sttcomp lcy, fa long
iron ore and gold in Australia
$5M market cap with $7M cash
MT BEVAN IRON ORE PROJECT
Legacy Iron Ore Limited ("Legacy" or "the Company") operates the Mt Bevan Joint Venture in the Yilgarn of Western Australia. Legacy Iron has now drilled out a major magnetite resource and is investigating the strong potential for shallow DSO or beneficiable hematite resources. It also holds two substantial iron ore projects located close to infrastructure in the Pilbara of Western Australia.
PILBARA IRON ORE AND MANGANESE PROJECTS
The Company has iron ore and manganese projects in the Pilbara region of Western Australia (figure below). These projects are proximal to existing iron and manganese ore resources and infrastructure.
Gold Projects
Legacy's major interest lies in the South Laverton region, where the company holds some 460 square kilometres of prospective ground (see figure below). The South Laverton project area lies along the Keith Kilkenny Tectonic Zone ("KKTZ") and the southern part of the Laverton Tectonic Zone ("LTZ"). These structures host numerous major gold mines, with the LTZ in particular hosting gold resources of some 20 million ounces. Drilling has defined several JORC compliant gold resources on Legacy tenements totalling 121,454 oz at Mt Celia, Yilgangi and Yerilla projects
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