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Legacy Minerals Holdings Limited (ASX:LGM)

ALERT: Price-sensitive ASX Announcement for LGM
Current share price for LGM : $0.130 0.03 (30%)+
Announcement
Release
1 Jul 2026 8:20AM
Price at Release
$0.100
Full Release
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Summary
Legacy Minerals Holdings Limited is updating its Mineral Resource Estimate (MRE) for the Mt Carrington Project in New South Wales, Australia. The update is led by WSP Global Inc. and aims to incorporate new data and assumptions to increase resource confidence and potentially expand the resource size. This includes new density data, drilling results, and insights from the Ausenco Study. The current resource contains 1.2 million ounces of gold equivalent, and the update will include previously unincorporated high-grade silver and copper drill results. The update is expected to move resources from Inferred to Indicated categories, with a new MRE expected within four weeks.
Key Points
  • Legacy Minerals Holdings Limited has commenced an update to the Mineral Resource Estimate (MRE) for the Mt Carrington Project.
  • Leading global advisory firm WSP has been appointed to lead the update.
  • The update aims to incorporate new density data sets, drilling results, and updated assumptions from the Ausenco Study.
  • The current Mt Carrington MRE contains 1.2 million ounces of gold equivalent.
  • The updated MRE will include high-grade silver and copper drill results.
  • The work includes updated SG density measurements and revised economic assumptions.
  • A new MRE at Mt Carrington is expected within four weeks.
  • Drilling at the Emu Prospect is underway with results expected shortly.
  • The update seeks to move resources from Inferred to Indicated categories.
  • The project aims to increase the resource confidence and potentially expand the resource size.
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.