing in Toronto would, in the view of the Landore directors, prove beneficial to advance Landore’s significant mineral discoveries on the Junior Lake property.

To support any application to the TSX, Landore will be required to submit an updated NI 43-101 technical report on Junior Lake to include all of the previously reported mineral resource estimates as well as the BAM East Gold Deposit. 

As previously announced, Landore has engaged Roscoe Postle Associates of Toronto, Canada to complete the Landore Junior Lake technical report, which is scheduled to be finalised during Q4 2017.

READ: Landore Resources demonstrates exceptional recoveries from core at BAM East

The technical report will include resource upgrades for the BAM East gold deposit; the B4-7 polymetallic deposit; and the VW nickel-copper-cobalt deposit.

The three deposits, BAM Gold, B4-7 and VW are all located within three kilometres of each other, providing significant cost saving synergies for their development either together or in sequence, Landore said.

Shares in Landore were up 2.6% at 1.95p in early trading.

More to follow …

Quick facts: Landore Resources Ltd

Price: 26.75 GBX

AIM:LND
Market: AIM
Market Cap: £24.12 m
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Landore boosted by latest Junior Lake results

The CEO of AIM-listed Landore Resources (LON:LND), Richard Prickett, has described as "hugely positive" the discovery of what could be significant deposits of nickel at its Junior Lake project in Ontario, Canada.

on 04/24/2014

2 min read