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LEGACY IRON ORE LIMITED (LCY)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

Shareholder links

Our website ranking of LCY: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000LCY6
Address: Level 6, 200 Adelaide Terrace, Perth WA 6000
Tel:  (08) 9421 2005Fax: (08) 9421 2001

Date first listed: 08/07/2008

Sector: Materials Industry Group: XMJ
Activities: Iron ore and gold exploration

News & Events

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The suspension of trading in the securities of Legacy Iron Ore Limited will be lifted immediately following the release by LCY of an announcement regarding its compliance with the Listing Rules, including Listing Rule 12.2, and that it is otherwise appropriate for LCY's securities to be reinstated to quotation.

22/11/2024

The company releases its application for quotation of securities.

21/11/2024

The company has successfully closed its Accelerated Non-Renounceable Entitlement Offer, raising $379,859 in retail and $22.53 million in institutional components. The retail component offered 2 Legacy Shares for every 7 held shares, while the institutional component raised $22.15 million. The shortfall is 155,377,730 Legacy Shares, available to eligible shareholders.

21/11/2024

The company releases its application for quotation of securities.

06/11/2024

The company releases a letter to shareholders. The company invites eligible shareholders to participate in a non-renounceable retail entitlement offer, raising up to approximately $24,242,580. The offer allows shareholders to subscribe for 2 new shares for every 7 existing shares held on the Record Date. The prospectus and Entitlement and Acceptance Forms are available online.

06/11/2024

The company has completed its Accelerated Non-Renounceable Entitlement Offer (ANREO), raising A$22.15 million before costs. The institutional component of the ANREO was offered to NMDC Limited, who subscribed for its full entitlement of 2,013,961,707 fully paid ordinary shares in Legacy Iron. The retail component is expected to open on 6 November 2024.

04/11/2024

The company releases its Quarterly Activities Report.

31/10/2024

The company releases its Quarterly Appendix 5B Cash Flow Report.

31/10/2024

The Entitlement Offer Prospectus aims to raise approximately $24,242,580 through a non-renounceable accelerated institutional and retail entitlement issue of 2 shares for every 7 registered shares.

29/10/2024

The company releases its Half Yearly Report and Accounts.

22/10/2024

The company plans to launch an Entitlement Offer to raise $24.24m, with funds used for Mt Bevan iron ore and Mt Celia gold projects. The suspension is not lifted.

18/10/2024

Graeme Wovodich (trading as Carlton & Partners Co) has been appointed as auditor of the Company, with effect from today. This appointment follows the resignation of HLB Mann Judd and ASIC's consent to the resignation in accordance with s329(5) of the Corporations Act 2001.

03/10/2024

The Mt Bevan Iron Ore Joint Venture Committee has unanimously approved a A$20M Forward Works Program to further define, optimise and de-risk the Mt Bevan Magnetite Project.

20/09/2024

Between May 2024 and August 2024 Legacy Iron drilled 17,305 metres from 355 holes in new resource development programs. Drilling designed to test the strike and down dip continuity of previously identified mineralization within Blue Peter and Kangaroo Bore ore deposits. Drilling intersected gold mineralisation greater than 5.0 gram metre Au in 135 holes. The most significant mineralised intersections are: MCRC147 - 16 m @ 3.11 g/t Au from 17 m hole depth, MCRC219 - 4 m @ 11.15 g/t Au from 39 m hole depth, MCRC304 - 7 m @ 4.70 g/t Au from 22 m hole depth, MCRC311 - 2 m @ 36.33 g/t Au from 38 m hole depth, MCRC402 - 3 m @ 23.02 g/t Au from 23 m hole depth. Drilling results will be reviewed to identify high-potential targets for the next stage of drill targeting to define the continuity of mineralisation.

18/09/2024

Analytical results received from samples drilled at the Company's Patricia North prospect. Drilling was designed to test five targets identified from early-stage exploration. The 2024 program totaled 20 holes for 1686 metres of reverse circulation drilling. Drilling intersected gold mineralisation greater than 0.50 ppm Au in 12 of the holes drilled. The most significant mineralised intersections are: 2 m @ 3.49 g/t Au from 79 m hole depth in PNRC023, 3 m @ 3.11 g/t Au from 73 m hole depth in PNRC027, 3 m @ 1.92 g/t Au from 73 m hole depth in PNRC024, 5 m @ 1.24 g/t Au from 15 m hole depth in PNRC030, 1 m @ 3.13 g/t Au from 57 m hole depth in PNRC015. Drilling results will be reviewed to identify high-potential targets for the next stage of drill targeting to define the continuity of mineralisation.

