(LND.L) Landore Resources Ltd Buy/Sell

RNS Number : 6037B Landore Resources Limited 29 October 2009

Landore Resources Limited

("Landore" or "the Company")

Grant and exercise of options

On 28 October 2009 the Company's Remuneration Committee approved the grant of options over ordinary shares of 1p each (each an "Ordinary Share") to a Director and certain employees under stand alone option deeds.

The following option grant to a Director was made:

Director Options granted Options held following this notification
William Humphries 1,000,000 9,000,000

The options are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant and are exercisable at a price of 14p per Ordinary Share.

In addition, following the exercise of share options application will be made for the admission of 50,000 ordinary shares of 1p each in the Company ("New Ordinary Shares") to trading on AIM. The New Ordinary Shares will rank pari passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 10 November 2009.

Following admission of the New Ordinary Shares, the total number of voting rights in the Company's ordinary shares will be 189,959,325.

Enquiries:

Bill Humphries/Richard Prickett

Landore Resources Limited

Tel: +44(0)20 7409 7444

Simon Raggett / Angela Peace

Strand Hanson Limited

Tel: +44(0)20 7409 3494

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This information is provided by RNS The company news service from the London Stock Exchange

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LONDON, Oct 29 (Reuters) - Landore Resources Ltd:

RNS Number : 5538B Landore Resources Limited 29 October 2009

Landore Resources Limited

("Landore" or the "Company")

Placing

Landore, the Canadian mining explorer, today announces that it has agreed to place 7,860,000 new ordinary shares of 1p each in the Company ("Placing Shares") at a placing price of 14p per share (the "Placing") to raise approximately £1,100,400 before expenses. The proceeds from the Placing will be used to finance working capital and exploration expenditure.

The Placing is conditional on admission of the Placing Shares to trading on AIM. Discloseable interests are as set out below.

Director Placing Shares Shareholding Percentage of enlarged
Subscribed immediately issued share capital
following Admission
William Humphries 715,000 15,165,000 8%

The Placing Shares will represent 4.1% of the then enlarged issued share capital of the Company. The number of ordinary shares in issue following the Placing, and the total number of voting rights, will be 189,909,325. The Placing Shares will rank pari passu with existing ordinary shares of 1p each in the Company. Application will be made for admission of the Placing Shares to trading on AIM, and is expected to take place on 9 November 2009.

Enquiries:

Bill Humphries / Richard Prickett

Landore Resources Limited

Tel: 07734 681262

Tel: 07775 651421

Simon Raggett / Angela Peace

Strand Hanson Limited

Tel: 020 7409 3494

David Bick

Tel: 07831 381201

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This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 8593A Landore Resources Limited 15 October 2009

Landore Resources Limited

("Landore" or the "Company")

Change of Name of Nominated Adviser and Broker

The Company announces that Strand Partners Limited, the Company's Nominated Adviser and Broker, has changed its name to Strand Hanson Limited with immediate effect.

For further information:

Strand Hanson Limited

Angela Peace Tel: +44(0)207 409 3494
Simon Raggett Tel: +44(0)207 409 3494

www.strandhanson.co.uk

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 0216Z Landore Resources Limited 15 September 2009

LANDORE RESOURCES LIMITED

ROOT LAKE PROPERTY

LITHIUM DEPOSIT

The Root Lake Property:

The Root Lake property, 100% owned by Landore, is located in the province of Ontario, Canada, approximately 300 kilometres (km) north-west of Thunder Bay and is host to the McCombe Pegmatite containing a historic resource of:

2.297 million Tonnes grading 1.3% Lithium (Li2O)

Lithium, the lightest metal and the least dense solid element under standard conditions, has seen a steady growth in demand over the past 20 years accelerating in the past few years. Its applications include: Medicine; high temperature lubricants; heat resistant glass; ceramics and most importantly in rechargeable batteries where the most rapid growth is now occurring.

Brancote Canada acquired the Root Lake Property together with a portfolio of properties from Conwest Mining Inc in 1997. Landore acquired Brancote Canada in 2000.

The Property, consisting of 33 patented claims for a total of 513.43 hectares on which Landore owns both the mineral and surface rights, lies in the Red Lake Mining Division, 150 km east of Red Lake and 130 km north of Sioux Lookout. Access to the property is via Sioux Lookout using the well maintained Vermilion River and Rawhide unsealed roads, the latter transecting the north-eastern corner of the claims.

The McCombe Pegmatite was discovered by Capital Lithium Mines Ltd. in 1956 during an exploration boom for Lithium and is one of a number of rare-element pegmatites that occur over a 350km strike-length of the boundary zone between the Uchi and the English River sub-provinces, in the Superior Province of Ontario.

