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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has provided an update.
Legacy Minerals has issued 12,111,849 new fully paid ordinary shares following the exercise of an equivalent number of listed options (ASX: LGMO) at an exercise price of A$0.205 per share between 13 and 20 January 2026, and has confirmed that these shares were issued without a prospectus under the disclosure provisions of the Corporations Act. The company also disclosed that assay results from recent drilling at its Mt Carrington project are being processed, ongoing drilling and core logging are underway, and it is negotiating a broker mandate to underwrite any shortfall in further LGMO option exercises, signalling active capital management alongside advancing exploration work.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.23 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 mineral exploration company listed on the ASX (ASX: LGM), focused on discovering and advancing gold and base metals projects, including its Mt Carrington project in New South Wales.
Average Trading Volume: 453,268
Technical Sentiment Signal: Buy
Current Market Cap: A$37.53M
Find detailed analytics on LGM stock on TipRanks’ Stock Analysis page.