Legacy Minerals Holdings Limited · ASX:LGM
Legacy Minerals — Shareholder Meeting (November 2025)
28 slides from Legacy Minerals's shareholder meeting presentation, Nov 25, 2025
Slide 1: 2025 Annual General Meeting
For personal use only 2025 Annual General Meeting Focused on discovery; real momentum Managing Directors Presentation Chris Byrne, CEO & Managing Director
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: Company Introduction
3 Company Introduction Key Discovery Investment Development Potential Leverage For personal use only Assets Mt Carrington Leveraged Discovery Exposure Tight Structure, Key Growth Catalysts • 100% owned, 1.2Moz AuEq1 Resource • Multiple discovery opportunities as the • Low shares on issue and $6M in
Slide 4: Where Legacy Minerals Operates
4 Where Legacy Minerals Operates NSW: A world-class minerals and mining jurisdiction For personal use only • Home to Australia’s largest gold mine (Cadia) and continued discovery success • Value demonstrated by global mining company investment • Since 2023, NSW has seen A$16B in mining M&A deals and
Slide 5: Corporate Overview
5 Corporate Overview Our Team Corporate Snapshot1 For personal use only Shares issued Shares Price 168M $0.23 Market Cap Enterprise Value Dr David Carland Non-Executive Chairman Douglas Menzies Non-Executive Director Matthew Wall Non-Executive Director $37m $34m Cash2 Debt $6m Nil Options Christophe
Slide 6: Macro Thematics and the Junior Company Case
6 Macro Thematics and the Junior Company Case Gold & Silver Markets 1. Gold and silver prices are not being factored into junior company valuations 2. Micro-caps are starting to gain momentum and recognition as being fundamentally undervalued For personal use only 3. Strongest share price performanc
Slide 7: Strategy to deliver shareholder value
7 Strategy to deliver shareholder value Discovery and Development Focus 1. Discovery For personal use only Focused discovery to expand Mt Carrington providing ongoing, share price catalysts as well as JV driven catalysts Development 2. Development Development of the Mt Carrington to deliver sustaine
Slide 8: Mt Carrington
Mt Carrington District-scale discovery opportunity with an advanced development project For personal use only 79 47 29 Au Ag Cu
Slide 9: New Vision, New Approach
9 New Vision, New Approach Advanced gold-silver asset with district-scale discovery upside • Opportunity: Large, under-explored 160km2 mineralised caldera with proven high- Multiple value-creation opportunities grade mineralisation (gold + silver + copper) through resource growth, development For pe
Slide 10: 2025 1.2Moz Gold-Equivalent Resource
10 2025 1.2Moz Gold-Equivalent Resource1 One of NSW’s largest undeveloped deposits 34.4Mt at 1.1g/t gold-equivalent (AuEq) – 0.65Moz Au, 24.3Moz Ag, 147kt Zn, 33kt Pb, 20kt Cu2 For personal use only Mt Carrington Substantial platform for growth • New MRE provides company exceptional base to start ad
Slide 11: Mt Carrington 2025 Phase Scoping Study
11 Mt Carrington 2025 Phase 1 Scoping Study Stage 1 2025 Scoping Study demonstrates robust base case1 17% Financials A$5,000 For personal use only NPV8 $388M IRR 141% Free Cash Flow $405M 83% ASIC A$1,726, open-pit, 34koz Au pa, Mining Metrics A$47M CAPEX 83% of the MRE is outside of 2025 SS Expande
Slide 12: New technology unpacking a large mineral system
12 New technology unpacking a large mineral system For personal use only ~17km RTP magnetics with drill collars (black) 1 Major Deposits2 New Geophysical Data3 ASX: LGM Note: references on this slide are in the Appendix – Endnotes on Slides 28
Slide 13: Drilling underway
13 Drilling underway New conceptual targets being tested1 • Battery Prospect the first regional target to be tested in 30 years • Potential for breccia-hosted and epithermal-porphyry related mineralisation For personal use only • Up to 4,500m of drilling approved – six initial drill holes planned Mo
Slide 14: Further high grade silver targets
