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LGM, LEGACY MINERALS HOLDINGS
nipper
post Posted: Sep 13 2021, 01:11 PM
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In Reply To: nipper's post @ Aug 25 2021, 02:08 PM

LGM started trading on the ASX today .... opened at 24c but now down around the 20c level of the IPO.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 25 2021, 02:08 PM
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Legacy Minerals Holdings (LGM) has been involved in the acquisition and exploration of gold and copper projects in the prospective New South Wales Lachlan Fold Belt since 2017. The Company wholly owns 864 km2 of granted and pending exploration licence applications in the LFB spanning five projects. The Fold Belt, also known as the Lachlan Orogen, is a region considered to be a premier exploration and mining district and home to one of the largest gold mines in Australia, Cadia Valley NSW (Newcrest).

Legacy Minerals has a straightforward exploration strategy: to drill and develop a pipeline of prospective targets for gold and copper mineralisation. The work conducted on the tenements has defined drill ready prospects across the Legacy Minerals portfolio. The funds raised from the IPO will be used to target their potential prospectivity through 20,000m of drilling planned over the next two years.

Legacy Minerals projects contain numerous untested geochemical, geophysical and geological targets. These afford the Company multiple opportunities for gold and copper discoveries; commodities which are currently enjoying favourable market conditions. Highlights of the projects include:
  • ... drill ready targets that provide immediate opportunities for gold and copper discoveries;
  • ... projects with a prime position in the LFB targeting porphyry related Cu/ Au, Cobar type, and low sulphidation epithermal style systems; and
  • ... high grade and shallow exploration targets that present an opportunity for near term resource definition.

Listing date... 13 September 2021 11:30 AM ##

Company contact details ... https://legacyminerals.com.au/

Principal Activities .... LGM is a junior exploration company. The business conducted by LGM is the acquisition, exploration, development (and where appropriate divestment) of exploration tenements with high mineral prospectivity. The focus of discovery is copper and gold in NSW, and, more specifically, in the Lachlan Orogen.
Issue Price ... $0.20
Issue Type ... Ordinary Fully Paid Shares

Security code .. LGM
Capital to be Raised ... $7,000,000
Expected offer close date ... 17 August 2021
Underwriter... Not underwritten. CLSA Australia Pty Ltd and Saint Gabriel Pty Ltd (Joint Lead Managers)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 25 2021, 02:01 PM
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In Reply To: crystal's post @ Nov 19 2009, 11:50 AM

From delisted.com.au ....
LUIRI GOLD LIMITED (LGM)
QUOTE
delisted from the close of trading on Friday, 03 November 2017 pursuant to Listing rule 17.11 .....we understand costs of the listing and an inability to acquire Aluminium Metal Recyclers (Pty) Limited and comply with listing requirements ... note at the same time there was a 1 for 100 Share Consolidation, change of name to Imritec Limited and an offer to acquire small shareholdings of less than 100,000 at $0.003 a share.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
crystal
post Posted: Nov 19 2009, 11:50 AM
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In Reply To: crystal's post @ Nov 6 2009, 09:54 AM

listing shortly , looks like a 40 cents matchup at this stage biggrin.gif

 
crystal
post Posted: Nov 6 2009, 09:54 AM
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In Reply To: crystal's post @ Nov 6 2009, 09:26 AM

interestingly the canadian listed LUIRI GOLD shot up 38% last night on very low volume

UIRI GOLD LIMITED (Tier2) (CDNX:LGL.V) Delayed quote data Last Trade: 0.25 CAD Trade Time: 12:50PM EST Change: 0.07 (38.89%) Prev Close: 0.18 Open: 0.20 Bid: 0.20 Ask: 0.24 1y Target Est: N/A Day's Range: 0.18 - 0.25 52wk Range: 0.03 - 0.23 Volume: 129,000 Avg Vol (3m): 16,443.1 Market Cap: N/A P/E (ttm): N/A EPS (ttm): N/A Div & Yield: N/A (N/

 
crystal
post Posted: Nov 6 2009, 09:26 AM
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In Reply To: ShareScene.com's post @ Nov 2 2009, 11:03 AM


Luiri Gold Completes C$7.69 Million Financing With Euroz Securities Limited
Wed Nov 4, 1:04 PM
TORONTO, CANADA--(Marketwire - Nov. 4, 2009) - Luiri Gold Limited (TSX VENTURE: LGL.V) ("Luiri Gold") is pleased to announce that Euroz Securities Limited ("Euroz") has successfully completed the raising of A$8 million (approximately C$7.69 million) to advance exploration at its Luiri Hill Gold and Nambala Iron Projects in Zambia.

