WELCOME TO LANDORE RESOURCES
Landore Resources is an exploration/development company that seeks to grow shareholder value through the acquisition, exploration and development of precious, base and battery metals projects in eastern Canada. The Company is primarily focused on the development of its 100% owned BAM Gold Project, located on the Junior Lake Property.
The Junior Lake Property consists of 30,507 hectares and is located in Northwestern Ontario, in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay. It is host to: The BAM Gold Deposit; the B4-7 Nickel-Copper-Cobalt-Platinum-Palladium-Gold Deposit; the VW Nickel-Copper-Cobalt Deposit; Lamaune Gold Prospect; the Lamaune Iron Prospect and numerous other precious and base metal occurrences.
The BAM Gold Project is an early-stage development project with a Resource Estimate and Preliminary Economic Assessment.
The current Resource Estimate (NI43-101 January 2022) stands at:
- Just over 1.0 Million oz in the Measured & Indicated Category
- Just under 0.5 Million oz in the Inferred Category
The Preliminary Economic Assessment (May 2022) shows:
- Open Pit optimisation results of 22.4 Mt at 1.16g/t Au containing 833,000 ounces gold using a long-term gold price of US$1,800
- Pre-Tax: NPV at US$1,800 gold = US$333.6m; IRR = 87.4%
- Post-Tax: NPV at US$1,800 gold = US$231.2m; IRR = 66.7%
- After-tax payback of 1.25 years from the start of production or 2.25 years from the start of project
Next steps:
- Targeted drilling within the BAM footprint Fall/Winter 2023-2024
- Revised Resource Estimate after drilling results are available
- Pre-Feasibility Study following revised Resource Estimate
LATEST UPDATES
- 20/09/23 Receipt of Conditional Approval for TSX-V Listing
- 21/07/23 Board Appointment
- 20/07/23 Notice of Extraordinary General Meeting re Proposed Amendments to Articles of Incorporation
- 05/07/23 Amendment to Option Agreement, Miminiska/Keezhik Property
- 29/06/23 Appointment of Chief Executive Officer and Proposed Dual Listing on TSX-V
- 29/06/23 £600,000 Placing and Appointment of Joint Broker
- 22/05/23 Posting of 2022 Annual Report and Notice of AGM
- 22/05/23 Update re Planned Board and Management Changes
- 04/05/23 Final Results, Notice of AGM and Board Changes
- 13/04/23 Soil Sampling Confirms Significant Anomalous Gold and Strategic Metals, Junior Lake
- 13/04/23 2022 Soil Sampling Report, Junior Lake
- 06/03/23 Grant of Option, Lithium Block, Junior Lake
- 31/01/23 Option Payment, Miminiska/Keezhik Property
- 25/01/23 Drill and Exploration Update, Junior Lake
- 12/01/23 Conclusion of Strategic Review and Plans for 2023
- 17/11/22 Drill & Exploration Update, Junior Lake
- 31/10/22 Completion of Disposal of NSR at Root Lake
- 24/10/22 Execution of Extinguishment Agreement
- 18/10/22 Strategic Review Update
- 10/10/22 Sale of 50% NSR, Root Lake Lithium Property
- 30/09/22 Interim Results
- 20/07/22 Drill & Exploration Programme, Junior Lake
Junior Lake Resource-Exploration Zones AND PROJECTS
