Business
Interim Results
Landore Resources announced its unaudited interim consolidated results for the six months ended June 30, 2025. The company reported a loss for the period of £1,282,031, with a basic and diluted loss per share of £0.005. Exploration costs totaled £846,072. The company's net assets stood at £976,131, including cash and cash equivalents of £578,612. Non-current assets were £521,175, including investments of £474,465. The company received £220,997 from the exercise of warrants. Total equity attributable to owners of the parent was £982,356. Mineral properties accumulated expenditure reached £33,776,107, with Junior Lake accounting for £31,196,316. Disclaimer*
About this update from Landore Resources Limited
[{"type":"text","content":"\n\n29 September 2025\nLandore Resources Limited\n(\"Landore Resources\" or the \"Company\")\nUnaudited Interim Consolidated Results for the Six Months Ended 30 June 2025\n \nLandore Resources (AIM: LND), the mineral exploration and development company with projects mainly in Canada, is pleased to announce its unaudited condensed consolidated interim results for the six months ended 30 June 2025.\n \nChairman's Statement\n \nThe first half of 2025 was a highly productive period for the Company as we continued to progress our flagship BAM Gold Project (\"BAM\" or the \"BAM Project\") in Ontario, Canada, which we believe represents a highly attractive gold asset within our Junior Lake Property, located in a supportive tier-one mining jurisdiction.\n \nThe key operational highlight was the commencement of our long awaited 3,500m diamond drilling programme in March 2025, focused on the eastern portion of the BAM deposit, which sought to build up greater clarity on the structure of the orebody and increase confidence in the overall resource estimate.\n \nThe results from the 14 holes for 3,549m of drilling completed across BAM East and West announced in June 2025, confirmed the potential for the existing resource to be expanded and reinforced the growing geological and economic significance of BAM. Our team successfully extended mineralisation to the east, identified high-grade intercepts at depth and strong gold potential within the gabbroic units to the west. Importantly, these latest results also demonstrated that there are some high-grade shoots in a consistent orebody.\n \nThe results will serve to inform our updated independent mineral resource estimate (MRE), which is now expected to be received during Q4 2025, and set to be a key milestone in BAM's development.\n \nOther achievements during the period under review included the successful acquisition of a series of additional mineral rights from 1491205 B.C. Ltd. (\"149 Corp\") by our subsidiary, Landore Resources Canada Inc., adjacent to our existing BAM Project. This provides an opportunity for substantial potential upside as we explore the BAM orebody and Junior Lake greenstone belts in order to establish a bigger resource.\n \nAdditionally, we received the latest scheduled option payment from Storm Exploration Inc. (TSX-V: ...