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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has shared an announcement.
Legacy Minerals has secured New South Wales government approvals for an 8,000m diamond drilling program at its Mt Carrington Project, split between the Mascotte silver-gold prospect and the Emu copper-gold prospect. The Phase 2 Mascotte program will step out from recent high-grade gold and silver intercepts to test structural and geochemical extensions at depth, following the completion of Phase 1 drilling and ahead of pending assay results expected in June 2026.
At Emu, the company will undertake the first modern drill test of interpreted porphyry-epithermal targets, aiming to unlock copper potential highlighted by historical high-grade results and recent airborne geophysics. The campaign is part of a dual-track strategy to expand Mt Carrington’s existing mineral resource and optimise the project’s scoping study, with drilling mobilization scheduled this month and completion expected over the next three months, potentially strengthening Legacy Minerals’ future development options and appeal to investors.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd. is an Australian exploration company focused on gold, silver and copper projects, with its flagship Mt Carrington Project in New South Wales. The company targets porphyry and epithermal systems and is advancing both greenfields and brownfields prospects to grow mineral resources and progress potential development.
Average Trading Volume: 457,272
Technical Sentiment Signal: Sell
Current Market Cap: A$29.02M
Find detailed analytics on LGM stock on TipRanks’ Stock Analysis page.