Legend Mining (ASX:LEG) - Managing Director, Dr Mark Wilson
Managing Director, Dr Mark Wilson
Source: The Pick Magazine
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Legend Mining (LEG) has completed initial metallurgical testing on samples from the Mawson’s prospect within the Rockford Project in WA
  • Samples from diamond drilling were tested and demonstrated massive sulphides from the site are amenable to conventional floatation
  • Recovery rates of up to 98 per cent for copper and 97 per cent for nickel were achieved, although the company believes this can be optimised further
  • Last week, Legend also received its R&D tax refund for the 2020 financial year of around $2.6 million
  • Shares have been trading 8.3 per cent higher at 13 cents

Legend Mining (LEG) has completed initial metallurgical testing on samples from diamond drilling at the Mawson prospect within the Rockford Project.

The nickel-copper-gold-zinc-silver project is located within the Fraser Range of Western Australia.

Phase one sighter test work demonstrated massive sulphide from Mawson respond well to conventional floatation as Managing Director Mark Wilson explained.

“The results of this first met test work have demonstrated that premium nickel and copper concentrates can be produced by conventional means from Mawson samples. The successful outcome of this work has significantly advanced and de-risked our project.”

Recovery rates of up to 98 per cent for copper and 97 per cent for nickel were achieved, although the company believes the yield can be improved further.

Selective flotation also showed the ability to produce copper and nickel concentrates at 31.8 per cent and 13.1 per cent , respectively.

Additionally, Legend Mining reported on February 2, 2021 it received the R&D tax refund for the 2020 financial year of $2,598,393.

Shares have been trading 8.3 per cent higher at 13 cents at 11:26 am AEDT.

LEG by the numbers
More From The Market Herald

" Metro Mining’s (ASX:MMI) Board approves FID for Bauxite Hills expansion

Metro Mining's (MMI) Board approves the final investment decision to expand capacity at the Bauxite Hills…
Southern Palladium (ASX:SPD) - Non Executive Chairman, Terence Goodlace

" Southern Palladium (ASX:SPD) awards drilling contract for Bengwenyama

Southern Palladium (ASX:SPD) has awarded a drilling contract to Geomech Africa for exploration at its Bengwenyama…

" Solstice Minerals (ASX:SLS) appoints Chief Geologist as drilling kicks off at Hobbes

Solstice Minerals (ASX:SLS) appoints an experienced Chief Geologist ahead of its first drilling campaign at the…
Iceni Gold (ASX:ICL) - Directors, Brian Rodan and David Nixon

" Iceni Gold (ASX:ICL) receives results from CSIRO UFF+ soil sampling at 14 Mile Well

Iceni Gold (ASX:ICL) receives all results from the CSIRO Ultrafine (UFF+) soil sampling at the 14…