Legacy Iron Ore Ltd · ASX:LCY
Legacy Iron Ore — Investor Presentation (November 2019)
29 slides from Legacy Iron Ore's investor presentation, Nov 26, 2019
Slide 1: Legacy Iron Ore Limited Investor Presentation
Nuggets found at Mt Celia For personal use only Legacy Iron Ore Limited Investor Presentation November 2019 (ASX:LCY)
Slide 2: Disclosure and Disclaimer
Disclosure and Disclaimer ▪ The information contained in this Report is of a general nature and is for information purposes only, and has been prepared by For personal use only Legacy Iron Ore Limited in good faith and with due care but no representation or warranty, express or implied, is provided
Slide 3: Project Overview – Multi Commodity focus
Project Overview – Multi Commodity focus For personal use only LCY Project Status (Exploration Maturity) • Resource Definition and Feasibility Stage – Mt Bevan Magnetite (Tier 1- deposit)* • Advanced Stage Exploration (Resource Definition*) – Mt Celia gold project (>184,000 Oz Au)* – Yerilla and Yil
Slide 4: Legacy Iron Ore – Investment Highlights
Legacy Iron Ore – Investment Highlights Legacy Iron Ore Limited (“Legacy Iron”) is a Perth-based Australian resources company For personal use only focused on the development of gold, iron ore, base metals, and manganese deposits. Promising Gold project - Mt Celia 1 Focus on the development of the M
Slide 5: Company Overview
Company Overview Legacy Iron is listed on the Australian Stock Exchange (ASX Code: LCY). The company For personal use only currently holds a 3.9% shareholding in JV partner Hawthorn Resources (ASX: HAW) Capital Structure ASX:LCY Shares on issue 1,468,264,157 Share price as at 18 November 2019 $0.004
Slide 6: Experienced & Capable Board
Experienced & Capable Board For personal use only ▪ Chairman-cum-Managing Director of NMDC Limited. N.B. Kumar ▪ 35 years experience in administrative roles in state and central government as an Indian Non Executive Administrative Services officer of 1985 batch. Chairman ▪ Held the position of Addit
Slide 7: Expert Management Team Assembled
Expert Management Team Assembled Legacy Iron has assembled a management team with a high level of both technical For personal use only and commercial experience and a proven track record in resource project development and commodities markets Rakesha Gupta ▪ Mining Engineer with a high quality of en
Slide 8: Cornerstone Investor – NMDC (78.56%)
Cornerstone Investor – NMDC (78.56%) Major Indian shareholder National Mineral Development Corporation (“NMDC”) currently For personal use only holds a 78.56% stake in Legacy Iron. NMDC is committed to the company’s evolution from junior explorer to gold producer ▪ India’s largest iron ore producer
Slide 9: Core Focus: Develop the Mt Celia gold project
Core Focus: Develop the Mt Celia gold project For personal use only November 2019
Slide 10: South Laverton Gold Project – Mt Celia Geology & Location
South Laverton Gold Project – Mt Celia Geology & Location An area of Significant Gold For personal use only Mineralisation and Producing Mines Mt Celia Project Source: historical regulatory reports on Mt Celia tenement Legacy Iron Ore – July Nov 2014 2019 10
Slide 11: Mt Celia – GOLD
11 For personal use only Mt Celia – GOLD Legacy Iron Ore – July Nov 2014 2019 11
Slide 12: Mt Celia Achievements
For personal use only Mt Celia Achievements • Resource estimation: Deposit Classification Cut-off(g/t) Tonnage (t) Grade (g/t) Metal (OZ) ✓ The total inferred resource for the Mt Celia project increased by approximately 138% to 184,100 oz. Kangaroo Bore Inferred 0.7 2,800,000 1.48 133,000 ✓ Blue Pet
Slide 13: Mt Celia Project Kangaroo Bore and Blue Peter
Mt Celia Project Kangaroo Bore and Blue Peter Sections For personal use only B B’ A A’ A’ B’ See ASX announcement dated 17/11/2017, B 22/03/2018 and 15/10/2018 N A 14 Legacy Iron Ore – July Nov 2014 2019 13
Slide 14: Kangaroo Bore and Blue Peter Pit Outlines
Mt Celia Project Kangaroo Bore and Blue Peter Pit Outlines For personal use only KB BP KB BP See ASX announcement dated 15/10/2018 15 Legacy Iron Ore – July Nov 2014 2019 14
Slide 15: Mt Celia – Multiple Nuggets Found August 2019
Mt Celia – Multiple Nuggets Found August 2019 For personal use only • Gold nuggets have been reported in a number of areas in the LCY’s Mt Celia Lease 18 gms 16 Legacy Iron Ore – July Nov 2014 2019 15
Slide 16: Mt Celia: Exploration Potential At Depth
