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Legacy Minerals Holdings Limited (ASX:LGM)

ALERT: Price-sensitive ASX Announcement for LGM
Current share price for LGM : $0.110 -0.115 (-51.11%)+
Announcement
Release
12 Jan 2026 9:16AM
Price at Release
$0.225
Full Release
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Summary
Legacy Minerals Holdings Limited has commenced a 2,000-meter diamond drilling program at the Mascotte Silver-Gold Prospect within its flagship Mt Carrington Project in New South Wales. This drilling initiative aims to explore high-grade silver and gold targets beneath historical findings, with a focus on expanding the existing mineral resource of 115Moz Ag-Equivalent at 105g/t AgEq. The current drilling targets previously untested structural and geochemical features over a 1.3 km trend, with historical drilling being shallow and not assayed for gold. Legacy Minerals is also progressing a new Scoping Study led by Ausenco, expected to be completed in early Q1, alongside receiving final diamond drill hole assays from recent drilling at Battery. The initiative illustrates a strategic effort to unlock substantial value through both discovery and development at Mt Carrington.
Key Points
  • Commencement of 2,000m diamond drilling at Mascotte Silver-Gold Prospect.
  • Targeting high-grade silver and gold beneath historical findings.
  • Potential expansion of current mineral resources at Mt Carrington.
  • Previously shallow and limited historical drilling with no gold assays.
  • New Scoping Study by Ausenco underway, completion expected early Q1.
  • Focus on discovery and development to unlock value at Mt Carrington.
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.