Background

Leyshon Resources Limited (AIM & ASX:LRL) was on the ground in 2003 when China opened its mining sector to foreign investment. It has been fully engaged in China since then and has its main operating office located in Beijing.

The Company successfully developed the early stage Zheng Guang gold project into one of Heilongjiang's largest gold mines yet discovered by delineating a resource of over 750,000 ounces of gold.

Following a competitive tender in late 2009 the Company and its partner sold the project to a private Chinese group for US$78 million. Leyshon reported a profit of A$28 million on the sale.

The Company has around A$47 million in cash and is currently evaluating both thermal and coking coal investment opportunities in China and Southern Mongolia.