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Legacy Iron Ore Limited (ASX:LCY)

ALERT: Price-sensitive ASX Announcement for LCY
Current share price for LCY : $0.005 -0.002 (-28.57%)+
Announcement
Release
16 Apr 2026 8:15AM
Price at Release
$0.007
Full Release
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Summary
Legacy Iron Ore Limited announced the results of a UAV magnetic survey at the Yilgangi Project, which identified multiple gold targets along the Keith-Kilkenny Shear Corridor. The survey, conducted by Pegasus Airborne Systems and interpreted by Newexco Exploration Pty Ltd, revealed that the Yilgangi tenements are located within a significant gold-bearing structural corridor. The survey identified three magnetic domains and numerous prospective areas for gold mineralization, which are structurally controlled along major shear zones and cross-cutting structures. Legacy plans to integrate these findings with further geochemical and geophysical surveys to refine targets and plan future drilling programs.
Key Points
  • UAV magnetic survey completed over Yilgangi Project.
  • Yilgangi tenements positioned within Keith-Kilkenny Fault System.
  • Three magnetic domains identified with numerous areas of interest for gold.
  • Next steps involve data integration, target refinement, and drilling plans.
  • Legacy's mission is to enhance shareholder wealth through mineral discovery and development.
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.