Legacy Minerals Holdings (ASX:LGM) lodged an exploration license application for the Nico Young prospect in New South Wales, according to a Tuesday Australian bourse filing.
The firm noted that the Administrator of Jervois Global relinquished the Nico Young exploration license.
The Nico Young deposit is interpreted to contain around one million tonnes of nickel and around 100,000 tonnes of cobalt.
It plans to initially complete low-cost desktop compilation work and studies over the prospect.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.