$LNY - LANEWAY RESOURCES - Buyer interest building

$LNY - LANEWAY RESOURCES - Buyer interest building

Laneway came up on an average day volume scan with a pullback off a strong rally leading to a high. Catalyst is their announcement around their beginning mining of a new site. Might be worth a watch.

• 150 buyers for 85,439,709 units; versus
  
  
• 88 sellers for 58,748,682 units
  

Company News - 11 April 2019 - Mining Begins at Agate Creek Gold Project

• Mining operations have commenced at Laneway Resources’ 100% owned Agate Creek Gold Project.
  
  
• First ore blast took place yesterday afternoon.
  
  
• Ore is currently being mined and stockpiled at site.
  
  
• Transportation of ore to Maroon Gold’s Plant at Charters Towers is expected to commence this weekend.
  
  
• Ore processing will begin shortly thereafter pursuant to the Mining and Processing Agreement Laneway has entered into with Maroon Gold which will allow toll treatment of high grade ore through Maroon’s Gold Processing Black Jack Plant at Charters Towers.
  
  
• Laneway anticipates material positive cash flow from the mining activities at the Agate Creek high grade project aided by recent high prices for AUD denominated gold.
  

About Laneway Resources

Laneway Resources Limited is a mineral exploration company, which is engaged in exploration for and evaluation of gold and coal tenements. The Company's projects include Agate Creek Gold Project, LNJV Gold Project and Ashford Coking Coal Project. The Agate Creek Gold Project includes approximately 10 separate exploration permits (EPMs), a mineral development lease (MDL) and a mining lease application (MLA). Its tenement package covers an area of over 620 square kilometers and approximately 180 sub-blocks. The Agate Creek Gold Project has MDL402, EPM17788, EPM17739, EPM17632, EPM17949, EPM17626, EPM17629 and MLA100030. The Agate Creel Gold Project is located approximately 60 kilometers south of Georgetown. The LNJV Gold Project is located on the North Island of New Zealand in the Hauraki goldfield. The Ashford Coking Coal Project comprises a Joint Venture Northern Energy Corporation (NEC). The Joint Venture incorporates the Ashford Mine Area (exploration license (EL) 6234 and EL 6428).

Standard Disclaimer

I am guessing. Do your own research. The market lies.

Order cancelled:

Went the wrong way so didn't take the trade.