Legacy Iron Ore commences Mount Celia gold mining
Legacy Iron Ore Limited has commenced mining at its Mount Celia Gold operation, about 95km south of Laverton, following the receipt of all final statutory approvals and the signing of a mining contract with Bain Global Resources.
Surface and mine infrastructure works are well-advanced, with pre-stripping already commenced and ore mining to commence in Blue Peter pits in the weeks ahead.
Legacy chief executive Rakesh Gupta says this marks a significant achievement in the evolution of Legacy Iron Ore.
“[The company has gone] from an explorer to a producer, with this being our first mining operation as we unlock the potential value of the company’s South Laverton gold projects,” he said.
Mr Gupta acknowledges the company’s shareholders, including NMDC Limited, the Legacy iron ore team and consultants who have transitioned Mount Celia to production.
“The asset will generate revenue to fund ongoing exploration at the prospective South Laverton projects, as the company plans to bring more resources to a mine-ready stage and add additional shareholder value,” he said.
The first ore for processing at the Paddington gold mine is scheduled for Q1 CY24.
Work continues on further extending the life of mine (LOM) plan at the Mount Celia project with infill drilling planned in H1 CY24.
Legacy is hoping its recently completed mineral resource and early-stage drilling at the Yilgangi deposit and Patricia North prospect (analytical results pending) will expand its mineral resource base.