New Silver Targets and Drill Approvals at Mt Carrington

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Stock Legacy Minerals Holdings Ltd (LGM.ASX)
Release Time 11 Dec 2025, 8:53 a.m.
Price Sensitive Yes
 New Silver Targets and Drill Approvals at Mt Carrington
Key Points
  • New chargeability and resistivity zones identified, possibly indicating sulphides and silica alteration
  • Approval for 3,500m of additional drilling at the White Rock Prospect to test new targets
  • Ongoing drilling at the Battery and Mascotte Prospects targeting extensions to known mineralization
Full Summary

Legacy Minerals has identified significant new extensional silver targets sitting immediately outside the current Mineral Resource at its Mt Carrington Gold, Silver, and Critical Minerals Project in NSW, with drilling approvals also received to test the new target areas. Recent geophysical interpretation has highlighted a series of new targets around the known White Rock Resource, which is open along strike and at depth. These targets appear to coincide with, or along the contacts of, high-chargeable zones -- areas that largely remain untested by drilling and represent an exceptional opportunity to expand the scale of the silver system at Mt Carrington. This work is progressing alongside the drilling currently underway at the Battery Prospect and the planned program at the Mascotte Prospect, where the company continues to target extensions to known mineralisation and newly defined structural trends. Together, these programs reflect the growing momentum behind Legacy Minerals' discovery efforts at Mt Carrington, supported by historically reported high-grade silver intercepts. In parallel, the expanded Ausenco Scoping Study is progressing well, representing the second pillar of the company's dual-track strategy: advancing the development opportunity at Mt Carrington while simultaneously unlocking discoveries through targeted drilling.

Guidance

The Resource at Mt Carrington, represented as a silver equivalent resource, is 115Moz AgEq at 105g/t AgEq.

Outlook

Legacy Minerals is focused on discovery drilling and the development of the Mt Carrington Project, which presents significant opportunities for shareholders.