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Legacy Minerals Holdings Ltd.
(Sydney:LGM)
Legacy Minerals Holdings Ltd. (LGM) vs. iShares MSCI Australia ETF (EWA)
Legacy Minerals Holdings Ltd. Business Overview & Revenue Model
Legacy Minerals Holdings Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 364.64K | 516.83K | 62.29K | 0.00 | 0.00 | 0.00 | Gross Profit |
| 292.30K | 516.83K | 19.87K | -30.44K | 0.00 | 0.00 | EBIT |
| -1.41M | -562.78K | -1.01M | -2.07M | -855.31K | -12.51K | EBITDA |
| -1.29M | -412.71K | -904.35K | -2.04M | -851.59K | 0.00 | Net Income Common Stockholders |
| -1.40M | -479.25K | -946.71K | -2.07M | -855.31K | -12.51K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 3.17M | 3.01M | 1.62M | 2.77M | 752.82K | 88.76K | Total Assets |
| 10.05M | 8.83M | 5.74M | 5.12M | 1.29M | 181.37K | Total Debt |
| 110.87K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -3.06M | -3.01M | -1.62M | -2.77M | -752.82K | -88.76K | Total Liabilities |
| 1.05M | 1.50M | 712.61K | 254.52K | 478.16K | 0.00 | Stockholders Equity |
| 9.00M | 7.33M | 5.03M | 4.86M | 810.46K | 181.37K |
| Cash Flow | Free Cash Flow | ||||
| -4.07M | -4.28M | -2.92M | -3.46M | -731.12K | -73.99K | Operating Cash Flow |
| -1.00M | -731.61K | -844.51K | -1.72M | -508.34K | -13.57K | Investing Cash Flow |
| -4.11M | -3.45M | -2.12M | -1.77M | -222.78K | -60.41K | Financing Cash Flow |
| 6.68M | 5.57M | 1.82M | 5.50M | 1.40M | 130.50K |
Legacy Minerals Holdings Ltd. Technical Analysis
Legacy Minerals Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | AU$30.43M | ― | -18.41% | ― | ― | -103.03% | |
50 Neutral | $1.99B | -1.06 | -21.34% | 3.71% | 2.03% | -30.65% | |
| €11.83M | ― | -21.87% | ― | ― | ― | ||
47 Neutral | AU$164.61M | 6.83 | 8.30% | ― | -7.16% | ― | |
37 Underperform | AU$9.87M | ― | -246.06% | ― | ― | -706.25% | |
35 Underperform | AU$50.67M | ― | -2.31% | ― | ― | -33.33% |
Legacy Minerals Holdings Ltd. Corporate Events
Legacy Minerals Holdings Ltd. announced that Red Hill Minerals has acquired a 1.5% royalty on the Thomson Project, a significant exploration opportunity in New South Wales. This acquisition underscores the potential for large-scale gold and copper discoveries in the region, supported by recent assays and historical data. The transaction highlights the strategic importance of the Thomson Project in the exploration sector, with Legacy Minerals poised for a potential breakthrough in discovering new mineral systems, which could have substantial implications for stakeholders.
Legacy Minerals Holdings Ltd. has released an amended announcement regarding high-grade gold intercepts from its drilling activities, which demonstrate significant potential for resource expansion at the Drake Project. The new assay results confirm resource continuity and extend known gold mineralization, with the deposits remaining open in all directions. These findings build on a recent Mineral Resource Estimate and Scoping Study, which showed a substantial increase in resources and robust economic prospects, positioning the company favorably within the industry.
Legacy Minerals Holdings Ltd. has announced promising assay results from historic diamond drill core sampling at its Drake Project in New South Wales, Australia. The results reveal broad and high-grade gold intercepts, demonstrating the potential for resource expansion and continuity at the Strauss and Kylo deposits. These findings build on the company’s recent Mineral Resource Estimate and Scoping Study, which highlighted substantial resource increases and robust economic potential. The new data suggests significant upside for stakeholders, with the potential for further exploration and development in the region.
