Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Legacy Minerals Holdings Ltd (LGM.ASX) |
|---|---|
| Release Time | 31 Jul 2026, 9:58 a.m. |
| Price Sensitive | Yes |
Legacy Minerals Quarterly Activities Report
- New Mineral Resource Estimate released post-quarter
- Mt Carrington Project confirmed for long-life, stand-alone operation
- New gold-silver system discovered at Mascotte
- Research collaboration with CSIRO to advance mineralogical studies
- Binding farm-in agreement with Aurelia Metals for Cobar Project
Legacy Minerals Holdings Ltd. reported strong economic validation for the Mt Carrington Project with a new Mineral Resource Estimate and promising drilling results at Mascotte. The Mt Carrington Project is positioned for a low-cost, first-quartile all-in sustaining cost operation with a pre-tax NPV of A$514M and an IRR of 38%. The Mascotte drilling program confirmed a new gold-silver system outside the current Mineral Resource, with assay results including broad intercepts such as 40m at 1.0g/t Au. The company has also secured a research collaboration agreement with the CSIRO to advance mineralogical studies at Mt Carrington. Additionally, a binding farm-in agreement with Aurelia Metals over the Cobar Project was signed, and the McMahons Reef Prospect at the Harden Project commenced drilling under an earn-in agreement with Hilltops Gold Pty Ltd.