For personal use only

Level 9, Waterfront Place, 1 Eagle St, Brisbane QLD 4000
GPO Box 1164, Brisbane QLD 4001
Telephone: 07 3108 3500
Fax: 07 3108 3501
Email: [email protected]
www.lanewayresources.com.au
For personal use only
ASX ANNOUNCEMENT
3 February 2014
Revised Quarterly Activities Report
Please find attached a revised Quarterly Activities Report for Laneway Resources Limited.
The only change to the report lodged earlier today is to add the words
This information was prepared and first disclosed under the JORC Code 2004. It has not been
updated since to comply with the JORC Code 2012 on the basis that the information has not
materially changed since it was last reported.
to the Competent Persons Statement on page 12 of the report.
JPK Marshall
Company Secretary
For personal use only
Quarterly activities report
for the period ended 31 December 2013
Level 9, Waterfront Place, 1 Eagle St, Brisbane QLD 4000
GPO Box 1164, Brisbane QLD 4001
Telephone: 07 3108 3500
Fax: 07 3108 3501
Email: [email protected]
www.lanewayresources.com.au
Quarterly activities report
for the period ended 31st December 2013
Highlights
For personal use only
Agate Creek Gold Project
✚ Extraction of metallurgical test sample completed during the quarter with 5,400
tonnes removed from the Agate Creek Project.
✚ Processing of ore through JKO’s Georgetown CIL plant was completed
subsequent to the end of the quarter. Four gold pours have been completed.
Final grades, recovery and costs to be calculated over the coming weeks as
metallurgical accounting completed.
✚ Gold production shows better than expected grades for the sample with 9.8 g/t
from the feed with 90% metal recovery achieved.
✚ Follow up work is planned to evaluate potential larger scale production including
Mining Lease applications and progressing the Feasibility Study
✚ Regional mapping and geochemical sampling completed across Laneway Agate
Creek Project tenements during the Quarter
Rockland Gold Project
✚ Field work is planned on EPM19368 and EPM19571 during next Quarter.
Southern Coromandel Gold Project (NZ)
✚ The partial relinquishment of Exploration Permit (EP) 55213 (Waiorongomai) &
EP53464 (Klondyke) were accepted and a partial relinquishment reports was
lodged
✚ Literature reviews nearing completion on EP54216 and EP55213.
Arrawatta Coal Project
✚ Drilling has been delayed because of several changes to NSW planning and
environmental legislation that now require the Review of Environmental Factors
(REF) to include an Agricultural Impact Statement (AIS).
✚ All required documentation has been submitted and drilling is awaiting
departmental approval.
ASX Code: LNY
Page 2 of 12
Quarterly activities report
for the period ended 31st December 2013
Agate Creek Gold Project
For personal use only
Summary
Work completed within MDL402 during the quarter has comprised extraction and metallurgical
testing of a 5,400t sample through the Georgetown mill operated by JKO. .
Removal of a 5,400 tonne metallurgical sample from the Agate Creek project was completed
on the 21st December 2013.
Processing of the sample began through JKO’s Georgetown CIL plant on the 17th December
2013 with the final ore being processed 14th January 2014.
Gold production shows better than expected grades for the sample with 9.8 g/t recovered from
the 5,461t with 90% metal recovery.
.
A full report will be published on the Metallurgical test when all data has been received and correlated,
giving Laneway valuable data and costings for further feasibility studies in relation to the Agate Creek
project. After final grades, recovery, chemical usage, mill consumables and costs will be calculated
over the coming weeks .Rehabilitation has been completed on the site with progressive checks for
weeds and regrowth to be monitored.
In addition regional field work during the quarter has comprised of several km of field geological
mapping and geochemical sampling across several Agate Creek Project tenements. Assay results for
this work are still outstanding.
Follow up work is planned to evaluate potential larger scale production including Mining Lease
applications and progressing the Feasibility Study.
ASX Code: LNY
Page 3 of 12
For personal use only
Quarterly activities report
for the period ended 31st December 2013
Figure 1 - Emplacement model for Sherwood Deposit
Overview
The Agate Creek Gold Project is comprised of EPM’s 17788, 17632, 17949, MDL402, EPMA’s 17626
and 17629 with over 500 drillholes completed to date as seen in Figure 3.