Legacy Minerals Holdings Ltd. has announced an updated Mineral Resource Estimate (MRE) for its Drake Project, revealing a substantial increase in resources with 0.8Moz of gold-equivalent and 35Moz of silver-equivalent. This update underscores the project’s potential for further exploration and resource growth. The company also completed a Stage 1 Scoping Study, indicating robust economic prospects with an expected annual production of 31,400oz of gold and strong free cashflows. Additionally, positive developments were reported from the Thomson and Glenlogan projects, suggesting a promising outlook for the company’s operations and stakeholder interests.
Legacy Minerals Holdings Ltd. announced amendments to its previous release regarding the Bauloora Drilling and Target Generation project. The company has updated its JORC Table 1 to reflect changes in sampling techniques, drilling methods, and quality control procedures, removing references to drilling and focusing on stream sediment and rock chip sampling. These amendments aim to enhance the accuracy and compliance of their exploration reporting, potentially impacting the company’s operational transparency and stakeholder confidence.
Legacy Minerals Holdings Ltd. has announced the issuance of 17,381 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) as of April 24, 2025. This move is part of the company’s strategy to enhance its financial flexibility and potentially strengthen its market position, impacting stakeholders by possibly increasing the liquidity and attractiveness of its shares.
Legacy Minerals Holdings Ltd. has announced significant findings from its reconnaissance drilling at the Bauloora Project in New South Wales, Australia. The drilling has revealed new vein trends and broad alteration zones, indicating a larger scale of the epithermal system than previously understood. The discovery of new sinter-related lithology and epithermal veins in the southern area enhances the project’s prospectivity. These results will guide future exploration efforts, with systematic sampling and analysis continuing to identify potential targets for further drilling. The findings suggest potential for expanded mineral resources, which could positively impact the company’s exploration strategy and stakeholder interests.
Legacy Minerals Holdings Ltd. has amended its previous announcement regarding the Drake Project to comply with JORC Code and Listing Rules, removing a non-compliant stockpile from its Scoping Study. The updated study highlights robust economic potential, with significant improvements from the 2020 Pre-feasibility Study, showcasing a strong net present value and internal rate of return. The company plans to continue exploring and expanding its resource base, focusing on gold and silver deposits, which could enhance its market positioning and offer substantial growth opportunities for stakeholders.
Legacy Minerals Holdings Limited has requested an immediate trading halt on its securities pending a significant announcement related to its Drake Project. This halt is intended to provide the company time to release an update that could potentially impact its market positioning and stakeholder interests, highlighting the project’s promising economic potential.
Legacy Minerals Holdings Ltd. has released the results of their Stage 1 Scoping Study for the Drake Epithermal Gold-Silver Project, highlighting significant economic potential and resource growth opportunities. The study indicates robust financial metrics, including a net present value of A$303 million and an internal rate of return of 120% at a base gold price of A$4,250/oz. The project is expected to produce an average of 32,200oz of gold annually over a 5.5-year mine life, with a payback period of 14 months. The study also points to further potential with additional resources not yet included, and ongoing exploration efforts could enhance the project’s value. However, the study is preliminary, and further evaluations are necessary to confirm the project’s viability.
Legacy Minerals Holdings Ltd. has experienced a change in the interests of its substantial holder, Cumulus Wealth. The voting power of Cumulus Wealth in Legacy Minerals has decreased from 8.52% to 7.09%, as indicated by the reduction in their fully paid ordinary shares from 10,616,394 to 8,853,385. This change may impact the company’s shareholder dynamics and influence within the market.
Legacy Minerals Holdings Ltd. has announced significant assay results from its Thomson Project in New South Wales, Australia, confirming the presence of large-scale intrusion-related gold systems. The new assays, derived from previously unsampled historic drill cores, reveal high-grade gold and silver intervals, enhancing the project’s discovery potential. The ongoing drilling campaign targets the F4 and Cut-B anomalies, which show similar geophysical characteristics to the promising Cut-A anomaly, indicating potential for major discoveries in the region.
Legacy Minerals Holdings Ltd. has experienced a notable increase in its share price and trading volume, attributed to ongoing activities and announcements related to its mineral exploration projects. The company is conducting a Pre-Feasibility Study at the Drake Project and has received unverified drilling assays for its Bauloora and Thomson Projects, with verified results expected soon. Additionally, recent research reports have been published about the company, potentially influencing market activity.
