LGM.ASX: New Gold Discovery Confirmed with Further Drilling Assays

New Gold Discovery Confirmed with Further Drilling Assays

Stock	Legacy Minerals Holdings Ltd (LGM.ASX)
Release Time	16 Jun 2026, 9:06 a.m.
Price Sensitive	Yes

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Legacy Minerals Announces New Gold Discovery at Mascotte

Key Points

New gold discovery confirmed with assays up to 9.7g/t Au
Mineralization extends beyond current Mineral Resource
Potential to expand existing Mineral Resource
Follow-up drilling planned for higher-grade zones
Copper-gold drilling underway at Emu Prospect

Full Summary

Legacy Minerals Holdings Ltd announced the results of its maiden diamond drilling campaign at the Mascotte Prospect, part of the Mt Carrington Project in NSW. The campaign confirmed a new gold-silver discovery with assays up to 9.7g/t Au and broad mineralization. The mineralization remains open along strike and at depth, providing an opportunity to increase the existing Mineral Resource. The Company plans to conduct ground geophysics and follow-up drilling at Mascotte to target higher-grade gold and base-metal/silver zones. Additionally, drilling is occurring at the Emu Prospect for copper-gold mineralization.

Outlook

Legacy Minerals plans to conduct ground geophysics and follow-up drilling at Mascotte to target higher-grade gold and base-metal/silver zones, with drilling also occurring at the Emu Prospect for copper-gold mineralization.