Legacy Minerals Holdings Limited · ASX:LGM
Legacy Minerals — Brisbane RRS (13 February 2025)
20 slides from Legacy Minerals's conference presentation, Feb 13, 2025
Slide 1: Closing in on the next big discovery
For personal use only Closing in on the next big discovery 79 47 29 Au Ag Cu Chris Byrne, CEO & Managing Director 13 February 2025 Brisbane RRS chris.byrne@legacyminerals.com.au +61 499 527 547
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 – NSW's largest ASX Explorer
3 Legacy Minerals – NSW’s largest ASX Explorer 100% Owned Projects - 7,067km2 For personal use only Thomson, Drake, and Black Range Joint Venture Projects -1,070km2 Bauloora, Fontenoy, Glenlogan, Cobar Map of NSW showing Legacy Minerals tenements and geographical location of major mining and explora
Slide 4: Legacy Minerals at a glance
4 Legacy Minerals at a glance Share Price $0.17 Market Cap $21M Shares Top 20 Joint Venture Funding 125M 42% $28.3M For personal use only 0.35 10000000 Share Price $AUD 9000000 0.3 8000000 0.25 7000000 Options Debt Volume 0.2 6000000 Cash – 31 Dec 0.15 5000000 4000000 24M ($0.2, $0.3) $3.1M Nil 0.1
Slide 5: Drake
Drake 79 Au 47 Ag 29 Cu Brownfields Discovery Opportunity with multi-million- ounce system potential For personal use only
Slide 6: The Drake Project
6 The Drake Project A rare, advanced “brown-field” discovery opportunity Discovery Upside – Porgera style Cu-Au deposit (~19.7Moz)1 analogue For personal use only • One of the largest mineral systems in NSW within a >160km2 caldera setting. • Multitude of untested discovery opportunities Widespread
Slide 7: Drake – Rich Discovery Opportunity
7 Drake – Rich Discovery Opportunity Target rich-epithermal space1 • 3,367 total historical mining features, increased from approximately 1,663 known previously. For personal use only • Scale and density of workings highlights the size of mineral system present. Extensive Mineral System Footprint2 •
Slide 8: Drake – Brownfields Opportunity
8 Drake – Brownfields Opportunity Drake Mineral Resource Estimate Exploration upside with key infrastructure already in place 2017 PFS demonstrates robust base case1 23% For personal use only • The Stage One Pre-feasibility study confirms Mt Carrington as a 77% of the MRE outside of 2017 viable gold
Slide 9: Thomson
Thomson Big belt scale exploration opportunity For personal use only
Slide 10: Thomson Belt Scale Au-Cu Opportunity
10 Thomson Belt Scale Au-Cu Opportunity Frontier exploration across 5,500km2 Big targets - Intrusion Related Au-Cu Potential • Concept confirmed through analysis of historic drilling For personal use only • Target rich environment • Numerous bulls-eye magnetic and gravity anomalies • Large alteratio
Slide 11: Analogue Deposit: Havieron Deposit (Greatland Gold)
11 Analogue Deposit1 Havieron Deposit (Greatland Gold)1 Au-Cu Intrusion Related Deposit • Havieron is an intrusion- related system with gold and copper mineralisation For personal use only hosted in breccia, vein and massive sulphide (pyrrhotite dominant) styles • High grade gold and copper minerali
Slide 12: CUT-B Anomaly
12 CUT-B Anomaly1 Compelling Geophysical Target Confirmed Intrusion related Au-Cu Potential • Proof of concept confirmed in historic drilling For personal use only • Untested gravity anomaly along strike of strong and extensive alteration intercepted in drilling • Proximal IRG-Cu pathfinders indicat
Slide 13: Upcoming Drilling - F4 Anomaly Mag Modelling
13 Upcoming Drilling - F4 Anomaly Mag Modelling Undrilled high priority target For personal use only Plan view of the F4 magnetic anomaly shells (>0.006 SI) over 3D magnetic inversion model anomaly shells (>0.006 SI) aerial image. (section 6613500mN, MGA94 z54). • Undrilled standout magnetic anomaly
Slide 14: Joint Venture Projects
Joint Venture Projects $28.5M in JVs sees sustained discovery effort For personal use only
Slide 15: The upside in a JV - non-dilutive potential for value creation
15 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 16: Fontenoy on track to deliver a breakthrough
16 Fontenoy on track to deliver a breakthrough Significant new PGE discovery in 2024 Fontenoy - Australia’s best exploration PGE drill hit in 20241 For personal use only • The maiden campaign delivered2: • 120m at 0.3g/t 3E PGE* including a higher-grade zone of: • 10m at 1.2g/t 3E PGE, 0.2% Ni and 8
Slide 17: Glenlogan – S2 Resources JV ($6m)
17 Glenlogan – S2 Resources JV ($6m) Drill targeting geophysics underway Preliminary Drill Observations1 For personal use only • Late magmatic chalcopyrite and elevated copper • May represent the fringes of a nearby potentially mineralised porphyry intrusion. • >100m of pyrite alteration to end of h
Slide 18: Bauloora – Newmont ($15M)
18 Bauloora – Newmont ($15M) Assays pending from 2024 drilling and generative exploration progressing Primary Vein Field and Current Targets Joint Venture Terms1 For personal use only • Up to $15M spent over 8 years. • Minimum drill meters. • LGM option for 20% loan carried to mining. District scale
Slide 19: Feb/Mar Catalysts
Big Targets New Ideas New Tech Discovery ready Feb/Mar Catalysts For personal use only • MRE Update (Drake) • Drill Assays Due (Fontenoy) • Al Fleet Space Survey (Thomson) • Drill Assays Due (Drake) • Airborne MT Survey (Drake) • Antimony Rock Chips Due (Drake) • Drill Assays Due (Bauloora) • Drilli
Slide 20: Appendices – Endnotes
20 Appendices – Endnotes Intro Slide 3: 1 Blue Ocean Equities, Waratah Minerals Research Initiation (8 October 2024), Australia's Identified Mineral Resources 2023, Mineral Exploration, 1 March 2024, Geoscience Australia Drake Slide 6: 1 World Gold, 2 Pacific Rim Epithermal https://corbettgeology.co
Legacy Minerals Holdings — Brisbane RRS (13 February 2025) on 6ix