ASX Code: LNY
Page 4 of 12
Quarterly activities report
for the period ended 31st December 2013
For personal use only
Sherwood Resource
In 2011 an updated Mineral Resource estimate was completed on the Agate Creek epithermal gold
project in North Queensland. A combined Indicated and Inferred Resource of approximately 500,000oz
of gold has been estimated at Sherwood.
The breakdown of the current estimate is shown below. Resource estimates were undertaken for the
Sherwood, Sherwood West and Sherwood South deposits and were based upon a total of 480
exploration drillholes which were compiled and interpreted by Laneway. Independent consultants
Golder Associates Pty Ltd were engaged to update the mineral resource estimate. The tables below
indicate a recoverable resource estimate that is adjusted to account for a selective mining option and
includes an allowance for mine dilution.
Resource Estimates at 0.3 g/t gold cut-off grade
0.3 g/t cut-off
Sherwood
Resource
Gold Gold
Mt
Classification
(g/t)
(oz)
Indicated
5.4 1.0 180,000
Sherwood South
Gold Gold
Mt
(g/t) (oz)
Sherwood West
Gold Gold
Mt
(g/t)
(oz)
5.2 0.9 154,000
Total
Gold Gold
Mt
(g/t)
(oz)
10.7 1.0 334,000
Indferred
2.6
0.9
76,000
0.4
1.1
15,000
3.3
0.8
89,000
6.4
0.9
180,000
Total
8.0
1.0
256,000
0.4
1.1
15,000
8.6
0.9
243,000
17.0
0.9
514,000
Resource Estimates at 0.5 g/t gold cut-off grade
0.5 g/t cut-off
Sherwood
Resource
Gold Gold
Mt
Classification
(g/t)
(oz)
Sherwood South
Gold Gold
Mt
(g/t) (oz)
Indicated
3.0
1.5
147,000
Indferred
1.4
1.4
60,000
0.3
1.3
Total
4.4
1.5
207,000
0.3
1.3
Sherwood West
Gold Gold
Mt
(g/t)
(oz)
Mt
Total
Gold Gold
(g/t)
(oz)
2.9
1.3
124,000
6.0
1.4
271,000
13,000
1.8
1.2
70,000
3.5
1.3
143,000
13,000
4.8
1.3
194,000
9.5
1.4
414,000
Metallurgical test work to date has shown the mineralisation to be very amenable to CIP processing
with high recoveries at moderate grinds and low reagent consumptions.
Potential for Increased Resources
Deep diamond drilling was completed in second half of 2013 with two holes drilled for 903.8m. Holes
intersected altered and silicified granite, rhyolite and breccias. Results received to date showed a broad
zone of mineralisation in CCDD482 with 31m @ 5.96g/t Au from 124m which will add to the current
resource. The proposed bonanza zone was not intercepted in either hole but remains a valid target for
future drilling.
Follow up drilling will include drill targets which provide significant potential for additional resources to
be delineated in the Sherwood area later in the year and these include infill drilling, structural and
regional targets.
Further Drilling Program Phases
Laneway proposes to undertake further follow up drilling of this high grade zone and other targets at
Agate Creek. In addition to following up this high grade zone which is well within currently modelled
open pits will be further drilling programs this year planned to include:
•
resource infill and strike and dip extensions drilling at the Sherwood deposit area with an aim
to increasing the current combined Indicated and Inferred Mineral Resource of 9.5Mt at 1.4 g/t
gold for 414,000 ounces (at a 0.5 g/t cut-off grade);
ASX Code: LNY
Page 5 of 12
Quarterly activities report
for the period ended 31st December 2013
For personal use only
•
drill testing of several regional prospects (including Eagle Nest, Eastern Bar Creek, and
Moonbeam prospects) that have been identified from previous extensive soil geochemical,
ground magnetic, geological mapping and rock chip analysis
Figure 3 - Location of Agate Creek Project including granted and application tenure. EPM17949
&EPMA 17626 are non-contiguous.
ASX Code: LNY
Page 6 of 12
Quarterly activities report
for the period ended 31st December 2013
For personal use only
Southern Coromandel Gold Project (NZ)
Laneways four permits are all coincident to and surrounding the highly prospective Hauraki Goldfields
district which hosts the world class deposits of Martha and Golden Cross along with the recently
announced resource at Talisman.
