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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) just unveiled an update.
Legacy Minerals has commenced a 2,000-metre diamond drilling program at the Mascotte silver-gold prospect within its Mt Carrington Project, aiming to test beneath historical high-grade silver intersections and new structural and geochemical targets along a largely untested 1.3km trend. The campaign, which follows historical shallow drilling that was never assayed for gold, seeks to expand the existing 115Moz silver-equivalent resource, supported by recent rock chip sampling that confirmed elevated gold and silver mineralisation. In parallel, the company is progressing an Ausenco-led scoping study on development options for the current resource and awaiting assay results from recent drilling at the nearby Battery prospect, underscoring a dual-track strategy of discovery and development at a time of strong silver and gold prices.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.22 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 and gold, with its flagship Mt Carrington Project in New South Wales hosting a 115 million ounce silver-equivalent mineral resource. The company targets low-sulphidation epithermal gold-silver systems and is advancing both exploration and development studies to unlock value from high-grade prospects within this established resource base.
Average Trading Volume: 428,662
Technical Sentiment Signal: Buy
Current Market Cap: A$37.91M
For detailed information about LGM stock, go to TipRanks’ Stock Analysis page.