A total of 40 million CHESS Depositary Interests (CDI's) will be issued at A$0.20 per common CDI (approximately C$0.192). The CDI's will be listed on the Australian Securities Exchange Limited ("ASX"). Each CDI ranks equally with each Luiri Gold ordinary share listed on the TSX.V. It is anticipated that Luiri Gold will list on the ASX in November 2009 and will trade under the symbol LGM.

"Having been able to complete the raising in only one week shows the strong interest that the offering received, and the commitment of the team at Euroz", said Mike Sperinck, MD and CEO of Luiri Gold, "The funds will allow us to aggressively progress our strategy to expand the current resource base and continue with our feasibility studies at the Luiri Hill project."

Luiri Gold has recently completed a plus 9,000m RC drill programme at its gold project which included both infill drilling at the Matala and Dunrobin deposits and follow up drilling at other targets. Assay results from this programme are expected later this month. A second development drilling programme is planned to commence in December, focusing on expanding the gold resource base. Discovery costs to date have been approximately US$10 per resource ounce.

As well as this development drilling programme, the Company is also about to commence a major follow up exploration programme at a number of targets which are in similar structural positions to the Matala and Dunrobin deposits (see Press Release February 6, 2008). This is part of the strategy to explore for additional resources based on positive results from the previous soil geochemical sampling programme over the rest of the Matala Dome mineralized structure.

Luiri Gold has also allocated funds to undertake further work on the Nambala Iron Project including drilling and scoping studies.

About Luiri Gold

Luiri Gold is a gold focused company with a strategy of creating shareholder value through building Luiri into a geographically diversified gold resource company in Africa with assets potentially ranging from near term production to exploration properties. The current focus is at Luiri Gold's wholly-owned Zambian subsidiary, Luiri Gold Mines Limited, which holds mineral tenements within southern-central Zambia covering approximately 1,200km2 of highly prospective exploration ground focused on the Dunrobin and Matala gold deposits. The Luiri Hill Project is situated approximately 120km west-northwest of the Zambian capital of Lusaka in Zambia's Central Province. Access to the Project area is by a newly-upgraded paved road from Lusaka.

The current Mineral Resource at the Luiri Hill Project includes 656,000 ounces gold contained in 7.1 million tonnes at 2.9g/t for the Inferred category and 144,000 ounces gold contained in 2.2 million tonnes at 2.1g/t for the Indicated category (reported in Press Release April 15, 2008).

In addition to the substantial gold resources the Luiri property also hosts the large, prominently outcropping hematitic Nambala iron deposit. A review by Coffey Mining indicated that on part of the mineralized body there exists the 'mineral potential' of between 100 and 300 million tonnes of rock at grades of 55-60% Fe. Interpretation of the regional geology indicates that the tonnes contained in this deposit could be several times larger than this figure. Note that the potential quantity and grade is conceptual in nature, and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The Luiri Gold exploration programs and resource calculations are carried out under the supervision of Mr. Michael Sperinck, Member of AUSMIM. Mr. Sperinck is a qualified person (as defined by National Instrument 43-101) with more than 25 years of experience in the mining industry.

ON BEHALF OF THE BOARD OF DIRECTORS OF LUIRI GOLD LIMITED

Michael Sperinck, President and CEO

This press release contains forward-looking information which involves risks and uncertainties. Forward looking information represents management's current views and these may change significantly as new information comes to hand.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.



 


ShareScene.com
post Posted: Nov 2 2009, 11:03 AM
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Created by request:
LUIRI GOLD LIMITED (LGM)

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Sharescene.com

 
 



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