Leyshone Resource LRL

[bull....]

Could be about to breakout higher on the charts

Gold miner in china with interesting mining going on.

[bull....]

Has inferred resource est of 930000 ounces of gold , 64000 tonnes of zinc and 2.6 mil ounces of silver this was inferred over a relatively small strike lenght and there remains the expectation that it will become much bigger.

[SCHUMACHER]

not much liquidity and interest bull......give it up son...lol

low volume and another plodder IMHO
CHEERS WATSON (Reborn)

[bull....]

a shu

not much liquidity mainly because theres not many shares on issue .
that's another positive in my opinion.

ill post the largest shareholders at some stage makes interesting reading .
lrl spike crazy for excitement waiting
agm more of a plod steady as you go.

[bull....]

nice start to the week
we had a few weak hands relieved of there shares last week as evidenced by the sell at any price attitude .
the price bounce today verify this and we should see the breakout happen soon.

[SCHUMACHER]

nice call bull.....up 6.5c

well spotted ...

[bull....]

yea shu if we breakout this one will move fast as you mentioned liquidity tight.

[bull....]

looking good the break could be happening now

Top 20 Shareholders
Top 20 Holders of Ordinary Shares as at 6 February 2006

Rank
Name
Units
% of Issued capital

1
COMPUTERSHARE CLEARING PTY LTD <CCNL DI A/C>
22,533,778
17.14

2
MINISCRIPS PTY LTD
14,000,000
10.65

3
NATIONAL NOMINEES LIMITED
10,014,400
7.62

4
PHILIP NOMINEES PTY LTD
10,000,000
7.61

5
YANGTZE INVESTMENT PTY LTD
9,000,000
6.85

6
NEWMONT NGL HOLDINGS PTY LTD
7,819,801
5.95

7
NEWMONT YANDAL OPERATIONS LIMITED
4,680,199
3.56

8
MRS JAYNE MAREE MIDDLEMAS
4,500,000
3.42

9
SHOWTEAM ENTERPRISES PTY LTD
4,500,000
3.42

10
TRG CORPORATION PTY LTD
4,500,000
3.42

11
J P MORGAN NOMINEES AUSTRALIA LIMITED
4,319,683
3.29

12
MR IAN PETER MIDDLEMAS
3,500,000
2.66

13
ARREDO PTY LTD
3,271,611
2.49

14
BLACKMORT NOMINEES PTY LTD <36997 ACCOUNT>
2,481,700
1.89

15
MACQUARIE BANK LIMITED
1,400,000
1.06

16
ANZ NOMINEES LIMITED <CASH INCOME A/C>
1,313,619
1.00

17
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED
1,040,500
0.79

18
SHARDEE PTY LTD <GRP A/C>
1,000,000
0.76

19
PLAQUE ENTERPRISES LTD
941,750
0.72

20
WESTPAC CUSTODIAN NOMINEES LIMITED
903,100
0.69


TOTALS
111,720,141
84.99

some interesting names here

[bull....]

Some highly encouraging results released lately which confirms my earlier expectation of increased grades and width.

These results confirm the earlier breakout on the charts.

[bull....]

heading up nicely now
in an established upend if we break old highs very bullish in my opinion for further good gains to add to the 30% odd already since first posting , of course it is nearly 100% since bottom but who picks bottoms

[bull....]

Still tracking nicely apart from the odd wild bounce down.
Nice announcement a few days back of a new gold zinc discovery.
Also good to hear words like fast track to production.

This could be the first sino foreign owned mine ever to be brought to production intersting indeed.

If we stay above 50c for a while , cool we should progress higher.

[bull....]

Another nice annoncement today still watching 50c

[bull....]

Well new highs today

We held the 50c level give a cent or 2 which you need to do with this share and hello we have blasted off.:D

[bull....]

15 November, 2006
Leyshon announces development of Heilongjiang’s first ever Sino Foreign gold mine.

Leyshon Resources Limited (“Leyshon”) (AIM & ASX: LRL) and its joint venture partner the Qiqiha’er brigade of the Heilongjiang Bureau of Mineral Resources today announced a decision to develop the Zheng Guang gold zinc project as the first ever Sino Foreign owned gold mine in the mineral rich province of Heilongjiang, northeast China.
It is proposed to commence production in 2007 with trial mining and heap leaching of near surface gold ore followed by the rapid expansion of production to over 100,000 ounces of gold and 200,000 ounces of silver within three years.
The project’s current design has an estimated initial capital cost of US$27 million and an estimated production cost of US$225 per ounce. Based on a gold price of US$600 per ounce annual revenues are estimated at over US$60 million, EBITDA US$42 million and NPAT US$28 million.

