The latest announcement is out from Legacy Iron Ore Ltd ( (AU:LCY) ).
Legacy Iron Ore Ltd has announced revised mineral resource estimates for its Mt Celia Gold Project, showing a total of 4.30 million tonnes at 1.84 g/t for 255,200 ounces, with a 27% increase in grade. The revision indicates a 46% decrease in the total contained gold in the Measured and Indicated category due to mining depletion. The company sees significant potential for further development and new discoveries within the project, with mineralization open at depth and potential for underground mining at Blue Peter deposits. These developments are expected to enhance the economic potential of the Mt Celia project and support Legacy Iron’s growth strategy.
More about Legacy Iron Ore Ltd
Legacy Iron Ore Limited is a Western Australian company focused on the development and discovery of iron ore, base metals, tungsten, and gold. The company aims to increase shareholder wealth through capital growth by discovering, developing, and operating profitable mining assets. Legacy Iron was listed on the Australian Securities Exchange in 2008 and has made several discoveries in iron ore and gold, which are currently undergoing drilling and resource definition.
YTD Price Performance: 10.0%
Average Trading Volume: 430,382
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$99.17M
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