Legacy Minerals secured a 5,500-kilometer belt-scale exploration package in NSW

Legacy Minerals Holdings Limited (ASX: LGM) announced that it has obtained a new belt-scale exploration opportunity for large-scale mineral deposits by acquiring the Thomson Project in NSW. Legacy Minerals will acquire Exploration Licenses EL9190 and EL9194 for AU$200,000 cash from Eastern Metals Limited.

AU$50,000 is to be paid within seven days of an executed HOA and AU$150,000 upon transfer of the tenements. Starlight will grant a 1.5% royalty to EMS and have the option to buy back 0.75% of the royalty for AU$2 million and the remaining 0.75% for AU$4 million at any stage. The Thomson Project is an exceptional opportunity for Legacy Minerals and is highly prospective for Iron Oxide Copper-Gold and Intrusion-Related Gold discoveries.

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