Landore shares still suspended as it works on resource estimate

(Sharecast News) - Landore Resources said on Friday that trading in its shares on AIM would remain suspended while work continued to finalise an updated mineral resource estimate for its flagship BAM Gold Project and associated deposits. The AIM-traded company said progress was ongoing on the mineral resource estimate covering the BAM project as well as the B4-7 and VW deposits, following its previous announcement on 11 December.

Landore said it expected to be in a position to publish the updated estimate in mid-January.

Trading in Landore's shares would remain suspended until the updated mineral resource estimate has been released, the company confirmed.

At the time of their last trading on 11 December, shares in Landore Resources were down 4% at 3.6p.

Reporting by Josh White for Sharecast.com.