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Legacy Minerals Holdings Limited (ASX:LGM)

ALERT: Price-sensitive ASX Announcement for LGM
Current share price for LGM : $0.130 0.005 (4%)+
Announcement
Release
11 Aug 2026 8:18AM
Price at Release
$0.125
Full Release
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Summary
Legacy Minerals Holdings Limited has identified large and untested gold-silver targets at the Mt Carrington Project in New South Wales through ground-based geophysical surveys. The surveys revealed multiple chargeability targets, including northeast-trending resistive corridors with strong anomalies exceeding 30 mV/V. These targets are located outside the existing 1.6Moz gold-equivalent mineral resource and remain untested by previous drilling. The company is prioritizing drilling in these areas to explore these potential deposits and enhance their mineral resource base.
Key Points
  • Ground induced polarisation (IP) surveys identify large, untested chargeability targets.
  • Strongest anomalies exceed 30 mV/V, indicating potential sulphide-bearing structures.
  • Targets are located along a resistive corridor and remain untested by previous drilling.
  • Drilling is underway to explore these new targets adjacent to known gold-silver zones.
  • The identified targets could lead to significant discoveries outside the existing 1.6Moz gold-equivalent resource.
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.