Maiden ore sale completed at Mount Celia
Legacy Iron Ore (ASX: LCY) has completed the maiden ore sale from its Mount Celia gold operations in WA.
Gold mining at Mount Celia began in November 2023 with work commencing at the Blue Peter pit. The delivery of this first ore is in line with Legacy Iron’s guidance stating first ore would be processed in Q1 2024.
The first delivery of 21,000t will be processed through an ore purchase agreement with Paddington Gold, a subsidiary of Northern Goldfields.
Legacy chief executive Rakesh Gupta commented on this milestone.
“This first ore sale marks a significant step in the company’s history as we move towards gold production and revenue generation,” he said.
“In November 2023, we advised the market that we would have our first gold in Q1 2024, and we are delivering on that.
“We are excited to announce Legacy’s maiden ore sale from the Mount Celia gold operations, South Laverton project, with revenue generated to fund the ongoing expansion of the Mouth Celia deposits through exploration activities.”
The Mount Celia project lies within the Laverton tectonic zone and contains several known gold occurrences. It has a JORC 2012 resource of 6.97mt @ 1.39g/t gold for 312,600oz.
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