Slide 1: RIU Explorers Conference February 2019
ASX:LEG 1 RIU Explorers Conference February 2019
Slide 2: Disclosure
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. Any forward looking
Slide 3: Contents
CONTENTS 1. Nickel Market Commentary 2. About Legend Investment Case Rockford Project Location Rockford Project Activities 3. Summary 3 “Prospective Fraser Range”
Slide 4: Nickel Prices and Inventory
NICKEL MARKET COMMENTARY – ABOUT NICKEL Nickel Prices and Inventory • Balance in deficit since 2016, predicted to continue • Stockpiles diminishing from peak 900Kt (2015)* • Price increase from US$3.80/lb (2016) to US$5.60/lb ($7.13 max April 2018) • Tariff and trade-war - Brexit - uncertainty – neg
Slide 5: About Legend
ABOUT LEGEND ASX listed exploration company Market capitalisation ~$61M (2B shares @ 3cps) Cash and liquids ~$6.5M as at 31 December 2018 (includes $3M receivable from Jindal) Fraser Range – Rockford Project Chairman Managing Director Exec. Director - Technical Company Secretary Michael Atki
Slide 6: Investment Case: Fundamentals
INVESTMENT CASE Fundamentals • Right People Experienced corporate and technical team JV Partner and major shareholder - Creasy Group (regional experience) • Biggest block on best street (2,379km2 in Fraser Zone) • Main Commodity – Nickel (stockpiles diminishing – price rising) • Cashed up (sever
Slide 7: Project Location
PROJECT LOCATION Rockford Project • Located in northern Fraser Range district • 120km NE of Nova / 100km S of Tropicana • 100% within Fraser Zone (15% of total area) • Project potential for − Nova style Nickel-Copper − Tropicana style Gold • Infrastructure access – transport, power 7 “Project potent
Slide 8: Area D – Right Location
AREA D – RIGHT LOCATION • Within the Fraser Zone Defined by 430km long gravity “trend” Mapped as mafic / ultramafic intrusives Analogies to Thompson Belt in Canada which contains clusters of orebodies Contains three gravity “Hot Spots” • Area D on margin of central “Hot Spot” • Nova and Silv
Slide 9: Fraser Zone Land Holders
FRASER ZONE LAND HOLDERS MAIN PLAYERS Legend Active & Funded Creasy Group Active & Private Independence (“IGO”) Active & ~$2.8B Mkt Cap Galileo Mining New IPO – Creasy backed Regional spend producing results – value add 9 Leverage play is Legend
Slide 10: Rockford Project Update – Systematic Approach
ROCKFORD PROJECT UPDATE – SYSTEMATIC APPROACH Summary to Date • 25 Areas selected from aeromag and gravity • 32 conductors identified by innovative MLTEM • Drilling: 4 diamond holes for 2,652m 10 RC holes for 2,266m 524 aircore holes for 34,700m • Exploration spend Sept 15 to Dec 18 - $11.2M (Tax re
Slide 11: Rockford Project Update – Current Programmes (Area D)
ROCKFORD PROJECT UPDATE – CURRENT PROGRAMMES AREA D 2018 Aircore and innovative MLTEM programme • 9 new (D9-D17) and 2 remodelled (D3 & D5) conductors • Outstanding aircore geochemistry eg. RKAC183 – 14m @ 0.37% Ni, 0.43% Cu, 0.03% Co 2019 Programme - March commencement • New IP survey to assist dia
Slide 12: Rockford Project Update – Current Programmes (Shackleton Prospect)
ROCKFORD PROJECT UPDATE – CURRENT PROGRAMMES SHACKLETON PROSPECT Same stratigraphic package as Andromeda (IGO) 2018 Programme • Aircore drilling – 51 holes, 1,621m • Geochemical indications of VMS potential • First innovative MLTEM surveys – two conductors identified 2019 Planned Programme • RC dril
Slide 13: Rockford Project Update – Current Programmes (New Prospects)
ROCKFORD PROJECT UPDATE – CURRENT PROGRAMMES NEW PROSPECTS 2017 Programme • Area S – previously modelled S1 conductor 2018 Programme • Aircore drilling 5 holes 400m spacing RKAC505 – 9m @ 0.09% Cu, 0.06% Zn and 1.47g/t Au VMS potential • Regional line over mag low 400m spaced holes RKAC 520 – 11m @
Slide 14: Current/Future Programmes - Summary
CURRENT/FUTURE PROGRAMMES - SUMMARY 2019 Ongoing regional aircore programme – total to date 524 holes – 34,700m Continued systematic approach MLTEM, FLTEM, LF EM, IP surveys Follow up RC/DD testing Aircore Rig, Rockford Project EM Surveying , Rockford Project 16
Slide 15: Summary
SUMMARY • Highly Prospective Rockford Project − Three years on ground <10% area first pass EM tested • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and JV Partner Creasy says to Wilson: “This is what it looks like – go find it!” • Grow Shareholder Val
Slide 16: Thank You
SIR Nov 2011 (Nova discovery July 2012) 18 THANK YOU LEG May 2018