Landore Resources Ltd (AIM:LND) spent £1.6mln on exploration in the six months to June 2021, as work continued apace on the company’s Ontario exploration ground.
The loss before tax rang in at £2.4mln.
The company had £2.3mlnin the bank as at 30 June, including US$250,000 received from the sale of the West Graham property.
The company has recently completed a drilling programme on its BAM gold project, and is expecting the results in due course.
It’s also upbeat about the prospects for the eventual production of battery metals from its Junior Lake portfolio.