Legacy Minerals Holdings Limited has secured one of Australia’s largest contained nickel and cobalt deposits in central New South Wales, previously held by Jervois Global Limited. The Nico Young deposit boasts an Inferred Mineral Resource of roughly 167.8 million tonnes grading 0.59% nickel and 0.06% cobalt, which translates to nearly one million tonnes of nickel and 100,000 tonnes of cobalt. An indicated higher grade zone further enhances the deposit’s appeal, positioning the asset as both technically and strategically significant given its compliance with the JORC 2012 Code. The deposit is comprised of two main mineralised zones—Ardnaree and Thuddungra—extending several kilometres along strike, with the majority of the mineralisation occurring within 50 metres of the surface. This near-surface exposure supports a mining approach using low-cost open cut methods, with potential recovery via heap leaching processes. Detailed geological work, including extensive drilling campaigns, block modelling with cell sizes as fine as 75 m x 25 m x 1 m, and sophisticated quality assurance protocols, underpins the current resource estimate and reinforces the technical robustness of the project. The strategic advantages of the Nico Young deposit are accentuated by its location, with ready access to rail, road infrastructure, and proximity to coastal ports. Additionally, the asset is free of liabilities, encumbrances or private royalties—a benefit inherited from its previous ownership—while also offering prospective additional value through the potential recovery of scandium and possibly platinum group elements. With currently depressed nickel and cobalt prices driven by oversupply in the market, the counter-cyclical acquisition puts Legacy in an attractive position to capitalize on future market improvements. Investor sentiment appears mixed. On the bullish side, the low-cost, royalty-free acquisition of such a significant deposit, combined with its near-surface mineralisation and infrastructure advantages, bodes well for long-term value as critical metals for battery production gain prominence. The technical credentials and extensive previous exploration work add confidence to its potential. On the bearish side, the resource is currently classified as Inferred, meaning further drilling and studies are required to enhance confidence and convert the resource into mineable reserves. Moreover, existing market oversupply and uncertain short-term commodity price trends could pose challenges before market conditions improve favorably. Overall, Legacy Minerals Holdings Limited’s strategic move to secure the Nico Young deposit presents both compelling upside potential and challenges that require further exploration, making it a noteworthy development for market participants watching the evolving critical metals sector.