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Landore Resources ( (GB:LND) ) has issued an update.
Landore Resources has announced that finalisation of the updated Mineral Resource Estimate for its flagship BAM Gold Project and the B4-7 and VW deposits is ongoing, with publication now expected in mid-January. Trading in the company’s ordinary shares on AIM will remain suspended until the new resource estimate is released, prolonging uncertainty for investors but signalling that the forthcoming update will be a key catalyst for reassessing the value and development trajectory of its Canadian gold and base metals assets.
More about Landore Resources
Landore Resources Limited is a mineral exploration and development company focused on precious and battery metals projects in eastern Canada and the United States, and is the 100% owner of the BAM Gold Project in northwestern Ontario. The BAM project currently has an NI 43-101 compliant gold resource of 1.5 million ounces and a prior preliminary economic assessment indicating significant project value, positioning the company within Canada’s largest gold-producing province and underpinning its strategy to crystallise value from its core gold asset while leveraging its broader portfolio.
Average Trading Volume: 1,558,793
Technical Sentiment Signal: Sell
Current Market Cap: £13.37M
See more data about LND stock on TipRanks’ Stock Analysis page.