Appointment of Joint Broker

RNS

19 December 2024

LANDORE RESOURCES LIMITED

Appointment of Joint Broker

London, United Kingdom - 19 December 2024 - Landore Resources Limited

(AIM: LND) ("Landore Resources" or the "Company") is pleased to announce the appointment of H&P Advisory Limited ("Hannam & Partners") as joint broker with immediate effect.

Landore Resources' CEO, Alexander Shaw, commented:

"The appointment of Hannam & Partners as our joint broker reflects the next phase of Landore Resources' corporate evolution as we roll out our targeted new strategy to develop the accretive BAM Gold Project in Ontario as a flagship asset under our new leadership.

"We look forward to working with our London-based advisors as we approach 2025, which will see the expected commencement of a targeted 3,500m drilling campaign at BAM in Q1 and advancement of exploration studies with the aim of releasing a Mineral Resource update and updating the Pre-Feasibility study next year."

-ENDS-

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About Landore Resources

Landore Resources (AIM: LND) is the 100% owner of the highly prospective BAM Gold Project, Northwestern Ontario, Canada, which has an NI 43-101 compliant resource estimate of 1.5m oz Au (Indicated: 1.03m oz from 30.96Mt @ 1.0g/t; Inferred: 467,000oz from 18.3M/t @ 0.8g/t). Ontario is Canada's largest gold producing province, and produced 3.9m oz, accounting for 41% of Canada's total gold production in 2023. Landore Resource's strategic objective is to crystallise value from BAM's last estimated NPV of US$333.6m @ US$1,800/oz spot (from May 2022 PEA), as well as generating additional value from its non-core portfolio of precious and battery metals projects in eastern Canada and the USA.