Legacy Iron Ore Limited (ASX: LCY) has recently entered into a significant Strategic Infrastructure Sharing Agreement with Linden Gold Alliance Limited (Linden) at the Second Fortune Gold Mine, situated in Laverton, Western Australia. The agreement, set to commence on November 23, 2023, and spanning an initial 20-month term, encompasses the sharing of crucial infrastructure, including accommodations, an airstrip, and medical facilities.
This arrangement will play a pivotal role in expediting the transformation of the Mount Celia Gold Mine into a productive asset. Specifically, it will facilitate the housing of mine workers from Legacy Iron's Mount Celia Gold Mine, located just 10 kilometers south of Second Fortune Gold Mine. Moreover, Legacy Iron will gain access to the airstrip for its fly-in fly-out workforce and essential medical facilities for both urgent and non-urgent medical procedures.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.