Shares of Legacy Iron Ore (ASX:LCY) increased as much as 11.1% to A$0.020, a point not touched since mid-August.

This diversified mining company has signed a strategic infrastructure sharing agreement with Linden Gold Alliance.

Legacy Iron Ore (ASX:LCY) reports that this agreement will accommodate mine workers from the firm’s onshore operations.

The deal will also allow the company’s fly-in fly-out workforce access to the airstrip, and medical facilities at the mine.

Over 1.6 million shares were traded, which is considerably higher than the 30-day average volume of 482,934 shares.

Despite this surge, the company’s stock has seen a decrease of 5.3% until its last closure.

Legacy Iron Ore (ASX:LCY) is a diversified mining company with a focus on iron ore and gold.