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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has issued an announcement.
Legacy Minerals Holdings Ltd. has announced an updated Mineral Resource Estimate (MRE) for its Drake Project, revealing a substantial increase in resources with 0.8Moz of gold-equivalent and 35Moz of silver-equivalent. This update underscores the project’s potential for further exploration and resource growth. The company also completed a Stage 1 Scoping Study, indicating robust economic prospects with an expected annual production of 31,400oz of gold and strong free cashflows. Additionally, positive developments were reported from the Thomson and Glenlogan projects, suggesting a promising outlook for the company’s operations and stakeholder interests.
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 engaged in extracting gold, silver, and base metals, with a significant emphasis on projects located in New South Wales, Australia.
YTD Price Performance: 89.29%
Average Trading Volume: 390,852
Technical Sentiment Signal: Sell
Current Market Cap: A$33.11M
Learn more about LGM stock on TipRanks’ Stock Analysis page.