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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.37K | 0.00 | 516.83K | 62.29K | 0.00 | 0.00 |
| Gross Profit | -153.70K | -153.70K | 516.83K | 19.87K | -30.44K | 0.00 |
| EBITDA | -1.93M | -1.93M | -412.71K | -904.35K | -2.04M | -851.59K |
| Net Income | -2.08M | -2.08M | -479.25K | -946.71K | -2.07M | -855.31K |
Balance Sheet | ||||||
| Total Assets | 14.01M | 14.01M | 8.83M | 5.74M | 5.12M | 1.29M |
| Cash, Cash Equivalents and Short-Term Investments | 5.36M | 5.36M | 3.01M | 1.62M | 2.77M | 752.82K |
| Total Debt | 66.70K | 66.70K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 658.15K | 658.15K | 1.50M | 712.61K | 254.52K | 478.16K |
| Stockholders Equity | 13.35M | 13.35M | 7.33M | 5.03M | 4.86M | 810.46K |
Cash Flow | ||||||
| Free Cash Flow | -1.87M | -1.87M | -4.28M | -2.92M | -3.46M | -731.12K |
| Operating Cash Flow | -1.84M | -1.84M | -731.61K | -844.51K | -1.72M | -508.34K |
| Investing Cash Flow | -4.35M | -4.35M | -3.45M | -2.12M | -1.77M | -222.78K |
| Financing Cash Flow | 8.54M | 8.54M | 5.57M | 1.82M | 5.50M | 1.40M |
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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$42.02M | -12.07 | -20.13% | ― | ― | -241.18% | |
49 Neutral | AU$72.44M | -7.01 | ― | ― | ― | -268.97% | |
49 Neutral | AU$74.53M | -23.16 | -100.11% | ― | ― | -26.67% | |
45 Neutral | AU$34.07M | -6.25 | -32.52% | ― | ― | ― | |
40 Underperform | AU$17.45M | -1.91 | -106.72% | ― | 90.14% | 52.54% | |
37 Underperform | AU$25.10M | -1.07 | ― | ― | 71.37% | 82.48% |
Legacy Minerals Holdings Ltd. Corporate Events
Legacy Minerals Holdings Ltd. has secured up to A$4 million in funding through an underwriting agreement with Bell Potter Securities to ensure the exercise of its remaining unexercised listed options (LGMO) at A$0.205 each before their January 2026 expiry. The transaction, which will not require shareholder approval or use of placement capacity under ASX Listing Rules, is expected to lift the company’s pro-forma cash balance to about A$10 million by the end of 2025, providing additional capital for discovery-focused silver, gold and copper drilling at Mt Carrington, further metallurgical and study work, and general working capital, thereby strengthening its exploration program and financial position.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals has advanced its Mt Carrington project by appointing Ausenco to deliver an expanded 2026 Stage 2 Scoping Study that will, for the first time, assess the full 115 million ounce silver-equivalent resource and incorporate flotation processing to better recover polymetallic mineralisation, while high‑grade rock chip results at the Mascotte prospect, new untested silver targets at White Rock, and ongoing work at the Battery prospect underpin a busy drilling program with approvals in place for several thousand metres of diamond drilling. In parallel, the company has strengthened its broader growth platform by securing a farm‑in and joint venture option with Rio Tinto at the Thomson Project—under which Rio Tinto may sole‑fund up to $25 million in staged exploration for an 80% stake—regaining 100% ownership of key NSW projects, identifying previously reported scandium mineralisation at NiCo Young, signing an MoU with Cobalt Blue on cobalt and NiCo Young, winning NSW government critical minerals exploration grants, and closing the quarter with $5.3 million in cash, collectively de‑risking exploration while preserving upside for shareholders.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals has issued 12,111,849 new fully paid ordinary shares following the exercise of an equivalent number of listed options (ASX: LGMO) at an exercise price of A$0.205 per share between 13 and 20 January 2026, and has confirmed that these shares were issued without a prospectus under the disclosure provisions of the Corporations Act. The company also disclosed that assay results from recent drilling at its Mt Carrington project are being processed, ongoing drilling and core logging are underway, and it is negotiating a broker mandate to underwrite any shortfall in further LGMO option exercises, signalling active capital management alongside advancing exploration work.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals Holdings Ltd has applied to the ASX for quotation of new fully paid ordinary shares issued under exercised options or converted securities, expanding its listed capital base. The company will have an additional 5,354,514 shares quoted in two tranches dated 19 and 20 January 2026, a move that modestly increases shareholder dilution while potentially enhancing market liquidity and providing further funding flexibility for its ongoing activities.