New Scandium Resource Underway at NiCo Young NSW

Key points

• Legacy Minerals engages WSP for an updated MRE for NiCo Young.
• The updated MRE will include scandium for the first time.
• Current Inferred Mineral Resource stands at 167.8Mt with 0.59% Ni and 0.06% Co.
• Scandium assessment expected to be completed in October 2026.

Full summary

Legacy Minerals Holdings Limited (ASX: LGM) has engaged WSP Australia Pty Limited to prepare an updated Mineral Resource Estimate (MRE) for its 100%-owned NiCo Young Nickel-Cobalt-Scandium (Ni-Co-Sc) Project in central New South Wales. The updated MRE will assess the potential to report scandium alongside nickel and cobalt for the first time. The current Inferred Mineral Resource is 167.8 million tonnes at 0.59% nickel and 0.06% cobalt. The Company expects to report the updated Ni-Co-Sc Mineral Resource in October 2026.