** Legacy Iron Ore LCY.AX jumps 11.1% to A$0.01, highest since Dec. 10

** Metal explorer reports high-grade gold mineralisation at its South Laverton project in Western Australia

** Says exploration results provide encouragement for follow-up drilling within project's Mt Celia deposit

** More than 922,000 shares traded vs the 30-day avg of ~655,000

** Stock down ~39.1% YTD

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))