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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has provided an announcement.
Legacy Minerals Holdings Ltd. has released a Stage 1 Scoping Study for its Drake Project, revealing robust economic potential with an average production of approximately 31,400 ounces per annum over a five-and-a-half-year period. The study highlights significant resource and exploration growth opportunities, with a net present value of approximately A$290.4 million. The company has also completed its inaugural drilling campaign at the Thomson Project, targeting gold and copper systems, with assay results anticipated soon. Additionally, Legacy Minerals has expanded its generative asset portfolio, including the acquisition of the Nico Young nickel-cobalt deposit, and secured funding through a successful $7.75 million capital raising to support ongoing exploration efforts.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd. operates in the mining industry, focusing on the exploration and development of gold, silver, and base metal resources. The company is actively engaged in projects located in highly prospective regions such as the New England Fold Belt in Australia, with a strategic emphasis on expanding its resource base and exploration potential.
Average Trading Volume: 332,773
Technical Sentiment Signal: Sell
Current Market Cap: A$28.87M
For an in-depth examination of LGM stock, go to TipRanks’ Overview page.