viewLandore Resources Ltd

Landore keeps costs tight in the half year to end June; acquires half of the 2% NSR on Lamaune

iTs highly prospective Canadian portfolio includes the BAM gold deposit on the Junior Lake project which holds a resource of over a million ounces of gold

Landore Resources Ltd -

Landore Resources Ltd (LON:LND) turned in a £695,000 loss for the six months to end June 2020, almost exactly level with the loss booked for the corresponding period a year ago.

The company spent £102,750 on exploration at its highly prospective Canadian portfolio, which includes the BAM gold deposit on the Junior Lake project.

Cash at the period end was £79,000. However, the company raised £2.9mln on June 29, 2020, and took delivery of the new funds after the period end.

As well as BAM, Landore has a 90.2% controlling interest in Lamaune Iron Inc, which owns the property adjacent to Junior Lake, and a 30% interest in the West Graham property located in the Sudbury Nickel Belt.

It also has the rights to 99 claims in the state of Nevada.

Separately, the company said it is also to acquire half of the 2% net smelter returns royalty held on the Lamaune Lake property for C$150,000 in cash and shares.

Quick facts: Landore Resources Ltd

Price: 20.35 GBX

Market: AIM
Market Cap: £18.46 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Landore Resources Ltd named herein, including the promotion by the Company of Landore Resources Ltd in any Content on the Site, the Company...


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