mount leyshon to rise again?

What now for LRL ?

We know from previously release info -

Mt Leyshon operated from 1987 to 2002 as an open pit gold mine producing over 2.5 million ounces of gold and 2.3 million ounces of silver and paid over $300 million in dividends to its shareholders.

We have the stockpile of approximately 12-15 million tonnes of highly mineralised ball mill scats. This could produce approximately 100,000 ounces of gold.

We have the 25 km2 where extensive work was done but no follow up on some very interesting results ( due to the prevailing gold price)

As a possible complement to the scats retreatment, management has identified and previously reported three targets based on previous results that are worthy of follow up and one potentially large untested cross cutting structure.

The Company has received a number of approaches from parties wishing to further test these targets with a view to developing additional economic resources at the project.

Newmont still remains a major shareholder.


So does LRL now follow up on the extensive work done with drilling? Could it truck the scats to a third party mill to fund exploration and development? Does it invite a JV into the mix?


I agree with the thinking that a dedicated management team was required to get Mt Leyshon off the backburner where it was destined to stay while china was the main focus of the company.


o