Laneway Resources (ASX:LNY) is an Australian exploration company with assets in gold and coal. Laneway has lodged a Mining Lease Application over its 100% owned near surface high grade Agate Creek Gold Project in Queensland.
Agate Creek is planned to be a low strip ratio open cut mining operation that aims to utilise the nearby Georgetown processing plant to deliver gold production at a significantly reduce capital cost and will have the added benefit of reducing the time to first gold production. Agate Creek has an existing JORC Resource of 380,000oz of contained gold.
In New Zealand the Company owns 100% of the LNJV Gold Project. This project encompasses a large highly prospective land holding adjacent to Oceana Gold’s Martha Mine (Waihi) and Heritage Gold's Talisman Project. Laneway is exploring the tenements in a Joint Venture with Newcrest Mining (NCM).