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Legacy Iron Ore Ltd ( (AU:LCY) ) has issued an announcement.
Legacy Iron Ore reported a busy March quarter at its South Laverton Project, where its Mount Celia Gold Operation delivered four ore sales to Norton Goldfields’ Paddington mill, totalling 119,491 tonnes at an average grade of 1.09 grams per tonne for 4,188 ounces of contained gold. The company finalised updated mineral resource estimates at Mount Celia, completed ancillary haulage activities and lodged key approvals for a proposed heap leach facility and gold recovery plant, supported by ongoing metallurgical testing and detailed pad and plant design work.
At the Mount Bevan magnetite project, Legacy Iron advanced enabling work by completing a heritage survey and program of work for hydrogeological drilling, and commencing drilling across the northern bore fields to assess water resources for future development. These steps underscore the company’s strategy to progress both gold production and large-scale iron ore development, positioning it to build a broader production base and potentially enhance long-term project viability across its Western Australian portfolio.
More about Legacy Iron Ore Ltd
Legacy Iron Ore Limited is a Perth-based resources company focused on the exploration and development of iron ore, gold, base metals, tungsten and critical minerals in Western Australia. Listed on the ASX since 2008, the company is advancing a portfolio centered on the Mount Bevan iron ore project, the South Laverton gold project and the East Kimberley gold, base metals and rare earths project.
Technical Sentiment Signal: Sell
Current Market Cap: A$59.5M
For detailed information about LCY stock, go to TipRanks’ Stock Analysis page.