Legend Mining to restart nickel drilling in prolific Fraser Range alongside Creasy and Independence interests
The nickel prospector’s share price has gained 39% in the past month and 64% in the past six months.
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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The nickel prospector’s share price has gained 39% in the past month and 64% in the past six months.
Diamond drilling will test the D1 and D5 conductors this month targeting nickel-copper sulphide deposits.
IGO has completed the second tranche of a $9.8 million subscription agreement.
Regional aircore drilling continued during August and September with the drilling of a further 69 holes for 5,351 metres.
The work is designed to better constrain and resolve the highly prospective D5 conductor within Area D.
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Shareholders are required to approve the joint venture agreement for the Ponton tenements at the upcoming general meeting.
Diamond drilling at D5 is targeting a nickel-copper sulphide deposit similar to Nova and Silver Knight.
Ongoing drilling programs are planned to continue to grow the size of the Weednanna gold deposit.
The company has a portfolio of gold properties in the world-class Birimian greenstone belts of West Africa.
Mark Creasy: “These transactions demonstrate a common goal between the three parties to unlock further value in the fertile Fraser Range”
The company is in a trading halt until Wednesday, July 10, or when an announcement is released.
Recent aircore drilling results will be used to plan future reverse circulation and diamond drilling.
The results reveal zinc, silver, nickel and cobalt and enhance the prospectively of Worsley and its ability to host VMS-style mineralisation.
A 60-hole aircore drill program commenced at Area D in late March 2019.
Jindal Mining will continue to pay 4% on the principal amount owed on a quarterly basis.
The company’s systematic exploration program has revealed the Crean and Worsley prospects at Rockford South.
Reverse circulation drilling at Worsley is planned to test anomalous geochemistry which will be conducted in conjunction with planned RC drilling at Shackleton.
During the March 2019 quarter the company began its 2019 exploration program with initial 8,000 metre aircore drilling at Rockford South.
Positive results from 2018 exploration have set the scene for a pipeline of programs this year across the Rockford project.
A Creasy team will move to Rockford next as exploration resumes.
The positive results from the December 2018 quarter have set the scene for a pipeline of programs across the project.
The project is located within the renowned Fraser Range region.
The two targets are a nickel anomaly and a copper-zinc-silver anomaly.
The company is exploring for nickel-copper sulphide deposits within the project.
Follow-up exploration will be conducted at the Shackleton prospect.
The company is seeking to emulate Independence Group’s successes at Nova-Bollinger and Andromeda.
The company is targeting a Nova-Bollinger style nickel-copper sulphide deposit.
Aircore drilling and electromagnetic surveys are planned to commence in September.
The company had $7.5 million in cash and liquids as at June 30, 2018.
The projects share a Fraser Range address, geology and links with mining ‘legend’ Mark Creasy.
A 150-hole, 10,000-metre aircore drilling program is underway targeting conductors at Areas J, Q and U.
Seats are filling fast for the next luncheon series in Sydney and Melbourne.
Aircore drilling results provide comparisons with the nearby Nova-Bollinger deposit, prompting share movement.
New assays support a third intrusive body at Area D of the Rockford project in the Fraser Range of Western Australia.
Shares in the company hit a fresh 12-month high intra-day.
Legend Mining's shares are currently in pre-open pending the news.
New assays and petrology have further confirmed a second mineralised intrusive body.
The company is looking for a Nova-Bollinger style nickel-copper sulphide deposit.
Mark Creasy, who was behind Sirius Resources when it struck the jackpot at Nova-Bollinger has a 30% stake in the Rockford project and a 28% stake in Legend.
Legend managing director Mark Wilson said: “We feel we have found the haystack and are now working our way to the needle.”
The Fraser Range is host to the top tier nickel-copper sulphide Nova-Bollinger deposit.
The company is working closely with the Creasy Group in the Fraser Range.
The company is working closely with the Creasy Group in the Fraser Range.
The company has received best yet results from drilling at Rockford.
The petrological examination of the samples has identified olivine-rich host rocks.
Rockford Project assays compare favourably with Nova Bollinger mineralisation.
The Fraser Range hosts the world-class Nova-Bollinger discovery.
The majority of the project is held in a 70:30 joint venture with the Creasy Group (30%).
Legend Mining works closely with the Creasy Group in the Fraser Range.
The upcoming aircore drilling will target nickel and copper at the Rockford Project.
Legend Mining is exploring with the Creasy Group in the Fraser Range.
Two drill programs are ongoing at the Rockford Project in the world-class Fraser Range region.
The Rockford Project is located in the world renown Fraser Range district.
The Rockford Project is located in the world renown Fraser Range district.
With the rains cleared the upcoming drilling program will be closely watched.
Legend is just one of a handful of companies with exposure in the Fraser Range
Legend remains focused on its Rockford Project in the Fraser Range.
Legend has updated on the final $3M owing from the Cameroon Iron Ore project.
Mark Wilson discussed with investors exploration on one of Australia's host post codes, the Fraser Range of Western Australia, with partner Creasy Group.
Find out more from Joe Kaderavek at Proactive's CEO Sessions.
Find out more from Todd Hibberd at Proactive's CEO Sessions.
Find out more from Andrew McLellan at Proactive's CEO Sessions.
Proactive's CEO Spotlight Sessions are back again giving investors the opportunity to hear the latest news flow from directors, and what to expect next.
Legend is well-funded finishing 2016 with $8.2 million in cash and liquid assets.
Find out more from Mark Wilson at Proactive's CEO Sessions.
Find out more from Dr Ross Macdonald at Proactive's CEO Sessions.
Legend has purchased two tenements, which will expand its Rockford Project.
Legend finished the December quarter with $8.2 million in liquid assets.
The Rockford project is located in the globally renowned Fraser Range district.
Legend Mining (ASX:LEG) has received a request from Jindal Steel and Power Limited to consider a further deferral of the payment of the final amount of $3 million owing to Legend from the sale of the Cameroon Iron Ore project.
Mark Wilson commented: "The conductors at Area N look to be walk up drill targets."
The primary target is a Nova style nickel-copper mineralisation.
Legend Mining (ASX:LEG) is preparing to reveal assay results from aircore drilling at the company’s 70% Rockford Project, located in the Fraser Range of Western Australia.
The aim of the program is to generate the next set of reverse circulation and diamond drill targets.
Drilling will take 3 to 4 weeks with assays to follow.
Legend holds $11.2 million in cash, cash equivalents and receivables at end of September 2016.
Legend has commenced an extensive MLTEM program at Rockford, aimed at testing the newly defined targets for bedrock conductors. These targets may represent massive nickel-copper mineralisation associated with mafic/ultramafic intrusives.
Mark Wilson, MD, commented: “We have always disclosed that the purpose of our treasury operations is to generate cash to spend on our own projects." The treasury now holds $12.1 million.
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