Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has issued an update.
Legacy Minerals Holdings Ltd. has initiated a pre-feasibility study for its Drake Epithermal Gold-Silver Project, engaging Mining Plus to update the 2020 study in light of recent mineral resource estimates. The project, which boasts significant gold and silver deposits, is undergoing various value-adding activities, including the processing of six drill holes and an airborne geophysical survey to identify new targets. These efforts aim to enhance the project’s economic viability and guide future exploration and development. The updated study is expected to be completed by April 2025, potentially impacting the company’s operations and market positioning positively.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd. operates in the mining industry, focusing on the exploration and development of gold and silver resources. The company is engaged in advancing its Drake Epithermal Gold-Silver Project in New South Wales, Australia, which includes significant gold and silver deposits.
YTD Price Performance: 25.00%
Average Trading Volume: 117,412
Technical Sentiment Signal: Sell
Current Market Cap: A$22.48M
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