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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has provided an update.
Legacy Minerals Holdings Ltd has announced the commencement of exploration activities at the NiCo Young Project and has signed a Memorandum of Understanding with Cobalt Blue Holdings. The NiCo Young Project, located in New South Wales, is one of Australia’s largest nickel and cobalt deposits. The company aims to explore the scandium potential of the deposit, which includes a historical scandium resource. The partnership with Cobalt Blue, known for its expertise in cobalt refining, is a strategic move to assess potential commercial pathways for the nickel-cobalt resources. This collaboration aligns with Australia’s Critical Minerals Strategy and aims to contribute to the country’s ambitions for a future made in Australia.
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. Their primary products include nickel, cobalt, and scandium, with a significant market focus on critical minerals in Australia.
Average Trading Volume: 392,217
Technical Sentiment Signal: Buy
Current Market Cap: A$46.2M
Learn more about LGM stock on TipRanks’ Stock Analysis page.