Legacy Iron Ore Ltd (AU:LCY) has released an update.
Legacy Iron Ore Ltd, along with its joint venture partners Hawthorn Resources Limited and Hancock Prospecting Pty Ltd, has announced a significant 10% increase in total mineral resources at the Mt Bevan Iron Ore Project, now totaling 1,290 Mt. This update follows an extensive drilling campaign and indicates promising prospects for the project’s economic viability. The upgraded resource includes an indicated resource of 380 Mt with a 33.94% Fe grade and an inferred resource of 910 Mt with a 33.35% Fe grade, both showing favorable Davis Tube Recovery (DTR) rates.
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