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As of 4:30 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

landore resources ltd (LNDSF) Snapshot

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landore resources ltd (LNDSF) Details

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc., identifies, acquires, explores, and develops precious and base metal projects in eastern Canada and Nevada. It explores for nickel, copper, cobalt, platinum group elements, gold, lithium, zinc, and silver deposits. The company primarily focuses on the exploration of the Junior Lake property that covers an area of approximately 23,744 hectares located in Ontario, Canada. Landore Resources Limited is based in St. Sampson, the Channel Islands.

3 Employees
Last Reported Date: 05/19/15

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landore resources ltd (LNDSF) Key Developments

Landore Resources Ltd. Provides Review of the Junior Lake Nickel-Copper-PGE Property, Ontario, Canada

Landore Resources Ltd. reported commencement of an independent review of the Junior Lake Nickel-Copper-PGE Property, Ontario, Canada. The company is focusing on the highly prospective Junior Lake nickel-copper-cobalt-PGEs project, with the aim of growing its resource base to plus 100,000 tonnes of nickel equivalent (NiEq), to ultimately sell the project to a third party or enter into a joint venture partnership to develop the project. To date Landore has delineated NI 43-101 compliant resources totaling 55,008 tonnes NiEq contained metal on the two main deposits the B4-7 and the VW, of which 93.6% is in the Indicated category. To achieve its objective stated above, Landore has initiated a mineral potential investigation and geophysics review on the Junior Lake Property. As part of this investigation a re-assessment will be conducted of the Alpha Zone and Exploration Target for inclusion into the B4-7 resource, and recommendations will be made for further exploration including drilling, geotechnical and metallurgical works. The report will be to Canadian National Instrument NI 43-101 standards and is scheduled for completion the first week of September 2015. Landore has embarked on a multi-phase works plan starting with the afore-mentioned studies (phase 1). Following the completion of these studies in September 2015, and subject to available funding, Landore will commence phase 2 of its works programme consisting of metallurgical and geotechnical studies for optimisation of processing and pit parameters on both the B4-7 and VW deposits. The third phase of works, currently scheduled to commence in fourth quarter of 2015, consists of a definition drilling programme as per the independent engineers' recommendations to bring the Exploration Target and Alpha Zone into the NI 43-101-compliant B4-7 resource. Drilling will also test prospective geophysical targets as identified by the independent geophysicist.

Landore Resources Ltd. Announces Management Appointments

Landore Resources Ltd. at a board meeting following the AGM, the directors resolved to appoint Mr. Bill Humphries as Chief Executive Officer, with Mr. Charles Wilkinson taking over as Non-executive Chairman. Mr. Richard Prickett and Ms. Helen Green remain as Finance Director and Non-executive Director, respectively.

Landore Resources Ltd. Auditor Raises 'Going Concern' Doubt

Landore Resources Ltd. filed its Annual on May 19, 2015 for the period ending Dec 31, 2014. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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