News: LNY Laneway Resources Says Announces Grant Of Mining Lease For Agate Creek Gold Project

Feb 11 (Reuters) - Laneway Resources Ltd (LNY) :

• ANNOUNCES GRANT OF MINING LEASE FOR AGATE CREEK GOLD PROJECT
• DUE TO RECENT SEVERE WEATHER AND FLOODING AT NORTH QUEENSLAND COMMENCING MINING AT AGATE CREEK REMAINS UNCERTAIN
• CO ANTICIPATES MATERIAL POSITIVE CASH FLOW FROM MINING ACTIVITIES AT AGATE CREEK HIGH GRADE PROJECT
• CURRENTLY EXPECTED THAT MINING MAY BE ABLE TO COMMENCE IN APRIL AT AGATE CREEK AREA
• LANEWAY RESOURCES - MAROON GOLD PVT LTD NOTIFIED LANEWAY THAT THEIR BLACK JACK GOLD PROCESSING PLANT HAS NOT BEEN DAMAGED BY SEVERE WEATHER EVENT
• LANEWAY RESOURCES - MAROON GOLD PVT LTD ADVISED THAT THEY ANTICIPATE BLACK JACK PLANT WILL RESTART TOWARDS END OF WEEK