REG - Landore Resources Ld - Corporate Update and 2026 Field Programme

Landore ResourcesAnnouncement

07/05/2026 07:00

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RNS Number : 3198D  Landore Resources Limited  07 May 2026

7 May 2026

LANDORE RESOURCES LIMITED

Corporate Update and 2026 Field Programme

 

London, United Kingdom - 7 May - Landore Resources Limited (AIM:
LND) ("Landore Resources" or the "Company"), is pleased to provide an update
on strategic developments and the commencement of its 2026 field programme.

The Company continues to make progress on a number of initiatives aimed at
unlocking value across its asset base, with discussions ongoing with several
parties regarding potential strategic pathways for the Lessard and Nevada
properties. These conversations encompass a range of options including joint
ventures, partnerships and potential asset-level transactions, all with the
objective of maximising shareholder value whilst maintaining focus on the
Company's core priorities.

With an active exploration season about to begin and strategic negotiations
progressing, the Company enters this next phase with clear direction and
growing momentum.

2026 Field Programme

The Company confirms that its 2026 field programme will commence on 14 May
2026, with the primary technical objective being infill sampling and
structural refinement at the Lamaune Gold Prospect ("Lamaune"), aimed at
improving geological confidence and advancing understanding of the mineralised
system with a view to supporting future resource evaluation work, including
potential advancement towards a maiden NI 43-101 compliant resource
classification.

Located within the western portion of the Junior Lake Greenstone Belt, Lamaune
is regarded by the Board as the most compelling near-term priority within the
broader property.

First prospected in the early-to-mid 2000s, drilling programmes intersected
multiple near-surface gold-bearing zones, confirming a consistent mineralised
trend associated with sheared mafic units and localised quartz veining.

Prior drilling conducted in 2009 and 2010 1  returned broad intervals of
anomalous to high-grade gold, with typical intercepts comprising multi-metre
zones grading between 1-4 g/t Au, punctuated by narrower higher-grade shoots,
establishing lateral continuity over several hundred metres. Subsequent
technical review confirmed the prospect to be a gold-dominant system
characterised by structurally controlled, shear-zone hosted mineralisation.

Highlights from drill campaign 2009/2010 reported:

 Hole ID  From (m)  Interval (m)  Grade (g/t Au)  Notes
 1109-75  41.00     3.00          9.14            Including 0.60 m @ 35.63 g/t Au (high-grade shoot)
 1109-76  145.00    1.00          4.55            Narrow mineralised intercept
 1109-82  88.63     0.50          53.12           High-grade quartz vein
 1109-83  57.50     21.50         0.99            Including 5.37 m @ 1.47 g/t Au and 1.50 m @ 3.35 g/t Au
 1110-88  73.8      0.60          118.66          Discrete high-grade quartz vein intercept (isolated)

Building on this foundation, refinements in geological modelling over recent
years have demonstrated that the deposit is well positioned for advancement,
requiring only modest additional fieldwork to satisfy the requirements of an
independent resource estimation. The 2026 programme will focus on:

·      Targeted infill sampling across key historic drill holes

·      Structural refinement and validation

·      Selective re-logging to strengthen continuity models

·      Updated modelling to prepare the deposit for independent resource
estimation

 

This work represents a major step in demonstrating the broader mineralisation
potential of Junior Lake, with Lamaune serving as the first discrete gold
resource within the wider land package.

The Company is fully funded for the current field programme and associated
corporate activities, enabling it to execute its planned exploration and
technical work programme as scheduled, without the need for additional funding
for these activities.

Alexander Shaw, Chief Executive Officer of Landore Resources, commented:

"As we head into the start of the field programme, our focus is very clear:
advance Lamaune toward a defined maiden 43-101 gold resource. It's the most
straightforward, cost-effective way to demonstrate value and reinforce the
district-scale growth potential at Junior Lake. Concurrently, we are also
pursuing strategic options for our Lessard and Nevada properties, with ongoing
discussions aimed at unlocking further value across our broader asset base for
the benefit of all shareholders."

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say on our Interactive Investor hub here: Landore
Resources Investor Hub (https://investors.landore.com/)

For further information, please contact:

 Landore Resources Limited

 Alexander Shaw (CEO)                                                 contact@landore.com

 Engage with the company directly                                     Landore Resources Investor Hub (https://investors.landore.com/link/rvnkar)
 SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker)

 Matthew Johnson / Charlie Bouverat / Adam Cowl

                                                                      Tel: 020 3470 0470
 Hannam & Partners (Joint Broker)

 Andrew Chubb / Matt Hasson                                           Tel: 020 7907 8500
 Burson Buchanan (Financial PR)

                                                                      landore@buchanancomms.co.uk

 Bobby Morse / Jude Stokes                                            Tel: 020 7466 5000

 

View our April Newsletter here:
https://investors.landore.com/newsletter-april-2026
(https://investors.landore.com/newsletter-april-2026)

Subscribe to our news alert
service: https://investors.landore.com/auth/signup
(https://investors.landore.com/auth/signup)

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019

About Landore Resources

Landore Resources (AIM: LND) is the 100% owner of the highly prospective BAM
Gold Project, Northwestern Ontario, Canada, which has an inside pit shell MRE
independently prepared in accordance with the 2019 CIM Best Practice
Guidelines comprising 622.3 koz from 19.1 Mt @ 1.01 g/t Au of Indicated
Resource and 33.7 koz from 1.1 Mt @ 0.96 g/t Au of Inferred Resource. Ontario
is Canada's largest gold producing province. Landore Resources' strategic
objective is to crystallise value from its BAM Gold Project as well as
generating additional value from its non-core portfolio of precious and
battery metals projects in eastern Canada and the USA.

 

- ENDS -

 

 

 1  Please refer to RNS announcements dated:

3 December 2009, Significant Gold Discovery Junior Lake Property

9 March 2010, Junior Lake-Lamaune Gold Prospect Miminska Lake Gold Project

04 May 2010, Drilling Update Junior-Lake Lamune Gold Prospect

12 May 2011, Final Results for the year ended 31 December 2010

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