Mt Celia: Exploration Potential At Depth • Majority of the drill holes so far have tested depth up to 200m only For personal use only 16 Legacy Iron Ore – July Nov 2014 2019 16
Slide 17: Kangaroo Bore: Exploration Potential
Kangaroo Bore: Exploration Potential For personal use only • (a) High-grade intersection in the felsic volcanics in the SW of the KB (sub parallel to KB footwall mineralisation) • (c) S and N extensions of Kangaroo Bore ore body to be matured so can be used in the resource estimates • (b) Numerous s
Slide 18: Company's Plan: Year and Long Term
1 8 Company’s Plan: Year 1 and Long Term For personal use only Year 1 (FY 21 March year end) • Kangaroo Bore resource upgrade/reserve definition. • Commence process for regulatory approvals for mining. • Strategic Drilling at Blue Peter to establish the continuity between current resources Year 2 (F
Slide 19: Other Gold projects - Sunrise Bore and Yilgangi
Other Gold projects - Sunrise Bore and Yilgangi For personal use only Sunrise Bore • Relatively recent and large tenement. At an early stage of exploration. • Multiple high quality targets identified that required follow-up • Four high priority targets identified • Geophysical interpretation underwa
Slide 20: Other Gold projects – Yerilla and Patricia North
2 0 Other Gold projects – Yerilla and Patricia North For personal use only Yerilla • Contains a non-JORC compliant resource (Bull Terrier Deposit) • Work to date has focussed on QAQC assessment of historic data to be used in resource upgrade Patricia North • Directly along strike from Patricia Mine
Slide 21: Mt Bevan – Iron Ore
Mt Bevan – Iron Ore Mt Bevan is Legacy Iron’s world class iron ore resource For personal use only ▪ Mt Bevan is situated 100km west of Leonora in the Central Yilgarn, an emerging iron ore region of WA: - Close proximity to existing iron ore projects and road, rail and port facilities ▪ Legacy Iron o
Slide 22: High Quality Deposit at Shallow Depths
High Quality Deposit at Shallow Depths Mt Bevan has the potential for relatively low-cost mining due to the For personal use only shallow nature of the ore body ▪ JORC Indicated resource calculated for only a 2km strike of the 10km strike mineralisation ▪ Shallow ore body with 100 metres + thick mag
Slide 23: Favorable Fe Characteristics
Favorable Fe Characteristics Mt Bevan’s iron ore product quality compares Product Recoveries - Test work For personal use only favorably with typical Western Australian iron Other WA Mt Bevan ore projects Projects Grind size required 50µm→55µm 26µm→35µm ▪ Excellent results from product recoveries te
Slide 24: Legacy Iron is pursuing opportunities across a broader portfolio of assets
Legacy Iron is pursuing opportunities across a For personal use only broader portfolio of assets November 2019
Slide 25: East Kimberley Projects
East Kimberley Projects East Kimberley is prospective for gold, base metals, East Kimberley Projects Map For personal use only REE, Tugsten and manganese mineralisation ▪ Koongie Park prospect (E820/4221) is contiguous with Anglo Australian Resource’s tenement with substantial base and precious meta
Slide 26: Summary & Investment Highlights
Summary & Investment Highlights To become a Producer of Gold, whilst continuing to advance and acquire other For personal use only projects and mining assets Flagship Gold Project - Mt Celia 1 Focus on the development of the Mt Celia gold project to generate revenue Further Resource Exploration Pros
Slide 27: Our Vision and Strategy
OUR VISION AND STRATEGY: For personal use only To become a Producer of gold, whilst continuing to advance and acquire other projects s Contact: Rakesh Gupta Legacy Iron Ore Limited Tel: +61 (8) 9421 2000 Email: info@legacyiron.com.au
Slide 28: Appendix – JORC Resources
Appendix 1 – JORC Resources Mt Bevan JORC Resource Estimate1, 3 For personal use only Concentrate Classification Tonnes (Mt) Fe (%) (Mt) Indicated 322 34.7 142 Inferred 847 35.0 387 Total2 1,170 34.9 530 1 Please refer to the company’s JORC statement released to the ASX on 16 December 2013 2 Totals
Slide 29: Competent Person's Statement
Competent Person’s Statement For personal use only ▪ The information in this report that relates to Exploration Results is based on information compiled by Bhupendra Dashora who is a member of AusIMM and employed by Legacy Iron Ore Limited. Mr. Dashora has sufficient experience which is relevant to
Legacy Iron Ore — Investor Presentation (November 2019) on 6ix