Impressed by - firstly OUR gold bar produced by LNY and...
1. Laneway entered into an agreement earlier this year to acquire the Georgetown Project and is now incontrol of all of its own mining and processing operations.
2. Processing rates are currently approximately 18 tonnes per hour day shift only – a second shift isscheduled to commence later this month allowing 24-hour processing with throughput rates expected to averagearound 20-22tph.
3. The expected cash flows will establish a sound financial platform for the Company to progress its project portfolio.
4. Planning is also well advanced for further drilling programs at Agate Creek targeting additional potential high-grade zones.
5. Laneway Managing Director, Brad Gordon commented:This first gold pour is another significant milestone for Laneway on its journey to becoming a substantial goldproducer. Following entering into the agreement to acquire the Georgetown Project including the GeorgetownGold Processing Plant earlier this year, Laneway has successfully and rapidly executed on the refurbishment andrecommissioning of the plant and the recommencement of mining at Agate Creek. The strong cashflows that cannow be generated will establish a solid base for unlocking the considerable value in our project portfolio.
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LITTLE GREEN PHARMA LTD
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