Slide 1: Investor Presentation – Mawson: A progressive developing story
For personal use only ASX:LEG November 2020 Investor Presentation Mawson – A progressive developing story ASX: LEG
Slide 2: Disclosure
DISCLOSURE For personal use only This is not a disclosure document. Any material used in this presentation is a summary of selected data, and any investor in Legend Mining Limited should refer to all Legend Mining Limited ASX releases and statutory reports before considering to invest in the company
Slide 3: Contents
CONTENTS For personal use only 1. Nickel Market Commentary 2. About Legend Investment Case Rockford Project Location Mawson – A Progressive Developing Story Rockford Project Activities 2020 3. Summary “ The Fertile Fraser Range” 3
Slide 4: Nickel Market Commentary – About Nickel
NICKEL MARKET COMMENTARY – ABOUT NICKEL For personal use only Nickel Prices and Inventory • 12 months ago deficits likely – now surplus (Covid-19 damaged near term demand) • SS > 70% primary Ni demand (recent SS price weakness) • Role of Indonesia critical to medium term market outlook – ongoing Chi
Slide 5: About Legend
ABOUT LEGEND – ASX:LEG For personal use only Market capitalisation ~$335M (Shares 2.7B@12.5c) (Options – 75M@4c 3/2021; 149M@7.2c 7-9/2022) Cash and receivables ~ $31.5M (includes $2.25M receivable from Jindal) @ 30/09/2020 Fraser Range – Rockford Project Board of Directors Top 20 Shareholde
Slide 6: Investment Case - Fundamentals
INVESTMENT CASE - FUNDAMENTALS For personal use only Right People • Experienced corporate and technical team ASX:LEG • JV Partners and major shareholders - Creasy Group (regional experience) - IGO (regional experience) Biggest block on best street (3,088km2) Nickel – Future Facing Commodity
Slide 7: Rockford Project Location
ROCKFORD PROJECT LOCATION For personal use only • Located in northern Fraser Range district • 120km NE of Nova / 100km S of Tropicana • 100% within Fraser Zone (19% of total area) • Project potential for − Nova style Nickel-Copper − VMS style Copper-Zinc-Silver − Tropicana style Gold • Infrastructur
Slide 8: Why Explore in the Albany Fraser Belt?
WHY EXPLORE IN THE ALBANY FRASER BELT? For personal use only “IGO believes in the Albany Fraser Belt and is positioning itself of exponential growth.” “IGO Nova Site Visit Presentation 2 August 2019 (p.58)” 8
Slide 9: Fraser Zone Land Holders
FRASER ZONE LAND HOLDERS For personal use only Main Players Regional spend producing results – value add Leverage play is Legend 9
Slide 10: Rockford Prospect Locations
ROCKFORD PROSPECT LOCATIONS Regional Programmes For personal use only • Regional aircore programmes targeting co-incident mag lows/gravity highs/MLTEM conductors • MLTEM success at Hurley • Project scale geochem analysis highlights prospectivity at Crean & Hurley • Follow up AC/RC/diamond drilling •
Slide 11: Mawson 3D Gravity Inversion Model
MAWSON 3D GRAVITY INVERSION MODEL For personal use only “Progressive Developing Mawson Story” 11
Slide 12: Mawson Diamond, RC and Aircore Drillhole Locations
MAWSON DIAMOND, RC AND AIRCORE DRILLHOLE LOCATIONS For personal use only Aircore Drilling • Western and eastern geochemical footprint RC Drilling • Great tool for geology and DHTEM DHTEM • Targeting tool for diamond drilling Diamond Drilling • Massive sulphides in holes 7, 8, 11, 13, 17, 23 & 27 • F
Slide 13: Diamond Drillhole RKDD021 & RKDD023
DIAMOND DRILLHOLE RKDD021, 023 & 025 For personal use only RKDD021, 023 & 025 • Circa 200m from known mineralisation • 12.95m massive sulphide intercepts (RKDD023) • +90m mineralised intercept (RKDD023) • Structural observations point to remobilised mineralisation • DHTEM plates show strong conducta
Slide 14: Mawson Diamond Drillhole & DHTEM Conductor Locations
MAWSON DIAMOND DRILLHOLE & DHTEM CONDUCTOR LOCATIONS For personal use only 15
Slide 15: New DHTEM Conductors
NEW DHTEM CONDUCTORS For personal use only RKDD025 – Off hole conductor • 25,000-70,000S very strong • Below 90m of mineralisation in RKDD025 inc. 12.95 massive nickel-copper sulphides • Model suggests strike of 80m RKDD026 – Off hole conductor Mawson Diamond Drillhole Locations • 6,000-15,000S mode
Slide 16: 2020 Work Programmes at Rockford
2020 Work Programmes at Rockford For personal use only Jul Aug Sept Oct Nov Dec MAWSON PROSPECT Diamond Drilling RKDD021 - ongoing RC Drilling RKRC011 - ongoing Geophysics DHTEM DHTEM Environmental L1 F&F REGIONAL Geophysics MLTEM/FLTEM Aircore Drilling Ongoing “Regular News Flow”
Slide 17: Summary
SUMMARY • Highly Prospective Rockford Project ASX:LEG For personal use only − Mawson discovery Dec 2019 – quantum step forward • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and JV Partners • Grow Shareholder Value “Highly leveraged to success” 18
Slide 18: Legend Mining Limited
For personal use only Legend Mining Limited www.legendmining.com.au @LegendMiningLtd ASX : LEG