Four ASX shares that have not let that hold them back are listed below. Here's why they are charging higher:

Calix Ltd (ASX: CXL)

The Calix share price is up 6% to $7.59. This follows the release of the environmental technology company's annual general meeting presentation. That presentation talked up the company's development of multiple environmental business opportunities. Management estimates that it has several billion dollar plus opportunities.

Imugene Limited (ASX: IMU)

The Imugene share price is up 5.5% to 60.7 cents. This morning the immuno-oncology focused biopharmaceutical company announced a new clinical trial supply agreement with Merck and Pfizer. The parties intend to work together to evaluate the safety and efficacy of Imugene's HER-Vaxx when combined with avelumab in patients with HER-2 positive gastric cancer.

Legacy Iron Ore Limited (ASX: LCY)

The Legacy Iron Ore share price has jumped 84% to 3.5 cents. This follows news that the iron ore explorer has signed an agreement with a subsidiary of Gina Rinehart's Hancock Prospecting for the Mt Bevan iron ore project. This project is owned 60:40 by Legacy Iron Ore and Hawthorn Resources Limited (ASX: HAW). Hancock Magnetite has agreed to an earn-in under a subsequent joint venture agreement to develop the project.

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price is up 1.5% to $21.94. Investors have been buying this fashion jewellery retailer's shares after Macquarie upgraded them to an outperform rating with an improved price target of $25.00. The broker sees a very big opportunity for Lovisa in the China and India markets. Its analysts also believe the company's new CEO is a great fit.

The post Why Calix, Imugene, Legacy Iron Ore, and Lovisa shares are charging higher appeared first on The Motley Fool Australia.

The iron ore explorer's shares were up as much as 120% to 4.2 cents on Tuesday morning.

When the Legacy Iron Ore share price hit that level, it was up a whopping 200% since the end of last week.

Why is the Legacy Iron Ore share price on fire?

Investors have been bidding the Legacy Iron Ore share price higher following the release of a very positive announcement.

According to Monday's release, Legacy Iron Ore has signed an agreement with a subsidiary of Gina Rinehart's Hancock Prospecting relating to the Mt Bevan iron ore project. This project is owned 60:40 by Legacy Iron Ore and Hawthorn Resources Limited (ASX: HAW).

The Mt Bevan iron ore project is situated 250km north of Kalgoorlie and 100km west of Leonora in the Central Yilgarn region of Western Australia. The company notes that the project is on a large tenement E29/510 which hosts 1,170 Mt of magnetite resource @ 34.9% Fe.

What's the latest?

The release explains that Hancock Magnetite has agreed to an earn-in under a subsequent joint venture agreement to develop the project, pending favourable outcomes from further studies, statutory and regulatory approvals, and financial investment approvals.

Hancock Magnetite will make an initial investment of $9 million to earn a 30% interest in the project with $8 million cash being paid to Legacy and Hawthorn in proportion to their interest. The remaining $1 million is for working capital for the new joint venture.

Upon completion of the initial Investment, Hancock Magnetite will hold a 30% interest, Legacy will hold a 42% interest and Hawthorn will hold a 28% interest in the project.

In the future, Hancock can earn an additional 21% interest by funding the completion of a pre-feasibility study. At that point, Hancock will hold a 51% interest, Legacy will hold a 29.4% interest, and Hawthorn will hold a 19.6% interest in the project.

Legacy's CEO, Rakesh Gupta, commented "I am pleased to announce Hancock joining hands with Hawthorn and Legacy for developing the world class massive magnetite ore body – Mt Bevan Project. This is our first major step to fulfill our dreams to develop it."

"As you may be aware that the demand of premium high grade iron ore products magnetite has been growing due to its efficiency and ability to reduce the environmental pollution for the steel industry. I am highly confident that with the support of our parent company NMDC Limited (A Government of India Enterprise), Hancock Prospecting Pty Ltd and Hawthorn, this Project would be successfully developed and would bring a social- and economic boost to regional Yilgarn province, WA and ultimately Australia," he concluded.

The post Here's why the Legacy Iron Ore (ASX:LCY) has exploded 200% in 2 days appeared first on The Motley Fool Australia.

While its name may imply the Western Australian-based company solely explores for and mines iron, Legacy Iron is also focused on gold, tungsten and other mineral discoveries.

Below, we take a look at the ASX mineral explorer's latest gold results.

What gold results did Legacy Iron report?

Legacy Iron's share price is gaining today after the company reported promising results following the completion of a metallurgical testing program at its Mt. Celia Gold Project.

Those results include high gravity gold recovery averaging 47.5% across all the tests, with Legacy Iron adding there is "potential for increased gold recovery at finer grind size".

The newly completed testwork follows on from the initial results the company reported to market on 8 December. According to Legacy Iron the testing of the 3 new composite samples includes "diagnostic leach testing, ore sorting sighter testing and tailings geochemistry assessment."

The company will use the final results to move the Mt. Celia Gold Project to a prefeasibility level of study.

Commenting on the results, Legacy Iron's CEO Rakesh Gupta said:

Our results in December 2020 showed high recoveries of gold. These follow up metallurgical testwork results continue to confirm gold recoveries are high, with plenty of gravity recoverable gold and overall gold recovery in the mid-nineties.

The outcome of the results shows that this material could be processed at any conventional gold processing facility in the area or through a toll treatment agreement with local operators. These results also support the further development of our project and a pathway to production with all processing options being investigated.

Legacy Iron Ore share price snapshot

Legacy Iron first listed on the ASX in 2008.

Over the past 6 months, Legacy Iron shares are up 50%. That compares to a 15% gain on the All Ordinaries Index (ASX: XAO).

Things haven't gone as well for shareholders in 2021. Year-to-date the Legacy Iron Ore share price is down 70%.

The post Why the Legacy Iron Ore (ASX:LCY) share price jumped 29% this morning appeared first on The Motley Fool Australia.

Former Legacy boss Sharon Kia Le Heng appeared in Perth Magistrates Court on Friday facing allegations of theft from the ASX-listed mining business.

Karen Kwan, an ex-Legacy accountant, also appeared in court facing the same charges.

Prosecutors claim the pair stole about $725,000 over a period of 17 months in 2012 and 2013.

The Australian Securities and Investments Commission is accusing the two women of making 13 electronic transfers out of Legacy's bank account into an entity called Regency Infrastructure Pty Ltd.

Regency is allegedly a company controlled by Heng, with the corporate watchdog claiming there was "no legitimate basis" for the payments.

The Motley Fool has contacted Legacy Iron Ore for comment.

The court granted Heng and Kwan bail but with strict conditions they surrender their passports and not flee overseas.

The case has been adjourned to 26 March.

The Legacy share price was unchanged Monday, staying at 0.7 cents. 

The post ASX company boss accused of stealing appeared first on The Motley Fool Australia.