Landore Updates BAM Gold Resource, Shares Resume Trading on AIM

Landore Resources ( (GB:LND) ) has issued an announcement.

Landore Resources has released updated independent mineral resource estimates for the BAM Gold Project and the adjacent B-47 and VW base metal deposits on its Junior Lake Property, prompting the restoration of trading in its shares on AIM. The new CIM-compliant estimate for BAM, prepared by SLR Consulting within an optimised pit shell at a long-term gold price of US$3,000/oz, outlines 622,300 ounces of gold in the Indicated category and 33,700 ounces in Inferred, representing a substantial reduction from the 2022 pit-constrained figures due to tighter geological modelling, revised sampling data, and higher operating cost assumptions, despite a higher gold price. Management argues that the updated work significantly de-risks and better defines the orebody, bringing the project more in line with comparable Ontario gold deposits and providing what it sees as a more realistic platform for future growth, while also underscoring the potential value of the nearby critical minerals deposits in an environment of strong gold prices and heightened interest in strategic metals.

The most recent analyst rating on (GB:LND) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Landore Resources stock, see the GB:LND Stock Forecast page.

Spark’s Take on GB:LND Stock

According to Spark, TipRanks’ AI Analyst, GB:LND is a Neutral.

The score is driven primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn), indicating continued reliance on external funding despite having no debt. Technical indicators also lean bearish with negative MACD and the price below key moving averages, while valuation is hard to support due to negative earnings and no dividend yield data.

To see Spark’s full report on GB:LND stock, click here.

More about Landore Resources

Landore Resources Limited is a mineral exploration and development company listed on AIM that focuses on advancing its 100%-owned Junior Lake Property in northwestern Ontario, Canada. The company’s flagship asset is the BAM Gold Project, complemented by nearby nickel-copper-cobalt and platinum group metal deposits (B-47 and VW), positioning Landore within both the gold and critical minerals space in one of the world’s more mining-friendly jurisdictions.

Average Trading Volume: 1,429,893

Technical Sentiment Signal: Sell

Current Market Cap: £13.37M

See more data about LND stock on TipRanks’ Stock Analysis page.