Laneway Resources Ltd (ASX:LNY) (“Laneway” or the “Company”) is a growing Australian mining company with assets in gold and coal. Laneway’s flagship project, the Agate Creek Gold Project, has a gold resource of over 400,000 ounces. In February 2015 the Company lodged a Mining Lease Application (MLA) over the high grade and outcropping mineralisation at the Sherwood and Sherwood West prospects, part of the Agate Creek Gold Project. Processing of ore from Agate Creek will be undertaken at the nearby Georgetown processing plant thereby reducing the capital expenditure and time required to bring Agate Creek into production.
The Company owns 100% of the Southern Coromandel Gold Project which comprises of two large Exploration Permits (Waitekauri EP53469 and Owharoa EP54216) covering an area of 102km2, within the highly prospective Hauraki Goldfield in New Zealand. Laneway is actively engaging interested parties to form a Joint Venture over the project.
The most advanced coal project is Ashford (LNY 50%, NHC 50%) where there is a resource of 18Mt of premium value hard coking coal.
Our objective is to become a near term gold producer providing exceptional investment returns to shareholders.
We aim to achieve this by:-
- Maximising the value of our existing assets through early development and later expansion.
- Having the best people available to achieve stretching but attainable targets by giving them the resources to get the job done
- Acquiring advanced pre-production assets with sound fundamentals and which match our skill base, from which we can create value by advancement through to development and production.
- Maintaining a focus on shareholder value and leverage