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Legacy Iron Ore Limited (ASX:LCY)

ALERT: Price-sensitive ASX Announcement for LCY
Current share price for LCY : $0.006 -0.005 (-45%)+
Announcement
Release
30 Jul 2025 8:14AM
Price at Release
$0.010
Full Release
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Summary
Legacy Iron Ore Limited released its Quarterly Activities Report and Appendix 5B Cash Flow Report for the three months ending 30 June 2023. The report highlights ongoing exploration activities, drilling programs, and project developments at key sites such as Mt Celia, Yilgangi, and other gold and iron ore projects. The company details progress in resource drilling, environmental and heritage surveys, and metallurgical test work. Financially, the report outlines cash inflows and outflows, operational expenditures, and investments, confirming the company's cash position at the end of the quarter. No mining production or development occurred during this quarter, and the company remains focused on advancing project feasibility studies and exploration initiatives.
Key Points
  • Quarterly report covers activities from 1 April to 30 June 2023.
  • Exploration drilling and resource definition continued at Mt Celia and Yilgangi projects.
  • Environmental, heritage surveys, and metallurgical test work are ongoing to support upcoming studies.
  • No mining or production activities were undertaken during the quarter.
  • Cash flow report (Appendix 5B) details operational, administrative, and investing cash movements.
  • The company ended the quarter with a cash balance of approximately $6.47 million.
  • Legacy Iron Ore continues to advance its gold and iron ore projects through targeted exploration and feasibility work.
  • No significant changes in business activities or tenement holdings occurred during the quarter.
  • The company remains committed to progressing feasibility studies to support future development decisions.
  • The board has reviewed and approved the quarterly report and attached cash flow statement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.