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First gold sale for Mount Celia

spartan gold

Western Australian explorer Legacy Iron Ore has completed the first gold ore sale from its Mount Celia project.

The Mount Celia deposit lies in Legacy’s South Laverton project within the Laverton tectonic zone, one of the world’s most prolific gold belts, holding about 30 million ounces.

Legacy Iron commenced gold mining operations at Mount Celia last November, and the delivery of the first gold ore is in line with the site’s production guidance.

The delivery weighed about 21,000 tonnes and will be processed through an ore purchase agreement with Paddington Gold, a subsidiary of Norton Goldfields.

“This first ore sale marks a significant step in the company’s history as we move towards gold production and revenue generation,” Legacy Iron Ore chief executive officer Rakesh Gupta said.

“In November 2023, we advised the market that we would have our first gold in Q1 2024 (the first quarter of 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 Mount Celia deposits through exploration activities.”

Legacy said mineral resource drilling and other early-stage drilling at the Yilgangi prospect and the Patricia North prospect – both apart of the South Laverton project – could expand its current mineral resources.

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