EXPLORATION & DEVELOPMENT

Nickel-copper met work positive for Legend

Drilling planning underway for this year's campaign

This article is 3 years old. Images might not display.

Recoveries of up to 98% for copper and 97% for nickel was achieved, with a copper concentrate grading 31.8% copper and a nickel concentrate grading 13.1% nickel.

Legend suggested the nickel concentrate would be in high demand to offtakers due to the high Fe:MgO ratio and the non-presence of other deleterious elements.

Meanwhile, the company received a A$2.6 million refund from the ATO for research and development earlier this month and planning is underway for drilling to resume at the project.

Mawson was discovered in December 2019 and lies 120km northeast of IGO's Nova nickel-copper operation.

A maiden resource estimate could be expected this year, albeit Legend hasn't provided a timeframe.

In terms of cash, Legend was already in good position prior to the ATO refund, with $25.2 million in the company's treasury at the start of the current quarter.

Shares in Legend were unchanged at 12c in afternoon trade, capitalising the company at $321 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.