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There company monthly newsletter has also been released. Worth signing up for updates. https://investors.landore.com/newsletter-april-2026

From company website.

April 2026 Updated Corporate Presentation (Coming Soon)

Landore Resources is preparing an updated corporate presentation, which will incorporate the latest Mineral Resource Estimate (MRE) and outline the Company’s strategic plans and priorities going forward. The updated presentation will be published shortly.

April 2026 - so presumably news this week... hopefully concrete plans beyond a basic field campaign

Impressive stuff. I wonder if we are also looking at some form of royalty financing?

Alternatively Alex, Glenn and a JCB could find the 1,000 ounces of so near-surface ounces for a quick $5 million to fund the next development stage.

Well there was the £1.5 million placing in November, $1.3 million CA for the storm minimiska deal in January, the sale of storm shares around $800k CA and then the government grant of $215k CA, adds up to a decent amount of around £2.8 million, plus whatever they had left over.

Pretty significant given a market cap of £7 million, even if you assume with ongoing spend that cash balance is £2 million. But JB73 is correct, as ever with landore there is no context making it easy for anyone reading RNS. It was a perfect opportunity to go out on the media rounds and highlight all this non dilutive money. I would say most people reading the RNS will be ‘great they have 215 k, but what they going to do with that’. 215k was the only number mentioned….

Who knows why they don’t do this, there will probably be some line that they can’t because they are in discussions with some people, I’m sure they probably are, but you can still promote the company. Even if it doesn’t attract new buyers, they should also be conscious that preventing sales from tired shareholders is equally as important, and it’s pretty obvious this what shareholders want to see.

in other news I saw that Hannah have raised the target price to 14.4p….this remains easily one of the biggest disconnects out there

SorB - i agree with you that the MRE has caused investors to move away from here. But the most recent MRE was not disastrous. In fact, it was the 1.5 moz MRE that was disastrous because it was not done to standards. At least now have a high confidence resource. Alex said in the investor call that he was not buying more because he already bought 25 k worth in the placing a few weeks before the MRE and already has substantial stock in Luso, who own a chunk of Landore and couldn't afford it. Just relaying his reasoning. There is a presumption from investors that all CEO's are millionaires and should all be owning 3%+, which is obviously not true. But i do agree with you, given the circumstances, that it would have looked better if he did buy more. Especially as he could have got them much cheaper than the batch he purchased a few weeks earlier.

$100 an ounce is no longer the going rate, its way higher for high confidence ounces in Ontario. Obviously the problem is we are clearly not going to command the highest premiums with our current market cap, but it shows how undervalued we are. I think factors such as the mining lease, location - we are about 60 miles away from the nearest large mine, Alex mentioned the possibility of a 'bolt on' to this mine are especially underappreciated here. The years (decades) of exploration also add some value in terms of environmental understanding and geological understanding. Then there is the battery metals, which are small, but not worthless.

There is also clear district scale potential.

I enjoyed Alex's phrase last night: The 2026 MRE has produced more valuable ounces.

There is clearly genuine interest as well, a letter of intention was days away from being signed in September (mentioned in webinar last night - worth a watch on company website).

Still hopeful (and expectant) that somethin good will come out of this share.

Turnkey the 2 moz - was Bill Humphries misinformation.

Have listen to the interview link in the RNS at bottom.

Dissapointing to see the drop of course, but we know exactly what we have, its still a signifficant deposit. Still undervalued. The previous PEA was done using 850k ounces, we now have 650k. Thats the way to look at it.

Woops, they appear to have sold $316k worth of strom shares last week. The £1.4 mill fund raise + $1.3 mil sorm payment + this 316k is a decent amount. I would not be surprised more drilling announced with the MRE

They appear have sold 316k

Very interesting observation cyril...

I agree that a couple of days cannot be made into 4 weeks. But there is an obvious caveat - Christmas. Presumably one of the reasons its been suspended as that some form of third parties are involved meaning the secracy of the MRE cannot be maintained. For example if they had to go back to cube, the consultants of the pevious MRE who are based in Australia, where most of the country are off for 2 weeks, you can see how dates begin to add up. But i guess they would have been aware of this when writing this originally.

