In December 2011 the Company entered into a Heads of Agreement to acquire the Rasuhuilca advanced gold-silver development project in Peru. The acquisition was finalised in May 2012 establishing Laconia as a significant emerging precious and base metals exploration and development Company, and complements its existing portfolio of precious and base metals projects in WA.
The acquisition signified a change of ownership from previous Companies operating at the site and in the area. With this, Laconia acknowledges its responsibilities and is committed to ensure sustainable development processes are implemented, considering social and environmental impacts on the region. Laconia is currently communicating with local communities to further educate them on the Company’s operations in order to build strong working relationships for the future.
Laconia has a portfolio of advanced precious and base metals projects in the Pilbara and Murchison regions in Western Australia, across 35 granted tenements covering approximately 955km2.
Laconia also has a joint venture agreement for the exploration and development of its Mooletar iron ore project, near Mt Magnet in WA’s Mid-West iron ore precinct, with Chinese syndicate, Sinoz Mining Investment Group Pty Ltd (Sinoz).
ASX Code LCR
ASX Price -.---*
*price delayed by 20 mins, for an accurate price please click here.