Legacy Minerals Holdings Ltd. has successfully raised A$3.0 million through a capital raising initiative, issuing 366,660 ordinary shares at A$0.15 each. This financial move supports the company’s ongoing exploration activities across its nine projects in New South Wales, including the Bauloora, Thomson, and Drake projects, where drilling assays are expected to be reported in April 2025. These developments are crucial for Legacy Minerals’ strategic positioning in the mining industry, potentially enhancing shareholder value and advancing their exploration objectives.
Legacy Minerals Holdings Ltd. has initiated a pre-feasibility study for its Drake Epithermal Gold-Silver Project, engaging Mining Plus to update the 2020 study in light of recent mineral resource estimates. The project, which boasts significant gold and silver deposits, is undergoing various value-adding activities, including the processing of six drill holes and an airborne geophysical survey to identify new targets. These efforts aim to enhance the project’s economic viability and guide future exploration and development. The updated study is expected to be completed by April 2025, potentially impacting the company’s operations and market positioning positively.
Legacy Minerals Holdings Ltd. announced that its Managing Director, Chris Byrne, will host a live investor webinar to discuss the company’s exploration programs in New South Wales, focusing on the Drake and Thomson Projects. The Drake Project has a newly announced Mineral Resource Estimate of 0.8Moz of gold-equivalent metal and 35Moz of silver-equivalent metal, while the Thomson Project is targeting large, intrusion-related gold and copper systems. This initiative highlights Legacy Minerals’ commitment to advancing its exploration efforts and engaging with stakeholders, potentially enhancing its market position and shareholder value.
Legacy Minerals Holdings Limited has announced the issuance of 4,000,000 unquoted securities, specifically options expiring on March 19, 2028, with an exercise price of $0.225. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, indicating a strategic move to potentially strengthen the company’s financial position and provide flexibility in its capital management.
Legacy Minerals Holdings Ltd. announced the approval and issuance of 3,333,356 options (ASX: LGMO) set to expire on January 22, 2026, following shareholder approval on March 11, 2025. This move is part of a securities purchase plan aimed at enhancing the company’s market presence and operational capabilities, potentially impacting its financial standing and stakeholder interests positively.
Legacy Minerals Holdings Ltd. has announced the quotation of 3,333,333 securities on the Australian Securities Exchange, set to expire on January 22, 2026. This move is part of previously announced transactions, potentially impacting the company’s liquidity and investor interest by increasing the availability of tradeable options.
Legacy Minerals Holdings Ltd. announced the quotation of new securities on the Australian Securities Exchange (ASX), including 366,660 ordinary fully paid shares and 5,583,348 options expiring in January 2026. This move is part of a previously announced transaction, potentially impacting the company’s financial structure and offering new opportunities for stakeholders.
Legacy Minerals Holdings Ltd. has commenced drilling two major copper-gold targets at its Thomson Project in New South Wales, Australia. The project targets large, untested geophysical anomalies that could represent significant intrusion-related gold-copper systems. With government approvals secured, the company is utilizing advanced geophysical techniques to explore these anomalies, which are located in a promising geological setting. The drilling, expected to take six weeks, could potentially lead to a major discovery, enhancing the company’s position in the mining sector and offering significant opportunities for stakeholders.
Legacy Minerals Holdings Ltd. has released its interim financial report for the period ending December 31, 2024. The company, listed on the Australian Securities Exchange under the codes LGM and LGMO, is focused on mineral exploration and development. The report provides insights into the company’s financial performance and operational updates, which are crucial for stakeholders to assess its market positioning and future prospects.
Legacy Minerals Holdings Ltd. has announced a significant update to its Mineral Resource Estimate (MRE) for the Drake Epithermal Gold-Silver Project, now totaling 34 million tonnes with 0.8 million ounces of gold-equivalent and 35 million ounces of silver-equivalent. This update reflects increased metal prices and extensive geological modeling, highlighting the project’s potential for future growth and new discoveries. The company plans to further explore the project’s mineralized areas, aiming for substantial extensions and new discoveries, supported by ongoing geophysical and geochemical work.
