Amendments Mt Carrington Scoping Study Announcement

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Stock Legacy Minerals Holdings Ltd (LGM.ASX)
Release Time 12 May 2026, 5:58 p.m.
Price Sensitive Yes
 Amendments to Mt Carrington Scoping Study Announcement
Key Points
  • Retraction of previous production target due to lack of reasonable basis
  • Revised scoping study with 71% indicated and 29% inferred mineral resources
  • Detailed updates to financial model and project timeline
Full Summary

Legacy Minerals Holdings Ltd (ASX: LGM) has released amendments to its previous Mt Carrington scoping study announcement. The company advised that the previous production target and forecast financial information did not have a reasonable basis and should not be relied upon. The amended scoping study now includes changes throughout to accommodate the ASX Listing Rules, with approximately 71% of the life of mine production target in the indicated mineral resource category and 29% in the inferred mineral resource category. The changes have been updated within the financial study, tables, and figures, presenting a revised financial model. The company has also retracted the previous RIU Presentation as it made references to the scoping study announcement. Legacy Minerals stated that investors should not rely on the RIU Presentation in making their investment decisions.