Legacy Minerals Holdings Limited · ASX:LGM
Legacy Minerals — Australian Gold Conference 2025
23 slides from Legacy Minerals's conference presentation, Oct 14, 2025
Slide 1: Development + Discovery in NSW's Premier Mineral Belts
79 47 29 Au Ag Cu Development + Discovery in NSW’s Premier Mineral Belts For personal use only A dual-track pathway to near-term value-creation • Unlocking the 1.2Moz AuEq Mt Carrington Project1 • Leveraged upside from JV-funded exploration Australian Gold Conference – 14 Oct 2025 Thomas Wall – Dire
Slide 2: Disclaimer
2 Disclaimer This presentation may contain certain statements and projections provided by or on behalf of Legacy Minerals Holdings Limited (ASX: LGM, Legacy Minerals, or the Company) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by
Slide 3: Investment Highlights
3 Investment Highlights Development Discovery Investment Asset Potential Leverage For personal use only Mt Carrington – Core Value-Driver Leveraged Discovery Exposure Tight Structure, Key Growth Catalysts • 100% owned, 1.2Moz AuEq1 Resource • Multiple discovery opportunities as the • Low shares on i
Slide 4: Legacy Minerals – Location, Location, Location
4 Legacy Minerals – Location, Location, Location A dynamic and innovative explorer-developer, with an extensive and high-quality 9,000km2 portfolio spanning the premier Lachlan Fold Belt and New England Fold Belt, the premier exploration and mining belts in NSW. For personal use only Map of NSW show
Slide 5: Corporate Overview
5 Corporate Overview Our Team Corporate Snapshot1 For personal use only Shares issued Shares Price 168M $0.26 Market Cap Enterprise Value Dr David Carland Non-Executive Chairman Douglas Menzies Non-Executive Director Matthew Wall Non-Executive Chairman $46m $40m Cash2 $6m Options Debt Nil Christophe
Slide 6: Mt Carrington
Mt Carrington 1.2Moz Gold Equivalent Resource For personal use only 79 47 29 An advanced gold-silver project in the New England Fold Belt with near- Au Ag Cu term development optionality and district-scale discovery upside.
Slide 7: Mt Carrington – New Vision, New Approach
7 Mt Carrington – New Vision, New Approach Development-ready asset with district-scale discovery upside • Opportunity: Large, under-explored 160km2 mineralised caldera with proven high-grade mineralisation (gold + silver + copper) For personal use only • Resource: 1.2Moz AuEq1 MRE (gold-dominant, si
Slide 8: Current 2025 1.2Moz Gold-Equivalent Resource
8 Current 2025 1.2Moz Gold-Equivalent Resource1 One of NSW’s largest undeveloped deposits 34.4Mt at 1.1g/t gold-equivalent (AuEq) – 0.65Moz Au, 24.3Moz Ag, 147kt Zn, 33kt Pb, 20kt Cu For personal use only White Rock Mt Carrington Substantial platform for growth • New MRE provides company exceptional
Slide 9: 2025 Phase 1 Scoping Study
9 2025 Phase 1 Scoping Study1 2025 Scoping Study Robust financials base case – based on just 17% of MRE 17% Financials A$5,000 For personal use only NPV8 $388M IRR 141% Free Cash Flow $405M 83% ASIC A$1,726, open-pit, 34koz Au Mining Metrics pa, A$47M CAPEX 83% of the MRE is outside of 2025 SS Poten
Slide 10: New technology unpacking a large mineral system
10 New technology unpacking a large mineral system For personal use only ~17km RTP magnetics with drill collars (black) 1 Major Deposits2 New Geophysical Data2 ASX: LGM Note: references on this slide are in the Appendix – Endnotes on Slides 22
Slide 11: New technology unlocking new targets
11 New technology unlocking new targets Potential depth and continuity that is untested • Detailed Airborne Mobile-MT data review has identified significant conductivity trends1 • Experts engaged who are familiar with the MT survey data used by K92 Mining Inc. at the Kainantu Mine • Compelling disco
Slide 12: Drilling underway
