- Laneway Resources (LNY) resumes mining operations of high grade ore at the Agate Creek project in North Queensland
- The resumption of mining follows on from the firing of the first production blast on June 10 and the recent approval of the Environmental Authority amendment
- The first phase of the refurbishment of the plant is progressing well with site works and electrical and mechanical refurbishment programs on track
- The company says the restart will enable it to take control over its gold production future and begin building the platform for a regional gold processing centre
- Shares in Laneway are up 25 per cent, trading 0.5 cents as of 12:10 pm AEST
Laneway Resources (LNY) has resumed mining operations of high grade ore at the Agate Creek project in North Queensland.
The resumption of mining follows on from the firing of the first production blast on June 10 and the recent approval of the Environmental Authority amendment to allow Agate Creek ore to be treated through the Georgetown processing plant.
The first phase of the refurbishment of the plant is progressing well with site works and electrical and mechanical refurbishment programs on track to enable the commencement of processing of ore in early August.
Managing Director Brad Gordon noted with the mining underway and continued good progress on the works needed for the plant restart, Laneway is progressing towards the commencement of gold production which will enable it to execute on its significant growth pipeline.
The company said the restart will enable it to take control over its gold production future, generate material free cash flow and begin building the platform for a regional gold processing centre.
The mining fleet was recently mobilised and clean up works have been finalised.
Shares in Laneway were up 25 per cent, trading 0.5 cents as of 12:10 pm AEST.