Quarterly Activities and Cash Flow Reports 31 December 2025
Released
Released
Announcement PDF
Page 1 of 17 | ABN 43 650 398 897
3/202 Russell Street Bathurst, 2795
www.legacyminerals.com.au
ASX: LGM
December 2025 Quarterly Report
Exploration continues at Mt Carrington with an expanded 2026 Scoping Study imminent:
Farm-in JV option agreement secured with Rio Tinto for Thomson Project
Highlights
Mt Carrington Project (LGM: 100%)
• Ausenco Pty Ltd (Ausenco) engaged to complete an Expanded Stage 2 Scoping Study (Gold &
Critical Minerals) for Mt Carrington following a positive Metallurgical Bridging Study in 2025i
.
• The fundamental differences in the expanded 2026 Scoping Study are:
o Evaluation of the entire 115Moz AgEq Mt Carrington Resourceii
as the 2025 Scoping Study
only evaluated 0.2Moz Auiii
and none of the silver ounces present in the resource; and
o Evaluation of flotation processing to maximise recoveries from polymetallic deposits.
• High-grade gold mineralisation confirmed at Mascotte Prospect, with rock chip samples
confirming gold-silver along trendiv
:
o 11.2g/t Au, 42.6g/t Ag and 1.2% Zn and 7.2g/t Au and 26.2g/t Ag
• Drilling approvals received, allowing for up to 8 holes,4,000m of diamond drilling at Mascottev
.
• New silver targets identified at the White Rock Prospect from reprocessed historical IP survey
data. These zones, which sit outside the current Mineral Resource, have never been drill-tested,
and approval is in place for 3,500 metres of drillingv
.
• Drilling completed at the Battery Prospect, with assay results expected in late January 2026.
Thomson Project (LGM: 100%)
• Farm-in and joint venture option agreement signed with Rio Tinto Exploration Pty Limited (RTX)
under which RTX may earn up to an 80% joint venture interest in the Thomson Project by sole
funding up to $25 million of staged explorationvi
.
Generative Projects
• Review of historical work from the NiCo Young Project has identified a JORC 2004 scandium (Sc)
resource at the Project, which has not been incorporated into the latest resource. Further work is
planned to determine whether any discrete, near-surface resources can be reportedvii
.
• Non-binding ‘Memorandum of Understanding’ signed with Cobalt Blue Holdings (ASX: COB) to
evaluate strategic options for cobalt and the NiCo Young Projectvii
.
• Legacy Minerals has returned to 100% ownership of the Bauloora and Central Cobar Projects and
has also secured the Mt Terrible Gold-Copper Project in NSWviii
.
Strong Cash Position
• Two grants awarded under the ‘Critical Minerals and High-Tech Exploration Program’ initiative of
the NSW Government's Critical Minerals Strategy 2024-2025 for $53,000ix
.
• Cash at the December 25 Quarter end was $5.3M.
1 See ‘Endnotes’ on Page 17 for reference
ASX Announcement
21 January 2026
Page 2 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
Management comment Legacy Minerals CEO & Managing Director, Christopher Byrne said:
“The December Quarter marked another busy and productive period for Legacy Minerals, with strong
progress achieved at our flagship Mt Carrington Project in NSW and a partnership secured with global
major Rio Tinto at our Thomson Project.
At Mt Carrington, we have adopted a dual-track approach to unlock the Project’s substantial value,
through both discovery and development. We made significant progress on both fronts during the
quarter, with the engagement of Ausenco to complete an expanded Stage 2 Scoping Study. This
represents a major step-change for the Project, as we move to evaluate the full 115Moz silver-
equivalent resource and unlock value across both precious and critical metals through flotation-based
processing. The 2026 Scoping Study is on track for completion Q1 2026.
In parallel, we are pursuing discovery-driven upside through targeted drilling at prospects such as
Battery, Mascotte, and White Rock. During the quarter, high-grade surface results from Mascotte and
the identification of new, drill-ready targets at White Rock continue to reinforce the scale and quality
of this mineral district.
