RNS Number : 8084X
  Leyshon Resources Limited
  30 June 2008
   

    30 June 2008 

    Hong Kong Stock Exchange Listing
    
Leyshon Resources Limited ("Leyshon") (AIM & ASX: LRL) is pleased to announce that it is considering a proposed secondary listing on the
Main Board of the Stock Exchange of Hong Kong Limited (the "SEHK").

The Hong Kong market is the leading international marketplace for securities and derivatives products with focuses on Hong Kong, Mainland
China and the rest of Asia. SEHK ranked number nine among the world major exchanges in term of equity turnover in the year 2007 with a
reported total equity turnover of US$2,139 billion in 2007.
 
    As reported in the first quarterly report of the SEHK, as at 31 March 2008, 1,055 and 189 companies were listed on the Main Board and
the Growth Enterprise Market of the SEHK respectively with a total market capitalisation of about HK$16,937.9 billion. The average daily
turnover value on the SEHK for the three months ended 31 March 2008 reached HK$98.7 billion.

    The principal business of Leyshon is gold mining in the People's Republic of China.  It has commenced development of a major gold mine
in Heilongjiang province in North Eastern China by way of a sino foreign joint venture with one of China's respected geological institutes,
the Qiqiha'er Brigade of the Heilongjiang Bureau of Geology and Mineral Resources. The mine is expected to start production by the end of
2009 with an estimated annual output in excess of 100,000 ounces of gold.

    Hong Kong, being part of Mainland China, is a natural choice for companies with substantial businesses and operations in China seeking a
listing on an internationally recognised market. The Directors are of the view that the proposed listing of Leyshon on the SEHK, an
internationally recognized stock exchange with a strong legal system, sound regulatory framework and high liquidity, will enable it to
expand its shareholder base and fund-raising opportunities, in particular in the rapidly growing Asian market.

    Leyshon has appointed Somerley Limited as its financial adviser in regard to the proposed secondary listing. Founded in 1984, Somerley
Limited is a specialist financial services company based in Hong Kong with a proven track record of providing professional corporate finance
advisory services in the areas of IPO, secondary issues, mergers and acquisitions and specialised financial advice.

    For further information contact: 

    Leyshon Resources Limited 
    Paul Atherley - Managing Director 
    Tel: +86 137 1800 1914 
    Mob: +61 417 475 038 
    
Pelham Public Relations 
    Charles Vivian
    Tel: +44 (0)207 743 6672
    Mob +44 (0)7977 297903

    James MacFarlane
    Tel: +44 (0)207 743 6672
    Mob: +44 (0)7841 672831

    Seymour Pierce 
    Jonathan Wright 
    Tel: +44 (0)207 107 8000 

    http://www.leyshonresources.com

    Background Information 

    Leyshon is fully engaged in China with its main operating office in Beijing its Chairman, Managing Director and Chief Operating Officer
all based in China. Over 80% of employees are either native Chinese or Mandarin speaking. 

    The Company is rapidly progressing the Zheng Guang gold zinc project to production status and is aiming to jointly develop it as the
first ever Sino Foreign owned mine in the mineral rich province of Heilongjiang in 2008. 
    The project benefits from exceptional infrastructure as it is located within a well established coal and copper mining community with
rail, power, water and mining contractor services immediately available. 

    Changchun Design Institute has recently reported that the capital cost estimate for the 1.5 million tonne per annum combined carbon in
leach and flotation circuit process plant is RMB323 million RMB (US$46 million). Orders have been placed for two 4.6 metre diameter ball
mills at a cost of RMB15.2 million (USD 2.1 million) and a RMB12.1 million (USD 1.7 million) order has also been placed for the supply of a
700 tonne per hour Nordberg crushing circuit. 

    Leyshon's partner, the Qiqiha'er Brigade of the Heilongjiang Bureau of Geology and Mineral Resources, one of the largest organizations
of its kind in China, is providing a range of services to the joint venture from its complement of 4,000 technical staff, drill rigs,
laboratory and other technical facilities. This valuable support is enabling the project to rapidly move ahead on an extremely
cost-effective basis.


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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