Legacy Iron Advances Mt Celia with Key Drilling and Processing Studies
Legacy Iron Ore has completed a major drilling campaign at its Mt Celia project and is progressing metallurgical studies to define its processing strategy, setting the stage for updated resource estimates and development plans.
- Completed 5,838m grade control drilling across 223 holes
- Initiated waste rock characterisation drilling north of Kangaroo Bore deposit
- Incorporating new data into updated Mineral Resource estimate
- Advancing metallurgical test work and feasibility studies for standalone processing
- Ore Reserve estimation to follow JORC Code guidelines
Drilling Milestone at Mt Celia
Legacy Iron Ore Limited (ASX, LCY) has successfully wrapped up a significant grade control drilling program at its Mt Celia project in Western Australia. The campaign, spanning 5,838 metres and 223 holes, was conducted by contractors MEGA/BGR under a right to mine agreement. This extensive drilling effort aims to enhance geological confidence in the ore body and support near-term mine planning.
Alongside this, Legacy has commenced a focused drilling initiative north of the Kangaroo Bore deposit. This program targets waste rock characterisation, a crucial step for environmental assessments and mine design, while also intersecting ore zones that may yield valuable geological insights.
Resource Re-Evaluation and Metallurgical Progress
The data emerging from these drilling campaigns is being integrated into a comprehensive re-evaluation of the Mt Celia Mineral Resource. This updated resource estimate will underpin future development studies and provide a stronger technical foundation for the project’s advancement.
In parallel, Legacy is advancing metallurgical test work and feasibility studies to assess the viability of an independent on-site processing facility. Contracts have been awarded to JT Metallurgy for leach test work and flow sheet development, while Tailex is consulting on heap leach and tailings storage facility design. Proposals are currently being sought for the heap leach and carbon-in-leach (CIL) plants, indicating a methodical approach to defining the optimal processing pathway.
Towards Ore Reserve Estimation and Development
The outcomes of these metallurgical and feasibility studies will feed directly into Ore Reserve estimation, conducted in accordance with the JORC Code. This step is critical for translating mineral resources into economically mineable reserves, a key milestone for project financing and development decisions.
Legacy Iron Ore plans to announce assay results from the recent drilling as they become available and publish an updated Mineral Resource statement in due course. These developments will be closely watched by investors and analysts as they provide clearer insights into the project’s potential scale and economics.
Overall, the Mt Celia project is moving steadily through its technical evaluation phase, with drilling and metallurgical programs laying the groundwork for future growth and value creation.
Bottom Line?
Legacy Iron’s next updates on assay results and resource estimates will be pivotal in shaping Mt Celia’s development trajectory.
Questions in the middle?
- What will the assay results reveal about ore grade and continuity?
- How will metallurgical test outcomes influence processing plant design choices?
- When can investors expect a formal Ore Reserve statement under the JORC Code?
