Laneway Resources Limited advise that the carting of high grade ore from its Agate Creek gold mine in North Queensland to the Georgetown Gold Processing Plant and crushing of the ore at Georgetown is now underway. The commencement of haulage and crushing of high grade ore follows on from the recommencement of mining at Agate Creek in June after receiving the approval for the Environmental Authority amendment to allow Agate Creek ore to be treated through the Georgetown Processing Plant. Mining operations are continuing to perform well with daily mining rates at or above targeted levels.

The first phase of the refurbishment of the Georgetown Gold Processing Plant in North Queensland continues to progress well with site works and electrical and mechanical refurbishment programs remaining on track to enable the commencement of processing of ore and first gold pour in August. Laneway has entered into a Share Sale Agreement to purchase Masterson Minerals Pty Ltd, owner of the Georgetown gold processing plant and an extensive portfolio of mining and exploration tenements with settlement of the acquisition scheduled for August.