Legend Mining Limited · ASX:LEG
Legend Mining — Paydirt Nickel Conference 2021
28 slides from Legend Mining's conference presentation, Oct 5, 2021
Slide 1: Unlocking Rockford – Fraser Range, WA
ASX:LEG Unlocking Rockford – Fraser Range, WA For personal use only PAYDIRT NICKEL CONFERENCE 5 October 2021 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: Environmental, Social, and Corporate Governance
Environmental, Social, and Corporate Governance For personal use only Legend Mining prides itself on continuing, developing, and maintaining excellent Stakeholder Relationships Reflected in our updated ESG Policies found at: www.legendmining.com.au ‘Walking the Talk on Stakeholder Relationships’ 3
Slide 4: Contents
CONTENTS For personal use only 1. Nickel Market Commentary 2. About Legend ➢ Investment case ➢ Rockford Project location ➢ Mawson Prospect ➢ Regional Exploration ➢ 2021 Activity Programs 3. Summary ‘A ‘green metal’ story from a project with enormous growth potential’ 4
Slide 5: Batteries to become almost 30% of nickel market by 2030
BATTERIES TO BECOME ALMOST 30% OF NICKEL MARKET BY 2030 For personal use only "Demand for nickel in batteries is estimated to grow by over 500% over the next decade, in large part to support the world's rising demand for electric vehicles“ Vandita Pant, BHP Nickel West ‘A bigger slice of bigger pie’
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT RIGHT PEOPLE - RIGHT COMMODITY - STRONG CASH POSITION For personal use only Capital Structure and Financials Market Capitalisation Cash ~$210M (2.7B @ 7.6c ps) $26.3M* Options Debt 147M@7.2c 7-9/2022 Nil Directors & Senior Management Board of Directors Key Management Michael Atkin
Slide 7: Why invest in Legend?
WHY INVEST IN LEGEND? ✓ Right People For personal use only ➢ Experienced corporate and technical team ➢ JV Partners and major shareholders ➢ - Creasy Group (regional experience) ➢ - IGO (regional experience) ✓ Biggest block on best street (~3000km2) ✓ Nickel – Future Facing Commodity ✓ Strong cash p
Slide 8: Rockford Project Location
ROCKFORD PROJECT LOCATION For personal use only ▪ Fraser Range, Western Australia ▪ 120km NE of Nova / 100km S of Tropicana ▪ 100% within Fraser Zone ▪ Primary Exploration Target Magmatic Ni-Cu-Co ▪ Outstanding Existing Infrastructure ▪ Transport and Power ▪ Communications ‘Excellent infrastructure
Slide 9: Why explore in the Albany Fraser Belt?
WHY EXPLORE IN THE ALBANY FRASER BELT? For personal use only Mawson (Ni-Cu-Co) Note: Mawson details released by Legend (ASX releases 2021) IGO Nova Site Visit Presentation 2 August 2019 (p.58) ‘The Fraser Range is a compelling, potential world class Nickel Belt’ 9
Slide 10: Fraser Range – Main Players
FRASER RANGE – MAIN PLAYERS For personal use only Main Players ‘Want Fraser Range Nickel Exposure? – Legend is the Leverage Play’ 10
Slide 11: The Mawson Intrusive Complex
THE MAWSON INTRUSIVE COMPLEX Greater Mawson For personal use only • 16kmx6km – interpreted as clusters of intrusives • Largely untested target areas • Massive nickel-copper sulphide in multiple diamond drill holes in 2020/2021 has increased prospectivity • Geochemistry, geology and geophysics have a
Slide 12: Mawson Evolving Through Systematic Exploration
MAWSON EVOLVING THROUGH SYSTEMATIC EXPLORATION February 2021 August 2021 For personal use only 29 DD holes Chonolith ~400m strike length 1x Massive Ni-Cu-Co Zone 34 DD holes Chonolith +1.4km strike length 3x Massive Ni-Cu-Co Zones ‘ M a ws o n – A n Ev o l v i n g S to r y ’ 12
Slide 13: Mawson Intrusion - 3D Model
MAWSON INTRUSION - 3D MODEL For personal use only Mawson Intrusion - 3D Model ‘ M a ws o n C o nt i nue s to Ev o l v e & G r o w ’ 13
Slide 14: Mawson – Project De-risking – Metallurgy
MAWSON – PROJECT DE-RISKING - METALLURGY For personal use only Phase 1 Sighter Metallurgy Completed RKDD034 – Massive Ni-Cu-Co Domain ✓ Recovery and concentration via conventional flotation ✓ Separate Nickel and Copper concentrates ✓ High recoveries Cu (%) Composite Head Assay Ni (%) Fe (%) S (%) Mg
