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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has shared an update.
Legacy Minerals has reported encouraging early drilling results across its Mt Carrington Project in New South Wales, where ongoing diamond drilling at the Mascotte silver-gold prospect is testing a 1.3km strike beneath historic high-grade silver workings and newly identified gold-bearing surface samples. At the Battery copper prospect, first-pass drilling has intersected broad zones of anomalous copper mineralisation, including 95m at 0.13% Cu from 114m, reinforcing the potential for a large-scale porphyry-related copper deposit and prompting a technical review to refine follow-up drilling and assess untested copper-in-soil anomalies, while the company prepares to deliver an updated Mt Carrington Scoping Study in early March 2026 and advances its broader discovery strategy with $10 million in cash.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd. is an Australian exploration company focused on silver, gold and copper projects, with its flagship Mt Carrington Project in New South Wales targeting epithermal and porphyry-style mineralisation across multiple prospects. The company is pursuing both discovery-focused drilling and project studies, supported by a strong cash position to advance development and resource definition work.
Average Trading Volume: 523,463
Technical Sentiment Signal: Buy
Current Market Cap: A$41.18M
Learn more about LGM stock on TipRanks’ Stock Analysis page.