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LGM - Legacy Minerals Holdings

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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.

 
Listing date26 August 2021 #
Company contact details 02 8005 7107
Principal ActivitiesLGM 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 groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeLGM
Capital to be Raised$7,000,000
Expected offer close date17 August 2021
UnderwriterNot underwritten. CLSA Australia Pty Ltd and Saint Gabriel Pty Ltd (Joint Lead Managers)
 
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