Slide 15: Mawson – Project De-risking – Environmental
MAWSON – PROJECT DE-RISKING - ENVIRONMENTAL For personal use only Phase 1 Environmental Surveying Completed Level 1 Flora & Fauna Survey Completed ✓ Large Survey Area >1600ha. ✓ No PEC’s or TEC’s identified ✓ Focused Future surveys to refine footprint ‘ L e v e l 1 F & F C o mpl ete d a c r o s s M
Slide 16: Rockford Regional Targets
ROCKFORD REGIONAL TARGETS For personal use only Regional Target Pipeline – Testing 2021 ▪ Project scale target analysis identifies over 30 new highly-ranked targets ▪ Innovative MLTEM scheduled for highest ranked targets ▪ Diamond drilling Octagonal, Magnus, Hurley, and Crean underway ▪ +$4M planned
Slide 17: Octagonal & Magnus Prospects
OCTAGONAL & MAGNUS PROSPECTS For personal use only Two ‘Eye’ Feature Intrusions • Distinctive Nova type ‘eye’ features • Aircore drilling identified prospective Ni-Cu intrusions and sulphides • Right intrusive rocks for nickel-copper e.g. Voisey’s Bay • Diamond drilling & DHTEM underway ‘Two Prospec
Slide 18: Magnus Prospect
MAGNUS PROSPECT For personal use only • Distinctive ‘eye’ feature (4.5km x 1.2km) • Aircore drilling identified troctolite and fractionated norite • First diamond drillhole intersects Right intrusive rocks for Ni-Cu e.g. Voisey’s Bay • Basal contact below 600m? ‘ S a me H o s t R o c k s a s V o i s
Slide 19: Octagonal Prospect
OCTAGONAL PROSPECT For personal use only • Distinctive ‘eye’ feature (4km x 2km) • Third publicly disclosed occurrence of massive nickel-copper sulphide in Fraser Range • Fertile system, multiple Ni-Cu intercepts over +3km strike length • Many similarities to Nova intrusion • First diamond drillhole
Slide 20: Octagonal 'Eye' vs Nova 'Eye'
OCTAGONAL ‘EYE vs NOVA ‘EYE’ For personal use only Identical Fold Features • Distinctive ‘eye’ feature (4km x 2km) • Nova-Bollinger Mineralisation 450m- 600m below surface • Octagonal intrusion thicker >1000m? • Below surface EM reach ‘Octagonal…the twin sister of Nova?’ 20
Slide 21: Hurley Prospect
HURLEY PROSPECT For personal use only • Anomalous Ni-Cu Geochemistry e.g. RKAC1032 12m @ 0.19%Ni, 0.02%Cu RKAC1100 9m @ 0.06%Ni, 0.05%Cu • Identified EM conductors • Right rocks – mafic intrusives • Diamond drilling & DHTEM underway \ ‘Highly Ranked Target’ 21
Slide 22: Crean Prospect
CREAN PROSPECT For personal use only • Anomalous Ni-Cu geochemistry e.g. RKAC520 11m @ 0.42%Ni, 0.01%Cu RKAC538 28m @ 0.17%Ni, 0.02%Cu • Identified EM conductors • Right rocks – mafic intrusives • Diamond drilling & DHTEM underway \ ‘Evolving Prospect’ 22
Slide 23: Recognised Industry Professionals
RECOGNISED INDUSTRY PROFESSIONALS For personal use only A & A CRAWFORD RN&N ENGLAND Geological Research Consultants Petrologist Geochemical Services Pty Ltd ‘Legend team supported by world class consultants – punching above our weight’ 23
Slide 24: Rockford 2021 Work Programs
ROCKFORD 2021 WORK PROGRAMS For personal use only 2021 Jul Aug Sep Oct Nov Dec Mawson Prospect Target Generation Diamond Drilling Geophysics DHTEM Regional Statutory Approvals Geophysics MLTEM/FLTEM/DHTEM Aircore Drilling Diamond Drilling Magnus/Octagonal Hurley/Crean ‘ E x p l o r at i o n O n g o
Slide 25: Become a Legend!!
BECOME A LEGEND!! For personal use only ✓ Right Project, Right Commodity, Right Time ✓ Systematic, Persistent, Committed ✓ Well Funded to Execute ✓ Right People ✓ Continue to Grow Shareholder Value ‘Committed Exploration to Grow Shareholder Value’ 25
Slide 26: Mawson Camp
For personal use only ‘ M a ws o n C a m p ’ 26
Slide 27: Thank you
For personal use only Thank you Oliver Kiddie Executive Director ASX:LEG @LegendMiningLtd w w w. l e g e n d mi n i n g . co m. a u 27
Slide 28: Legend Mining Limited
For personal use only Legend Mining Limited www.legendmining.com.au @LegendMiningLtd ASX : LEG