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Legend Mining Limited ( (AU:LEG) ) has provided an announcement.
Legend Mining Limited has announced the completion of a high-power fixed loop electro-magnetics survey at its Magnus prospect, revealing four zones with multiple conductors, potentially enhancing its prospects for nickel-copper and other mineral exploration. The company also received a $1.77 million R&D refund, elevating its cash position to nearly $13 million, which strengthens its financial stability and supports ongoing exploration and negotiations for land access agreements crucial for future drilling programs.
More about Legend Mining Limited
Legend Mining Limited operates in the mining industry, focusing on the exploration of nickel-copper, copper-zinc-silver, and gold in the Fraser Range district of Western Australia. The company is engaged in various joint ventures and has significant projects like the Rockford Project, which covers a large area with potential for multiple mineralization styles.
YTD Price Performance: -16.67%
Average Trading Volume: 340,279
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$29.09M
For a thorough assessment of LEG stock, go to TipRanks’ Stock Analysis page.
