Legacy Minerals has made a significant discovery of palladium and platinum at the Fontenoy project. The company’s exploration efforts have revealed widespread mineralization and the potential for a substantial magmatic platinum group elements (PGE) nickel and copper deposit. Unlike previous drilling activities that focused on shallow nickel-laterite deposits, the recent findings indicate the presence of valuable PGEs and magmatic-related nickel-copper sulphide mineralization.

The results from diamond drilling conducted by Legacy Minerals’ exploration partner, Earth AI, have unveiled promising findings, including significant amounts of gold, palladium, and platinum. These results suggest the existence of a mineralized system covering approximately 2 square kilometers at Fontenoy. The company’s CEO, Christopher Byrne, expressed satisfaction with the progress made in uncovering the project’s palladium, platinum, gold, and copper potential.

The identification of this type of mineralization represents a breakthrough in the region, indicating a new style of mineralization within the Lachlan Fold Belt of New South Wales. Legacy Minerals is optimistic about the continuity, scale, and overall potential of the mineralized system at Fontenoy. With ongoing drilling activities at the site and plans for further exploration, the company anticipates the discovery of higher-grade zones similar to those identified in previous drilling rounds.

The Fontenoy project’s recent success has positioned Legacy Minerals for a period of exciting exploration opportunities. The company’s strategic focus on uncovering high-grade and low-cost deposits, akin to successful projects like Chalice Mining’s Julimar deposit, underscores the potential economic significance of the findings at Fontenoy. The expansion of the known mineralized footprint and the positive indicators for additional exploration upside further enhance the project’s prospects.

Legacy Minerals is committed to leveraging the latest drilling results and geological insights to maximize the potential of the Fontenoy project. The ongoing exploration activities, coupled with the company’s exploration initiatives at other sites like Bauloora, highlight a promising trajectory for Legacy Minerals as it continues to unlock the mineral resource potential in New South Wales. This recent development marks a significant milestone for Legacy Minerals and sets the stage for further advancements in the exploration and mining of palladium and platinum in the region.