LGM - Legacy Minerals Holdings

[System]

Legacy Minerals has been involved in the acquisition and exploration of gold and copper projects in the prospective New South Wales (NSW) Lachlan Fold Belt (LFB) since 2017. The Company wholly owns 864 km2 of granted and pending exploration licence applications in the LFB spanning five projects. The LFB, also known as the Lachlan Orogen, is a region considered to be a premier exploration and mining district and home to one of the largest gold mines in Australia, Cadia Valley NSW (Newcrest).

Legacy Minerals has a straightforward exploration strategy: to drill and develop a pipeline of prospective targets for gold and copper mineralisation. The work conducted on the tenements has defined drill ready prospects across the Legacy Minerals portfolio. The funds raised from the IPO will be used to target their potential prospectivity through 20,000m of drilling planned over the next two years.

Legacy Minerals’ projects contain numerous untested geochemical, geophysical and geological targets. These afford the Company multiple opportunities for gold and copper discoveries; commodities which are currently enjoying favourable market conditions. Highlights of the projects include:

• drill-ready targets that provide immediate opportunities for gold and copper discoveries;
• projects with a prime position in the LFB targeting porphyry-related Cu-Au, Cobar-type, and low sulphidation epithermal-style systems; and
• high grade and shallow exploration targets that present an opportunity for near term resource definition.

It is anticipated that LGM will list on the ASX during August 2021.

Home | Legacy Minerals

Legacy Minerals is exploring for high grade gold, copper, and base metal deposits in the World Class Lachlan Fold Belt, NSW. The Company holds a highly prospective portfolio of eight projects located within the world class Lachlan Fold Belt (LFB). Legacy Minerals has a significant land holding...

legacyminerals.com.au

 

[Dona Ferentes]

Listing date	26 August 2021 #
Company contact details	Legacy Minerals Holdings Limited - Home Legacy Minerals is exploring for high grade gold and base metal deposits in the NSW Lachlan Fold Belt. The Company holds a highly prospective portfolio of five projects (LGM 100%) located within the world class Lachlan Fold Belt. Legacy Minerals has a significant land holding of 864 km2 (granted... legacyminerals.com.au 02 8005 7107
Principal Activities	LGM is a junior exploration company. The business conducted by LGM is the acquisition, exploration, development (and where appropriate divestment) of exploration tenements with high mineral prospectivity. The focus of discovery is copper and gold in NSW - more specifically, in the Lachlan Orogen.
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	LGM
Capital to be Raised	$7,000,000
Expected offer close date	17 August 2021
Underwriter	Not underwritten. CLSA Australia Pty Ltd and Saint Gabriel Pty Ltd (Joint Lead Managers)

 

[Dona Ferentes]

and , a few weeks late, LGM is trading today. Opened at 22c and now 21c

 

[finicky]

Being pumped today by free tipster emailer 'East Coast Research'
Closed up 23% on a generally down day.

Not Held
Not Buying

Quote excerpt:
"Flagship Polymetallic MRE Resource and Tier-1 Discovery Potential Across Multiple Exploration Fronts
The Drake Project is Legacy’s most advanced asset, highlighted by a JORC 1.2Moz AuEq resource that includes 792koz AuEq and 35Moz AgEq. It benefits from A$80m in existing infrastructure, including a water supply and tailing facilities, reducing development risk and increasing ROI. With an updated pre-feasibility study (PFS) planned, Drake offers compelling near-term development potential, well-positioned to capitalise on rising gold, silver, and copper prices. Beyond Drake, Legacy’s diversified exploration portfolio unlocks district-scale discovery potential. The Thomson Project—a 5,500km² greenfield opportunity—is prospective for large-scale intrusion-related copper-gold systems, comparable in scale to major provinces like the Paterson. A discovery here would be company-making. Legacy also offers multiple strategic partnerships, including the Bauloora Joint venture (JV) with Newmont, targeting a A$15 million drill spend on one of Australia’s largest low-sulphidation epithermal systems. Additional JVs at Fontenoy (Earth AI) and Glenlogan (S2 Resources) further enhance Legacy’s exposure to potential tier-1 discoveries, all while preserving shareholder capital.

Attractive Valuation with Material Upside
We value LGM at A$0.57 per share in a base-case scenario and A$0.72 pershare in a bullcase scenario"

 

[Garpal Gumnut]

Being pumped today by free tipster emailer 'East Coast Research'
Closed up 23% on a generally down day.

Not Held
Not Buying

Quote excerpt:
"Flagship Polymetallic MRE Resource and Tier-1 Discovery Potential Across Multiple Exploration Fronts
The Drake Project is Legacy’s most advanced asset, highlighted by a JORC 1.2Moz AuEq resource that includes 792koz AuEq and 35Moz AgEq. It benefits from A$80m in existing infrastructure, including a water supply and tailing facilities, reducing development risk and increasing ROI. With an updated pre-feasibility study (PFS) planned, Drake offers compelling near-term development potential, well-positioned to capitalise on rising gold, silver, and copper prices. Beyond Drake, Legacy’s diversified exploration portfolio unlocks district-scale discovery potential. The Thomson Project—a 5,500km² greenfield opportunity—is prospective for large-scale intrusion-related copper-gold systems, comparable in scale to major provinces like the Paterson. A discovery here would be company-making. Legacy also offers multiple strategic partnerships, including the Bauloora Joint venture (JV) with Newmont, targeting a A$15 million drill spend on one of Australia’s largest low-sulphidation epithermal systems. Additional JVs at Fontenoy (Earth AI) and Glenlogan (S2 Resources) further enhance Legacy’s exposure to potential tier-1 discoveries, all while preserving shareholder capital.

Attractive Valuation with Material Upside
We value LGM at A$0.57 per share in a base-case scenario and A$0.72 pershare in a bullcase scenario"

I have this gismo on Apple Mac Pages which summarises text that gives me a headache. I thought I'd try on this first @finicky.

I realise its a copy and paste, and not your original prose, and in fact I've bought all your books so know so. The summary is :


Legacy’s Drake Project boasts a JORC 1.2Moz AuEq resource and existing infrastructure, positioning it for near-term development. Beyond Drake, Legacy’s diversified exploration portfolio, including the Thomson Project and strategic partnerships, offers district-scale discovery potential.

gg

 

[greggles]

Long shot momentum play for the month of April. During March LGM ran from 15 cents to 24 cents and I am hoping that the March momentum will continue into April.