Contact Us +61 2 9392 8010

Legend Mining Limited

Legend Mining Limited

Legend Mining Limited is an Australian exploration company listed on the Australian Securities Exchange (ASX:LEG). Legend's mission is to make value-adding mineral discoveries and utilise all available asset bases to maximise shareholder benefit.

Download the latest Legend Mining Limited (ASX: LEG ) reports

Looking for more information? Download our latest reports on Legend Mining Limited and receive plenty of information tailored for investors. Our review is free and includes a recommendation on Legend Mining Limited and its portfolio.

Download the latest reports

Have you already registered?

If you have not registered with us before please click here.

Request Access

Please provide some information to be able to view these reports.

Details:
Interests:

Gain Access

In the 70% owned 2,939km2 Rockford Project, Legend has a quality tenement package, considered highly prospective for Nova-Bollinger style nickel-copper sulphide mineralisation. The Project is located over the Fraser Zone, the same tectonic package that hosts the 13.1Mt Nova-Bollinger Project which is located some 150km to the south-west. Project-wide early stage exploration carried out by the Creasy Group (the project vendors) has highlighted the prospectivity of the tenements.

This previous work has also resulted in a comprehensive and high quality geophysical and geochemical database, which has allowed Legend to progress straight into advanced exploration, potentially saving $1.2 million and two to three years in early stage work. The Company is now undertaking electro-magnetic surveying over three key areas to define bedrock conductors for subsequent reverse circulation and/or diamond drilling.

With an enterprise value of ~$7 million Legend is well leveraged to exploration success – this is a similar position that Sirius Resources was in when the Nova discovery was made in 2012. Nova and the subsequent Bollinger discovery took Sirius’ share price from $0.05 to a peak of $5.00.

Being cashed up will allow Legend to carry out effective exploration, without activities being compromised by a restricted cash position.

Given the above, and the quality personnel, we rate Legend as a SPECULATIVE BUY, with price movers being positive exploration results.

Legend Mining Limited is an Australian based junior explorer focussing activities on nickel-copper sulphide exploration in the Fraser Range area of Western Australia. The key project is Rockford, located over the highly prospective Fraser Zone of the Albany-Fraser Orogen, some 300km east of Kalgoorlie, which the Company recently acquired a 70% stake in from the Creasy Group.

Legend Mining Limited (ASX: LEG, “Legend” or “the Company”) has recently acquired a 70% interest in the Rockford Project from the Creasy Group, located over the Fraser Zone of the Albany-Fraser Orogen in Western Australia, considered highly prospective for intrusive related Ni-Cu massive sulphide, as well as Tropicana-style gold mineralisation.

Download the report for more information...

More details about Legend Mining Limited

Official website: http://legendmining.com.au/

ASX on Hotcooper: http://hotcopper.com.au/asx/LEG

Markets: Copper, Nickel