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Legacy Iron Ore Ltd ( (AU:LCY) ) just unveiled an announcement.
Legacy Iron Ore has reported a significant upgrade to the Mineral Resource Estimate at its Mt Celia Gold Project, with total resources now standing at 8.8 million tonnes at 1.38 grams per tonne gold for 390,150 ounces, a 53% increase in contained ounces on the March 2025 estimate. The higher-confidence Measured and Indicated categories have risen 77% to 160,434 ounces, underpinned by in-house modelling independently reviewed by HGS Australia, and the updated resource will support an ongoing pre-feasibility study assessing heap leach processing, while mineralisation at the key Kangaroo Bore and Blue Peter deposits remains open along strike and at depth, indicating further growth potential despite the exclusion of the less-defined Margot area from the current update.
More about Legacy Iron Ore Ltd
Legacy Iron Ore Ltd is a Western Australia-based resources company focused on the discovery, development and operation of iron ore, base metals, tungsten and gold projects. Listed on the ASX since 2008, the company’s portfolio includes the Mt 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
Find detailed analytics on LCY stock on TipRanks’ Stock Analysis page.