The halt will remain in place until the start of normal ASX trading on Wednesday, May 27, 2020, or when an announcement is released to the market, whichever occurs earliest.
Shares last traded at 15 cents and are up from 5.3 cents on March 23, reaching a new 12-month high of 21.5 cents on April 22.
Further diamond drill targets
Late last week the company confirmed further diamond drill targets for nickel-copper sulphide mineralisation at the Rockford Project through a combination of innovative surveys.
Moving and fixed loop electromagnetic (MLTEM & FLTEM) surveys were conducted over seven prospect areas - Northeast Mawson, Mawson Central, Worsley, Crean, Hurley, Magnus and Octagonal.
Legend also has the Worsley conductor W1 diamond drill-ready while Crean and a new prospect, Hurley, require final aircore drilling and infill surveys.
This work began late last year and is part of a regional exploration program at Rockford.
Managing director Mark Wilson said “The completion of the infill work at Crean and Hurley is expected to be in 4-6 weeks.
“Once this is finalised, we can plan a Rockford South drill program comprising Worsley, Shackleton and probably Crean and Hurley, dependent upon infill EM and aircore results.
“We are planning to extend the current Mawson diamond drill program to include conductors D13 and D15 once commitments in the main Mawson prospect are completed.”