LGM aspires to pursue the following activities:
Drilling of primary gold targets at key tenements such as Mt Flora, Thunderbox South, Tower Hill Deeps, Narembeen and Mt Weld (redeemed, Specimen Hill)
Assessment of gold, REEs and base metal anomalies in portfolio
Acquisition of additional key gold tenements in the Leonora/Laverton region planned immediately post ASX listing
Consideration of other potential mergers, joint ventures and collaborative undertakings, noting that LGM has had recent approaches from numerous parties, who seek some form of involvement.
For investors seeking opportunities in the mining industry, Leonora Gold and Minerals offers a platform for sustainable growth. Discover the potential and benefits of partnering with us.
The portfolio proffered by LGM consists of 64 tenements in Western Australia, the most significant being the North Tampia/Narembeen. These areas, privately held for many years, include the Ramelius
purchase of $59,000,000 for Explaurum, representing a 66% premium bid. A recent $59,000,000 purchase of KIN Mining’s Bruno/Cardinia (ASX:KIN) and Lewis gold resources (0.6moz) by Genesis
Minerals (ASX:GMD) in the Leonora region highlights the value of LGM’s portfolio, which containing a large number of gold targets as defined by previous explorers that include CRA (Rio Tinto) and Magnetic Resources (ASX:MAU) and Genesis Minerals now drilling on the boundary with LGM’s Tower Hill Deeps as they look to progress approvals for the 1moz Tower Hill open cut.