Is a sale of all or part of the business on the cards for Landore Resources?
“…Results will start trickling in next week. We are pretty confident they will be ok. In an area that has been drilled before, we have done four drilling programme’s and all have come up with Gold and Battery Metals…”
Will a sale of the business, or at least part of it be on the cards for Landore Resources?
It’s a question being asked not just of the company, but about the sector as a whole. Take the recent MoneyWeek article tantalisingly titled “Gold miners are snapping each other up – here’s how to profit.”
And profit the loyal and legion of shareholders in the Canada-focused explorer and developer want. It’s a want shared by chief executive Bill Humphries and finance director Glenn Featherby who have been putting their own money into the company for two decades.
And while Humphries explains that drilling campaigns, including the upcoming programme, should be conducted “lentamente” or ‘slowly’ for the non-Italian speakers among us, there is momentum behind the ‘Should we sell, partner or become a producer of the Junior Lake property in Ontario?’
There’s plenty of scope in the project for gold and battery metals. Irrespective of asset name, the roll call includes 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 Humphries is now re-emphasising the potential of the long-held Carrot Top.
The strategic review of the business is underway and Featherby talks about due diligence being conducted, while Humphries says should no sale occur then the building of a mine is a distinct possibility. Proving up resources and talking to potential suitors and partners is ongoing with the phrase ‘So far so good” often repeated in this podcast with Sarah Lowther.
Watch Bill and Glenn present at the May 2022 Proactive 1-2-1 Investor forum
Read the accompanying Corporate Presentation
The author was remunerated but does not hold shares in the company