Legacy Minerals Holdings Limited · ASX:LGM
Legacy Minerals — Sydney Mining Club (July 2024)
26 slides from Legacy Minerals's conference presentation, Jul 4, 2024
Slide 1: Targeting High-Value Discoveries
79 29 Au Cu For personal use only Targeting High-Value Discoveries Christopher Byrne CEO and Managing Director 4 July 2024 Sydney Mining Club chris.byrne@legacyminerals.com.au +61 (0) 499 527 547
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: Legacy Minerals Assets
3 Legacy Minerals Assets Why the Lachlan Fold Belt NSW? Drilling Campaigns in 2024 • Continued discovery success e.g. Achilles (ASX: AGC), Spur (ASX: WTM) Black Range Au-Ag LGM 100% For personal use only • Home to Australia’s premier Cu-Au porphyry district and largest gold mine • Discovery potentia
Slide 4: Company Overview
4 Company Overview1 Share Price $0.30 Market Cap $30.5M Shares Top 20 Liquidity 23/24 CY 105M 46% ~$.6M month For personal use only 0.35 10000000 Share Price $AUD 9000000 0.3 8000000 0.25 $0.20 IPO 7000000 Cash – 31 Mar Cash – 30 Jun Debt Volume 0.2 0.15 6000000 5000000 4000000 $3.2M $3.0M Nil 30000
Slide 5: Value Proposition
5 Value Proposition Actively drilling with four projects drilled in 2024 100% Owned Projects Joint Ventures For personal use only • Aggressive exploration targeting world class gold and copper deposits • 6 x 100% owned high-quality projects - no royalties • Financed pathway to mining under earn in j
Slide 6: Why Buy A Junior Miner With A Minority Stake?
6 Why Buy A Junior Miner With A Minority Stake? Value Proposition – LGMs Partnership Projects Greatland – Newcrest JV1 Greatland Gold Share Price 3 Year Period (> x 10) For personal use only • $60M for 70% over 7 years • Greatland to fund its 30% • As of 2023 ~$300M in debt/debt facility 3.4Moz Au L
Slide 7: Bauloora
Bauloora Large scale programs underway and fully funded For personal use only
Slide 8: Bauloora – Drilling Underway
8 Bauloora – Drilling Underway Targeting a Tier-1 Epithermal Deposit Bauloora Project Primary Vein Field and Current Targets Ongoing discovery exposure For personal use only • Drilling to commence imminently Newmont Joint Venture ($15M)1 • Discovery focused joint venture • LGM option for 20% loan ca
Slide 9: Black Range
Black Range For personal use only Drilling a high-grade gold target
Slide 10: Black Range
10 Black Range 100% ownership of a large underexplored epithermal system District scale control – 905km2 license Black Range Project Main Prospects For personal use only • Newcrest were the last to complete significant exploration over 30 years ago 1 • Newcrest relinquished the ground in 1992 (Cadia
Slide 11: Sugarbag Hill - Diamond Drilling May 2024
11 Sugarbag Hill - Diamond Drilling May 2024 Coincident pathfinder element targets • The latest soil sampling results at Sugarbag Hill have mapped1: • A 3.5km x 1.2km zone of elevated low-sulphidation epithermal Au-Ag pathfinder For personal use only elements • 2.2km long gold trend >20ppb Au (up to
Slide 12: Glenlogan
Glenlogan Frontier Exploration for a Major Discovery For personal use only
Slide 13: Targeting a Copper-Gold Porphyry Giant
13 Targeting a Copper-Gold Porphyry Giant Partnership with S2 Resources Tier-1 Cadia-style porphyry target For personal use only • Planning underway for testing the target in 2024 Rio Tinto did not drill test • Rio Tinto last held in the ground in 1994 and did not drill test the target due to modell
Slide 14: Magnetic signatures of world class porphyry's
