Legend has agreed to this request in principle, and will report to the ASX as soon as an agreement of new payment terms is reached.
In the meantime, the amount owing continues to attract interest at the rate of 4% per annum paid quarterly.
Legend also confirms receipt of the quarterly interest instalment that was due on 15 December 2016.
Legend's Fraser Range focus
Legend is focused on its Rockford Project in the Fraser Range district of Western Australia.
The Fraser Range district rose to international prominence through the discovery of the world-class Nova-Bollinger nickel-copper-cobalt deposit.