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Legacy Iron Ore Limited (ASX:LCY)
ALERT: Price-sensitive ASX Announcement for LCY
Current share price for LCY : $0.006 -0.003 (-31.25%)+
Announcement
Release
9 Sep 2025 8:22AM
Price at Release
$0.008
Full Release
Summary
Legacy Iron Ore Limited (ASX: LCY) provided an update on its Mount Celia project, focusing on exploration, drilling, and studies. The company completed a grade control drilling program of 5,838 metres over 223 holes in May 2025 to enhance ore body continuity confidence. Additionally, waste rock characterisation drilling north of the Kangaroo Bore deposit has begun, which supports environmental assessments. The data from these activities is being integrated into a re-evaluation of the Mt Celia Mineral Resource, which will inform ongoing development studies and Ore Reserve estimation. Metallurgical test work and feasibility studies are underway to assess the feasibility of an on-site processing facility. These efforts aim to optimize development and processing pathways for the Mt Celia project.
Key Points
- Grade control drilling program of 5,838 metres completed in May 2025.
- Waste rock characterisation drilling commenced north of the Kangaroo Bore deposit.
- Ongoing re-evaluation of the Mt Celia Mineral Resource.
- Metallurgical and feasibility studies underway for potential on-site processing facility.
- Data from drilling campaigns to inform Ore Reserve estimation and development studies.
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.
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