Legacy has selected tenure on the basis of our dual commodity focus - iron ore and gold. The Pilbara and Hamersley Iron province is the world's largest iron ore province and the company has tenure that is highly prospective for iron mineralisation. Legacy's gold portfolio is located in the Yilgarn and East Kimberley regions of Western Australia, is of significant areal extent and within the right corridors to deliver exploration success.

Legacy's has met its' immediate objectives through acquiring and reviewing the substantial geological data from across all tenements and evaluating the data in a GIS (geographical information system) platform. The Company is developing structured exploration programs that focus on highly ranked iron ore and gold targets that aim to deliver resources and ultimately, new mines.

Medium-term objectives include generating cash flow from economic gold and iron ore deposits, continuing exploration for gold and iron mineralisation, creating sustainable income and seeking future projects by direct acquisition to through joint ventures.