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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has issued an update.
Legacy Minerals Holdings Ltd. has announced the commencement of an Expanded Stage 2 Scoping Study for its Mt Carrington Gold-Silver Project, following a positive Metallurgical Bridging Study. The study, conducted by Ausenco Pty Ltd, aims to evaluate the entire 1.2Moz gold-equivalent resource and optimize flotation processing to improve recoveries from polymetallic deposits. This development is expected to enhance the project’s economic viability, leveraging existing infrastructure and historical investments. The study’s outcomes could position Mt Carrington as a lower-risk, higher-value mining opportunity, benefiting shareholders and advancing the project towards modern mining operations.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of gold and critical minerals, with a significant project at Mt Carrington in New South Wales, Australia.
Average Trading Volume: 473,302
Technical Sentiment Signal: Buy
Current Market Cap: A$42M
Find detailed analytics on LGM stock on TipRanks’ Stock Analysis page.