Drilling approvals are now in place at Mascotte and White Rock, and a 2,000m diamond drilling
program commenced this week at Mascotte, targeting beneath historical high-grade silver results as
well as testing new structural and geochemical targets. A focused drill program was completed at the
Battery Prospect, with assay results expected in January 2026.
At the Thomson Project, the farm-in and joint venture option agreement secured with Rio Tinto during
the quarter represents a strong validation of the geological potential of this underexplored belt-scale
opportunity and is an exciting development. Rio Tinto’s commitment to fund up to $25 million of
exploration materially de-risks the Project for Legacy shareholders while preserving significant upside
exposure.
The Rio Tinto agreement also demonstrates the Company’s ability to identify, secure and execute on
clear strategic goals. Across our broader generative portfolio, the identification of previously reported
scandium mineralisation at NiCo Young, together with new project acquisitions and the return to 100%
ownership of several key assets, further strengthens our pipeline of discovery and development
opportunities.
With assay results expected from Battery, the expanded Stage 2 Scoping Study due for completion
shortly and drilling underway at Mascotte, Legacy Minerals has started the New Year with
considerable momentum. Against the backdrop of record metal prices, the Company is exceptionally
well positioned for sustained exploration news flow into the March Quarter and beyond.”
Mt Carrington Project
The Mt Carrington Project sits within the highly prospective New England Fold Belt (NEFB). It is one of
several epithermal gold, silver and base metal districts that formed along the Australian east coast
during the Permian age as back-arc extensional volcanic basins. Several significant mines and deposits
occur within the NEFB, including the Hillgrove Mine (1.7Moz AuEq @ 7.4g/t AuEqx
), Cracow gold mine,
Mt Carlton gold mine, Mt Rawdon gold mine, and Mt Morgan.
Surface Geochemical Samplingiv
Legacy Minerals completed reconnaissance rock chip sampling and systematic soil geochemical
Page 3 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
sampling programs across the Mt Carrington Project during the quarter, with initial results confirming
the presence of high-grade gold mineralisation at the Mascotte Prospect.
Furthermore, the Legacy Minerals field team completed a soil sampling geochemical survey, consisting
of 398 samples across the Battery Prospect and 271 samples at the Mascotte prospect.
The soil sampling programs were completed on a 100m x 50m grid, locally in-filled to 50m x 50m
covering a total area of ~2km2
. Most samples are interpreted as representing residual soils and were
nominally collected from the B soil horizon at depths between 0.1m and 0.4m.
Laboratory assays reported from ALS Orange and Brisbane were analysed for 53 elements. Low-
sulphidation epithermal-style Au-Ag and porphyry-related copper-gold deposits typically have distinct
geochemical pathfinder element signatures that provide insight to the depth of erosion and
preservation level of the system.
The soil sampling results have delineated extensive zones of elevated Au, Cu and Ag as well as other
pathfinder elements including Sb, As, Hg, Pb, Te and Zn. The results returned multiple areas of
anomalous Au-Ag and/or pathfinder element associations interpreted to reflect mineralised veins,
breccia and alteration.
At the Battery Prospect, the soil sample assay results highlighted the margins of the mapped breccia
target as priority targets for gold and copper mineralisation which are to be tested immediately. The
soil sampling results have delineated extensive zones of elevated Cu and As with spotty elevated gold
results as well as other pathfinder elements including Sb, Bi, W and Te.
Rock chip assay results at the Mascotte prospect confirm gold-silver mineralisation reporting grades
up to 11.2g/t Au, 222g/t Ag, 0.8% Cu and 1.2% Zn in low-sulphidation epithermal style veinsiv
. Gold
mineralisation is associated with breccia and banded quartz-carbonate-hematite-pyrite +/- base metal
veins. The veins are hosted within coherent porphyry andesitic volcanic rocks of the Drake Volcanics.
