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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has shared an announcement.
Legacy Minerals Holdings Ltd has entered into a significant farm-in and joint venture option agreement with Rio Tinto Exploration Pty Limited, allowing Rio Tinto to earn up to an 80% interest in Legacy’s Thomson Project by funding up to $25 million in exploration. This partnership is expected to accelerate the discovery process at the Thomson Project, leveraging Rio Tinto’s expertise in intrusion-related copper-gold systems and potentially delivering substantial value to Legacy Minerals’ shareholders. The agreement underscores Legacy Minerals’ strategic capability in securing partnerships with major industry players and highlights the potential of the Thomson Project to host world-class mineral systems.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company primarily targets intrusion-related copper and gold systems, with a significant market focus on underexplored geological terrains in Australia.
Average Trading Volume: 392,217
Technical Sentiment Signal: Buy
Current Market Cap: A$46.2M
See more data about LGM stock on TipRanks’ Stock Analysis page.