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Legacy Minerals Holdings Limited (ASX:LGM)

ALERT: Price-sensitive ASX Announcement for LGM
Current share price for LGM : $0.130 0.015 (13.04%)+
Announcement
Release
31 Jul 2026 9:58AM
Price at Release
$0.115
Full Release
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Summary
Legacy Minerals Holdings Limited reported their quarterly activities and cash flow for the period ending 30 June 2026. The company highlighted significant exploration progress, including a new gold discovery at the Mt Carrington Project with high-grade assay results. The Scoping Study for the Mt Carrington Project confirmed it as a low-cost operation with significant economic potential, leading to a pre-tax NPV of A$382 million. The company also engaged in various collaborations and agreements, including a research partnership with CSIRO and a farm-in agreement with Aurelia Metals for the Cobar Project. Financially, the company reported a negative net cash flow from operating activities of A$512,000 and a closing cash balance of A$6 million. No substantial mining production occurred during the quarter, and exploration expenditures amounted to A$1.81 million, focusing on drilling and geophysical programs.
Key Points
  • New gold discovery at Mt Carrington Project.
  • Scoping Study confirms low-cost operation with significant potential.
  • Research collaboration with CSIRO.
  • Farm-in agreement with Aurelia Metals for Cobar Project.
  • Negative net cash flow from operating activities of A$512,000.
  • Closing cash balance of A$6 million.
  • Exploration expenditures of A$1.81 million.
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.