Legend Mining Limited · ASX:LEG
Legend Mining — NOOSA Mining & Exploration Investor Conference 2021
21 slides from Legend Mining's conference presentation, Jul 14, 2021
Slide 1: NOOSA Mining & Exploration Investor Conference
For personal use only ASX:LEG NOOSA Mining & Exploration Investor Conference Legend Mining – Rockford Project – Fraser Range, WA Virtual Presentation from Perth, WA 15 July 2021 ASX: LEG
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
Slide 3: Contents
CONTENTS For personal use only 1. Nickel market commentary 2. About Legend Investment case Rockford Project location Mawson Prospect Regional Exploration 2021 Activity Programs 3. Summary A ‘green metal’ story with a forward facing commodity 3
Slide 4: Nickel Market Commentary – About Nickel
NICKEL MARKET COMMENTARY – ABOUT NICKEL LME Nickel Prices and Inventory For personal use only • Current market deficit – predicted surplus • Role of Indonesia critical to medium term market outlook – ongoing China investment • Focus 2025 out – sky is the limit for EV use (Ni chemistries remaining ke
Slide 5: Nickel – Quarterly Global Nickel Supply/Demand Balance
NICKEL – ‘QUARTERLY GLOBAL NICKEL SUPPLY/DEMAND BALANCE’ For personal use only • Nickel market shows unexpected large deficit in first half 2021 • Massive demand growth (up 21.4% YoY) • Significant draw on LME & SHFE stocks • Indonesia – Major increase in NPI production • Predicted surplus to follow
Slide 6: Batteries to Become Almost 30% of Nickel Market by 2030
BATTERIES TO BECOME ALMOST 30% OF NICKEL MARKET BY 2030 For personal use only ‘ EV sales forecast – 10 times increase from 2020 to 2030’ 6
Slide 7: About Legend – Right People, Right Commodity, Strong Cash Position
ABOUT LEGEND – RIGHT PEOPLE, RIGHT COMMODITY, STRONG CASH POSITION For personal use only Capital Structure and Financials Market Capitalisation Cash ~276M (@ 10c ps) $31.1M* Options Debt 147M@7.2c 7-9/2022 Nil Directors & Senior Management Board of Directors Key Management Michael Atkins (Chairman)
Slide 8: Environmental, Social, and Corporate Governance
Environmental, Social, and Corporate Governance For personal use only Legend Mining prides itself on continuing, developing, and maintaining excellent Stakeholder Relationships Reflected in our updated ESG Policies found at: www.legendmining.com.au ‘Walking the Talk on Stakeholder Relationships’ 8
Slide 9: Why Invest in Legend?
WHY INVEST IN LEGEND? For personal use only Right People • Experienced corporate and technical team ASX:LEG • JV Partners and major shareholders - Creasy Group (regional experience) - IGO (regional experience) Biggest block on best street (~3000km2) Nickel – Future Facing Commodity RKDD034 S
Slide 10: Rockford Project Location
ROCKFORD PROJECT LOCATION For personal use only Fraser Range, Western Australia 120km NE of Nova / 100km S of Tropicana 100% within Fraser Zone Primary Exploration Target Magmatic Ni-Cu-Co Outstanding Existing Infrastructure Transport and Power ‘Excellent infrastructure – 300km east of K
Slide 11: Why Explore in the Albany Fraser Belt?
WHY EXPLORE IN THE ALBANY FRASER BELT? For personal use only Mawson (Ni-Cu-Co) Note: Mawson details released by Legend (ASX releases 2021) IGO Nova Site Visit Presentation 2 August 2019 (p.58) ‘The Fraser Range is a compelling, potential world class Nickel Belt’ 11
Slide 12: Fraser Range – Main Players
FRASER RANGE – MAIN PLAYERS For personal use only Main Players ‘Want Fraser Range Nickel Exposure? – Legend is the Leverage Play’ 12
Slide 13: The Mawson Intrusive Complex
THE MAWSON INTRUSIVE COMPLEX Greater Mawson For personal use only • 16kmx6km – interpreted as clusters of intrusives • Largely untested target areas • Massive nickel-copper sulphide in multiple diamond drill holes in 2020/2021 has increased prospectivity • Geochemistry, geology and geophysics have a
Slide 14: On Site at Mawson with Oliver Kiddie
ON SITE AT MAWSON WITH OLIVER KIDDIE For personal use only “ Ma ws on – A n Evol vi ng Stor y ” 14
Slide 15: Mawson So Far…
MAWSON SO FAR… Mawson Intrusion For personal use only 2.4km x 1.1km intrusion open in all directions Large Ni-Cu-Co system Significant thickness of massive Ni-Cu sulphide i.e. RKDD034 31.1m @ 2.80% Ni, 2.04% Cu, 0.15% Co Multiple intercepts identifying broad disseminated Ni-Cu sulphide halo
Slide 16: Mawson – Metallurgy
MAWSON – METALLURGY Phase 1 Sighter Metallurgy Completed For personal use only RKDD034 – Massive Ni-Cu-Co Domain Recovery and concentration via conventional flotation Separate Nickel and Copper concentrates High recoveries Optimisation to yield further improvement Project de-risking Flotat
Slide 17: Rockford Regional Targets
ROCKFORD REGIONAL TARGETS For personal use only Regional Targets – Testing 2021 Project scale target analysis identifies over 30 new targets Innovative MLTEM scheduled for highest ranked targets Follow up with infill AC drilling Test compelling targets with RC/DD +$4M planned regional expe
Slide 18: Recognised Industry Professionals
RECOGNISED INDUSTRY PROFESSIONALS For personal use only A & A CRAWFORD RN&N ENGLAND Geological Research Petrologist Consultants Geochemical Services Pty Ltd ‘Team supported by world class consultants – punching above our weight’ 20
Slide 19: Rockford 2021 Work Programs
ROCKFORD 2021 WORK PROGRAMS For personal use only 2021 Jul Aug Sep Oct Nov Dec Mawson Prospect Target Generation Diamond Drilling Geophysics DHTEM Regional Statutory Approvals Geophysics MLTEM/FLTEM/DHTEM Aircore Drilling Diamond Drilling Hurley/Crean Magnus/Octagonal 21
Slide 20: Join the Legend Journey….
JOIN THE LEGEND JOURNEY…. For personal use only Right Project, Right Commodity, Right Time Systematic, Persistent, Committed Well Funded to Execute Right People Continue to Grow Shareholder Value ‘ H i g hl y L evera g ed to Succes s ’ 22
Slide 21: Thank you
For personal use only Thank you Mark Wilson Managing Director ASX:LEG @LegendMiningLtd w w w. l eg endmi ni ng . com. a u 23
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