Thats better on the RNS. Don't like the only holding being gold which is subject to seesaw. Anyway the RNS has given me sufficient confidence to put them in amongst my ISA shares. I don't need to make an immediate profit. My ISAs are spread out with an anticipation of 1-3 years 3-4 years and 4 to 5 + years. With Merlin and Harry Potter's help they will steadily produce, mentally pencilled in to yield in 3-4 years time, earlier if a partner emerges
Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon" or the "Company") is pleased to announce that it has commenced a strategic review of the Mt Leyshon Project in Queensland, Australia.
The Mt Leyshon Project is currently on care and maintenance. The Company is going to undertake a strategic review to assess its options in relation to the project. A number of potential opportunities to create value from the project have been identified, including:
1) The potential to recover the gold from the ball mill scat stockpiles. A previous economic study demonstrated only modest returns at a gold price of US$780 per ounce, compared to the current price of US$1300 per ounce;
2) Utilising the existing pit and other infrastructure for small-scale hydro power generation; and
3) Reassessing the exploration potential of the ground in the vicinity of the old mine.
The Mt Leyshon Project comprises five Mining Licenses with a total area of 2,546 hectares, 24 kilometres south of Charters Towers in northern Queensland. The Mt Leyshon Gold Project was a large-scale, open-cut mine operated from 1987 to 2002, producing over 2.5 million ounces of gold and 2.3 million ounces of silver during its mine life......EDIT...We look forward to updating Shareholders on the path forward for the project. The Company is also continuing to actively review other project opportunities and is in discussions with a number of parties with respect to
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