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Legacy Minerals Elevates Drake Resource to 0.8Moz AuEq with Strong Scoping Study
4:55am on Monday 2nd of June, 2025 AEST
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Mining
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Legacy Minerals Elevates Drake Resource to 0.8Moz AuEq with Strong Scoping Study
4:55am on Monday 2nd of June, 2025 AEST
Key Points
Drake Project resource updated to 0.8Moz gold-equivalent and 35Moz silver-equivalent
Stage 1 Scoping Study indicates potential annual gold production of ~31,400oz at A$1,726/oz AISC
Robust pre-tax NPV of approximately A$290 million based on conservative gold price assumptions
Active drilling underway at Thomson Project targeting intrusion-related gold-copper systems
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