16/09/2024

The company releases a response to further ASX query letter.

13/09/2024

The securities of Legacy Iron Ore Limited were suspended at LCY's request on 29 August 2024 pending LCY demonstrating to the satisfaction of ASX that it is in compliance with Listing Rule 12.2. ASX has determined that LCY's financial condition is not adequate to warrant the continued quotation of its securities and therefore LCY is in breach of Listing Rule 12.2. In making this determination, ASX has had regard to LCY's annual financial statements for the period ended 31 March 2024 and the disclaimer of opinion included in the auditor's report. The suspension will continue until ASX is satisfied that LCY is in compliance with the Listing Rules, including Listing Rule 12.2, and that it is otherwise appropriate for LCY's securities to be reinstated to quotation.

09/09/2024

The company releases a response to ASX Query.

04/09/2024

The securities of Legacy Iron Ore Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of LCY, pending LCY demonstrating to the satisfaction of ASX that it is in compliance with Listing Rule 12.2.

29/08/2024

former Legacy Iron Ore Limited Managing Director, Sharon Kia Le Heng and former Legacy accountant, Karen Kwan appear in the Perth Magistrates Court each charged on 13 counts of stealing, following an ASIC investigation - ASIC alleges that between June 2012 and November 2013, Ms Heng and Ms Kwan stole approximately $725,000 from Legacy - ASIC alleges that Ms Heng and Ms Kwan made 13 electronic funds transfers from Legacy's bank account to the bank account of Regency Infrastructure Pty Ltd, a company controlled by Ms Heng, in circumstances where there was no legitimate basis for these payments

04/12/2020

releases Annual Report to shareholders

12/11/2014

The suspension of trading in the securities of Legacy Iron Ore Limited (the "Company") will be lifted before the commencement of trading tomorrow, Friday 14 November 2014, following the lodgement of the Company's statutory accounts. Security Code: LCY LCYO LCYOA

03/11/2014

The securities of Legacy Iron Ore Limited (the "Company") will be suspended from quotation immediately at the request of the Company pending the release of an announcement. Security Code: LCY LCYO LCYOA

26/09/2014

The deferred securities of Legacy Iron Ore Limited (the "Company") will be suspended from quotation as from the commencement of trading tomorrow, 13 August 2013, due to the Company not proceeding with the entitlement offer. Security Code: LCYN

12/08/2013

options are reinstated

01/06/2010

options (LCYOA) are suspended

18/01/2010

 

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ASX, Legal & CGT Status

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    23/08/2021Rakesh Gupta2,125,000$0.015$31,075
    22/12/2020Rakesh Gupta-618,000$0.047$28,737
    15/12/2020Rakesh Gupta-1,300,810$0.032$41,626
    14/06/2017Timothy Turner1,000,000$0.004$4,000
    12/08/2013Sharon Heng660,000$0.052$34,110

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Shri MukherjeeNon Exec Chairman12/03/2019
    Vishwanath SureshNon Exec Director22/03/2023
    Vinay KumarNon Exec Director29/08/2024
    Ross OliverNon Exec Director28/10/2024
    Rakesh GuptaExecutive Director, CEO31/01/2015
    Ben DonovanCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Devanathan RamachandranNon Exec Director05/11/201422/10/2024
    Abanindra PadhyNon Exec Director21/09/202305/07/2024
    Sumit DebNon Exec Chairman06/08/202016/03/2023
    Somnath NandiNon Exec Director26/11/202102/03/2023
    Shri MehtaNon Exec Director17/06/201906/10/2021
    Baijendra KumarNon Exec Chairman09/07/201804/08/2020
    Tanugula RaoNon Exec Director26/03/201503/06/2019
    Narendra NandaNon Exec Director19/12/201112/03/2019
    Devinder AhluwaliaNon Exec Director22/01/201501/05/2018
    Timothy TurnerNon Exec Director26/03/200831/08/2017
    Swaminathan ThiagarajnNon Exec Director16/12/201107/01/2015
    Subimal BoseNon Exec Director18/01/201214/11/2014
    Sharon HengManaging Director, Executive Director20/04/200731/10/2014
    Julian MizeraCEO17/03/201429/08/2014
    John HebentonCEO12/09/201103/09/2012
    Tao HanNon Exec Director26/03/200829/02/2012
    Rana SomNon Exec Director19/12/201119/01/2012

    Date of first appointment, title may have changed.