14 Magnetic signatures of world class porphyry's ‘Bullseye Targets’ For personal use only 6km Cadia East, NSW, Australia Grasberg, Indonesia Alumbrea, Argentina Copper-Gold Copper-Gold Copper-Gold Comparison in aeromagnetic signature between Cowra in NSW and the Cadia East (AUS), Grasberg (IND) Alum
Slide 15: Thomson
Thomson Belt Scale Exploration Opportunity For personal use only
Slide 16: Numerous bullseye magnetic and gravity targets
16 Numerous “bullseye” magnetic and gravity targets New, untested search space Discovery Upside • For personal use only Highly prospective for Iron Oxide Copper-Gold and Intrusion Related Gold discoveries. • Havieron (IRG, 8.4Moz AuEq) and Carrapatenna (IOCG, 5.1Mt Cu, 7Moz Au ) are notable undercov
Slide 17: Drake
Drake Extensive Underexplored Cu-Au mineral system For personal use only
Slide 18: Unlocking a massive Gold-Copper system
18 Unlocking a massive Gold-Copper system ‘Legacy’ project with new exploration vision and approach • Historical focus on mining has left behind great targets An untested copper opportunity For personal use only • Extensive copper oxide potential across several kilometers • Porphyry ‘smoke’ but yet
Slide 19: Extensive high-grades demonstrate system potential
19 Extensive high-grades demonstrate system potential Why we are here: right grades and right textures For personal use only Porphyry D-vein Examples of epithermal vein textures from drill holes KYDD003 at 65.5m, WRDD012 at 120m and 146.5m and interpreted porphyry D-veins in KYDD001 at 52.5m (Commen
Slide 20: Our strategy to unlock value
20 Our strategy to unlock value Next steps at the Drake Project The Basic Steps • For personal use only Compiling a comprehensive database of all historical surface and drilling assays, as well as historical geological maps, mining activities and geophysical surveys Modern and Systematic Exploration
Slide 21: Fontenoy
Fontenoy Artificial Intelligence PGE-Ni-Cu Discovery For personal use only
Slide 22: Reaping the reward of Artificial Intelligence
22 Reaping the reward of Artificial Intelligence EarthAI Strategic Alliance Discovery Drillhole – February 20241 • 34m at 0.5g/t 3E PGE* including a higher grade zone of: For personal use only • 10m at 1.2g/t 3E PGE, 0.2% Ni and 891ppm Cu from 388m down-hole. Unlocked potential for magmatic-related
Slide 23: Investment Case
Investment Case Targeting high value discoveries 1. Multiple share price catalysts • For personal use only Actively drilling with three more upcoming drill campaigns in the next 6 months 2. Strong and supportive register • Tight capital structure presents significant growth opportunities 3. Focused
Slide 24: Appendices – Endnotes
24 Appendices – Endnotes Slide 3, Slide 8, Slide 10 1 Alkane Resources Kaiser Resource Estimate of ~4.7M Gold Equivalent 27 February 2023; 2 Silver Mines, Ord Minnett East coast Mining Conference, March 2023; 3 Alkane Resource and Reserve Statement FY22, 9 September 2022; 4 Newcrest Mining Annual Mi
Slide 25: Appendices – Endnotes (continued)
25 Appendices – Endnotes (continued) Slide 6:1 Greatland Gold, greatlandgold.com/wp-content/uploads/2023/08/2023.08.07-Greatland-Diggers-Dealers-Presentation.pdf, greatlandgold.com/wp- content/uploads/2022/09/22092022-GGP-Corporate-Update-Sep-2022-vfinal.pdf 2: ASX LGM: 5 April 2023 Newmont Farm-in
Slide 26: Drake Mineral Resource Estimate as at 26 March 2024
26 Appendices – Endnotes (continued) Drake Mineral Resource Estimate as at 26 March 2024 Grade Metal Resource Deposit Tonnes Classification Au (g/t) Ag (g/t) Zn (%) Cu (%) Au (koz) Ag (koz) Zn (kt) Cu (kt) (Mt) For personal use only Indicated (JORC 2012) 2.2 1.48 1.74 0.49 0.08 105 123 10.7 1.7 Stra
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