Legacy Minerals Limited: What Every Investor Should Know

As the global demand for precious metals and minerals surges, mining companies like Legacy Minerals Limited are stepping into the spotlight.

However, not all companies are poised to succeed in this competitive industry.

For investors seeking clarity, this article will demystify Legacy Minerals’ role in this evolving market.

By uncovering their strategy, potential growth drivers, and challenges, we provide the essential knowledge every investor needs to navigate this rapidly changing landscape and how it can impact your portfolio.

Legacy Minerals is gearing up for an ambitious year of exploration in 2024.

With a focus on gold and other commodities, the company aims to make significant progress across its highly prospective projects.

Legacy Minerals CEO & Managing Director, Christopher Byrne said: “Building on our diligent exploration strategy in 2024, shareholders can look forward to continued discovery focused exploration programs throughout next year. The highly prospective Thomson and Drake Projects are the Company’s focus while exploration continues at a fast pace under our joint venture funded projects including drilling at Bauloora and Fontenoy.”
 
Other factual information provided by the company has been summarised below:

• Legacy Minerals is an active ASX listed exploration company in NSW. With over 8,000km2 in tenure, it has a significant exposure in a region that is a global hotspot for discoveries, joint ventures, and M&A.

·       Projects Underway:

• Drilling at the Bauloora Au-Ag Epithermal Project is in full swing, with assay results expected in Q1, 2025.
• Work at the Fontenoy magmatic PGE-Cu-Ni Project is also moving forward, with results anticipated in early 2025.
• Preparations for maiden drilling campaigns and geophysical surveys at the Thomson Project are well underway, with Light Detection and Ranging survey results expected by the end of 2024.

• The company has strategic support as Fleet Fund Pty Ltd has agreed to invest $325,000 at $0.20 per share, a premium to the Placement and Securities Purchase Plan price of $0.15c. Fleet Fund is the investment arm of Fleet Space Technologies Pty Ltd (Fleet), Australia’s fastest growing company in 2023 (Australian Financial Review)*, and a global leader in mineral exploration technology and Artificial Intelligence. Fleet Space Technologies CEO & CIO, Federico Tata Nardini commented “Unlocking the potential of highly prospective regions depends on partners with the right expertise and technologies coming together to drive extraordinary progress. With our stake and deployment of Fleet Space’s multiphysics offering at the Thomson Project we look forward to building on Legacy Minerals’

• Legacy Minerals is positioned for the potential gold bull run with a handful of economists and capital firms raising their gold price forecasts due to rising geopolitical instability, stubborn inflation and global growth uncertainty.

• Current JV partnerships provide non-dilutive discovery exposure with $28m secured in earn-in agreements to date and ongoing, multiple discovery catalysts.

• Managing Director – Christopher Byrne, has an established track record within the mining sector which includes his past roles in the mining sector with Anglo American (valued at ~$33.4b pounds) focused on large scale project delivery, project management, maintenance, operations, and technical service and support in open cut and underground colliery operations.

• The company has an experienced Board and Management Team, with extensive hands-on operational experience in financing, minerals exploration, mining and commercial development in Australia and around the world.

• Directors have skin in the game – they have invested their own money in via direct share purchases. As shareholders and directors, they are fully committed to deliver on the company’s 2024/25 exploration strategy.

About the company
LEGACY MINERALS HOLDINGS LIMITED (LGM) is an ASX-listed public company that has been acquiring and exploring gold, copper, and basemetal projects in NSW since 2017. The Company has nine projects that present significant discovery opportunities for shareholders.

A summary of their projects include:

1. Au-Ag Black Range (EL9464, EL9589) - Extensive low-sulphidation, epithermal system with limited historical exploration. Epithermal occurrences across 30km of strike.
2. Cu-Au Drake (EL6273, EL9616, EL9727, ALA75) Large caldera (~150km2) with similar geological characteristics to other major pacific rim low-sulphidation deposits.
3. Cu-Au Rockley (EL8926) Prospective for porphyry Cu-Au and situated in the Macquarie Arc Ordovician host rocks with historic highgrade copper mines that graded up to 23% Cu.
4. Au-Cu (Pb-Zn) Cobar (EL9511) Helix JV Undrilled targets next door to the Peak Gold Mines. Several priority geophysical anomalies and gold in lag up to 1.55g/t Au.
5. Au-Ag Bauloora (EL8994, EL9464) Newmont JV One of NSW’s largest low-sulphidation, epithermal systems with a 27km2 epithermal vein field.
6. Au Harden (EL9657) Large historical high-grade quartz-vein gold mineralisation. Drilling includes 3.6m at 21.7g/t Au 116m and 2m at 17.17g/t Au from 111m.
7. Cu-Au Glenlogan (EL9614) S2 Resources JV Large, undrilled magnetic anomaly underneath Silurian cover located 55kms from Cadia Valley.
8. Au-Cu Fontenoy (EL8995) Earth AI JV Significant PGE, Au and Cu anomalism defined in soil sampling and drilling. Significant drill intercepts include 120m @ 0.3g/t PGE from 298, and 79m at 0.27% Cu from 1.5m.
9. Cu-Au Thomson (EL9190, EL9194, ELA6777) Prospective for intrusion-related gold and copper systems the project contains numerous ‘bullseye’ magnetic and gravity anomalies that remain untested.

Cheers,

Stevo – Armchair Banker MAppFin, AdvDipFP, ADA

‘Meet Stevo, the financial wizard behind Armchair Banker. With 15 years of experience in investment banking, corporate finance, and markets, Stevo’s résumé is so impressive it could intimidate a spreadsheet.’

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DISCLAIMER: The information in this article does not constitute personal financial advice. Consult your adviser or stockbroker prior to making any investment decision.

MORE DISCLAIMERS: Stevo is not a Financial Adviser, however, works as an Investment Banker assisting ASX listed companies with retail capital raises. All opinions expressed and written by Stevo, including all other ‘Armchair Banker’ contributors is for informational and entertainment purposes only and should not be treated as investment or financial advice of any kind. Any information provided from our articles, blogs and written opinions is general in nature and does not take into account your specific circumstances. Armchair Banker and its contributors are not liable to the reader or any other party, for the reader’s use of, or reliance on, any information received, directly or indirectly, from any content by Armchair Banker in any circumstances.

The reader should always (we’re serious about this):

1. Conduct their own research

2. Never invest more than they are willing to lose

3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.

Full Disclosure: Stevo is assisting this company with shareholder communications.

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