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Legend Mining Limited (ASX:LEG)

ALERT: Price-sensitive ASX Announcement for LEG
Current share price for LEG : $0.009 -0.001 (-10%)+
Announcement
Release
7 Jul 2026 10:28AM
Price at Release
$0.010
Full Release
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Summary
The quarterly report from Legend Mining Limited for June 2026 highlights significant developments at various exploration sites, notably the Pyrophyllite Hill prospect, which showed promising results for gold mineralization due to extensive hydrothermal alteration and coincident geophysical anomalies. The company maintained a strong cash position with $9.7 million as of June 30, 2026, despite net cash outflows from operating and investing activities. No borrowing facilities were used during the quarter. Plans for upcoming activities include drilling programs at Pyrophyllite Hill and Alpha North, contingent on heritage clearance. The cash flow report outlines the company's financials, noting a net cash outflow from operations and continued investment in exploration activities.
Key Points
  • Pyrophyllite Hill prospect shows potential for gold mineralization.
  • Legend Mining's cash balance is $9.7 million as of June 30, 2026.
  • Company plans drilling at Pyrophyllite Hill and Alpha North.
  • Net cash outflows from operations and investments were noted.
  • No borrowings utilized in the reported quarter.
  • Heritage survey planned to proceed with drilling 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.