REG - Landore Resources Ld - Completion of BAM Mineral Rights Acquisition

Landore ResourcesAnnouncement

25/04/2025 08:00

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RNS Number : 2091G  Landore Resources Limited  25 April 2025

25 April 2025

 

Landore Resources Limited

Completion of Additional BAM Mineral Rights Acquisition

 

London, United Kingdom - 25 April 2025 - Landore Resources Limited (AIM: LND)
("Landore Resources" or the "Company"), is pleased to confirm completion of
the acquisition by its subsidiary, Landore Resources Canada, Inc., of a series
of additional mineral claims adjacent to its existing flagship BAM Gold
Project area at its Junior Lake Property, Ontario, Canada, further to its
announcement on 26 March 2025.

 

The Company further notes that, in order to maximise tax efficiency for the
group, the transaction structure was slightly amended such that rather than
acquiring the British Columbia based holding company, 1491205 B.C. Ltd ("149
Corp"), the BAM Extensions were instead acquired directly from the vendor.

 

All other terms of the acquisition remain unaltered.

 

Unless otherwise defined herein, all defined terms used in this announcement
have the meanings ascribed to them in the Company's announcement of 26 March
2025.

- ENDS -

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say on our Interactive Investor hub at:

Landore Resources Investor Hub (https://investors.landore.com/link/XyM8bP)

 

For further information, please contact:

 Landore Resources Limited                                   contact@landore.com

 Alexander Shaw (CEO)                                        https://investors.landore.com/s/051b30

                                                           (https://investors.landore.com/s/051b30)
 or engage with the company directly:
 Strand Hanson Limited (Nominated Adviser and Joint Broker)

 James Dance/Matthew Chandler/Robert Collins

                                                             Tel: 020 7409 3494
 Hannam & Partners (Joint Broker)

 Andrew Chubb/Matt Hasson                                    Tel: 020 7907 8500
 Burson Buchanan (Financial PR)                              landore@buchanancomms.co.uk

 Bobby Morse/Oonagh Reidy                                    Tel: 020 7466 5000

Subscribe to our news alert service: https://investors.landore.com/auth/signup

 

About Landore Resources

Landore Resources (AIM: LND) is the 100% owner of the highly prospective BAM
Gold Project, Northwestern Ontario, Canada, which has an NI 43-101 compliant
resource estimate of 1.5m oz Au (Indicated: 1.03m oz from 30.96Mt @ 1.0g/t;
Inferred: 467,000oz from 18.3M/t @ 0.8g/t). Ontario is Canada's largest gold
producing province, and produced 3.9m oz, accounting for 41% of Canada's total
gold production in 2023. Landore Resource's strategic objective is to
crystallise value from BAM Gold's last estimated NPV of US$333.6m @
US$1,800/oz spot (from the May 2022 PEA), as well as generating additional
value from its non-core portfolio of precious and battery metals projects in
eastern Canada and the USA.

 

 

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