InvestSMART

Legacy Minerals Holdings Limited (ASX:LGM)

ALERT: Price-sensitive ASX Announcement for LGM
Current share price for LGM : $0.105 -0.09 (-46.15%)+
Announcement
Release
11 Dec 2025 8:53AM
Price at Release
$0.195
Full Release
download
Summary
Legacy Minerals Holdings Limited has announced new silver targets and received drill approvals at the Mt Carrington Gold, Silver, and Critical Minerals Project in New South Wales, Australia. The project currently hosts a silver equivalent resource of 115 million ounces. With the silver and gold prices at a peak, the company views the approval for an additional 3,500 meters of drilling at the White Rock Prospect as a significant step towards expanding their resource base. New chargeability and resistivity zones were identified from a reprocessed 2009 Induced Polarisation survey, indicating potential sulphides and silica alteration. These zones are outside the current resource and have not been drill-tested, offering new opportunities for resource expansion. Drilling is underway at various prospects within the project, with results expected in early 2026.
Key Points
  • New silver targets identified and drill approvals received at Mt Carrington.
  • 115Moz AgEq silver equivalent resource currently at the project.
  • New chargeability and resistivity zones identified from reprocessed survey data.
  • 3,500 meters of additional drilling approved at White Rock Prospect.
  • Significant potential for expanding the project's resource base.
  • Ongoing drilling and assay results expected in early 2026.
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.