Legend Mining Weathers Storm With Strong Cash Position
Company Announcements

Legend Mining Weathers Storm With Strong Cash Position

Legend Mining Limited (AU:LEG) has released an update.

Legend Mining Limited reported a strong cash position of $13.65M at the end of March 2024, despite significant weather-related disruptions at their Rockford Project. The company received a substantial R&D tax refund and is progressing with preparatory work, such as AI-driven target identification and seismic data reprocessing, ahead of upcoming drilling activities. The unprecedented rainfall has delayed field activities but the firm stands resilient with plans to resume operations shortly.

For further insights into AU:LEG stock, check out TipRanks’ Stock Analysis page.

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