Revenue and earnings are expected to increase with the commissioning of a zinc flotation circuit in 2011, which is designed to lift gold recovery and allow a zinc concentrate to be produced for sale to Chinese smelters. Optimisation testwork is underway which on completion in early 2007 will allow zinc production levels, operating costs and sales terms to be finalised.

This flotation circuit has an estimated capital cost of US$21 million which is expected to be funded from project cashflow with no further call on shareholders.
A revised resource estimate in February 2007 is expected to upgrade and significantly increase the current JORC compliant inferred resource estimate of 930,000 ounces gold, 64,000 tonnes zinc and 2.6 million ounces silver. The estimate will be prepared by resource specialists Hellman and Schofield of Australia and will be based on results from this year’s 30,000 metre diamond and reverse circulation drill programme which is nearing completion.

Leyshon and Qiqiha’er brigade recently entered into a twenty year agreement for the financing and development of the project under which Leyshon, which holds a 70% interest, will fund the project to production and will recover Qiqiha’er brigade’s share of the capital cost on commercial terms from project cashflow.
Director of Qiqiha’er brigade Chai De Sai commented ”We are very pleased with the good cooperation between Leyshon and Qiqiha’er brigade during the exploration phase and look forward to bringing Zheng Guang rapidly into production”
The Zheng Guang project’s key advantage is its location in the Heiboashan coal and copper mining district with its well established infrastructure, trained workforce and readily available large scale mining equipment all contributing to the project’s low capital and operating costs.

The site has zero population, marginal agricultural land use and is located within eight kilometres of a main railway connection to Beijing. Labour, fuel, energy and materials costs are amongst the lowest in China and orders of magnitude lower than a comparable location in Australia or Canada.
Leyshon has its main operating office in Beijing and is one of the very few foreign mining companies with its Chairman, Managing Director and Chief Operating Officer all based in China.
Managing Director Paul Atherley commenting today said “Both Qiqiha’er brigade and our shareholders are keen to see this exciting new gold project brought rapidly into production.”



Seems things on track

[bull....]

Further good results were announced during the week.
Looking forward to the revised est of the ore body in Feb 2007 will probably propel the share significantly higher.

[bull....]

Update on top 20 shareholders

Top 20 Holders of Ordinary Shares as at 1 December 2006

Rank
Name
Units
% of Issued capital

1
COMPUTERSHARE CLEARING PTY LTD <CCNL DI A/C>
51,268,294
34.37

2
MINISCRIPS PTY LTD
14,000,000
9.38

3
NATIONAL NOMINEES LIMITED
12,209,089
8.18

4
NORTH ASIA METALS LTD
10,000,000
6.70

5
NEWMONT NGL HOLDINGS PTY LTD
7,819,801
5.24

6
NEWMONT YANDAL OPERATIONS LIMITED
4,680,199
3.14

7
BAYVIEW INVESTMENTS LLC
4,500,000
3.02

8
J P MORGAN NOMINEES AUSTRALIA LIMITED
4,319,683
2.90

9
MRS JAYNE MAREE MIDDLEMAS
4,200,000
2.82

10
MR IAN PETER MIDDLEMAS
3,500,000
2.35

11
SHOWTEAM ENTERPRISES PTY LTD
2,387,067
1.60

12
ANZ NOMINEES LIMITED <CASH INCOME A/C>
2,323,735
1.56

13
CLEVELAND INVESTMENT GLOBAL LIMITED
2,202,824
1.48

14
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED
2,056,101
1.38

15
AWJ FAMILY PTY LTD <AW JOHNSON FAMILY A/C>
1,700,000
1.14

16
ARREDO PTY LTD
1,541,611
1.03

17
RJP FAMILY PTY LTD <R J PULLAR FAMILY A/C>
1,178,379
0.79

18
SHARDEE PTY LTD <SUPERANNUATION A/C>
1,000,000
0.67

19
PLAQUE ENTERPRISES LTD
841,750
0.56

20
CITICORP NOMINEES PTY LTD
809,702
0.54


TOTALS
132,538,235
88.84

[bull....]

Breakout above resistance of 60c if we hold today , if we do initial move should be 70c then higher.

I notice they raised 15 mil US today to fasttrack production in 2007 also to further explore and for working capital.

My est has eps at 20c / share from very strong cashflows and with further strikes to come from the area this share is still cheap.