Battery Prospect Overviewiv
The area is characterised by a distinct magnetic feature indicative of an intrusive body associated with
the interpreted Lunatic Field Porphyry high-resistivity core. A 3.4km diameter volcanic centre defines
this target and is also a potential breccia pipe.
Historical reports from CRA Exploration in 1992 highlighted the area of anomalous quartz and limonite
staining and reconnaissance holes identified a mafic intrusive breccia that contained intensely
stockwork quartz-veined and altered volcanic clasts, consistent with an epithermal-porphyry style of
veining. The target is manifest in the airborne MobileMT survey results, as a zone of elevated
conductivity zone.
Phase 1 drilling was completed at the Battery Prospect during the December 2025 Quarter to test the
zones proximal to the breccia contact and elevated Cu-As soil anomalism, with assay results expected
to be reported in late-January 2026.
Page 4 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
Figure 1: Battery Prospect showing copper soil anomalism and Phase 1 proposed drilling.
Figure 2. Mobile MT Resistivity 2D Inversion Section for Line 2290 and new areas of interest (yellow marker)
with interpretation of MT features
Page 5 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
Mascotte Prospect Overviewiv
This Prospect is defined by an area of significant historical workings that has minimal historical figures
on past production. Ground truthing has indicated that the primary trend is approximately 1.3km in
strike, with several potential parallel mineralised structures that were mined for silver and gold with
elevated copper and zinc mineralisation. Silica alteration has been mapped across an area of ~2km2
bounding the workings on the south-eastern edge, as well as a 400m long zone of increased
chalcedony and jasperoidal silica associated with workings in the central portion of the Mascotte
trend. Recently completed Airborne Mobile-MT has identified a district conductivity lineament
trending northeast and is broadly associated with known mineralisation and historical workings. This
lineament is consistent in the depth profile of the Mobile-MT data and provides encouragement for
the scale and depth extent potential of the Prospect.
Historical drilling on the Prospect includes drilling by Mount Carrington Mines, which drilled 18
percussion holes below the northern workings during 1969-70. Eight of these holes intersected
elevated silver mineralisation with a best intersection of 18.3m at 237g/t Ag, including 9m at 394g/t
Ag from 3m in hole PDMS5A. Aberfoyle drilled four shallow percussion drill holes in 1983 at the
northern workings and although they intercepted anomalous silver, no further work was completed.
4,000m of diamond drilling is planned at the Mascotte Prospect for early Q1 2026, targeting these
historical drill results.
Figure 3. Mascotte prospect plan view showing recent rock chip gold assay results, planned drilling and known
historical workings
Page 6 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
Induced Polarisation Survey Data Reviewv
Planetary Geophysics Pty Ltd completed six pole-dipole IP lines using 50m dipole stations across the
White Rock Prospect in 2009. While the initial 2009 IP/resistivity 2D and 3D data modelling highlighted
an annular-shaped zone of high chargeability at White Rock, historical drilling was found to be mostly
focused on a zone of lower resistivity. Drilling across the White Rock Prospects has delivered results
included; 37.1m at 422g/t Ag, 0.2g/t Au, 1.5% Pb+Zn from 0m (PWR128) and PWR121, which returned
1.5m at 3,050g/t Ag from 23m.
During 2025, Legacy Minerals engaged Mitre Geophysics to complete further 2D and 3D IP data
inversion modelling of the 2009 survey. This process resulted in higher resolution data which has
allowed the identification of numerous zones of high chargeability (>16mV/V) outside the current
Resource and zones of anomalous resistivity that are untested by modern drilling.
Figure 4. Newly modelled IP at White Rock showing untested zones of chargeability
Figure 5. White Rock line 99900N resistivity and conductivity DPIP line north the 18Moz AqEq White Rock
Resource
Page 7 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
Figure 6. White Rock line 99800N resistivity and conductivity DPIP line over the 18Moz AqEq White Rock
Resource
As these zones sit outside the current resource and have never been drill-tested, they present
significant opportunities to expand the known resource across the Mt Carrington Project. Approval
has been given for a further 3,500 metres of drilling at the White Rock Prospect.
