Legacy Minerals Advances Drilling at Thomson Project for Major Gold-Copper Discovery

About Legacy Minerals Limited

Legacy Minerals (ASX: LGM) is an Australian exploration company focused on discovering high-value gold and copper deposits. Its flagship Thomson Project, located in far north-west NSW, is a prime target for large-scale Intrusion Related Gold-Copper (IRG-Cu) systems. With drilling now underway, Legacy Minerals is poised to make a major discovery that could reshape its future and impact the ASX-listed exploration sector.

Unlocking High-Impact Targets

Legacy Minerals is currently drilling two 600m deep holes at its Thomson Project, targeting the F4 and Cut-B anomalies, which are among over a dozen untested targets in the region. These anomalies, identified through coincident magnetic and gravity data, are interpreted as potential Intrusion Related Gold-Copper (IRG-Cu) systems. The Thomson Project shares geological similarities with the Paterson Province in Western Australia, home to major discoveries like Winu and Havieron, which have yielded significant gold and copper resources. This comparison underscores the high potential for substantial mineralisation at Thomson, positioning it as a promising exploration site.

The company has employed advanced exploration techniques, including ambient noise tomography (ANT) and gravity surveys, to identify anomalies concealed beneath younger sedimentary cover rocks. These surveys have revealed that the anomalies are hosted within the Cambrian-Ordovician basement rocks of the Thomson Orogen, at depths of less than 100m. This shallow depth makes the targets economically viable for exploration and increases the likelihood of a major discovery. The use of cutting-edge technology highlights Legacy Minerals’ commitment to leveraging innovation to maximise exploration success.

Legacy Minerals is a first mover in this under-explored region, with a belt-scale opportunity spanning 5,500km². The Thomson Project’s location on major lithological boundaries and faults further enhances its prospectivity. CEO Christopher Byrne has emphasised the significance of these targets, describing them as a rare opportunity to explore a new gold-copper mineral system. The drilling campaign, expected to take six weeks, is a critical step in validating the project’s potential. Over 1,000m of previously unsampled drill core has been sent for assays, with results expected by late March to early April. These assays could reveal significant mineralisation, potentially transforming Legacy Minerals’ market position and attracting substantial investor interest.

The drilling campaign aligns with Legacy Minerals’ broader strategy to unlock large-scale IRG-Cu systems. The company’s proactive approach, supported by cutting-edge technology and geological expertise, sets it apart in the competitive ASX exploration sector. A successful discovery at Thomson could have far-reaching implications, not only for Legacy Minerals but also for the broader mining industry. Copper, in particular, is in high demand due to its critical role in the global energy transition. As the world shifts towards renewable energy and electric vehicles, the need for copper is expected to surge. A major find at Thomson could position Legacy Minerals as a key supplier of this essential resource, driving growth and enhancing its market valuation.

As global demand for critical minerals continues to rise, Legacy Minerals is well-positioned to capitalise on this trend. The company’s strategic focus on gold and copper, combined with its innovative exploration methods, positions it as a frontrunner in the race to discover new resources. The upcoming assay results will be a key milestone, potentially validating the project’s prospectivity and unlocking significant value for shareholders. Legacy Minerals’ efforts at the Thomson Project not only highlight its potential for growth but also underscore the importance of exploration in meeting the world’s increasing demand for critical minerals. This campaign could mark the beginning of a new chapter in Australia’s mining history, solidifying Legacy Minerals’ role as a key player in the ASX-listed exploration sector.

Looking Ahead

Legacy Minerals’ drilling campaign at the Thomson Project represents a pivotal moment for the company and the ASX-listed exploration sector. With high-impact targets, cutting-edge technology, and a strategic focus on gold and copper, the company is poised to make a major discovery. Investors and industry stakeholders will be closely watching the assay results, expected in late March to early April, which could herald a new chapter in Australia’s mining history.