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An announcement from Legacy Minerals Holdings Ltd. ( (AU:LGM) ) is now available.
Legacy Minerals Holdings Ltd. has announced the acquisition of the Nico Young cobalt-nickel laterite project in central New South Wales, which is one of the largest nickel-cobalt deposits in the region. This strategic move allows the company to capitalize on the current low market conditions for nickel and cobalt, with plans to explore additional resources such as scandium and platinum group metals. The project benefits from previous development work by Jervois Global, reducing initial costs and accelerating progress. The acquisition positions Legacy Minerals to benefit from future market improvements and enhances its asset base with exposure to multiple precious metals and critical minerals.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd. is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects related to gold, copper, and silver, with a strategic interest in critical minerals like nickel and cobalt. Legacy Minerals has a portfolio of joint ventures with notable partners such as Newmont and S2 Resources.
Average Trading Volume: 556,817
Technical Sentiment Signal: Sell
Current Market Cap: A$28.09M
See more insights into LGM stock on TipRanks’ Stock Analysis page.