Metallurgical Bridging Studyi
Ausenco, a global leader in engineering, consulting, and project delivery, was engaged during the
December 2025 Quarter to assess the potential processing strategies for the Mt Carrington Project to
inform a detailed evaluation of short-listed options as part of a 2026 Scoping Study.
It was clearly recognised that processing methods which maximise metallurgical recovery of both
precious metals with reasonable payability are a key enabler to unlock revenue from the silver-
dominant deposits.
Utilising flotation to produce a precious metal concentrate is expected to facilitate the exploitation of
both the gold-dominant and silver-dominant deposits, which will maximise Project revenue. The
flotation process also offers flexibility to adjust plant configuration and operating parameters to suit
the requirements of the various deposits.
The next phase of study is intended to further define an integrated mine-mill strategy for the Project,
including consideration of deposit sequencing. An integrated strategy will be critical to maximising the
revenue potential of the Mt Carrington Resource using a flotation process.
Recommendations from the study include further flotation test work, including 3-stage dilution testing
to simulate Jameson cell performance. The objective would be to investigate the potential to improve
recovery from fine and ultrafine size fractions. Furthermore, Ausenco recommends completing Bond
Ball and Crushing work index, SMC and Abrasion tests on all resources under investigation.
The next phase of the Scoping Study should define an integrated mine-mill strategy for the Project,
including consideration of deposit sequencing. An integrated strategy will be critical to maximising the
revenue potential of the Mt Carrington resource using a flotation process.
Page 8 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
Expanded Gold & Critical Minerals, 2026 Scoping Studyi
Ausenco has also been engaged to complete an Expanded 2026 Scoping Study (Gold & Critical
Minerals) for the Mt Carrington Project. This follows on from the positive Stage 1 Study (Gold only)
and Metallurgical Bridging Study.
The 2025 Scoping Studyiii
for the Mt Carrington Project evaluated only 0.2 million ounces (Moz) of gold
from the total 115Moz AgEqii
Mineral Resource Estimate defined in 2025.
The Stage 2 Scoping Study is expected to be completed in the first quarter of 2026, and its key activities
include conducting a strategic review and becoming familiar with the MRE; performing preliminary pit
shell optimization and conceptual open-pit design; managing waste and ore stockpiles; creating a
high-level mine schedule and estimating life-of-mine factors; process plant design including
metallurgical testwork, processing options and the engineering outputs (for preferred processing
flowsheet planning the site layout and infrastructure design; estimating capital expenditure and
operational expenditure for mining and processing operations; developing a risk register and
identifying uncertainties associated with the Project; and making recommendations for next steps and
potential opportunities for enhancement.
The main objectives of the Expanded 2026 Scoping Study are to integrate mining and processing into
a cohesive scoping study, identify the most profitable configuration for the processing plant and
product strategy, develop a standalone financial model that incorporates outcomes from both mining
and processing, and define the steps necessary to advance the Project to a more detailed engineering
phase.
Future work program
Ongoing programs of work across the Project include:
1. Discovery drilling: drilling to explore new greenfield epithermal-porphyry discoveries within
the Drake Caldera, including Battery, Emu and Mascotte.
2. Resource extension assessment: Test the brownfield targets at depth and along strike of high-
grade gold, silver, and copper zones that offer the potential for further substantial resource
growth.
3. Increase resource confidence: by confirming and infilling historical drill results within the
existing Inferred Resources.
4. Study Work: complete the Stage 2 Scoping Study to assess the full 1.2Moz AuEq Resource,
with the aim of increasing confidence in the viability of the Project and highlighting the value
in exploration opportunities.
Thomson Project
Located west of Bourke, the Thomson Project covers 5,500km2
of tenure securing a belt-scale
exploration opportunity for Legacy Minerals shareholders.
