Independence Group (IGO) has again underlined its belief that there are more discoveries to be made in the Fraser Range, with a three-way farm-in deal with WA’s uber prospector Mark Creasy and Legend Mining.

Set to invest $9.8 million in Legend, the Peter Bradford-led miner will take a majority stake and operator status over a 657sq km package, adding to its existing footprint in the region, which covers 15,000sq km.

IGO CEO and MD Peter Bradford said the company was pleased to be investing in Legend Mining and its Rockford North tenements.

“Legend’s mineral exploration holdings in the Fraser Range are extensive and are highly prospective for magmatic Ni-Cu-Co sulphide deposits, with numerous prospects already identified,” he said.

“IGO will work closely with Legend’s exploration team to drive discovery success at Rockford.”

Legend Managing Director Mark Wilson said securing this funding is an important outcome for Legend shareholders. 

“It has been possible due to the new joint venture with Creasy over 709sq km of ground which has known nickel-copper sulphide mineralisation at the Octagonal prospect within the new joint venture. The added dimension to the transaction is the additional joint ventures with

IGO over the northern Rockford area which will give new technical impetus to our exploration efforts. Legend welcomes IGO to our register as our second largest shareholder.”

Mr Creasy said these transactions demonstrated a common goal between the three parties to unlock further value in the fertile Fraser Range. 

“I see Legend as a key player in this quest,” he said.

Image: Mark Creasy, The West Australian.