Legend Mining Limited · ASX:LEG

Legend Mining — Noosa Mining Virtual Conference 2020

14 slides from Legend Mining's conference presentation, Jul 14, 2020

  1. Slide 1: Mawson Exploration Success – The Value Driver

    For personal use only ASX : LEG “Mawson Exploration Success – The Value Driver” Noosa Mining Virtual Conference – 15-17 July 2020

  2. Slide 2: Disclosure

    DISCLOSURE For personal use only 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: About Legend – ASX:LEG

    ABOUT LEGEND – ASX:LEG For personal use only  Market capitalisation ~$350M (Shares 2.5B@14c) (Options – 150M@4c 9/2020; 78M@4c 3/2021; 149M@7.2c 7-9/2022)  Cash and receivables ~ $28.8M (includes $2.25M receivable from Jindal) @ 30/06/2020  Fraser Range – Rockford Project The Board of Directors 

  4. Slide 4: Investment Case - Fundamentals

    INVESTMENT CASE - FUNDAMENTALS  Right People For personal use only • Experienced corporate and technical team • JV Partners and major shareholders - Creasy Group (regional experience) - IGO (regional experience)  Biggest block on best street (3,088km2)  Nickel – Future Facing Commodity  Strong c

  5. Slide 5: Fraser Zone Land Holders

    FRASER ZONE LAND HOLDERS For personal use only MAIN PLAYERS  Legend Active & Funded  Creasy Group Active & Private  IGO Active & ~$3B Mkt Cap  Galileo Mining 2018 IPO – Creasy backed  Regional spend producing results – value add  Leverage play is Legend 5

  6. Slide 6: Rockford Prospect Locations

    ROCKFORD PROSPECT LOCATIONS For personal use only Regional Programmes • Regional aircore programmes targeting co-incident mag lows/gravity highs/MLTEM conductors • Follow up RC/diamond drilling • $4M planned expenditure 2020 Rockford Prospect Locations “Current Rockford Prospects” 6

  7. Slide 7: Rockford Greater Mawson Area

    ROCKFORD GREATER MAWSON AREA Greater Mawson For personal use only • 16kmx6km – interpreted as clusters of intrusives • Untested geochem targets • Holes RKDD007, 008, 011, 013 & 017 have massively increased prospectivity • Aircore & gravity to assist in prioritising for RC/diamond drill testing • RC

  8. Slide 8: Mawson Diamond Drillhole Locations

    MAWSON DIAMOND DRILLHOLE LOCATIONS For personal use only June 16 RKDD001-002 November 19 RKDD005-007 March – June 20 RKDD008-020 Mineralisation open NE/SW/E 8

  9. Slide 9: Drill Section 6,598,600N – RKDD007 and RKDD015

    DRILL SECTION 6,598,600N – RKDD007 AND RKDD015 RKDD007 For personal use only • Drilled Nov 2019 • First Massive sulphides for Legend at Rockford 70.15m disseminated includes 2.1m @ 2.03% ni, 1.34%Cu, 0.11% Co from 115.5m RKDD015 • Drilled May 2020 • 97.8m disseminated in two zones 9

  10. Slide 10: Drill Section 6,598,580N – RKDD011 and RKDD014

    DRILL SECTION 6,598,580N – RKDD011 AND RKDD014 RKDD011 For personal use only • Drilled April 2020 • 12.4m of massive within 21.6m @ 1.93% Ni, 1.09% Cu, 0.10% Co from 217.5m RKDD014 • Drilled April 2020 • 7.7m zone of significant sulphides from 249.9m Drill Section 6,598,580N - RKDD011 and RKDD014 10

  11. Slide 11: Drill Section 6,598,560N - RKDD008

    DRILL SECTION 6,598,560N - RKDD008, 010 AND 018 RKDD008 For personal use only • Drilled March 2020 • 25m of massive sulphides in metasediments • Total 107.8m of significant mineralisation RKDD010 • Drilled April 2020 • Great DHEM platform RKDD018 • Drilled May 2020 • Best grade to date 4.5m @ 3.05%

  12. Slide 12: Drill Section 6,598,540N - RKDD013 and RKDD017

    DRILL SECTION 6,598,540N - RKDD013 AND RKDD017 RKDD013 For personal use only • Drilled April 2020 • 13.5m of massive in two zones RKDD017 • Drilled May 2020 • Best width drilled to date • 19.8m @ 2.71% Ni, 1.79% Cu, 0.13% Co from 227.8m within 41m of significant sulphide mineralisation 12

  13. Slide 13: Anomalous Nickel-Copper Aircore Results and RC Drill Traverse

    ANOMALOUS NICKEL-COPPER AIRCORE RESULTS AND RC DRILL TRAVERSE OVER GRAVITY IMAGE For personal use only Western anomalous geochem • 400m x 200m • Known massive sulphide discovery Eastern anomalous geochem • 1.2km x 200m – still growing • RC Drill line on 5600N testing  known mineralisation  gravity

  14. Slide 14: Summary

    SUMMARY • Highly Prospective Rockford Project For personal use only − Mawson discovery Dec 2019 – quantum step forward • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and JV Partners • Grow Shareholder Value “ H i g h l y l ev e r a g e d t o s u c c e

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