Rio Tinto Farm-in Agreementvi
On 13 October 2025, Legacy Minerals entered into a farm-in and joint venture option agreement
(Option Agreement) with Rio Tinto Exploration Pty Limited (RTX), a wholly-owned subsidiary of Rio
Tinto Ltd (Rio Tinto) (ASX: RIO, LSE: RIO), pursuant to which RTX may earn up to a 80% joint venture
(JV) interest in the Company’s Thomson Project by sole funding up to $25 million of staged exploration.
The Thomson Project represents a tenement holding in one of the most unexplored geological terrains
Page 9 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
in Australia and is one of the largest tenement holdings in NSW.
The Project shares similar characteristics with other major Intrusion Related Copper Gold (IRCG)
districts, such as the Paterson Province in WA, where recent major IRCG discoveries have been made
at Winu (3Mt Cu, 8Moz Au, 52Moz Ag0F
xi
) and Havieron (7Moz Au, 0.3Mt Cu1F
xii
).
Extensive hydrothermal alteration and mineralisation have been observed in drill core at geophysical
anomalies across the Thomson Project, supporting the potential of the district to host a large IRCG
system.
Rio Tinto is one of the world’s largest multi-national diversified miners with a market capitalisation of
over US$100 billion. Rio Tinto has extensive and unique experience in the exploration for IRCG
deposits through its successful discovery and ongoing development of the Winu deposit in 2017.
Summary of the Deal Terms
• RTX will have the option to farm-in by funding a minimum of $400k of exploration within 6
months and making a $50k cash payment to LGM.
• Upon exercising the option to farm-in, RTX can earn an initial 75% JV interest by sole funding
$5 million of exploration within 5 years, including a minimum of 3,000m of drilling.
• RTX can then elect to earn an additional 5% interest (to 80%) by sole funding a further $20
million of exploration within a further 5 years, including at least 7,000m of drilling or the
definition of a JORC Code compliant Mineral Resource with at least 0.5Mt of contained copper
(or copper-equivalent).
Full details of the Option and Farm-in Agreement are available from the Company’s ASX
Announcement dated 13 October 2025.
Generative Projects
NiCo Young Project
Scandium Potentialvii
During the December 2025 Quarter, a review of historical work from the NiCo Young Project identified
a JORC 2004 scandium (Sc) resource that was declared on the Project in 2011, which has not been
incorporated into the latest resource.
Significant Ni-Co-Sc deposits in the Lachlan Fold Belt include the Sunrise and Syerston Deposits
(Sunrise Energy Metals Limited, ASX: SRL), which host a global resource of 19,007t of scandium.
Next steps at NiCo Young include a detailed literature review, dedicated assaying for Sc in the deposit,
potential metallurgical leach tests, and a scandium domaining study to see if any discrete, near-surface
resources could be reported.
MOU with Cobalt Bluevii
Legacy Minerals also entered a non-binding, three-year term ‘Memorandum of Understanding’ with
Cobalt Blue.
Cobalt Blue own the Broken Hill Cobalt Project and are planning to construct and operate the new
Kwinana Cobalt Refinery in East Rockingham, Western Australia. The refinery is intended to be
developed as a joint venture between COB (70%) and Iwatani Australia Pty Limited (30%).
Page 10 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
Under the MoU, Legacy Minerals and Cobalt Blue will consider and evaluate strategic options for
cobalt and other products which may be extracted from the NiCo Young Project.
Bauloora Projectviii
Legacy Minerals has retained the Bauloora Project, a significant gold-silver epithermal project in NSW,
after Newmont Exploration Pty Ltd, a wholly owned subsidiary of Newmont Corporation, opted out of
a 2023 earn-in agreement with Legacy Minerals. This means that Legacy retains full ownership of the
Bauloora Project.
Legacy Minerals believes Bauloora represents a significant discovery opportunity as one of the largest,
preserved epithermal vein systems in NSW with very limited drill testing, including several high-
priority drill targets that were not drill tested during Newmont’s earn-in period, including the Mt
Felstead and Bluecap Prospects.