12 Drilling underway New conceptual targets being tested • Battery Prospect the first regional target to be tested in 30 years • Potential for breccia-hosted and epithermal-porphyry related mineralisation For personal use only • Up to 4,500m of drilling approved – six initial drill holes planned Mob
Slide 13: Mascotte drilling approved
13 Mascotte drilling approved Mascotte drilling planned • The last drilling focused on the main Mascotte line of workings was completed in 1969-1970 For personal use only • The drilling was shallow - less than 70m deep, was never followed up and did not assay for gold. • Significant results included
Slide 14: Size of the Prize Potential: Kainantu – Exceptional AuEq Growth
14 Size of the Prize Potential: Kainantu – Exceptional AuEq Growth1 Epithermal-porphyry systems potential to extend at depth • Across the Mt Carrington Projects, there are 3,319 drill holes with an average depth ~50m For personal use only • Less than 5% of the drilling is deeper than 150m down-hole
Slide 15: Large Undrilled Targets
15 Large Undrilled Targets 3D modelled IP highlighting undrilled chargeability extensions1 Gladstone For personal use only North Kylo Porphyry Target Silver All Nations King Guy Bell WCD003 Mt Carrington South 1,500m Oblique view looking north of 3D merged model of existing IP over Mt Carrington, sh
Slide 16: Joint Venture Projects
Joint Venture Projects Partnerships ensure sustained discovery opportunities For personal use only 79 47 29 The right partnerships on the right projects minimises dilution and Au Ag Cu financing risk while retaining exposure to significant value-creation.
Slide 17: The upside in a JV – non-dilutive potential for value-creation
17 The upside in a JV – non-dilutive potential for value-creation Like 100%-owned projects, partnerships can deliver significant returns for shareholders SP: $28.50 SP: £0.99 SP: $28 SP: $6.51 SP: £0.371 MC: $355m MC: £134m MC: $1.04b MC: $257m MC: £1.48b For personal use only SP: $0.42 MC: $3.24m S
Slide 18: Thomson Project - Intrusion Related Copper and Gold
Thomson Project - Intrusion Related Copper and Gold Option to enter JV $25 million for 80%1 For personal use only An exciting new joint venture with leading global miner Rio Tinto, targeting major copper-gold discoveries in a new frontier location.
Slide 19: Thomson Project – Tier-1 Cu-Au Potential
19 Thomson Project – Tier-1 Cu-Au Potential Frontier exploration across 5,500km2 Pathway to Discovery For personal use only • Leverage Rio Tinto’s global expertise in discovery, development of IRCG systems • Cover sequence geophysically transparent • Shallow cover means cost-effective drilling Big t
Slide 20: Key Investment Takeaways
20 Key Investment Takeaways Delivering growth and discovery success in Tier-1 NSW locations • 1.2Moz AuEq1 Resource underpins company valuation • Near-term development optionality For personal use only • Drilling underway at significant Au-Ag-Cu targets • Portfolio of strategic joint ventures • Tigh
Slide 21: For personal use only
For personal use only Thomas Wall Director and Exploration Manager thomas.wall@legacyminerals.com.au ASX: LGM
Slide 22: Appendices – Endnotes
22 Appendices – Endnotes Intro Slide 1: 1 LGM ASX Release, 18 September 2025, Metallurgical Study Commences at Mt Carrington Project. Intro Slide 3: 1 LGM ASX Release, 18 September 2025, Metallurgical Study Commences at Mt Carrington Project; 2 LGM ASX Release, 16 May 2025, $7.75M Secured in Institu
Slide 23: Appendix A: Mt Carrington Mineral Resources
23 Appendix A: Mt Carrington Mineral Resources Resource Tonnes and Grade Contained Metal Prospect Classification AuEq Tonnes (Kt) Au (g/t) Ag (g/t) Cu% Pb% Zn% AuEq (g/t) Au (Koz) Ag (Koz) Cu (kt) Pb (kt) Zn (kt) (Koz) Indicated 2,818 1.1 3.1 0.09 0.07 0.6 1.5 98 281 2.5 2.0 16 136 For personal use
Legacy Minerals Holdings — Australian Gold Conference 2025 on 6ix