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Legacy Iron Ore Limited (ASX:LCY)

ALERT: Price-sensitive ASX Announcement for LCY
Current share price for LCY : $0.004 -0.006 (-60%)+
Announcement
Release
30 Jul 2025 8:14AM
Price at Release
$0.010
Full Release
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Summary
Legacy Iron Ore Limited's Quarterly Activities Report for the period ended 31 March 2024 outlines ongoing activities focused on the Mt Bevan Iron Ore Project in Western Australia and various gold projects. The company progressed the Mt Bevan Pre-Feasibility Study (PFS), including resource drilling, environmental baseline studies, and development of a processing flowsheet. Notable highlights include the completion of a maiden Mineral Resource Estimate (MRE) for the Western Range, advancing metallurgical test work, and positive engagement with key stakeholders including Traditional Owners. Exploration on the South Laverton Gold Project continued with several tenements under review and drilling programs planned. Financially, the company remains in a stable position with $7.6 million in cash at the end of the quarter. The report also covers corporate updates and approvals, closure of a rights issue, and future work plans for both iron ore and gold assets.
Key Points
  • Quarterly report covers activities for the period ending 31 March 2024.
  • Main focus is on Mt Bevan Iron Ore Project (Western Australia) with progress on Pre-Feasibility Study.
  • Completion of maiden Mineral Resource Estimate for Western Range at Mt Bevan.
  • Metallurgical testing and environmental baseline studies are ongoing.
  • Engagement with Traditional Owners and stakeholders continues.
  • South Laverton Gold Project exploration is ongoing with drilling programs planned.
  • Corporate update includes successful rights issue closure and board changes.
  • Company holds $7.6 million in cash at quarter end.
  • Future plans include further drilling, test work, and progressing project approvals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.