From page 2
Specifically, the potential benefits for Legacy that underpin our strategic plan include:
• Unlocking hidden shareholder value, through the spin-off of core and non-core assets.
• The acquisition of new projects. Potential projects are currently being assessed and will be the subject of a later release.
• Project financing in general, but in particular, the potential to take the Mt Bevan Iron Project from exploration to production, once Legacy has secured its 60% Joint Venture interest from Hawthorn Resources Limited, after spending $3.5m. Significant work is underway to underpin this outcome, which will be the subject of a later release.
• Ability to develop the necessary infrastructure in the Central Yilgarn area.
• Development funding for a range of existing and potential projects.
• Underwriting of future capital raisings to ensure funding is available to move projects forward, irrespective of global financial market cycles.
• Practical experience in large scale iron ore resource development and production.
• Mineral research and development capabilities.
• Off-take access to proven and ready purchasers in Japan, South Korea and China.
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