The McCombe Pegmatite, comprising two main spodumene-bearing dykes, has been traced on surface for a strike length of 550 metres with widths up to 19 metres.

Capital Lithium Mines Ltd. completed a diamond drilling program on the Root Lake Property in 1956, consisting of 55 drill-holes for 10,442 metres, establishing a resource of 2.297 million tonnes grading 1.3% Lithium (Li2O) on the McCombe Pegmatite. (Mulligan 1965)

(Note: The above resource is not compliant to Canadian National Instrument 43-101 (NI43-101).

Spodumene and lepidolite were reported to be common in the pegmatite. Tourmaline, beryl, holmquisite, columbite-tantalite, and petalite were found in small portions.

The McCombe Pegmatite is also important as it contains the extremely rare mineral Liddicoatite (Tindle 2005) which has the potential to be used as a gemstone (similar to Topaz).

Capital Lithium Mines Ltd advanced the Root Lake mineral claims into Patented status in preparation for mining. However in the late 1950's the demand for lithium fell resulting in suspension of further development of the project.

With the significant increase in demand for Lithium, used in rechargeable batteries in the automobile Industry, Landore has decided to initiate an independent compilation of the historical data on the McCombe Pegmatite Lithium deposit to determine its potential for further development.

Marc Sale, (BSC. Geology, Fellow AusIMM, member AIG) a consultant to Landore Resources Limited and a qualified person as defined in the Canadian National Instrument 43-101, has reviewed and verified all scientific or technical mining disclosure contained in this announcement, which is stated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum.

RNS Number : 5411Y Landore Resources Limited 04 September 2009

LANDORE RESOURCES LIMITED

("Landore" or "the Company")

INTERIM STATEMENT

For the six months ended 30 June 2009

MANAGEMENT DISCUSSION AND ANALYSIS

FOR THE SIX MONTHS ENDED 30 JUNE 2009

General

The following discussion of performance, financial condition and future prospects should be read in conjunction with the interim consolidated financial statements of the Company and notes thereto for the period from 1 January 2009 to 30 June 2009. All amounts are stated in sterling.

Overview

Landore Resources Limited is listed on the Alternative Investment Market in London, with the trading symbol of LND.L. The Company is based in Guernsey in the Channel Islands and its operating subsidiary, Landore Resources Canada Inc, is engaged in the exploration and development of a portfolio of precious and base metal properties in North America.

Results of Operations

The financial results for the six months to 30 June 2009 show a loss of £2,007,066 (2008: loss of £2,439,942). These results are in line with expectations. During the six month period exploration costs were £1,391,039 and administrative expenses were £627,003, it should be noted that an amount of £22,827 (2008: £217,276) for share based payments and £39,897 (2008:£157,015) for exchange losses were included within administrative expenses.

During the period under review £53,550 was raised as a result of 850,000 share options being exercised , there were no other fund raisings carried out in the first half of the year. It is anticipated that in order to continue further exploration activities a fundraising will be required in the fourth quarter of 2009.

Mineral Exploration Activities

The Group's exploration activities have been almost entirely focused on the Junior Lake project. In addition, exploration continues on the West Graham property by our joint venture partner, First Nickel Inc.

The Junior Lake property

The Junior Lake property, 100% owned by Landore, is located in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay and is host to; the VW Nickel deposit, the B4-7 deposit, the Lamaune Iron deposit, the BAM zone gold occurrence and numerous other highly prospective mineral occurrences.

Lamaune Iron Deposit

In October 2008, Landore reported that exploration, including geophysical surveys, trenching and drilling, had confirmed the presence of a large magnetite iron deposit at the western end of the Junior Lake property.

The Lamaune Iron Deposit is just 11 kilometres from the Canadian National Railway providing direct access to the Port of Thunder Bay on Lake Superior. The port still has much of the infrastructure used by Steep Rock Iron Mines to ship iron ore to the iron mills of North America.

In addition the iron deposit has abundant water resources nearby and is just 20 kilometres from the planned Hydropower on the Little Jackfish River.

The positive results of the exploration, together with the potential access to excellent infrastructure in the vicinity, were sufficiently encouraging for Landore to advance the Lamaune Iron deposit towards resource status.

In February 2009, a helicopter-borne 'Impulse' geophysical survey was completed along a 12 kilometre trend over the western part of the Junior Lake property, which included the Lamaune Iron Deposit area and possible extensions to the east and west. In all, 724 line kilometres were completed at 50 metre spacing.

The 'Impulse' geophysical survey was selected to more clearly define the anomalies identified in the previous ground and air-borne magnetic surveys and to identify anomalies in the newly acquired western extension of the Junior Lake property.

