Legend Mining (ASX:LEG) held over $12 million in cash and listed shares as at 30 September, and has another $11.5 million on its way from the sale of its Ngovayang project.
This funding allows a comprehensive, deep nickel drilling campaign with no dilution.
In August, the company commenced a major moving loop electromagnetic survey over its Fraser Range Project in Western Australia.
Due to its unique location, the project is considered prospective for not only Nova Style nickel-copper, but also Tropicana Style gold mineralisation.
Adding to the intrigue is that Mark Creasy is the largest shareholder in LEG with around 25%. As is well known, Creasy has had some success previously in the Fraser Range with Sirius Resources.