Central Cobar Projectxiii
During the December 2025 Quarter, Legacy received a formal notice of withdrawal by Helix Resources
Limited (ASX: HLX) from the Company’s Central Cobar Farm-In.
This means that Legacy retains full ownership of the Central Cobar Project. Under the terms of the
agreement, entered by Helix Resources Limited, all exploration data and results generated under the
Farm-In revert to Legacy Minerals.
This outcome provides an exciting opportunity for the Company within the highly prospective Cobar
Basin at a time of significant development and discovery in the region.
Mt Terrible Projectxiv
During the December 2025 Quarter, Legacy Minerals free-pegged the high-grade Mt Terrible
epithermal-porphyry Au-Cu Project in NSW after Newmont recently relinquished the licence.
Mt Terrible is one of the largest known intrusive complexes in the New England Orogen. Gold-copper
bearing tourmaline breccias and potassic altered hornblende-feldspar porphyry intrusive with
potential porphyry B-veins and M-veins have been logged in historical drill core adjacent to high-grade
epithermal veins.
The Company is of the opinion that there is compelling potential for the discovery of a high-grade
epithermal vein style gold system and Cu-Au porphyry and breccia hosted mineralisation. Use of
airborne electrical geophysics and other unused ground geophysical techniques may provide a
‘breakthrough’ in geological understanding and targeting implications.
Gold was discovered at Mt Terrible in 1992, with no significant drilling undertaken since 2007. Mt
Terrible was last held by Newmont. Legacy Minerals is only the third holder of the Project, with the
potential opportunity for new discoveries through the application of modern exploration
technologies.
Previous drilling intercepts from the Mt Terrible Project include:
Silicon Valley Prospect (breccia and porphyry)
• 2m at 33.3g/t Au and 68g/t Ag from 102m (SVRP6)
• 2m at 1.5g/t Au from 142m (SVRP1)
Page 11 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
Hillside Prospect (Low Sulphidation Epithermal)
• 3m at 8.7g/t Au from 15m (RHPD 50), including:
o 1m at 16.4g/t Au from 16m
• 14m at 4.1g/t Au from 190m (RHDDH 12), including:
o 0.3m at 160g/t Au and 258g/t Ag from 191.1m (RHDDH 12)
• 3m at 4.2g/t Au from 99m (RHPD 9)
• 4.05m at 5.53g/t Au from 58m (RHDDH 4)
Exploration Activities on other Projects
No exploration was reported for the remaining Legacy Minerals projects in this quarter.
Corporate
Critical Minerals Grants from NSW Governmentix
Legacy Minerals has been awarded two grants under the NSW Government’s Critical Minerals & High-
Tech Metals Exploration Program for geochemistry at its Thomson Project (EL9728, EL9194, EL9190)
and geophysics on its Rockley Project (EL8926).
The grants provide $53,000 in matched funding, delivering non-dilutive co-investment with Legacy
Minerals to help find the next major critical minerals project.
Finance
At the end of the quarter, the Company had $5.3M cash at bank.
ASX Additional Information
Exploration and evaluation expenditures and licence fees during the quarter totalled $891,000. This
included $238,000 for drilling and drilling ancillary costs, $190,000 for geophysical programs, $117,000
for geochemistry programs, $10,000 for land access and compensation, $22,000 for license fees, and
$314,000 for other costs, including ancillary costs, salaries, and subcontractors. Full details of
exploration activity during the quarter are set out in this Report.
There were no substantive mining production and development activities during the quarter.
Payments to related parties of the Company and their associates during the quarter totalled $209,000
for salaries, superannuation and director’s fees.
