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Legacy Iron Ore Limited (ASX:LCY)

ALERT: Price-sensitive ASX Announcement for LCY
Current share price for LCY : $0.004 -0.002 (-33.33%)+
Announcement
Release
30 Apr 2026 8:12AM
Price at Release
$0.006
Full Release
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Summary
Legacy Iron Ore Limited has achieved significant milestones in its operations during the quarter ended March 2026. The company executed four successful ore sales to Paddington Mill totaling 119,491 tonnes, realized a 53% increase in the Mt Celia Mineral Resources, and submitted an application for a heap leach facility. Operational activities continued at the Mount Celia Gold Operations and the company advanced the Mount Bevan Magnetite Project, in collaboration with Hancock Magnetite Holdings Pty Ltd. Exploration and evaluation efforts incurred about $1.44 million in costs. These activities underscore Legacy Iron Ore's commitment to expanding its resource portfolio and enhancing shareholder value through strategic mining developments.
Key Points
  • Executed four ore sales to Paddington Mill with a total of 119,491 tonnes at an average grade of 1.09 g/t containing 4,188 ounces of gold.
  • Completed in-house review and sign-off of the Mt Celia Mineral Resources estimate with an increase in overall resource ounces by 53%.
  • Submitted working approval application for heap leach facility and gold recovery plant to the Department of Water, Environment and Regulations.
  • Completed metallurgical test work for the mineralised waste, low-grade stockpile and pit samples with ongoing agglomeration and percolation tests.
  • Conducted sub-fauna sampling and monitoring for stygofauna.
  • Completed data acquisition using UAV mag survey for Yilgangi tenements.
  • Continued development and exploration activities at the Mount Celia Gold Operations focusing on extending gold production.
  • Advanced the Mount Bevan Magnetite Project through a Joint Venture with Hancock Magnetite Holdings Pty Ltd.
  • Incurred approximately $1.44 million during the quarter on exploration and evaluation activities.
  • Submitted a revised mineral resource estimate for the Mount Bevan Magnetite Project, hosted within a significant exploration tenement.
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.