See major uk and us institutions are now becoming involved in this stock from the placement looks good when you consider normandy and newmount are large shareholders as well.

[bull....]

A new year and I imagine big things for Leyshone.

People should hopefully be looking for a share over a dollar soon esp with huge upgrade to be announced.

[bull....]

15 January, 2007

Leyshon intersects high grade oxide gold mineralisation at its Zheng Guang project, China

Leyshon Resources Limited ("Leyshon") (ASX & AIM: LRL) today announces significant oxide results from its highly successful 2006 drill programme to extend and upgrade resources at the Zheng Guang project in Heilongjiang, northeast China.

The latest results include a number of broad zones of high grade oxide mineralisation reported from 364 reverse circulation holes drilled from surface 30 metres into the Main Ore Zone:

ZGR005 4 metres at 5.27 g/t gold and 5 metres at 17.78 g/t gold ZGR006 13 metres at 4.29 g/t gold ZGR007 14 metres at 4.16 g/t gold ZGR013 12 metres at 7.14 g/t gold ZGR2034 5 metres at 10.13 g/t gold ZGR2051 10 metres at 7.60 g/t gold ZGR2097 17 metres at 7.81 g/t gold ZGR2098 25 metres at 2.14 g/t gold ZGR2106 13 metres at 7.31 g/t gold ZGR2123 6 metres at 10.71 g/t gold ZGR2124 21 metres at 5.25 g/t gold ZGR2131 5 metres at 25.15 g/t gold ZGR2159 11 metres at 4.28 g/t gold ZGR2186 7 metres at 14.30 g/t gold ZGR3149 24 metres at 2.30 g/t gold ZGR3054 17 metres at 11.63 g/t gold

These intersections are considered to be significant as they are expected to generate near surface oxide resources which can be mined and treated at very low cost in the first few years of the project's life.

The reverse circulation programme comprised 588 thirty metre deep holes, totalling 16,100 metres of which 364 holes were drilled into the oxide mineralisation of the Main Ore Zone and 112 holes into each of the exploration targets at Zheng Guang North and South which are yet to be reported.

The reverse circulation programme was designed to extend and upgrade the inferred resource estimate of the oxide mineralisation to a higher level of confidence and test the exploration targets. The final assay results from the 52 hole, 13,000 metre diamond programme and the 588 hole, 16,100 metre reverse circulation programme are being compiled and will be reported shortly.

A revised resource estimate is currently being prepared and will be reported in early February.

Managing Director Paul Atherley commenting today said "We are delighted with these results. Intersecting broad zones of high grade gold mineralisation in the surface oxide zone is about as good as it gets when you are bringing a project like Zheng Guang into production."

[bull....]

RNS Number:1147Q Leyshon Resources Limited 25 January 2007

25 January 2007

Leyshon reports final drill results at its Zheng Guang project, China

Leyshon Resources Limited ("Leyshon") (ASX & AIM: LRL) today announces the final drill results of its highly successful 2006 drill programme to extend and upgrade resources at the Zheng Guang project in Heilongjiang, northeast China.

The assay results from the final 14 of the 52 hole, 13,000 metre diamond programme and the 588 hole, 16,100 metre reverse circulation programme have been received.

The mineralisation at Zheng Guang occurs as a series of north south trending, sub vertical, high grade veins within a broader zone of mineralisation. Hole ZGD151 was drilled down this zone and intersected 77 metres of mineralisation on this important section including:

18 metres at 3.25 g/t gold, 15 g/t silver and 1.20 % zinc; and 17 metres at 3.91 g/t gold, 18 g/t silver and 2.65% zinc.

ZGD152 was drilled as a twin of this hole for metallurgical sampling purposes and has provided further confirmation of the high grade mineralisation with an intersection of:

26 metres at 7.17 g/t gold, 38 g/t silver and 4.17 %zinc.

ZGD153 was drilled as a twin of the previously reported ZGD128 and intersected 66 metres of mineralisation including:

6 metres at 4.61 g/t gold, 23 g/t silver 2.35% zinc; 15 metres at 3.70 g/t gold, 20 g/t silver and 3.14% zinc; and 26 metres at 8.54 g/t gold, 49 g/t silver and 4.55 % zinc.

also providing good confirmation of the down dip continuity of the mineralisation in the centre of the Main Ore Zone.

The diamond drilling programme has successfully extended the Main Ore Zone to the northwest and to depth, but has yet to close off the mineralisation in either of these directions.