The survey has proven highly successful in the identification of magnetite rich anomalies.

A second campaign, consisting of 16 trenches for 1,135 metres excavated and 22 drill-holes for a total of 4,648 metres of drilling, has now been completed. The trenches and drill-holes were planned to give even coverage along approximately 5 kilometres of the central part of the trend. Assay and metallurgical results are pending.

B4-7 Deposit

In May of 2008, Landore reported an inferred resource estimate for the B4-7 Deposit of 4,650,000 tonnes at 0.55% Nickel Equivalent (NiEq) (nickel plus copper-cobalt-PGE credits) at a 0.3% Ni cutoff. The resource estimate was independently prepared to Australasian Joint Ore Reserves Committee (JORC) Code (2004) compliance by Snowden Mining Industry Consultants, Perth, Australia

An infill drill programme, consisting of 42 NQ size holes for a total of 8,764 metres, has recently been completed on the B4-7 Deposit. The programme was designed to provide sufficient information and drill density to advance the deposit to indicated status. Additional metallurgical testing will be completed using core from the present program.

The drilling has confirmed that the deposit has near surface wide zones of nickel mineralization. The deposit also remains open along strike and down plunge to the north-west.

Landore has appointed Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA), consulting and engineering group from Toronto, Canada, to prepare a Canadian National Instrument 43-101 (NI43-101) compliant resource estimate upgrade on the B4-7 deposit.

The drill campaign has shown that the B4-7 deposit remains open to the west along strike and down plunge to the north-west. A previously completed airborne electromagnetic survey suggests the conductive horizon hosting the B4-7 deposit persists for an additional 500 metres to the west.

Details of drilling results and intersections have been shown in recent press releases which can be viewed on the website www.landore.com

Junior Lake exploration

An exploration drilling campaign, consisting of 8 holes for a total of 1,500 metres of drilling has recently commenced on the highly prospective area between the VW Nickel deposit and the B4-7 deposit.

West Graham/First Nickel Option - Nickel

The West Graham property consists of one patented lot owned outright by Landore of 130 hectares, located in Northern Ontario, 17 kilometres from Sudbury on the southern rim of the Sudbury Intrusive Complex and contains the historic "Conwest deposit".

First Nickel Inc. entered into an option agreement in November 2005 with Landore to acquire 70 per cent. Interest in the West Graham property, which is strategically located immediately to the south of the East Zone of First Nickel's Lockerby Mine. The agreement provides for First Nickel to make cash payments to Landore of C$150,000 and carry out exploration and development expenditures of C$6 million over a four-year period.

First Nickel announced in February 2009 the initial mineral resource estimate for the West Graham property, Conwest Zone is located approximately 1.5 kilometres to the east of the 2¿ head-frame of First Nickel's Lockerby Mine.

The Conwest Zone is near surface and contains in excess of 84 million pounds of nickel and 58 million pounds of copper within the in-situ Indicated Resource category. First Nickel is in the process of completing bench scale, metallurgical tests on the Conwest Zone and is investigating alternative processing and treatment options. Exploration will continue on the West Graham property in 2009, targeting the footwall lithologies to the south of the Conwest Zone.

For further information on Landore and its projects please visit the Company's website www.landore.com and please direct any enquiries to:

Bill Humphries, Chairman

Richard Prickett, Chief Executive

Landore Resources Limited

Tel: 07734 681262

Tel: 07775 651421

www.landore.com

Simon Raggett/Angela Peace

Strand Partners Limited

Tel: 020 7409 3494

David Bick

Tel: 07831 381201

Accounting Policies

The Company has adopted accounting policies which are in line with International Financial Reporting Standards. A full set of these policies were included in the financial statements to 31 December 2008.

Use of Financial Instruments

The Company has not entered into any specialised financial agreements to minimise its investment risk, currency risk or commodity risk. There are no off-balance sheet arrangements. The principal financial instruments affecting the Company's financial condition and results of operations are currently its cash and short-term money market investments.

Forward Looking Statements

The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world gold markets, equity markets, costs and supply of material relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

UNAUDITED CONSOLIDATED INCOME STATEMENT

FOR THE SIX MONTHS ENDED 30 JUNE 2009

Notes Six months ended Six months ended
30 June 2009 30 June 2008
£
£

Exploration costs 2 (1,391,039) (1,608,181)
Administrative expenses (627,003) (859,843)

Operating loss (2,018,042) (2,468,024)

Finance income 10,976 28,082

Loss before income tax (2,007,066) (2,439,942)

Income tax expense - -

Loss for the period (2,007,066) (2,439,942)

Attributable to:
Equity holders of the Company (2,007,066) (2,439,942)

Loss per share attributable to the
equity holders of the Company

during the year