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Legacy Iron Ore Ltd ( (AU:LCY) ) has issued an update.
Legacy Iron Ore Limited has announced significant changes to its Board of Directors, including the resignation of CEO Rakesh Gupta, who has been instrumental in transitioning the company from exploration to gold production at the Mt Celia project. Dr. Ranajit Das, with over 30 years of mining experience, will take over as CEO on July 1, 2025, bringing expertise from his previous roles in mine planning and management. Additionally, Ben Donovan has been appointed as a Non-Executive Director, enhancing the board’s governance and financial capabilities. These changes are expected to strengthen Legacy Iron’s leadership and support its ongoing project developments.
More about Legacy Iron Ore Ltd
Legacy Iron Ore Limited is a Western Australian-based company focused on the development and discovery of iron ore, base metals, tungsten, and gold. The company aims to increase shareholder wealth through the discovery, development, and operation of profitable mining assets. Listed on the Australian Securities Exchange since 2008, Legacy Iron has made significant discoveries in iron ore, manganese, and gold, which are currently undergoing drilling and resource definition.
Average Trading Volume: 476,075
Technical Sentiment Signal: Sell
Current Market Cap: A$89.26M
See more insights into LCY stock on TipRanks’ Stock Analysis page.