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Legacy Iron Ore progresses Phase 3 drilling at Mt Bevan iron ore project

Legacy Iron Ore progresses Phase 3 drilling at Mt Bevan iron ore project

Legacy Iron Ore (ASX:LCY) has progressed the Phase 3 resource definition drilling program at its Mt Bevan iron ore project in Western Australia, intersecting magnetite body in all drill holes.

Previous drilling resulted in a JORC compliant inferred resource of 2.26 billion tonnes of magnetite mineralisation grading 27.6% Fe or 1.59 billion tonnes of magnetite mineralisation grading 30.2% Fe.

The Phase 3 drilling program comprised 6,280 metres of reverse circulation and 2,231 metres of diamond drilling designed to convert a substantial portion of the current inferred resource to indicated status and provide material for metallurgical test work.

The RC drilling including 5,102 metres as 20 full depth drill holes including two twinned holes with diamond tails; and 1,106 metres as 7 pre-collars for diamond tails.

The diamond drilling comprised 7 drill holes collared with one on each infill drilling line.

Legacy Iron has deferred the finalisation of the Phase 3 program including independent modelling and indicated resource calculation pending discussion with joint venture partner Hawthorn Resources.

Mt Bevan is a 60:40 JV between Legacy Iron and Hawthorn Resources with Legacy Iron as the operator.

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