Agate Creek Gold Project (100%)
✚ Significant progress made to deliver low cost, low capital intensity, shallow high grade gold production from Agate Creek Project:
✚ Mining Lease Application advanced that will allow Laneway to quickly move to production;
✚ Native Title agreements being finalised
✚ The Company has infrastructure pathway established via Georgetown processing plant.
✚ Previous trial mining and processing produced 1,725oz of gold with a head grade in excess of 11g/t gold.
✚ Large highly prospective acreage of 648km2 with >60 untested targets, existing resource of 381,000oz of contained gold.
Laneway NZ Gold Project (100%)
✚ Prime tenure 58km2 in the prolific Hauraki Goldfields.Significant work completed in last 2 years with over 1500 surface samples, 31 line km of IP surveys and over 5000m of diamond drilling across the project. Further drilling commenced 29th November
✚ Over the past two years Laneway has been manager of a farm-in agreement between Laneway and Newcrest. The farm-in agreement was recently terminated and Laneway’s interest is back to 100% in the tenements.
✚ The project has significant potential for epithermal gold deposits and contains several outstanding targets with drilling planned.
Ashford Coking Coal Project (50% to 100%)
✚ Laneway has recently entered into an agreement to acquire a further 50% of the Project (taking Laneway to 100% interest)
✚ Recently completed an updated resource estimate (Indicated & Inferred) of 14.8Mt. Laneway intends to apply for a Mining Lease covering the 2 EL’s in next 12 months
LNY Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held