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Legend Mining Limited (ASX:LEG)

ALERT: Price-sensitive ASX Announcement for LEG
Current share price for LEG : $0.008 -0.002 (-20%)+
Announcement
Release
20 Jan 2026 8:16AM
Price at Release
$0.010
Full Release
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Summary
Legend Mining Limited's quarterly activities report for December 2025 highlights the company's exploration efforts and financial activities. Notably, the company purchased tenements E37/1235 and E37/1417, conducted ultrafine fraction soil sampling, and identified new priority gold anomalies requiring further investigation. The report also details cash flow activities, including payments for exploration, staff costs, and administration, alongside receipts from interest and government tax incentives. Legend Mining has a reported cash balance of $10,432,000 at the end of the quarter, with an estimated 16.9 quarters of funding available based on current operations. Geophysical surveying and heritage protection agreements are also outlined as part of ongoing and future exploration plans.
Key Points
  • Purchase of tenements E37/1235 and E37/1417.
  • Identification of new gold anomalies through soil sampling.
  • Net cash decrease to $10,432,000 by end of quarter.
  • Estimated 16.9 quarters of funding available.
  • Completion of geophysical surveys and rockchip sampling.
  • Engagement in a Heritage Protection Agreement with Watarra Aboriginal Corporation.
  • Future exploration programs planned including IP surveys.
  • Detailed cash flow activities with focus on exploration and tax incentives.
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.