Legacy Minerals Holdings Ltd announced that all resolutions at its recent General Meeting were passed by a poll. The resolutions included the ratification of various placement shares and options, which are expected to support the company’s strategic growth initiatives. This outcome reflects strong shareholder support and positions the company to advance its operational goals.
Legacy Minerals Holdings Ltd. has requested a trading halt on its securities pending an announcement related to a Mineral Resource Estimate at its Drake site. This move indicates a potentially significant development in the company’s operations, which could impact its market positioning and stakeholder interests once the announcement is made.
Legacy Minerals Holdings Ltd. has announced significant findings from its Drake Project, revealing high-grade antimony and gold results from rock chip sampling at the Lunatic Field Prospect. These findings suggest potential for Hillgrove-style mineralization, which could enhance the company’s exploration prospects in the New England Fold Belt. The discovery is particularly timely given recent Chinese export restrictions on antimony, which have driven up prices, underscoring the strategic importance of this mineral. With no significant exploration since 2006, the company sees substantial potential in further developing this resource, which could strengthen its position in the critical minerals market.
Legacy Minerals Holdings Ltd. has announced updates on its exploration activities across its New South Wales portfolio, highlighting ongoing work at the Drake, Thomson, and joint venture projects. The company is experiencing delays in receiving drilling assay results due to laboratory backlogs, with expectations for results to be available in March-April. The Drake mineral resource estimation is nearing completion, and an airborne geophysical survey is underway, marking the first large-scale exploration in 35 years. These developments are crucial for Legacy Minerals as they continue to advance their exploration efforts and potentially enhance their resource estimates, impacting their market positioning and stakeholder interests.
Legacy Minerals Holdings Ltd. has identified a promising porphyry copper-gold drill target at its Glenlogan Project, following a successful geophysical survey. The anomaly, which exhibits significant conductive, chargeable, and resistive zones, hints at the presence of a potentially mineralized porphyry system. Located in proximity to the globally significant Cadia-Ridgeway deposits, this discovery could enhance Legacy Minerals’ market positioning by strengthening its exploration portfolio and attracting further investment interest.
Legacy Minerals Holdings Ltd. has initiated an airborne Mobile Magneto Telluric (MobileMT) geophysical survey over its Drake Project, marking the first systematic geophysical data collection in the area in 30 years. This survey aims to identify new exploration targets for gold, silver, and copper, as well as to define geological structures. The results are anticipated to enhance the company’s ability to discover both brownfield and greenfield targets, potentially impacting its operational scope and market position.
Legacy Minerals Holdings Ltd. has announced a significant geophysical drill target at its Glenlogan Project, identified through a recent survey conducted by its partner S2 Resources. This newly defined anomaly suggests the presence of a potentially mineralized porphyry copper-gold system, which is located near the globally significant Cadia-Ridgeway deposits. The findings from this survey provide a strategic focus for Legacy Minerals’ future exploration efforts, indicating promising prospects for further drilling and potential discoveries. The company plans to conduct additional geophysical work to better define the target before commencing drill testing, marking a critical step in advancing their exploration activities.
Legacy Minerals Holdings Ltd. has identified a new potential porphyry-style drill target at its Glenlogan copper-gold project through a combined tensor induced polarisation and magnetotelluric survey. This discovery, located on the northeast flank of a significant magnetic anomaly, suggests the presence of mineralisation associated with intrusive bodies, which could enhance the company’s exploration prospects. The company plans to conduct a detailed dipole-dipole induced polarisation survey to further define the drill target, indicating a strategic move to capitalize on promising geophysical findings.
Legacy Minerals Holdings Ltd. has released a presentation detailing its exploration results and future prospects. The company highlights its commitment to advancing its mining projects, backed by a solid foundation of historical exploration data and technical expertise. The release underscores the company’s strategic efforts to enhance its market positioning and continue its growth trajectory in the mining sector.
Legacy Minerals Ltd has observed a change in the interests of its substantial holder, Cumulus Wealth, which now holds 8.52% voting power of fully paid ordinary shares, a slight decrease from 9.79%. This shift in voting power may indicate strategic repositioning within the company’s shareholder structure, potentially affecting stakeholder dynamics and decision-making influence.