Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from Legacy Minerals Holdings Ltd. ( (AU:LGM) ).
Legacy Minerals has delayed the release of its Stage 2 Scoping Study for the Mt Carrington gold-silver project in New South Wales to the first week of May 2026, after Ausenco identified potential enhancements to the project. The study incorporates a high-voltage grid power connection to reduce diesel reliance, reconfigured use of existing site infrastructure to cut civil works costs, and updated smelter payability terms negotiated with prospective offtake partners.
Management says the extended timeline has allowed a broader and more rigorous review of key technical and financial components, which is expected to improve the project’s economic and operational profile. By leveraging Ausenco’s established engineering methodology, Legacy Minerals aims to bolster market confidence in the Mt Carrington development and deliver a more comprehensive outcome for shareholders as the project moves toward a significant study milestone.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd. is an Australian exploration and development company focused on gold and silver projects, with a key asset at Mt Carrington in New South Wales. The company is advancing this project through staged technical studies aimed at defining its economic viability and optimising long-term operating performance for shareholders.
Average Trading Volume: 504,677
Technical Sentiment Signal: Hold
Current Market Cap: A$36.52M
See more insights into LGM stock on TipRanks’ Stock Analysis page.