ASX Market Sensitive Announcements
• 10 October 2025 High-grade Gold Potential Confirmed at Mascotte and Drilling
Commenced at Battery Prospect, Mt Carrington
• 10 October 2025 Central Cobar Farm-In Update
• 13 October 2025 Rio Tinto Option Agreement to Farm-in to the Thomson Project
• 14 October 2025 NiCo Young Scandium Review and Memorandum of Understanding
Signed
Page 12 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
• 15 Oct 2025 LGM retains 100% ownership of the Bauloora Gold-Silver Project
• 22 Oct 2025 LGM awarded Two Critical Minerals Grants by the NSW Government
• 19 November 2025 New Scoping Study underway after positive Metallurgical Study
completed at Mt Carrington
• 11 December 2025 New Silver Targets and Drill Approvals at Mt Carrington
Tenement Register
During the quarter, the Company entered into an option agreement with Rio Tinto Exploration Pty Ltd
on the Thomson Project; a Memorandum of Understanding with Cobalt Blue Pty Ltd on the NiCo Young
Project; Newmont Exploration Pty Ltd withdrew from the earn-in agreement at Bauloora; S2
Resources Pty Ltd withdrew from the earn-in agreement at Glenlogan; and Helix Pty Ltd withdrew
from the earn-in agreement at Cobar. Earth Ai satisfied the earn-in agreement at Fontenoy to earn
51% of the Fontenoy Project.
Table 1: Tenement
Tenement Number Status Interest at Start of Quarter Interest at End of Quarter
Harden EL9657 Live 100% 100%, earn-in with Hilltops Gold
Bauloora EL8994 Live 100%, earn-in with Newmont 100% (Newmont withdrawal
from earn-in)
Bauloora EL9464 Live 100%, earn-in with Newmont 100% (Newmont withdrawal
from earn-in)
Black Range EL9466 Live 100% 100%
Black Range EL9589 Live 100% 100%
Cobar EL9511 Live 100%, earn-in with Helix 100% (Helix withdrawal from
earn-in)
Glenlogan EL9614 Live 100%, earn-in with S2 Resources 100% (S2 Resources withdrawal
from earn-in)
Drake EL6273 Live 100% 100%
Drake EL9616 Live 100% 100%
Drake EL9727 Live 100% 100%
Drake ALA75 Application None, subject to approval None, subject to approval
Fontenoy EL8995 Live 100%, earn-in with Earth AI 49%, Joint Venture with Earth Ai
Fontenoy EL9658 Live 100% 100%
Thomson EL9728 Live 100% 100% (Rio Tinto option
agreement)
Thomson EL9194 Live 100% 100% (Rio Tinto option
agreement)
Thomson EL9190 Live 100% 100% (Rio Tinto option
agreement)
Rockley EL8296 Live 100% 100%
NiCo Young EL9804 Live 100% 100%, MoU with Cobalt Blue
Mt Terrible EL9796 Live 100% 100%
Page 13 of 17
ASX: LGM
SIGN UP TO LEGACY MINERALS’
INTERACTIVE INVESTOR HUB
Approved by the Board of Legacy Minerals Holdings Limited.
For more information:
Investors:
Chris Byrne
CEO & Managing Director
chris.byrne@legacyminerals.com.au
+61 (0) 499 527 547
Media:
Nicholas Read
Read Corporate
nicholas@readcorporate.com.au
+61 (0) 419 929 046
DISCLAIMER AND PREVIOUSLY REPORTED INFORMATION
Information in this announcement is extracted from reports lodged as market announcements referred to above and
available on the Company’s website https://legacyminerals.com.au/. The Company confirms that it is not aware of any new
information that materially affects the information included in the original market announcement and that all material
assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply
and have not materially changed.
This announcement contains certain forward-looking statements. Forward looking statements are only predictions and are
subject to risks, uncertainties and assumptions which are outside of the control of Legacy Minerals Holdings Limited (LGM).
These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market
conditions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay, approvals and
cost estimates. Actual values, results or events may be materially different to those contained in this announcement. Given
these uncertainties, readers are cautioned not to place reliance on forward-looking statements. Any forward-looking
statements in this announcement reflect the views of LGM only at the date of this announcement. Subject to any continuing
obligations under applicable laws and ASX Listing Rules, LGM does not undertake any obligation to update or revise any
information or any of the forward-looking statements in this announcement to reflect changes
Share your feedback
Discover