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Legacy Minerals Unveils High-Grade Gold Extensions at Drake with $290M NPV
9:01am on Thursday 1st of May, 2025 AEST
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Mining
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Legacy Minerals Unveils High-Grade Gold Extensions at Drake with $290M NPV
9:01am on Thursday 1st of May, 2025 AEST
Key Points
New assays confirm broad, high-grade gold and base metal zones at Strauss and Kylo deposits
Drake Project resource now totals 0.8Moz AuEq and 35Moz AgEq with significant base metals
Stage 1 Scoping Study shows pre-tax NPV of A$290.4 million and IRR of 112% at A$4,250/oz gold
Historic drill holes originally for geotechnical data now reveal untested mineralisation potential
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