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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has shared an update.
Legacy Minerals Holdings Ltd. has lodged an Exploration Licence Application for the Nico Young deposit, one of Australia’s largest nickel and cobalt deposits, previously held by Jervois Global. This strategic acquisition, at no cost, positions Legacy Minerals to capitalize on future market improvements in nickel and cobalt prices. The company aims to leverage the extensive development work already conducted on the site, enhancing its asset base and providing significant opportunities for shareholders in the multi-commodity mining sector.
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 precious metals and critical minerals. The company is involved in projects related to gold, copper, silver, and now nickel and cobalt, with a strategic interest in battery production minerals. Legacy Minerals maintains a diverse portfolio, including joint ventures with major partners like Newmont and S2 Resources.
Average Trading Volume: 427,203
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$24.99M
Find detailed analytics on LGM stock on TipRanks’ Stock Analysis page.