The main styles of gold mineralisation in the area are epithermal and meso-thermal systems, which are generally associated with multiple intrusive phases associated with the Robertson Fault Zone. Narrow-vein mining has also previously taken place within the Forsayth area along or adjacent to the fault traces. The Robertson Fault Zone is recognised as one of the main controlling features for mineralisation in the region.

Gold mineralisation at Sherwood is a low-sulphidation, adularia-sericite type epithermal system genetically related to the emplacement of Permo-Carboniferous porphyritic rhyolite and andesite extrusives and intrusives. Most mineralisation occurs within the Robertson Fault Zone, at the intersection of the Robin Hood Fault and is spatially associated with (and often within) rhyolite. The mineralised zones are interpreted as boiling outflow zones, likely fossil geysers. The Agate Creek Fault forms the eastern boundary to mineralisation but remains open in all other directions and at depth.

There are two principal mineralised areas currently identified at Sherwood and Sherwood West.

Additional infill drilling from 2014 in the upper part of Sherwood has allowed a higher grade domain to be defined with confidence as a shallow NW dipping lens of mineralisation. The lens is 250 m long by 50 to 100 m wide and 2 to 8 m thick.

Sherwood West is hosted within a brecciated rhyolite, infilling a thrust fault truncated in the north ........

During the 2020 financial year Laneway obtained a Mining Licence for its high grade near surface gold project at Agate Creek. The Group entered into a Mining and Processing Agreement with a mine operator (Maroon Gold Pty Ltd) in the 2019 financial year.

During 2019 Laneway entered into a Mining and Processing Agreement with Maroon Gold Pty Ltd (Maroon), using their wholly owned Black Jack CIL plant.

Initial analysis prior to the July drilling program had shown the potential for 20-25,000t of high grade ore to be mined in the near term by Laneway. Results from the RC drilling program were remodelled and an initial Whittle Optimisation undertaken demonstrated the potential for an increase to 45,000 tonnes of high grade gold material grading 6.7 g/t Au including expected mining dilution and recovery. The design and mine operations are currently subject to restricted volumes under current Environmental Authority conditions associated with ML100030.

Planning for the resumption of mining was undertaken including updated pit designs and mine plans around these Whittle shells. This planning included negotiations for mining contractor, ore transportation arrangements and finalising toll treatment agreements for third par ........