Description
Leyshon Resources has a proud history as one of Australia’s most financially successful gold mining companies having produced over 2.7 million ounces from its Mt Leyshon Gold Mine in Queensland and distributed over A$300 million dollars to its shareholders over its 15 year life. Today Leyshon has divested its Australian mining and exploration interests and is focused on the Zheng Guang project in Heilongjiang, northeast China. Zheng Guang has estimated the resource of 1.21 million ounces of gold, 94,000 tonnes of zinc and 3.72 million ounces of silver. The company forecasts annual revenues of 90 mln usd from the project at current metal prices, and EBITDA of 54 mln usd on cash operating costs of some 155 usd per ounce
Share Price
In-depth Leyshon Resources Proactive Investors Articles
Recent Leyshon Resources news
- 22/01/2010 Leyshon makes US$20 mln gain on Zheng Guang project exit, reviewing potential new projects
- 22/09/2009 Leyshon Resources enters agreement to sell Zheng Guang Project
- 17/09/2009 Leyshon Resources suspended pending announcement on Zheng Guang project disposal
- 16/03/2009 Leyshon Resources may sell Zheng Guang gold project
- 02/02/2009 Leyshon considering sale of Zheng Guang gold project
Presentations & Company Media
No Documents available.
Related Research & Media
No Documents available.
Company Statement:
Leyshon Resources Limited (AIM & ASX:LRL) was on the ground in 2003 when China opened its gold sector to foreign investment and is participating in the once-in-a- lifetime transformation of this state owned industry into the world’s largest gold producer.
The Company is fully engaged in China with its main operating office in Beijing and is developing the Zheng Guang gold zinc project as the first Sino Foreign owned gold mine in the mineral rich province of Heilongjiang, north east China.
The joint venture has established a 135 km² strategic ground position on a major unexplored gold and copper belt and has achieved a discovery cost to date of less than US$5 per ounce of gold.
A 35,000 metre exploration programme commenced in May 2008 targeting previously identified gold and copper prospects.
The project benefits from exceptional infrastructure as it is located within a well established coal and copper mining community and combines low Chinese capital and operating costs with the latest Australian metallurgical design.
Leyshon’s partner, Qiqiha’er Brigade of the Heilongjiang BGMR, is one of the largest geological bureaus in China and is providing a range of services to the joint venture enabling the project to rapidly move ahead on an extremely cost effective basis.
The Company is one of AIM’s most liquid gold stocks with a market capitalisation of US$100 million and is funded by its major shareholders which include JP Morgan, Baker Steel, US Global, Citigroup, Investec, Deutsche, Jupiter Ospraie, Generali, Credit Suisse, Foreign & Colonial, Standard Bank and others.
TO VIEW LEYSHON'S COMPANY STRATEGY CLICK HERE
Current Operations:
Regional Review
Regional Review ImageA detailed regional review of Heilongjiang and north-east Inner Mongolia by Leyshon has revealed it to be one of the most geologically prospective and under-explored areas in China. The region straddles the eastern extension of the 6,000 kilometre Tien Shan Belt and was formerly one of the countries largest gold producing regions having produced over 20 million ounces.
Much of the alluvial production has now been exhausted and attention has turned to the vast hard rock potential which lies largely unexplored by modern exploration techniques due to the lack of funding. (Read More)
Zheng Guang Gold Project
The Zheng Guang gold project lies approximately 8 kilometres south-east of Duobaoshan and was discovered by the HLJBGMR in 2000 through a regional stream sediment sampling programme. Results from the first six drill holes have been received and are encouraging, with strong intercepts (including 16 metres @ 6.09 g/t from 69 metres in hole ZGD006 and 44 metres @ 3.16 g/t Au from 50 metres) being recorded from the central section of known mineralisation. (Read More)
Management
Board of Directors
John WS Fletcher CBE
Non-Executive Chairman, Member of the Audit Committee and Chairman of the Remuneration Committee
Paul C Atherley
Managing Director Qualifications - BSc (Hons), MappSC, MBA, MAusIMM, ARSM
Richard Seville
Non-Executive Director - BSC (Hon) M.Eng.Sc, Chairman of the Audit Committee and Member of the Remuneration Committee
Andrew Berry III
Non-Executive Director - BSC, MBA
FOR MORE DETAILS ON LEYSHON'S DIRECTORS CLICK HERE
Major Shareholders
|
Top 20 Holders of Ordinary Shares as at 29 August 2008 |
|||
|
Rank |
Name |
Units |
% of Issued capital |
|
1 |
COMPUTERSHARE CLEARING PTY LTD |
119,710,177 |
56.76 |
|
2 |
NORTH ASIA METALS LTD |
29,000,000 |
11.00 |
|
3 |
NEWMONT NGL HOLDINGS PTY LTD |
7,819,801 |
3.59 |
|
4 |
NATIONAL NOMINEES LIMITED |
7,570,738 |
3.47 |
|
5 |
MINISCRIPS PTY LTD |
5,000,000 |
2.29 |
|
6 |
STANDARD BANK PLC |
5,000,000 |
2.29 |
|
7 |
NEWMONT YANDAL OPERATIONS LIMITED |
4,680,199 |
2.15 |
|
8 |
MR IAN PETER MIDDLEMAS |
3,500,000 |
1.60 |
|
9 |
J P MORGAN NOMINEES AUSTRALIA LIMITED |
3,222,503 |
1.48 |
|
10 |
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED |
2,273,319 |
1.04 |
|
11 |
CLEVELAND INVESTMENT GLOBAL LIMITED |
2,202,824 |
1.01 |
|
12 |
ARREDO PTY LTD |
1,641,611 |
0.75 |
|
13 |
YANGTZE INVESTMENT PTY LTD |
1,611,757 |
0.74 |
|
14 |
AWJ FAMILY PTY LTD < A W JOHNSON FAMILY A/C> |
1,336,530 |
0.61 |
|
15 |
ANZ NOMINEES LIMITED |
1,289,696 |
0.59 |
|
16 |
NEFCO NOMINEES PTY LTD |
1,191,100 |
0.55 |
|
17 |
GREGORY F P JONES |
1,183,585 |
0.54 |
|
18 |
SHOWTEAM ENTERPRISES PTY LTD |
1,012,933 |
0.46 |
|
19 |
SHARDEE PTY LTD |
1,000,000 |
0.46 |
|
20 |
PLAQUE ENTERPRISES LTD |
821,750 |
0.38 |
|
TOTALS |
201,068,523 |
92.18 |
|
Contact Information
Main Operating Office
Suite 2502, Tower D
China International Trade Centre
No. 6 Jianguomenwai Avenue
Chaoyang District
Beijing 100022
China
Telephone: +86 10 8567 9405
Facsimile: +86 10 8567 9410
Email: admin@leyshonresources.com
Registered and Principal Office
36 Outram Street
West Perth WA 6005
Australia
PO Box 2870
West Perth WA 6872 Australia
Telephone: +618 9321 0077
Facsimile: +618 9322 4073
Email: admin@leyshonresources.com
Corporate Information
Nominated Adviser and Broker
Seymour Pierce Limited
20 Old Bailey
London EC4M 7EN
Nominated Broker
Mirabaud Securities Limited
21 St James's Square
London SW1Y 4JP
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