Legacy Iron Ore (ASX:LCY) said the stage one work plan for the feasibility studies at the Mt. Bevan magnetite project in Western Australia is progressing, and a number of applications have been filed for the project, according to a Monday Australia bourse filing.
The project is a joint venture between Hancock Magnetite Holdings, which holds a 63.43% interest and manages the project, and Legacy Iron, which holds a 36.57% interest.
A mining lease application has been submitted with the Department of Energy, Mines, Industry Regulation and Safety in Western Australia in February. Applications for miscellaneous licenses for water infrastructure, infrastructure and transport corridors have also been lodged, the filing said.
Access agreements with existing underlying tenement holders are also progressing. The drill design for the groundwater exploration has been completed.
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