The reverse circulation programme comprised 588 thirty metre deep holes totalling 16,100 metres of which 364 holes were drilled into the oxide mineralisation of the Main Ore Zone and 112 holes into each of the exploration targets at Zheng Guang North and South.

The aim of the Zheng Guang North reverse circulation programme was to identify additional gold-zinc-silver mineralisation as well as locate shallow oxide gold mineralisation. The programme has been highly successful in identifying a 300 metre strike length of shallow high grade gold mineralisation.

Significant results included:

3 metres at 10.21 g/t gold (8 - 11 metres in ZGR1021) 9 metres at 7.29 g/t gold (1 - 10 metres in ZGR1027) 5 metres at 4.15 g/t gold (23 - 28 metres in ZGR1046) 16 metres at 4.40 g/t gold (14 - 30 metres in ZGR1099)

These assays are on strike from previously reported assays from ZGR1003 (4 metres at 7.6 g/t gold) and ZGR1011 (10 metres at 1g/t plus 4 metres at 3.77g/t gold ).

Drill hole ZGR1003 penetrated the sulphide zone returning 7 metres at 3.6% zinc from 21 metres indicating that the Zheng Guang North gold mineralisation is zinc-rich at relatively shallow depths.

In addition to these mineralised zones further anomalies have been identified which will be drill tested in 2007.

Preparation of a revised resource estimate is currently underway and a report from internationally recognized resource specialists Helman and Schofield of Australia is expected in early February.

Managing Director Paul Atherley commenting today said "The confirmation of the continuity of the high grade mineralised zones in the heart of the main orebody is very encouraging. The results from Zheng Gaung North suggest we may have discovered an additional resource in the first of the targets to be tested outside the Main Ore Zone."

For further information contact:

Paul Atherley - Managing Director

Tel: +86 137 1800 1914 Mob: +61 417 475 038

http://www.leyshonresources.com

Looking good additional resource found outside of the main strike lenght which means this resource could be huge to what they originally thought.

[bull....]

Quarterly out everything looks on track for production to start this year.

quick look shows

initial costs 27m for production

prod costs $225/ounce
annual revenue 60m
ebitda 42m
npat 28m

based on $600/ounce gold price

conservative share price at the moment I believe as gold price will be a lot higher
zinc production coming on in 2011
bigger mine to be announced shortly will allow for ramp up production
no allowance for aquisitions from huge cashflow
divs possible 2009?

[bull....]

Seems they are running late in releasing there upgrade of resources maybe its such a big increase they want to double check the figures lets hope so.

[bull....]

well upgrade came and was a increase but obviously this was well priced into the stock and disappointingly it has sold off have sold have mine but will maintain rest long term.

[bull....]

good entry point now for anyone interested in this stock.

[bull....]

We have had a good bounce from lows of retracement and should head to new highs over coming mths.
The chart shows the price to be in a bullish consolidation so when breakout comes back over our 1 dollar target.
The price is currently very strong in London

[bull....]

Leyshon Resources Ltd said it has started drilling at the Zheng Guang gold project in China ahead of schedule, targeting seven "highly prospective" gold, silver and zinc anomalies previously identified across the licence area.

The company said it will also begin a drilling program in May that will test strike extensions and a possible easterly extension to the main ore zone.

AIM-listed Leyshon earlier reported an inferred resource estimate of 1.21 mln ounces of gold, 94,000 tonnes of zinc and 3.72 mln ounces of silver.

Managing director Paul Atherley said the 2007 program will target anomalies similar to the ones from which the 2006 programme successfully identified mineralization.

"This augers well for the testing of the other identified anomalies. We are... anticipating a promising outcome," he said.

Looks good for share price going forward been some very strong buying lately.

[bull....]

A couple of articles of interest

Leyshon Resources

Our view: Speculative buy

Share price: 28.5p (1.25p)

Many industry analysts believe that China will not only become the world's leading consumer of gold within the next decade, it will also become the world's leading producer.

Anecdotal evidence suggests that for all of the advances the Chinese economy has made, only about 1 per cent of transactions are carried out by cheque or credit card. The general distrust of the banking system means that many ordinary Chinese people convert their cash into gold, which may lead to unseemly scrambles to dig up gardens when anyone dies but also creates a steady demand for non-jewellery gold.

Leyshon Resources has a 20-year licence to operate in the mineral-rich Heilongjiang province on the north-east border, and is the first company to operate in an area that has already produced more than 20 million ounces of gold.

Heilongjiang may be remote but investment in infrastructure has been intense and it boasts three international airports and a brand new motorway system.

