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Legend Mining substantial holder Creasy Group increases stake to 30.73% by exercising options

Legend runs the Rockford Project in Fraser Range, WA in partnership with high-profile explorer Mark Creasy and his Creasy Group and Independence Group.

Legend Mining Limited - Legend Mining substantial holder Creasy Group increases stake to 30.73% by exercising options
Legend continues to intersect massive nickel-copper sulphides at Rockford

Legend Mining Limited (ASX:LEG) substantial holder Creasy Group has increased its stake in Legend to 30.73% after exercising options to acquire 200 million shares for $8 million.

Legend runs the Rockford Project in Fraser Range, WA in partnership with high-profile explorer Mark Creasy and his Creasy Group and nickel-copper-gold-zinc and silver producer Independence Group NL (ASX:IGO) (FRA:IDZ) (OTCMKTS:IPGDF).

Independence Group has a 13.31% interest in Legend.

The Rockford Project extends over 3,088 square kilometres of land prospective for an ore body similar to the Nova-Bollinger nickel-copper deposit.

Legend and its partners have a series of joint ventures going for the project and varying stakes in the various tenements that make up Rockford.

Massive nickel-copper sulphides

Legend continues to build upon the Mawson discovery at the Rockford Project with 12.95 metres of massive nickel-copper sulphides intersected in a diamond drill hole earlier this month.

This massive sulphide was within a mineralised zone of more than 90 metres which also included 7.55 metres of semi-massive sulphide.

Quick facts: Legend Mining Limited

Price: 0.105 AUD

ASX:LEG
Market: ASX
Market Cap: $281.21 m
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Legend Mining's Mark Wilson: 'Assays on Hole 8 at Mawson exceeded our...

Legend Mining Limited's (ASX:LEG) Mark Wilson speaks to Proactive's Andrew Scott after confirming economic grades of nickel-copper-cobalt in assay results from diamond drill hole 8 at the Mawson prospect within the Rockford Project in WA’s Fraser Range. The assays are from two zones of heavy...

on 23/4/20

2 min read