Legend Mining Limited · ASX:LEG
Legend Mining — Australian Nickel Conference 2016
15 slides from Legend Mining's conference presentation, Oct 20, 2016
Slide 1: Legend – A Well Funded Active Nickel Explorer
For personal use only LEGEND – A WELL FUNDED ACTIVE NICKEL EXPLORER 20 October 2016 Australian Nickel Conference ASX:LEG
Slide 2: Disclosure
For personal use only DISCLOSURE 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: Nickel Market Commentary – China Mining 2016
NICKEL MARKET COMMENTARY – CHINA MINING 2016 • Key takeaways For personal use only – Innovate to deal with new normal (single digit growth/little demand impetus) – Sluggish growth world wide – Supply side restructure to survive – China in deep structural transition (Baosteel/Wuhan merger) • Belt Roa
Slide 4: Nickel Market Commentary – Belt Road Initiative
NICKEL MARKET COMMENTARY – BELT ROAD INITIATIVE • Euphemism for Infrastructure to Facilitate Trade-Access to Commodities RUSSIA For personal use only – Xilinhot (inner Mongolia) - Grand Farm Meat Facility KAZAKHSTAN – JV with V&V Walsh opened September 2016 MONGOLIA Xilinhot (10,000 lambs and 1,000
Slide 5: Nickel Market Commentary – About Nickel
NICKEL MARKET COMMENTARY – ABOUT NICKEL • Fundamental change from surplus to deficit WORLD NICKEL SUPPLY 2015 For personal use only Madagascar 55.4 3% Cuba 57.4 3% China 96.8 4% Brazil 117.5 5% Indonesia COUNTRIES 144.8 7% New Caledonia 185.8 9% Australia 186.1 9% Russia 226.7 11% Canada 230.0 11% O
Slide 6: About Legend
For personal use only ABOUT LEGEND ASX listed exploration company Market capitalisation ~$20.3M (2B shares @ 1.0c) Cash and liquids ~$11.2M as at 30 September 2016 (includes $3M receivable December 2016) Fraser Range – Rockford Project Chairman Managing Director Exec. Director - Technical Co
Slide 7: Project Location
PROJECT LOCATION • Located in northern Fraser Range district For personal use only • Acquisition date – 09/2015 • 70/30 JV with Creasy Group • 120km NE of Nova 100km S of Tropicana • 100% within Fraser Zone (16% of total area) • Infrastructure access • Project potential for - Nova style Nickel-Coppe
Slide 8: Exploration Activities – First Twelve Months
EXPLORATION ACTIVITIES – FIRST TWELVE MONTHS Systematic Strategy For personal use only • Target selection - detailed aeromagnetics and gravity • MLTEM, FLTEM & DHTEM surveys • Five RC drillholes for 1,160m completed at Area D • Two diamond drillholes for 1,301m completed at Area D 8 ROCKFORD PROJECT
Slide 9: Rockford – Lithological Similarity to Nova Setting
ROCKFORD – LITHOLOGICAL SIMILARITY TO NOVA SETTING • Upper & lower gabbro units Legend’s RKDD002 – Simplified Drill Log Summary For personal use only Interval Description • Sulphidic metasediment/granulite (“sulphur source”) 0 – 80.6m Regolith 80.6 – 207.0m Gabbro 207.0 – 603.5m Mafic-Felsic Granuli
Slide 10: Rockford – Diamond Hole Assays and Petrology
ROCKFORD – DIAMOND HOLE ASSAYS AND PETROLOGY • Results from two deep diamond holes For personal use only − Sulphide rich country rocks, “sulphur source” po − Anomalous nickel (0.17%) pn copper (0.09%) assay results po • Pentlandite-chalcopyrite in cumulate cpy ultramafic, (“The right host rock”) Met
Slide 11: Rockford – Current Activities – MLTEM Surveys
ROCKFORD – CURRENT ACTIVITIES - MLTEM SURVEYS • Regional high powered MLTEM surveys For personal use only • EM system has ability to detect conductors +500m, as evidenced by intersected conductors at Area D • Broad line spacing, slingram configuration • Ability to test on regional scale 11 ROCKFORD
Slide 12: Rockford – Current Activities – Aircore Drilling
For personal use only ROCKFORD – CURRENT ACTIVITIES – AIRCORE DRILLING • 80 holes for ~5,000m • Testing eight areas • Regolith profile – cover depth • Basement lithologies • Lithogeochemical signature of basement rocks 12 ROCKFORD PROJECT
Slide 13: Rockford Project – Summary
For personal use only ROCKFORD PROJECT – SUMMARY • Highly Prospective Rockford Project • Recent M&A Activity • Well Funded • Experienced Team • Grow Shareholder Value 13 ROCKFORD PROJECT
Slide 14: Rockford Project
For personal use only ROCKFORD PROJECT 14 ROCKFORD PROJECT
Slide 15: Thank You
For personal use only THANK YOU 15 ASX:LEG