Hyderabad : Legacy Iron Ore Ltd, state-owned NMDC Ltd’s Australian arm, has signed an agreement with ASX-listed TNG Ltd acquire the latter’s Manbarrum Zinc- Lead-Silver Project in the northern territory of the country. The Manbarrum tenements consist of three exploration licences and two mineral authorities (the tenements), which cover a combined area of approximately 407 square kilometers, Legacy said in a filing with ASX (Australian Securities Exchange).

The acquisition will position the company with a dominant position in a major base-metal and ferrous area and may also provide an interest in the Legune prospect and other base-metal deposits in the region, Legacy Iron Managing Director Sharon Heng said.

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