Legacy Minerals Holdings Limited (ASX:LGM) has been awarded two grants totaling $148,000 from the New South Wales Government under their New Frontiers Exploration Program.

The $100,000 grant will fund a diamond drilling program at the Bauloora Epithermal Gold Project and the $48,000 grant will fund a drone magnetic survey over a 47.5km2 area.

The grants will support the first diamond drilling campaign into the Breccia Sinter Prospect and the geophysical survey which will extend data along vein trends and help identify structures of the low sulphidation system.

The drilling campaign at the Breccia Sinter Prospect is expected to commence in Quarter 2 to 3 and the geophysical survey will commence later in Quarter 2.

Following the announcement, shares of Legacy Minerals Holdings (ASX:LGM) were unchanged at $0.19.