Laneway Resources (ASX:LNY) is an Australian mining company with assets in gold and coal projects.
Laneway was granted Mining Lease 100030 on the 1st March 2019 over its 100% owned near surface high grade Agate Creek Gold Project in North Queensland. Agate Creek is planned to be a low strip ratio open cut mining operation that aims to utilise a third party processing plant, owned by Maroon Gold, to deliver gold production at a significantly reduced 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. Laneway holds over 648km2 of exploration tenements around the Agate Creek MLA. Production is expected to begin shortly.
In New Zealand Laneway owns 100% of an Epithermal Gold Project. This project encompasses a large (over 58km2) highly prospective land holding adjacent to Oceana Gold’s Martha Mine (Waihi) and New Talisman's Karangahake Project. Laneway is actively exploring these tenements with over $NZD5 million spent on-ground over the past 3 years.
The Company also holds 100% of the Ashford Coking Coal project in NSW which contains an estimated JORC resource of 14.8Mt of metallurgical coking coal.
The company has a strong Board and Management team with a record of developing junior resource companies.
Laneway’s primary focus is on the further progression of it’s gold projects, initially establishing cash flow from Agate Creek to establish a robust financial footing to continue the progression of all its assets
Laneway is also actively reviewing additional potential high growth projects and as appropriate farm-out or JV of existing assets.