Landore Resources (LSE:LND) reported progress across its Junior Lake exploration project in Ontario, Canada, alongside the completion of asset disposals and corporate restructuring during the six months ended 30 June 2026, according to its unaudited interim results.
The company advanced work on an updated NI 43-101 mineral resource estimate covering the BAM Gold, VW and B4-7 deposits at Junior Lake.
Exploration activities at the Lamaune Gold prospect included infill sampling and further structural analysis, aimed at refining the geological model and progressing the prospect towards an initial mineral resource estimate.
During the period, Landore completed the option transaction involving its Miminiska and Keezhik properties, receiving the final cash instalment of C$1.3125 million.
The company also disposed of its remaining interest in Storm Exploration Inc., completing a further divestment of assets outside its principal exploration portfolio.
Landore secured the maximum available award of C$215,000 under Ontario’s Junior Exploration Program, providing additional funding for its exploration activities.
At the corporate level, the company implemented restructuring measures to reduce costs and appointed SP Angel as its nominated adviser and joint broker.
Landore’s principal asset is the wholly owned BAM Gold Project in northwestern Ontario, which hosts an NI 43-101-compliant mineral resource of 1.5 million ounces of gold.
The company focuses on gold and critical minerals exploration and development in Canada, alongside additional early-stage assets in Nevada.
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