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Legacy Iron Ore Ltd ( (AU:LCY) ) has shared an update.
Legacy Iron Ore reported solid operational progress for the quarter ended 31 December 2025, highlighted by ongoing production and resource work at its South Laverton Project and key permitting milestones at its flagship Mount Bevan iron ore development. At the Mount Celia Gold Operation within South Laverton, the company completed three ore sales totalling 111,875 tonnes to Norton Goldfields’ Paddington Mill, delivering 3,461 ounces of recovered gold, finished an in-house re-evaluation of mineral resource estimates, and formally concluded Phase I mining under its RTM agreement while advancing prefeasibility work on a heap leach plant. At Mount Bevan, the company secured approval of Mining Lease M29/448 and completed the associated native title processes, advanced hydrogeological drilling preparations with access agreements and contracts in place, progressed miscellaneous licences for infrastructure and transport corridors, and reported encouraging metallurgical test results using site water, supporting both project development momentum and the long-term strategic potential of its magnetite iron ore operations.
The most recent analyst rating on (AU:LCY) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Legacy Iron Ore Ltd stock, see the AU:LCY Stock Forecast page.
More about Legacy Iron Ore Ltd
Legacy Iron Ore Limited is a Western Australia-based mining and exploration company focused on the discovery, development and operation of iron ore, base metals, tungsten and gold assets. Listed on the ASX since 2008, the company has built a portfolio of key projects including the Mount Bevan Iron Ore Project, the South Laverton Gold Project and the East Kimberley Gold, Base Metals and Rare Earths Project, targeting capital growth through profitable mining operations.
Technical Sentiment Signal: Sell
Current Market Cap: A$79.34M
See more data about LCY stock on TipRanks’ Stock Analysis page.