LGM retains 100% ownership of Bauloora Gold-Silver Project
| Stock | Legacy Minerals Holdings Ltd (LGM.ASX) |
|---|---|
| Release Time | 15 Oct 2025, 9:27 a.m. |
| Price Sensitive | Yes |
LGM retains 100% ownership of Bauloora Gold-Silver Project
- Legacy Minerals has retained the Bauloora Project, a significant gold-silver epithermal project in NSW
- Legacy Minerals has also free-pegged the high-grade Mt Terrible epithermal-porphyry Au-Cu Project
- Estimated expenditure across the Bauloora and Mt Terrible Projects over the last two years totals approximately $5 million
Legacy Minerals has retained the Bauloora Project, a significant gold-silver epithermal project in NSW, after Newmont Exploration Pty Ltd opted out of a 2023 earn-in agreement. Legacy Minerals has also free-pegged the high-grade Mt Terrible epithermal-porphyry Au-Cu Project after Newmont recently relinquished the licence. Estimated expenditure across the Bauloora and Mt Terrible Projects over the last two years totals approximately $5 million, with significant target generation work completed. Legacy Minerals' focus remains on delivering value through the discovery and development of the 1.2Moz AuEq Mt Carrington Project, and the company will assess strategic opportunities to realise value from the Bauloora and Mt Terrible assets. Bauloora represents a significant discovery opportunity as one of the largest, preserved epithermal vein systems in NSW with very limited drill testing, and Legacy Minerals has identified several high-priority drill targets. Mt Terrible is prospective for high-grade epithermal vein style gold system and Cu-Au porphyry and breccia hosted mineralisation, with previous drilling highlighting zones of tourmaline shingle breccia, potassic altered intrusives and narrow vein, high-grade gold mineralisation.