Legacy Minerals IPO To Raise Up to $7m Now Open

• IPO raising is between $5 million and $7 million
• Funds raised will enable Legacy Minerals to drill its high-grade gold and copper targets
• It has 5, 100% owned projects all located in the world- class Lachlan Fold Belt of NSW

Legacy Minerals Holdings Limited (“Legacy Minerals” or the “Company”) is pleased to advise that its Initial Public Offering (IPO) is now open.

Register Interest

The Company is offering a minimum of 25 million new Shares and a maximum of 35 million new Shares in the Company at an offer price of $0.20 per Share. Through the IPO, the Company is aiming to raise between $5,000,000 and $7,000,000 (before offer costs). Following closure of the offer, the Company aims to list in the last week of August on the Australian Securities Exchange (ASX) under the proposed ASX Code: LGM. The Company has appointed two Joint Lead Managers for the IPO: CLSA and Saint Gabriel

Applications and the prospectus can be accessed through www.legacyminerals.com.au.

Legacy Minerals invite you to join a webinar containing further details on their IPO and the company, including its drill-ready high-grade gold and copper prospects in the world-class Lachlan Fold Belt in New South Wales and how to participate in the Company’s IPO.

The webinar will be held on Monday the 9th August 2021 at 2.30 pm AEST, click here to register.

Highlights

The right jurisdiction and exposure:

• Prime position in the Lachlan Fold Belt
• Diverse mineral system exposure including porphyry related Cu-Au, epithermal Au-Ag, and Cobar-type

Discovery and drill ready with significant exploration potential

• Drill ready targets – campaigns planned to commence immediately post the IPO
• Planned drilling of ~20,000m over the next two years
• High grade and shallow exploration targets present an opportunity for near term resource definition

The Company plan to drill 20,000 meters across its 5 projects, with drilling to commence at Bauloora immediately post the IPO. Bauloora is one of the largest low-sulphidation epithermal systems in NSW and is <100km from Evolution Mining (ASX: EVN) Cowal Mine.

The Company plan to drill test underneath the historic Bauloora Mine – following up on some bonanza silver and high-grade gold from unmined production drives that assayed as high as 3701g/t Ag, 6.9g/t Au, 29% Pb, 26% Zn and 6.4% Cu.

About Legacy Minerals

Founded in 2017, Legacy Minerals is focused on the exploration and discovery of gold and copper deposits across its portfolio of tenements spanning approximately 864km² in the world class Lachlan Fold Belt of NSW.

Leveraged to gold and copper, the Company’s five 100% owned projects are targeting porphyry, epithermal, Cobar style, VHMS (volcanic-hosted massive sulphide) and low sulphide quartz vein mineralisation styles. The projects provide the Company with significant exposure to a mineral province that hosts world-class, tier-one ore bodies including Cadia Valley (Copper/gold porphyry – Newcrest), Cowal (Gold epithermal – Evolution) and CSA (Copper – Glencore) mines.

The funds from the IPO will be initially used for drill campaigns across the Company’s more advanced exploration projects targeting high-grade Au and Au-Ag at Harden and Bauloora; to further develop the Cobar, Fontenoy, and Rockley projects to a drill ready stage; and to provide working capital for the Company.

Projects

Cobar – is 20km of strike adjacent to the Peak Gold Mines (Aurelia ASX: AMI) where the company is targeting gold-copper along with lead and zinc lying under shallow transported cover. The project islocated in the Cobar Basin, described by the company as “one of Australia’s most prominent and prolific base and precious metals production regions” and is surrounded by major mining companies.

Bauloora – in addition to Bauloora Mine prospect, there are several other high priority proecpts that exhibt mineralisation and significant potential including the Mee Mar prospect. This vein system has been mapped up to 5m wide and strikes over 2km, grading up to 39g/t Au in rock chip samples.

Harden – the project includes several historic gold mines which produced ~ 75,000oz @ 28.6g/t Au up till 1919. There has been no drilling in fresh rock since 1919 at the old Harden gold mine and is open along strike and at depth.

Fontenoy – is a defined zone greater than 8km-long of copper and gold anomalism defined in the soil sampling and broad copper and gold drill intersects including 26m at 0.44g/t Au from surface and 79m at 0.27% Cu from 1.5m.

Rockley – located in Ordovician Macquarie Arc geology that also hosts the Cadia Valley and Northparkes mines the area has been assessed by Kenex and the NSW Geological survey as the most prospective area of the Rockley-Gulgong Volcanics to host copper-gold porphyry mineralisation. It has rock chips that grade up to 4% Cu and historic copper mines that graded up to 23% Cu.

Board brings range of experience

Non-executive chairman Dr Carland has 40 years of commercial and investment banking experience, and has previously sat on three mining company boards, including as chairman of Rex Minerals (ASX: RXM). He is currently a non-executive director of Aguia Minerals (ASX: AGR), which is developing copper and phosphate projects in Brazil.

Running the company on a day-to-day basis will be managing director Chris Byrne, who has more than 10 years of experience as an engineer and managing in mining, infrastructure, and logistics sectors in NSW and Queensland. His career focus has been on complex project delivery and management.

Exploration manager (and Executive director) is Thomas Wall, a geologist who has previously held senior roles including at the Peak gold mine at Cobar, NSW, now owned by Aurelia Metals (ASX: AMI).

The other non-executive directors are Matthew Wall, a metals and mining specialist and held several senior positions, including with Rio Tinto (ASX: RIO), and Douglas Menzies who has experience exploring for porphyry copper-gold deposits in Australia, Papua New Guinea, Fiji, Laos, Chile, Argentina and Mexico and currently sits on the Board of Lachlan Fold Belt explorer Godolphin Resources (ASX: GRL).

Register Interest