The Hauraki Goldfields district was extensively mined between 1860 and 1952 when approximately
45Moz of gold and silver bullion was produced. The largest deposit in the Hauraki Goldfields district is
Newmont’s operational Martha Mine which has produced an average of 100,000oz of gold and
700,000oz of silver annually since 1988.
Subject to the successful completion of a capital raising, Laneway will this year carry out field activities
including magnetic surveys and drilling programs following up historically identified mineralisation with
the aim of outlining an initial JORC compliant resource.
Historical resources within Southern Coromandel Project area are being reviewed with a view to
determining the work required to bring them in line with JORC standards.
Desktop reviews and were continued during the quarter on the granted tenements. Partial
relinquishments were made to EP53464 and EP55213 on areas that have higher density infrastructure
or low prospectivity. This takes these permits to 133km2 and 164km2 respectively.
ASX Code: LNY
Page 7 of 12
For personal use only
Quarterly activities report
for the period ended 31st December 2013
Figure 4 – Location of Granted Permits on the Southern Coromandel Peninsula, New Zealand.
ASX Code: LNY
Page 8 of 12
Quarterly activities report
for the period ended 31st December 2013
For personal use only
Ashford, Arrawatta and Atholwood Coal
Statutory reporting has been completed for all Laneway Resources tenure and those held jointly with
NEC. Drill planning is complete and drilling is expected to commence within the next six months over
EL6521 and EL6433 as soon as REF/AIS has been approved. Drilling is planned to extend the current
mineralisation with particular focus on the interpreted fault offset in the central part of the licences.
Figure 5 – Location of the Ashford JV & Arrawatta Projects
ASX Code: LNY
Page 9 of 12
Quarterly activities report
for the period ended 31st December 2013
For personal use only
Rockland Gold Project
EPM19368 is located 20km southwest of Warwick, was granted on 20 January 2012 and covers
157.3km2. The area has significant potential for Intrusion-Related Gold System (IRGS) mineralisation
and shows a set of parallel dykes striking north northwest over several kilometres just to the east of a
large granite intrusion. Planning for access and field work is underway.
IRGS is a relatively new style of gold mineralisation typified by the well studied occurrences in Alaska
and the Yukon (Fort Knox and Dublin Gulch deposits). They are generally large tonnage, low grade
gold deposits. Grades can range up to 10g/t gold and deposits vary in size up to 35Moz gold. Very often
IRGS are surrounded by low tonnage but high grade alluvial gold deposits.
During investigation into EPM19368 the discovery of a second area of interest was followed up with an
application for EPM19571 (Rockland West) covering 148.3km2 to the west of the current tenement as
seen in Figure 6. EPM19571 was granted on the 15th August 2013 for a period of 5 years. The area
lies over the Greymare Granite which shows an adakitic signature and has been intruded into the Texas
Beds (metasediments). Adakites are found in association with large copper-gold porphyry systems. The
Greymare Granite shows a magnetic low quite distinct from other granites in the area. The Demon Fault
which is associated with significant mineralisation horse tails in the area.
There are several alluvial goldfields surround the area including Thanes Creek, Pikedale and Canal
Creek. No hard rock source for these has been found to date. There are also several polymetallic
mineral occurrences to the east of the application area.
ASX Code: LNY
Page 10 of 12
For personal use only
Quarterly activities report
for the period ended 31st December 2013
Figure 6 – Location of Rockland EPM19368 EPM19571 20km SW of Warwick.
ASX Code: LNY
Page 11 of 12
For personal use only
Quarterly activities report
for the period ended 31st December 2013
For further information contact:
Ben Harrison
Phone: (07) 3108 3500
E-Mail: [email protected]
Website: www.lanewayresources.com.au
Competent Persons Statement
The information in this report that relates to Exploration Results and Mineral Resources is based on
information compiled by Mr Scott Hall who is a member of the Australian Institute of Mining and
Metallurgy. Mr Hall is a full-time employee of Laneway Resources Limited and has sufficient experience
which is relevant to the style of mineralisation and type of deposit under consideration and to the activity
which they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the
‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr
Hall consents to the inclusion in the report of the matters based on his information in the form and
context in which it appears.
This information was prepared and first disclosed under the JORC Code 2004. It has not been updated
since to comply with the JORC Code 2012 on the basis that the information has not materially changed
since it was last reported.
ASX Code: LNY
Page 12 of 12

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