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The latest update is out from Legacy Minerals Holdings Ltd. ( (AU:LGM) ).
Legacy Minerals Holdings Ltd. has successfully raised A$7.75 million through a placement to accelerate exploration at its Drake and Thomson Gold-Copper-Silver Projects. This funding will support extensive drilling and exploration activities, positioning the company to enhance its project scale and regional potential. The placement, which saw strong support from global resources investors, is a significant endorsement of Legacy Minerals’ strategy and the prospectivity of its flagship projects. The funds will also facilitate the expansion of the Thomson Project drilling, targeting high-priority areas at the Drake Project, and conducting a Stage 2 Scoping Study.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd. operates in the mining industry, focusing on the exploration and development of gold, copper, and silver projects. The company is strategically involved in projects like Drake and Thomson, aiming to expand its scale and unlock regional potential.
Average Trading Volume: 423,455
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.86M
Find detailed analytics on LGM stock on TipRanks’ Stock Analysis page.