Company
ASX:LEG
Legend Mining Ltd (ASX:LEG) is an exploration company with a mission to make value-adding mineral discoveries and utilise all available asset bases to maximise shareholder benefit. The company’s exploration focus is on its nickel-copper Rockford Project in the Fraser Range, Western Australia, with its joint venture partners and major shareholders Creasy Group and IGO Limited.
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Mark Wilson, MD, commented: "It is particularly satisfying that our strategic approach of using the aeromagnetic and gravity datasets to identify potential intrusive bodies, followed up with ground EM and drilling, has produced this result.
Legend is set to increase news flow with its diamond drilling at Rockford, where the primary target is Nova style nickel-copper mineralisation. Rockford is 100% within Fraser Zone, taking up 18% of the total area, with infrastructure access
Rockford covers 2,939 square kilometres and comprises eight contiguous granted exploration licences, with a large portion of the project subject of a joint venture between Legend (70%) and the Creasy Group (30%).
Legend is set to increase news flow, with programs including the DHEM at Conductor D2 and D4; and assessment of drilling assays. Once these are assessed, detailed planning of future reverse circulation, aircore and further MLEM will be dete
Legend is a well-funded company with a focus on the Fraser Range. With drilling underway, news flow will continue over the coming months.
A reverse circulation drilling program will commence later in the month, and will test five strong-moderate conductors at Legend's Rockford Project in the Fraser Range district of Western Australia.
The next step will be planning of reverse circulation / diamond drilling to test the seven conductors at Areas D, E and F. This is likely to be in the March quarter of 2016, pending all required statutory approvals and favourable weather co
Planning is already underway for a drilling program to test the conductors at Area D. Pending all required statutory approvals and favourable weather conditions, a start date in scheduled around February/March.
The ink is only just dry on the settlement of Legend's purchase of the Fraser Range Rockford Project from the Creasy Group, yet exploration is already underway. A moving loop electromagnetic survey has started over selected targets.
Legend Mining has received $3 million in cash as expected from Jindal Mining and Exploration. Tomorrow, Thursday 17th September 2015, Legend shareholders will vote on the acquisition of a Fraser Range tenement package from the Creasy Group.
Legend Mining is cashed up for a multi-year exploration program in the Fraser Range, following an acquisition of tenements from the Creasy Group. Mark Wilson, managing director of Legend Mining, speaks exclusively in Proactive Q&A Sessi
Legend Mining is one of the most dominant players in the Fraser Range after acquiring an extensive tenement package from the Creasy Group. The company has a bumper cash position to fully-fund high-impact exploration for several years.
Today's deal is a win-win for both Legend and the Creasy Group, and will catapult Legend into one of the most dominant players in Australia's hottest exploration postcode - the Fraser Range. Legend shares are expected to trade higher.
Legend Mining Melbourne/Sydney Investor Luncheon Presentation
