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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 516.83K | 62.29K | 0.00 | 0.00 |
| Gross Profit | -153.70K | 516.83K | 19.87K | -30.44K | 0.00 |
| EBITDA | -1.93M | -412.71K | -904.35K | -2.04M | -851.59K |
| Net Income | -2.08M | -479.25K | -946.71K | -2.07M | -855.31K |
Balance Sheet | |||||
| Total Assets | 14.01M | 8.83M | 5.74M | 5.12M | 1.29M |
| Cash, Cash Equivalents and Short-Term Investments | 5.36M | 3.01M | 1.62M | 2.77M | 752.82K |
| Total Debt | 66.70K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 658.15K | 1.50M | 712.61K | 254.52K | 478.16K |
| Stockholders Equity | 13.35M | 7.33M | 5.03M | 4.86M | 810.46K |
Cash Flow | |||||
| Free Cash Flow | -1.87M | -4.28M | -2.92M | -3.46M | -731.12K |
| Operating Cash Flow | -1.84M | -731.61K | -844.51K | -1.72M | -508.34K |
| Investing Cash Flow | -4.35M | -3.45M | -2.12M | -1.77M | -222.78K |
| Financing Cash Flow | 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$56.14M | -11.18 | -100.11% | ― | ― | -26.67% | |
45 Neutral | AU$29.81M | -5.89 | -32.52% | ― | ― | ― | |
44 Neutral | AU$35.02M | -9.46 | -20.13% | ― | ― | -241.18% | |
41 Neutral | AU$65.58M | -2.79 | ― | ― | ― | -268.97% | |
40 Underperform | AU$17.45M | -1.51 | -106.72% | ― | 90.14% | 52.54% | |
37 Underperform | AU$25.10M | -352.11 | ― | ― | 71.37% | 82.48% |
Legacy Minerals Holdings Ltd. Corporate Events
Legacy Minerals Holdings has released a presentation outlining its gold, silver and copper exploration activities in New South Wales, Australia, reiterating that its current results and project data are drawn from previously disclosed prospectus materials and subsequent ASX announcements. The company emphasises that the underlying assumptions, technical parameters and Competent Person sign-offs for its exploration targets and the Drake Project mineral resource estimate remain unchanged, reinforcing the integrity and continuity of its reported geological information for investors and stakeholders.
The presentation also highlights the formal involvement of qualified geoscientists who meet JORC 2012 standards, underscoring compliance with industry reporting codes and best practice in resource estimation. By reaffirming the authority of its technical disclosures and the board’s approval of the materials, Legacy Minerals seeks to bolster investor confidence in its NSW exploration strategy and the reliability of its publicly reported exploration and resource data.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.19 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 disclosed that director change-of-interest notices for Chris Byrne, Thomas Wall, Matthew Wall, and Doug Menzies were lodged late because the ASX-listed options (LGMO) they held expired unexercised on 22 January 2026; the company emphasized that earlier market updates had already highlighted the expiry, no securities were traded, and internal compliance measures, including its February 2024 securities trading policy and a director notification register, remain in force to satisfy Listing Rule 3.19B.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.19 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 issued 19,527,436 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, with exercises occurring between 22 and 30 January 2026. The share issuance, conducted without a prospectus under the Corporations Act’s cleansing provisions, strengthens the company’s capital base while confirming its ongoing compliance with financial reporting and continuous disclosure obligations, providing transparency and assurance to existing and new investors about the integrity of the new equity on issue.
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 Australian Securities Exchange for quotation of 10,765,343 new fully paid ordinary shares under code LGM, with an issue date of 30 January 2026. The additional securities, arising from the exercise or conversion of existing options or convertible instruments, will expand the company’s quoted share base and may support future funding capacity and liquidity for investors as it advances its exploration and development 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 has reported encouraging early drilling results across its Mt Carrington Project in New South Wales, where ongoing diamond drilling at the Mascotte silver-gold prospect is testing a 1.3km strike beneath historic high-grade silver workings and newly identified gold-bearing surface samples. At the Battery copper prospect, first-pass drilling has intersected broad zones of anomalous copper mineralisation, including 95m at 0.13% Cu from 114m, reinforcing the potential for a large-scale porphyry-related copper deposit and prompting a technical review to refine follow-up drilling and assess untested copper-in-soil anomalies, while the company prepares to deliver an updated Mt Carrington Scoping Study in early March 2026 and advances its broader discovery strategy with $10 million in cash.
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 Limited has applied to the ASX for quotation of an additional 8.76 million ordinary fully paid shares, issued between 22 and 27 January 2026 following the exercise of options or conversion of other securities. The expanded share base reflects progressing financing or incentive arrangements and modest equity dilution for existing shareholders, and positions the company with increased quoted capital that may support ongoing exploration, development activities and market liquidity for its securities.
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 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.