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals Holdings Ltd has applied to the ASX for quotation of 682,291 new fully paid ordinary shares under its issuer code LGM, reflecting the expansion of its listed capital base. The additional securities, issued on 16 January 2026 following the exercise or conversion of existing options or other convertible instruments, marginally increase the company’s free float and may enhance trading liquidity for shareholders without altering control, signalling continued investor participation in the company’s capital structure.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals Holdings Limited has issued a correction to a previously lodged ASX Appendix 3Y, updating administrative details related to director David John Carland’s disclosed interests in the company’s securities. The amendments rectify the recorded dates of change and last notice, as well as the number of securities held before and after the change, reinforcing the company’s compliance with ASX listing rules and its commitment to accurate and transparent disclosure of director holdings for investors and regulators.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals Holdings Ltd has applied to the ASX for quotation of 3,866,184 new ordinary fully paid shares, to be issued and listed on 15 January 2026. The additional securities, arising from the exercise or conversion of existing options or other convertible instruments, will marginally increase the company’s free float and capital base, potentially enhancing liquidity for shareholders and supporting ongoing exploration and corporate activities.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals Holdings has disclosed a change in the interests of director David John Carland, reflecting adjustments in his indirect holdings via the Carland Super Fund and Boltcar Pty Limited. The filing shows that Carland exercised listed LGMO options to acquire 627,774 fully paid ordinary shares at $0.18 per share, resulting in increased shareholdings and the issuance of additional unlisted options expiring in 2027, signalling a higher personal stake and continued alignment of the director’s interests with the company’s equity performance.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals Holdings Ltd has applied to the ASX for quotation of 2,208,860 additional ordinary fully paid shares under the code LGM, with an issue date of 13 January 2026. The new securities, arising from the exercise or conversion of existing instruments, will expand the company’s quoted share capital and marginally increase liquidity for investors, reflecting ongoing capital structuring typical for exploration-focused resource companies.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals has commenced a 2,000-metre diamond drilling program at the Mascotte silver-gold prospect within its Mt Carrington Project, aiming to test beneath historical high-grade silver intersections and new structural and geochemical targets along a largely untested 1.3km trend. The campaign, which follows historical shallow drilling that was never assayed for gold, seeks to expand the existing 115Moz silver-equivalent resource, supported by recent rock chip sampling that confirmed elevated gold and silver mineralisation. In parallel, the company is progressing an Ausenco-led scoping study on development options for the current resource and awaiting assay results from recent drilling at the nearby Battery prospect, underscoring a dual-track strategy of discovery and development at a time of strong silver and gold prices.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals Holdings Limited has issued 230,400 new fully paid ordinary shares following the exercise of an equivalent number of listed options (ASX: LGMO) at an exercise price of A$0.205 per share on 5 January 2026. The company confirmed that these shares were issued without a prospectus under the disclosure exemptions of the Corporations Act, and stated it remains compliant with its continuous disclosure and financial reporting obligations, signalling routine capital management activity without any undisclosed price-sensitive information for investors.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals Holdings Ltd has applied to the ASX for quotation of 230,400 new fully paid ordinary shares, issued on 5 January 2026 following the exercise or conversion of existing options or other convertible securities. The additional quoted securities modestly expand the company’s listed capital base, reflecting ongoing utilisation of equity-linked incentives and providing incremental liquidity for investors without indicating a broader capital raising at this stage.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
Legacy Minerals Holdings Ltd has notified the market that 401,833 LGMAH options, exercisable at $0.225 and due to expire on 23 December 2025, have lapsed because the conditions attached to these options were not met or have become incapable of being satisfied. The cessation of these options slightly reduces the company’s potential future share dilution and clarifies its capital structure for investors, but does not involve any new capital raising or change in operating activities.
