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Legend Mining has right “markers for Nova-style nickel-copper orebody” at Octagonal

Last updated: 14:54 25 Jan 2024 AEDT, First published: 08:22 21 Nov 2020 AEDT

Snapshot

  • Legend Mining scores $3.08 million rebate from R&D Tax Incentive
  • Legend Mining continues “evolution of the Mawson story” with more massive sulphides intersected
  • Legend Mining unlocking Octagonal nickel-copper sulphide potential
Legend Mining Limited - Legend Mining achieves a ‘progressive’ September quarter as it continues to advance Rockford project

About the company

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.

How it is doing

25 Jan 2024

Legend Mining Ltd (ASX:LEG) has increased its financial position by $3.08 million on receiving a research and development (R&D) refund from the Australian Taxation Office (ATO).

The funds will enhance the company’s nickel and copper sulphide exploration efforts at the flagship Rockford Project in Western Australia’s Fraser Range.

After lodging its FY23 tax return in December 2023, which included an R&D refund claim for R&D activity conducted during the 2023 financial year, the company has now received the refund.

Legend received specialist advice from Deloitte in relation to this claim.

20 Dec 2023

Legend Mining Ltd (ASX:LEG) has defined new nickel-copper sulphide drill targets within its Rockford Project in Western Australia’s Fraser Range using seismic combined with SensOre Ltd (ASX:S3N)’s artificial intelligence/machine learning technology (AI/ML) generated data.

Legend executive chair Mark Wilson said while the company had focused its fieldwork this year at Octagonal prospect, the new targets reflected the detailed work that had been progressing at Mawson and other regional prospects within the Rockford project.

07 Dec 2023

Legend Mining Ltd (ASX:LEG) has the initial results from a High-Power Fixed Loop Electro-Magnetics (HPFLTEM) survey conducted at the Octagonal prospect, part of the Rockford Project in WA’s Fraser Range, where it is seeking nickel and copper.

Preliminary modelling of this survey, which covered the entire Octagonal Intrusive Complex (OIC), has revealed promising findings, including the identification of three conductors believed to be associated with nickel-copper mineralisation.

Insight: Legend Mining continues “evolution of the Mawson story” with more massive...

12 Jul 2021

Legend Mining Limited (ASX:LEG) has uncovered more semi-massive and massive sulphides while extending the mineralised intrusion footprint at the Mawson nickel-copper-cobalt prospect within the flagship Rockford Project on Western Australia’s Fraser Range.

The explorer is further investigating Mawson’s strong prospectivity with step-out diamond drilling and through down-hole transient electromagnetic (DHTEM) surveys over a suite of drill holes.

What management says

04 Sep 2023

Legend Mining Ltd (ASX:LEG) chair Mark Wilson tells Proactive the company is gearing up to conduct a downhole transient electromagnetic (DHTEM) survey on recently completed diamond drill hole OCDD005 after the hole intersected a “mixing zone” with magnetite and pyrrhotite at Octagonal prospect within the Rockford Project in Western Australia. Positioned at the source of an Audio-frequency Magnetotellurics (AMT) feature, the hole did not intersect nickel-copper mineralisation but offers an opportunity to survey the target at depth. LEG intends to conduct a High-Power Fixed Loop Electro-Magnetics (HPFLTEM) survey over the entire Octagonal intrusion with the goal of identifying large sulphide bodies at depth. The company will then plan diamond drilling based on the HPFLTEM survey’s results.

Legend Mining unlocking Octagonal nickel-copper sulphide potential

Legend Mining Ltd (ASX:LEG) chair Mark Wilson tells Proactive the company is gearing up to conduct a downhole transient electromagnetic (DHTEM) survey on recently completed diamond drill hole OCDD005 after the hole intersected a “mixing zone” with magnetite and pyrrhotite at Octagonal prospect...

on 4/9/23