Slide 1: Legend, Cameroon, Iron Ore – Investor Presentation November 2011
Legend Mining Limited Level 2, 640 Murray Street, West Perth WA 6005 Tel: +61 8 9212 0600 | Fax: +61 8 9212 0611 For personal use only “Legend, Cameroon, Iron Ore” Investor Presentation November 2011
Slide 2: Company overview
For personal use only • Mineral Exploration Company with a strong cash position • Focussed on Iron Ore in West Africa • 2900km2 project area in Cameroon • One project area in Western Australia • Management strategy for growth - Delineate magnetite resource whilst continuing the search for DSO in Cam
Slide 3: Cameroon as a Nation
For personal use only Cameroon as a Nation • Small, peaceful and politically stable – only 20M people • Official languages: French, English • Religion: Christianity 70% Islam 20% • 70% rural and farming • Total trade with Australia: 2010-11 A$4B Source DFAT • Significant mining project developments
Slide 4: Management and organisation structure
For personal use only Managing Non-Executive Company Exploration Chairman Director Director Secretary Manager Michael Atkins Mark Wilson Dermot Ryan Dennis Wilkins Laurent Sapor 90% Camina SA Cameroon Managing Administration Community Exploration Director Manager Relations Manager Francis Mabou Chri
Slide 5: Capital Structure
Capital Structure For personal use only Shares 1,740 M (1/11/2011) Options 391M @ 4c (04/02/2015) 30M @ 6c (04/02/2015) 11.4M Employee Options *800M Performance Options (4/2/2015) Cash (incl. Shares) +$8.6M (30/09/2011) Capitalisation Capital and Structure $61M @ $0.035 (12 month range $40-170M) * a
Slide 6: For personal use only
For personal use only www.legendmining.com.au 6
Slide 7: People, Infrastructure, Project Size, Iron Ore Prospectivity
For personal use only People Infrastructure Project Size Iron Ore Prospectivity www.legendmining.com.au 7
Slide 8: Sundance Ltd Access Co-operation Agreement May 2011
For personal use only Sundance Ltd Access Co-operation Agreement May 2011 www.legendmining.com.au 8
Slide 9: For personal use only
For personal use only www.legendmining.com.au 9
Slide 10: Exploration Activity Summary
For personal use only 2972km2 contiguous area held by three granted exploration permits Extensive aeromagnetic survey completed February 2010 Red indicates highest total magnetic intensity Red areas much more extensive than indicated by previous mapping (BRGM 1986) Exploration Activity Summary www.l
Slide 11: Melombo East
For personal use only Melombo East A substantial target showing excellent early results First Assay Results • DH0044 – 116.2m @ 26.2% Fe • DH0046 – 80.5m @ 36.6% Fe 22 holes planned, planned completion by first quarter 2012 Legend recently purchased drill rigs and has drilling team in place Drillhol
Slide 12: Average DTR Product Grade for Sample Met1
For personal use only Average DTR Product Grade for Sample Met1 Product Mass % Fe Distribution% Fe% SiO2% Al2O3% P% S% LOI% Head 100 100 31.45 47.48 2.98 0.097 0.070 -0.89 Concentrate 36.8 82.7 70.8 1.42 0.20 0.006 0.028 -3.30 Coarse Grain Low Impurities High Iron Coarse Grind Simple Process Saleabl
Slide 13: Cameroon Project Location and Infrastructure
For personal use only Inputs Assumed location at Melombo East Assumed metallurgy from March 2011 test work Independent consultants conducted study Outputs Capex <US$1B Opex <US$50/t concentrate Cameroon Project Location and Infrastructure Takeaways Highlights quality of magnetite concentrate Highlig
Slide 14: Summary
For personal use only Magnetite Gneiss identified as host rock Positive Metallurgical Test/Quality Magnetite DSO Potential Drilling ongoing Reconnaissance work ongoing www.legendmining.com.au 14
Slide 15: Bringing Legend's Indomitable Aussie Exploration Spirit to Cameroon
For personal use only CAMEROON the home of the INDOMITABLE LIONS Bringing Legend’s Indomitable Aussie Exploration Spirit to Cameroon www.legendmining.com.au 15
Slide 16: Disclaimer
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. Any forwa