The Board of Laneway Resources Limited advised that further gold pours have taken place this week including the first pour from carbon stripped off-site recovered from the processing of high-grade ore mined at the Sherwood deposit within Laneway's 100% owned Agate Creek Gold Mine in North Queensland. Further gold pours have occurred this week totalling 11.58 kg of gold doré including an 8.78 kg gold doré bar (pictured above) poured from gold recovered from carbon stripped offsite. A further 2.8 kg gold doré bar from gold recovered from the gravity circuit was also poured at the Georgetown Gold Processing Plant (GGPP) from high-grade ore sourced from Laneway's 100% owned Agate Creek Gold Mine.

The bars have been sent to the Perth Mint for refining. The bullion now poured to date since production commenced earlier this month of 26.24kg of gold doré has been predominantly recovered from the gravity circuit of the GGPP still at this stage with the gold poured recovered from carbon that was pulled from the CIL circuit on 16 September after only the first 2 weeks of ore processing. With completion of the carbon strip pour, gold recoveries can now be calculated for the period from commencement of treating ore on 31 August to when the carbon was pulled from circuit on 16 September.

2,162 dry tonnes have been processed in this period at an overall feed grade of 8.15 g/t with 95.2% recoveries (subject to final reconciliations). Since ore commenced being fed into the plant on 30 August a total of 4,050 tonnes of Agate Creek ore has been processed to date with throughput and production rates continuing to increase and night shift operations commenced now allowing for 24 hour processing operations. Approximately 27,500 tonnes of ore grading 8 g/t gold has been mined from the current pit at Sherwood since mining recommenced at the end of June, with the final drill and blast program for this pit being undertaken this week.

Laneway entered into an agreement earlier this year to acquire the Georgetown Project and is now in control of all of its own mining and processing operations from which it anticipates generating material positive cashflow.