summary, page-48

If you have gone back in history that long, you might have seen that not long ago that, capital raising through placement in Hawthorn by LCY has already been done.

The JV Agreement requires Legacy to spend a minimum of $3,500,000 to develop Mt Bevan to a pre-feasibility stage, together with a placement in Hawthorn of $1,500,000 via the issue of 250,000,000 fully paid ordinary shares at $0.006. Upon the completion of spending a minimum of $3,500,000, Legacy will earn a 60% interest in Mt Bevan.

Of course, More down the road if big discovery found, wouldn't that be normal with any junior miners...but as said in this post a number of times already, Chinese steel mills have indicated to the Company(LCY) they would consider a proposal to enter into off-take agreements, with the view to beneficiation/upgrade the magnetite content of the ore before transporting the product to existing magnetite separation and pellet plants in overseas markets, thereby heavily reducing the capital costs of development.