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Legend Mining Limited (ASX:LEG)

ALERT: Price-sensitive ASX Announcement for LEG
Current share price for LEG : $0.009 -0.002 (-15%)+
Announcement
Release
16 Feb 2026 8:16AM
Price at Release
$0.010
Full Release
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Summary
Legend Mining Limited has identified new gold potential at the Pinnacle Well Project, located near Leonora, Western Australia. Recent geophysical surveys at Pyrophyllite Hill have highlighted a significant drill target for potential gold mineralisation, supported by rockchip assays that confirm the presence of industrial mineral pyrophyllite. The project area is considered promising for both intrusion-related and structurally-controlled gold deposits. Legend plans to integrate geophysical and geochemical data to design drill programs, while also assessing the industrial mineral potential of pyrophyllite, though their primary focus remains on gold exploration.
Key Points
  • Geophysical surveys at Pyrophyllite Hill identified a coincident chargeable and resistive feature representing a drill target for potential gold mineralisation.
  • Rockchip assay results confirmed the presence of the industrial mineral pyrophyllite.
  • The Pinnacle Well Project is located 25 km NNE of Leonora, Western Australia.
  • The project is prospective for both intrusion-related and structurally-controlled gold mineralisation.
  • GAIP and PDIP geophysical surveys were employed to assess the gold potential.
  • A strong chargeable feature on PDIP Line 1 is considered a priority target and will be assessed further with the aim of designing follow up drilling.
  • The industrial mineral potential of the pyrophyllite is being investigated, although the focus remains on gold potential.
  • Legend acquired a 100% interest in exploration licences E37/1246 and E37/1548 in 2025.
  • The Pyrophyllite Hill area is considered prospective to host significant gold mineralisation.
  • Future plans include integrating geophysical and geochemical data to design drillholes.
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.