Landore Resources Limited

Properties

Default features description for sign up page.

Webinars

Media

Announcements

Home

Site & Technical Reports

Presentations

Notice & Circular

Annual & Interim Reports

Aim Rule 26

Share Price & Information

Contact Us

Corporate

IBM Plex Mono

is a [early-stage or mid-term] development

 project with a Resource Estimate and Preliminary Economic Assessment.

The current Resource Estimate (NI43-101 January 2022) stands at:

Just over 1.0 Million oz in the Measured & Indicated Category

Just under 0.5 Million oz in the Inferred Category

The Preliminary Economic Assessment (May 2022) shows:

Open Pit optimisation results of 22.4 Mt at 1.16g/t Au containing 833,000 ounces gold using a long-term gold price of US$1,800

Pre-Tax: NPV at US$1,800 gold = US$333.6m; IRR = 87.4%

Post-Tax: NPV at US$1,800 gold = US$231.2m; IRR = 66.7%

After-tax payback of 1.25 years from the start of production or 2.25 years from the start of project

Targeted drilling within the BAM footprint Fall/Winter 2023-2024

Revised Resource Estimate after drilling results are available

Pre-Feasibility Study following revised Resource Estimate

The Junior Lake Property consists of 22,037 hectares and is located in Northwestern Ontario, in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay. It is host to: The BAM Gold Deposit; the B4-7 Nickel-Copper-Cobalt-Platinum-Palladium-Gold Deposit; the VW Nickel-Copper-Cobalt Deposit; Lamaune Gold Prospect; the Lamaune Iron Prospect and numerous other precious and base metal occurrences.

Canadian Properties

American Properties