Legacy Minerals Holdings Limited has issued 185,833 new fully paid ordinary shares following the exercise of listed options (ASX: LGMO) at an exercise and issue price of A$0.205 per share in two tranches on 17 and 22 December 2025. The company has confirmed that these shares were issued without a prospectus under the Corporations Act’s secondary trading provisions and that it remains compliant with its financial reporting and continuous disclosure obligations, signalling routine capital management with limited immediate impact on existing shareholders beyond minor dilution.
Legacy Minerals Holdings Limited has announced a change in the director’s interest, specifically involving securities held by Thomas Patrick Wall. This notice highlights updates in direct and indirect interests across various entities and trusts related to Mr. Wall, reflecting minor increases in shares and adjustments in listed options, which are integral pieces of the company’s broader financial structuring and governance transparency.
Legacy Minerals Holdings Limited has disclosed a change in the securities interests of its director, Matthew John Wall. This update, involving the exercise of options to acquire additional shares, slightly increases his financial stake and related holdings in the company. This development reflects the company’s ongoing updates to ensure transparency with its shareholders and improve visibility into leadership investments.
Legacy Minerals Holdings Ltd announced an application for the quotation of 19,166 fully paid ordinary shares on the Australian Securities Exchange (ASX). The new securities result from the exercise of options or conversion of other convertible securities, potentially enhancing the company’s equity market presence and stakeholder engagement.
Legacy Minerals Holdings Limited has announced a change in the director’s interest, specifically involving Christopher Gerard Byrne. The company reported that Mr. Byrne has acquired an additional 50,000 ordinary shares through an on-market purchase, increasing his total shareholding. This change reflects a strategic move by the director to increase his stake in the company, potentially indicating confidence in the company’s future performance and stability.
Legacy Minerals Holdings Ltd. announced a change in the director’s interest, specifically involving Matthew John Wall, who has both direct and indirect interests in various trusts and entities. The change involved the acquisition of 11,000 ordinary fully paid shares at $0.21 each through an on-market purchase, increasing the total number of shares held by related entities to 13,057,592. This acquisition reflects a strategic move by the director, potentially indicating confidence in the company’s future performance.
Legacy Minerals Holdings Limited has announced a change in the director’s interest, specifically involving Thomas Patrick Wall. The change reflects an acquisition of 11,000 ordinary fully paid shares at a value of $0.21 each, increasing his total holdings to 13,057,592 shares. This adjustment in holdings indicates a strategic move by the director, potentially signaling confidence in the company’s future prospects. Such changes can impact stakeholder perceptions and influence the company’s market positioning.
Legacy Minerals Holdings Ltd announced the upcoming expiry of its listed options on January 22, 2026, with the official quotation ceasing on January 16, 2026. This notification is part of the company’s compliance with ASX Listing Rules and may impact stakeholders holding these options, as it marks a significant date for the company’s financial operations.
Legacy Minerals Holdings Ltd has identified new silver targets and received drilling approvals at its Mt Carrington Project, which could significantly expand the existing gold-silver resource of 115Moz Ag-Equivalent. The company is advancing its exploration efforts with a 3,500-meter drilling program at the White Rock Prospect, aiming to explore untested zones that may extend the mineralized footprint. This development is part of Legacy Minerals’ dual-track strategy to enhance resource growth and technical advancement, supported by ongoing drilling at other prospects and a progressing scoping study by Ausenco.
Legacy Minerals Holdings Ltd. has announced the issuance of 62,499 new fully paid ordinary shares following the exercise of listed options at an issue price of A$0.205 per share. This move is part of the company’s strategic financial operations, potentially enhancing its capital structure and market positioning, while complying with relevant sections of the Corporations Act.
Legacy Minerals Holdings Ltd successfully held its Annual General Meeting, where all proposed resolutions were passed by a poll. The approval of key resolutions, including the adoption of the Remuneration Report, re-election of a director, and approval of a 10% placement facility, indicates strong shareholder support and positions the company for continued growth and strategic development.
Legacy Minerals Holdings Ltd. has released a presentation for its 2025 Annual General Meeting, highlighting its ongoing exploration activities and results. The company emphasizes its commitment to mineral discovery and development, while acknowledging the uncertainties and risks inherent in the mining sector. The presentation reiterates previous exploration results and confirms no significant changes in assumptions or technical parameters. This announcement underscores Legacy Minerals’ strategic focus on advancing its exploration projects, which could impact its market positioning and stakeholder interests.