14 Further high grade silver targets1 Mascotte drilling planned • The last drilling focused on the main Mascotte line of workings was completed in 1969-1970 For personal use only • The drilling was shallow - less than 70m deep, was never followed up and did not assay for gold. • Significant results
Slide 15: New technology unlocking new targets
15 New technology unlocking new targets Potential depth and continuity that is untested • Detailed Airborne Mobile-MT data review has identified significant conductivity trends1 • Experts engaged who are familiar with the MT survey data used by K92 Mining Inc. at the Kainantu Mine2 • Compelling disc
Slide 16: Size of the Prize Potential: Kainantu – Exceptional AuEq Growth
16 Size of the Prize Potential: Kainantu – Exceptional AuEq Growth1 Epithermal-porphyry systems potential to extend at depth • Across the Mt Carrington Projects, there are 3,319 drill holes with an average depth ~50m For personal use only • Less than 5% of the drilling is deeper than 150m down-hole
Slide 17: Large Undrilled Targets
17 Large Undrilled Targets 3D modelled IP highlighting undrilled chargeability extensions1 Gladstone For personal use only North Kylo Porphyry Target Silver All Nations King Guy Bell WCD003 Mt Carrington South 1,500m Oblique view looking north of 3D merged model of existing IP over Mt Carrington, sh
Slide 18: Joint Venture and Pipeline Projects
Joint Venture and Pipeline Projects Discovery opportunity depth to the portfolio For personal use only Thomson Project Fontenoy Project Nico Young (100% LGM) Bauloora (100% LGM)
Slide 19: The upside in a JV – non-dilutive potential for value-creation
19 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 20: Thomson
Thomson Big belt scale exploration opportunity For personal use only
Slide 21: Thomson Project – Tier-1 Cu-Au Potential
21 Thomson Project – Tier-1 Cu-Au Potential Rio Tinto Exploration Option to Earn-In1 Pathway to Discovery For personal use only • Leverage Rio Tinto’s global expertise in discovery, development of IRCG systems • Cover sequence geophysically transparent • Shallow cover means cost-effective drilling B
Slide 22: Next steps
Next steps Dual track strategy to deliver value For personal use only
Slide 23: 2025 – Milestones
23 2025 – Milestones Drilling, target generation, and significant progress at Mt Carrington 2025 Milestones For personal use only Mt Carrington - Discovery Mt Carrington - Development Wider Exploration Portfolio • New drilling assays including 95m at 1.03g/t • Targets funded and drilled at Glenlogan
Slide 24: 2026 – The Year Ahead
2026 – The Year Ahead Dual track strategy to deliver value 2026 Exploration and Development Plan For personal use only Mt Carrington - Discovery Mt Carrington - Development Wider Exploration Portfolio • Drilling and results from Mascotte, • Delivery of Expanded Stage 2 Scoping Study • Ongoing drilli
Slide 25: A dynamic and innovative gold & silver explorer-developer in NSW
25 A dynamic and innovative gold & silver explorer-developer in NSW Focused on discovery; real momentum For personal use only Ongoing share price catalysts Resources leveraged to gold and silver price Micro-caps starting to be re-rated LGM’s capability backed by major in the market miners ASX: LGM
Slide 26: Thank You
For personal use only Thank You Chris Byrne CEO & Managing Director chris.byrne@legacyminerals.com.au +61 499 527 547 ASX: LGM
Slide 27: Appendix A: Mt Carrington Mineral Resources
27 Appendix A: Mt Carrington Mineral Resources1 Resource Tonnes and Grade Contained Metal Prospect Classification AuEq Tonnes (Kt) Au (g/t) Ag (g/t) Cu% Pb% Zn% AuEq (g/t) Au (Koz) Ag (Koz) Cu (kt) Pb (kt) Zn (kt) (Koz) Indicated 2,818 1.1 3.1 0.09 0.07 0.6 1.5 98 281 2.5 2.0 16 136 For personal use
Slide 28: Appendices – Endnotes
28 Appendices – Endnotes Intro Slide 3: 1 LGM ASX Release, 18 September 2025, Metallurgical Study Commences at Mt Carrington Project Intro Slide 4: 1 Blue Ocean Equities, Waratah Minerals Research Initiation (8 October 2024), Australia's Identified Mineral Resources 2023, Mineral Exploration, 1 Marc
Legacy Minerals Holdings — Shareholder Meeting (November 2025) on 6ix