Yesterday's update shows all the right signs that Leyshon is making progress from being an explorer to a producer, and it is on track to begin production by the final quarter of 2008. The market should begin to re-rate the shares as production approaches.

Independent consultants have estimated Leyshon's resources at 1.21 million ounces of gold and 3.72 million ounces of silver. With a low cost base, sound infrastructure and a hoard of enthusiastic gold buyers on its doorstep, Leyshon looks well worth tucking away.
source the independant


May 02, 2007
Leyshon Maintains The Momentum

By Rob Davies

Leyshon Resources, the AIM listed junior developing the Zheng Guang gold property in Northern China, is continuing to make good progress on bringing this asset to account. The two major developments since we last wrote about Leyshon have been an increase in the resource to 1.2 million ounces and a decision to take it into production. In a phone call unfortunately truncated by a technical problem Paul Atherley, managing director, was able to update Minesite on progress and expand on the business model. Given his background in Australian mining it is not surprising that Leyshon is following what he calls the West Australian model for resource development. This approach aims to get a mine built and into production as soon as a large enough reserve has been identified to warrant the capital cost.

He contrasts that with the Canadian way of exhaustively drilling out the target before taking a mine construction decision. He pointed out examples of well known mines in Australia that were built twenty years ago on a ten year mine life and are still going strong. His aim in China is to follow that approach. Build the mine as soon as possible but make it simple and scalable so that its capacity can be increased later at a reasonable additional cost. Doing it this way also keeps the initial capital cost down too. The current estimate to build the mine is US$50million and Leyshon already has A$20million in the treasury.

Under the terms of the deal Leyshon has negotiated with the Qiqihar Brigade of the Heilongjiang Bureau of Geology and Mineral Resources it has to provide all the funds to take the project into production in return for a 70 per cent stake in the Black Dragon joint venture that owns the deposit. Once in production Leyshon has first call on the cash flow to recover its capital. Paul is expecting to go back to the capital markets one more time in early 2008 for a combined equity and debt funding that should be enough to take it through into production. Two of its major shareholders are banks, Deutsche and Standard Chartered, and Paul says they are likely to provide working capital facilities.

Although mine construction will soon be underway Paul says Leyshon will not be relaxing its exploration programme. Its current land package covers 15 square kilometres and it is seeking to expand this to 500 square kilometres. Paul remarked that t

[JBmurc]

Price continues it's crash 16.5c ....paid 19c think it was good buying with a low E.V and a great future with the Shale investment in China with one success and one duster so far siz more to be drilled ...well cashed up zero value for Gold resource ....overall E.V only 2mill ish currently

[JBmurc]

Leyshon Resources to spin out gas assets into new energy company.
Leyshon Resources (LON:LRL) has lifted the veil on its corporate strategy, which will see the spinning out of a new listed company.

Subsequently there will be two entities: Leyshon Energy, which will own the Chinese gas interests and cash reserves of around US$35mln; and the Leyshon Resources business, which will hope to repeat the group’s past success in the mining sector.

Alongside Chinese investors the ‘resources’ company will acquire new mining projects in a bid to take advantage of depressed asset values in the sector.

According to Leyshon, the move will also allow it to focus on the million tonnes Leyshon gold project, while allowing investors to benefit from a more transparent market value for the Zijinshan gas project via the new energy firm.

“Both companies will be well funded, with strong management teams looking to create significant shareholder value,” said non-executive chairman John Fletcher.

"Our aim in these restructurings is to allow shareholders to own an interest in two listed companies, Leyshon Energy and Leyshon Resources, at no additional cost to their original investment.

“Leyshon Energy will be focused on the exploration and commercialisation of the Zijinshan project and has appointed a board of directors with an enviable track record in acquisition growth looking to exploit opportunities in the oil and gas sector.”

Paul Atherley, Leyshon Resources current managing director, will be the managing director of Leyshon Energy as well, and former BP and Talisman Energy executive John Manzoni will be non executive chairman of the new firm.

Leyshon said it also intends to hire an executive director with relevant skill and experience to the board of the energy company.

source- http://www.proactiveinvestors.co.uk/companies/news/61064/leyshon-resources-to-spin-out-gas-assets-into-new-energy-company--61064.html

[JBmurc]

plan to buy more LRL ....I really like the idea of the two separate companies....esp...getting john Manzoni on board I don't think many understand how sort after .... john Manzoni is ...at one stage he was second in line for the top job at BP !

http://www.forbes.com/profile/john-manzoni/