Legacy Minerals Holdings Ltd. has announced significant advancements in its joint venture arrangements and exploration projects. The company has expanded its partnership with Rio Tinto Exploration Pty Limited for the Thomson Project and is exploring collaboration with Cobalt Blue Holdings for its NiCo Young cobalt-nickel project. Additionally, Legacy Minerals has retained its Bauloora Project and is focusing on the Mt Carrington Project, with a new drilling program and updated resource estimates. These developments are expected to enhance the company’s exploration strategy and potential profitability, while record prices for its primary commodities could positively impact its financial performance.
Legacy Minerals Holdings Ltd. has provided an update on its exploration activities across several partnered projects, highlighting significant progress and strategic partnerships. The company announced the commencement of a geophysical program at the Thomson Project with Rio Tinto Exploration, aimed at identifying potential sulphide-rich zones. Additionally, Earth AI has achieved Stage 1 earn-in at the Fontenoy Project, with plans to increase its stake by further investment and drilling. The company’s ongoing partnerships and exploration efforts underscore its commitment to unlocking value and advancing its portfolio, with promising results anticipated in the coming years.
Legacy Minerals Holdings Ltd. has announced the commencement of an Expanded Stage 2 Scoping Study for its Mt Carrington Gold-Silver Project, following a positive Metallurgical Bridging Study. The study, conducted by Ausenco Pty Ltd, aims to evaluate the entire 1.2Moz gold-equivalent resource and optimize flotation processing to improve recoveries from polymetallic deposits. This development is expected to enhance the project’s economic viability, leveraging existing infrastructure and historical investments. The study’s outcomes could position Mt Carrington as a lower-risk, higher-value mining opportunity, benefiting shareholders and advancing the project towards modern mining operations.
Legacy Minerals Holdings Limited has announced a change in the director’s interest notice, specifically for Director Matthew John Wall. The change involves an off-market transfer of shares and options between entities related to Mr. Wall, including family trusts and superannuation funds, without altering the overall relevant interest. This announcement reflects internal adjustments in shareholding structures, potentially affecting the company’s governance dynamics but not its market positioning.
Legacy Minerals Holdings Limited announced a change in the director’s interest, specifically regarding Thomas Patrick Wall. The notice details changes in his direct and indirect holdings, including shares and options across various family trusts and superannuation funds. This adjustment in holdings is part of routine disclosures required by ASX listing rules, ensuring transparency and compliance with corporate governance standards.
Legacy Minerals Holdings Ltd. has issued an addendum to its Notice of Annual General Meeting, correcting a table of equity securities. The meeting remains scheduled for November 25, 2025, in Sydney. The addendum is available online, reflecting a shift towards electronic communication with shareholders, which may streamline access and reduce costs.
Legacy Minerals Holdings Ltd. has announced its upcoming Annual General Meeting, scheduled for November 25, 2025, to be held in person in Sydney. Shareholders are encouraged to submit their proxies early and can access all meeting materials electronically through the company’s website or ASX market announcements platform.
Legacy Minerals Holdings Ltd. announced the issuance of 10,951 new fully paid ordinary shares following the exercise of listed options. This move reflects the company’s compliance with relevant provisions of the Corporations Act, indicating a strategic step in its financial management and potential growth trajectory.
Legacy Minerals Holdings Ltd. has announced the issuance of 10,951 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its financial flexibility and market presence.
Legacy Minerals Holdings Ltd has been awarded two grants by the NSW Government under the Critical Minerals & High-Tech Metals Exploration Program. These grants, totaling $53,000, will support geochemical and geophysical exploration at the Thomson and Rockley Projects. The Thomson Project, which has a joint venture option with Rio Tinto, is considered a flagship discovery target with potential for major copper-gold systems. The Rockley Project, located within a highly prospective volcanic arc, shows significant copper-gold anomalies and remains largely untested. The grants underscore the strategic importance of mineral exploration in NSW, aiding Legacy Minerals in advancing their exploration strategy and potentially enhancing their industry positioning.