I cant see this being a fraud, the company have been going on for years and years with lots and lots people/consutants involved at different times, it would have come out. Could there be an issue with the previous MRE? Who knows. SLR are known for being conservative, could there be a downgrade? But even that would not explain the suspension. Could they be activley haggling? The company could come back with more data saying, look you have it wrong. Could there be a corperate transaction or interest, maybe, but i would have thought there would have to be a mention of this in the RNS.. all very strange.

The mention of the b-47 and VM is interesting. There has been no mention of this before.

We remain in limbo, with a hint of pessimisim

Nothing to do with price of gold. Its warrants being sold, think we will see another RNS soon, but after that thats them all gone.

That is this week or Monday, Tuesday next week. If they keep to the timetable..

MRE is being done this time around by a globally leading consulting company. I would not be surprised to see some different formats/methods in line with modern minning. Wonder if it will trigger any interest. A sitting duck here, especially with all the producers pockets full of cash with gold at $3,750...

Good work bankrupty, but along way to go until anything approaching fair value. These past few weeks have been a gimmie. Quadrupled my long term holding.

Highly doable here.

The asset is good, I think this will be proven to beyond all doubt in the next MRE which must be due very soon. The issues in the past were horrendous timing with the strategic review (peak inflation, low in gold price) and seemingly an MRE/PEA not done to modern mining standards. Not to mention the wasted expenditure on drilling not connected to the main asset. Things are very much looking up, the new CEO is a geologist (unlike the previous long standing CEO) and in all communications (webinars etc) has been highly impressed with BAM and its potential for more and higher grade ounces. This MRE could change things, by re-affirming BAM's quality.

Folk need to open their eyes. 1.5 million ounces of gold at a decent (albeit not exceptional) grade, in canada, at such low market gap when gold is >$3000. Rick Rule invested, Sprott invested, Mota hold 10%.... Will there be a placing at some point. Obviously yes. Think we went up ~100% after the last placing in a few days...and there is the MRE + PEA to come first..

Hannam and Partners value this at 16p at present.

As for the selling, millions have been sold over the past 2 months. Including someone (or group) dumping 6/7 million on the day of the drill results. The drill results were unquestionably good, it was a pre=mediated dump. The volume of selling would strongly suggest a TR-1 should be imminent, but it is not appearing. It never felt right, it still doesn't, why sell this much at these prices just as the company was looking good again. ..

I heard an interesting theory from a long-term LND holder in the past few days who attended the AGM. The word they used was 'mischievous' to describe the selling.... make of that as you will... ... low ball offer would be my guess...either annoyed the board didn't consider it or trying to further tire already tired shareholders out in advance of one coming...

The only thing that still bugs me with this is the CEO not holding a load of stock.

WSBN - zero gold - maybe something in a drill - M/C £27 million

Cora Gold - 1 Moz - 1.04 g/t in MALI - M/C £30 million

Norsemont minning - 2.7 Moz - 0.8 g/t - M/C $50 million

Borealis mining - 2.2 Moz - 1.47 g/t - M/C $87 million

Landore Resources - 1.5 Moz (and about to grow) - 1 g/t (also should improve a little) - M/C £8 million

Incredible that the company is in this position.

Looks like seller could be out to me, just overhang. Seller is not taking part in placing, seller is out for good. Dont expect placing anytime soon, company have no interest in raising at these levels, but has been a nice opportunity for long-term holders to average down considerably. 1.5 million ounces of gold for market cap of 8.6 million. That is lower than some companies who have zero gold or zero meaningful drilling results. To add to that a revised MRE is going to be released in the coming weeks, so that 1.5 million ounces will grow and hopefully the share price as well.

Scott240 - amazing switch on views in just 6 days.

Scott240 - 19th June

"It’s all being lined up for an offer

Accumulate"

Https://youtu.be/o3E_CjGxJXg?feature=shared

Interview with alex