Legend Mining Limited · ASX:LEG

Legend Mining — RIU Conference 2018

16 slides from Legend Mining's conference presentation, Feb 20, 2018

1. Slide 1: Going the Distance in the Fraser Range

   For personal use only ASX:LEG Going the Distance in the Fraser Range 20 February 2018 RIU Conference

2. 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

3. Slide 3: Contents

   For personal use only “Going the Distance in the Fraser Range” CONTENTS 1. Nickel Market Commentary 2. About Legend  Investment Case  Rockford Project Location  Rockford Project Activities 3. Summary 3

4. Slide 4: Nickel Market Commentary – About Nickel

   NICKEL MARKET COMMENTARY – ABOUT NICKEL 2015 – 2018 Global Balance For personal use only • Balance in deficit since 2016 predicted to continue • *Stockpiles diminishing from peak 900Kt (2015) to 650Kt (2017) • Price increase from US$3.80/lb to US$6.20/lb • China and USA stainless steel demand robust

5. Slide 5: About Legend

   For personal use only ABOUT LEGEND  ASX listed exploration company  Market capitalisation ~$46M (2B shares @ 2.3c)  Cash and liquids ~$8.3M as at 31 December 2017 (includes $3M receivable from Jindal)  Fraser Range – Rockford Project Chairman Managing Director Exec. Director - Technical Company

6. Slide 6: Investment Case

   INVESTMENT CASE Fundamentals For personal use only • Right People  Experienced corporate and technical team  Partner and major shareholder - Creasy Group (regional experience) • Biggest block on best street (2,792 km2 in Fraser Zone) • Main Commodity – Nickel (stockpiles diminishing – price rising

7. Slide 7: Project Location

   PROJECT LOCATION Rockford Project For personal use only • Located in northern Fraser Range district • 120km NE of Nova / 100km S of Tropicana • 100% within Fraser Zone (18% of total area) • Project potential for − Nova style Nickel-Copper − Tropicana style Gold • Infrastructure access “Project poten

8. Slide 8: Fraser Zone Land Holders

   FRASER ZONE LAND HOLDERS Main Players For personal use only Legend Active & Funded Creasy Group Active & Private Legend Independence (“IGO”) Active & ~$3B MC  Leverage play is Legend  M&A by mid-tiers bring back life to area 8

9. Slide 9: Rockford Project Update – Systematic Approach

   ROCKFORD PROJECT UPDATE – SYSTEMATIC APPROACH Summary to Date For personal use only • 25 Areas selected from aeromag and gravity • 21 conductors identified by innovative MLTEM • Drilling: 4 diamond holes for 2,652m 10 RC holes for 2,266m 180 aircore holes for 11,797m • Exploration spend Sept15 to De

10. Slide 10: Area D – Right Location

    AREA D – RIGHT LOCATION • Within the Fraser Zone For personal use only  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 lies on NE margin of cent

11. Slide 11: Area D – Aircore Drilling

    AREA D – AIRCORE DRILLING Area D – Drillholes on Aeromagnetics • Multiple aeromag targets For personal use only within 16km x 5km feature • RC/DD Drilling – July 2016 Positive petrology • November 2017 first aircore programme – broad spaced • March 2018 follow up infill aircore around RKAC151 & RKAC

12. Slide 12: Area D – Right Lithology

    AREA D – RIGHT LITHOLOGY • RKDD002 - Ultramafic with cumulate texture containing disseminated pyrrhotite and minor pentlandite-chalcopyrite For personal use only • Sulphidic metasediments/granulite (sulphur source) • RKAC151 – Olivine rich Gabbronorite (Nova host rock) - 47m @ 0.30% Ni, 0.11% Cu, 0.

13. Slide 13: Current/Future Programmes

    For personal use only CURRENT/FUTURE PROGRAMMES 2018 • March to May 2018 – 8,000m aircore programme • Continued systematic approach MLTEM, FLTEM, LF EM surveys • Follow up RC/DD testing 13

14. Slide 14: Summary

    For personal use only SUMMARY • Highly Prospective Rockford Project − Two years on ground <10% area first pass EM tested • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and Partner • Grow Shareholder Value “Highly leveraged to success” 14

15. Slide 15: Area D – Aircore Drillhole RKAC151 & Petrology

    For personal use only AREA D – AIRCORE DRILLHOLE RKAC151 & PETROLOGY ASX:LEG THANK YOU

16. Slide 16: Legend Mining Limited

    For personal use only LEGEND MINING LIMITED WWW.LEGENDMINING.COM.AU 16

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