Laneway Resources (ASX:LNY) is an Australian mining 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 North 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 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 600km2 of exploration tenements around the Agate Creek MLA.
In New Zealand the Company owns 100% of the LNJV Gold Project. This project encompasses a large (over 80km2) 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).
The Company also holds the Ashford (LNY 50%, NHC 50%) coking coal project in NSW where there is a JORC resource of 13Mt of premium hard coking coal.
The company has a strong Board and Management team with a record of developing junior resource companies.
Our objective is to become a gold producer providing exceptional investment returns to shareholders.