Legacy Iron Ore Ltd (AU:LCY) has released an update.
Legacy Iron Ore Ltd, partnering with Hawthorn Resources Limited and Hancock Magnetite Holdings, has initiated a comprehensive drilling program at the Mt Bevan Joint Venture tenement, targeting lithium, caesium, and tantalum deposits. The venture, which capitalizes on the region’s emerging status as an LCT pegmatite corridor, could see Hancock increase its stake to 51% if further exploration, backed by a potential $17m investment, is successful. This development follows a similar joint venture arrangement focused on iron ore on the same tenement.
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