An update from Legacy Iron Ore Ltd ( (AU:LCY) ) is now available.
Legacy Iron Ore Limited reported notable progress in its South Laverton Project, with successful ore sales and a new Right to Mine Agreement with Bain Global Resources, promising shared profits from mining activities. Encouraging drilling results at the Blue Peter deposit indicate significant gold mineralization, enhancing the company’s resource potential. Additionally, the Mount Bevan Project saw advancements with a mining lease application and infrastructure plans, reinforcing Legacy Iron’s strategic growth in the mining sector.
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. Listed on the Australian Securities Exchange since 2008, the company has made significant discoveries in iron ore, manganese, and gold, currently undergoing drilling and resource definition. Key projects include the Mount Bevan Iron Ore Project, South Laverton Gold Project, and the East Kimberley Gold, Base Metals, and REE Project.
Average Trading Volume: 443,570
Technical Sentiment Signal: Buy
Current Market Cap: A$89.26M
For a thorough assessment of LCY stock, go to TipRanks’ Stock Analysis page.