Legacy Minerals Holdings Limited · ASX:LGM
Legacy Minerals — Investor Presentation (August 2024)
31 slides from Legacy Minerals's investor presentation, Aug 1, 2024
Slide 1: Targeting High-Value Discoveries
79 29 Au Cu For personal use only Targeting High-Value Discoveries Thomas Wall, Technical Director and Exploration Manager 1 August 2024 Online Webinar Thomas.wall@legacyminerals.com.au
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 Assets
3 Legacy Minerals Assets Upcoming Drilling Results Why explore in New South Wales? Bauloora Au-Ag • Continued discovery success e.g. Achilles (AGC:ASX), Boda (ALK:ASK) • Home to Australia’s premier Cu-Au porphyry district and largest gold mine For personal use only Fontenoy Ni-Cu-PGE-Au • Discovery
Slide 4: Company Overview
4 Company Overview1 Share Price $0.24 Market Cap $25M Shares Top 20 Liquidity (2 Months) 105M 46% ~$1.5M month For personal use only 0.35 10000000 Share Price $AUD 9000000 0.3 8000000 0.25 7000000 Cash – 31 Mar Cash – 30 Jun Debt Volume $3.2M $3.0M Nil 0.2 6000000 5000000 0.15 4000000 0.1 3000000 0.
Slide 5: Value Proposition
5 Value Proposition Actively drilling with multiple drill campaigns 100% Owned Projects Joint Ventures For personal use only • 6 x 100% owned high-quality projects • Multiple projects being actively explored • Aggressive exploration targeting world class deposits • All projects acquired at low-cost
Slide 6: Value Proposition – LGMs Partnership Projects
6 Value Proposition – LGMs Partnership Projects Where partnerships have delivered significant returns for Greatland Gold shareholders Greatland Gold Share Price 3 Year Period (> x 10) Greatland – Newcrest JV1 For personal use only • $60M for 70% over 7 years • Greatland to fund its 30% • As of 2023
Slide 7: Timeframes and Discovery Catalysts
7 Timeframes and Discovery Catalysts Drilling Underway – Glenlogan Cu-Au target1 August For personal use only • Drake Project update • Expected completion of diamond drilling at Fontenoy • PGE-Ni-Cu target • Cobar Project update September • Expected completion of diamond drilling at Glenlogan • Cu-A
Slide 8: Thomson
Thomson Belt Scale Exploration Opportunity For personal use only ASX: LGM
Slide 9: Discovery Opportunity
9 Discovery Opportunity Confirmed Intrusion related Au-Cu Potential • Proof of concept confirmed in historic drilling For personal use only • Target rich environment • Numerous bulls-eye magnetic and gravity anomalies • Large alteration footprints confirmed (tourmaline, biotite, silica and pyrrhotit
Slide 10: Highlight Prospects
10 Highlight Prospects1 Multiple opportunities for a large deposit discovery Modelled Target mag body Previous Drilling Key observations For personal use only size Not tested. Hole passed nearby but did not intercept F3 350Mt Strong silica-pyrrhotite alteration and veining the interpreted causative
Slide 11: Analogue Deposit
11 Analogue Deposit1 Havieron Deposit 8.4Moz AuEq (Greatland Gold) Au-Cu Intrusion Related Deposit • Havieron is an intrusion- related system with gold and For personal use only copper mineralisation hosted in breccia, vein and massive sulphide (pyrrhotite dominant) styles • High grade gold and copp
Slide 12: CUT-C Anomaly
12 CUT-C Anomaly1 • One hole drilled. It failed to intersect the main causative body. Ran into drilling problems and abandoned. • Size potential based on modelled magnetic body is 130Mt For personal use only CUT-C airborne TMI anomaly ASX: LGM Note: references on this slide are in the Appendix – End
Slide 13: CUT-A Anomaly
13 CUT-A Anomaly1 • This is a large mineralised system extending over a 1,000m strike length. • Size potential of the modelled magnetic body is 180Mt. For personal use only • Intersected a siltstone-dominated turbidite sequence with interbedded sandstone containing multiple occurrences of Zn and Pb
Slide 14: Bauloora
Bauloora Drilling a large epithermal system with a world class partner For personal use only
Slide 15: Bauloora – Assays Pending
Bauloora – Assays Pending 15 Targeting a Tier-1 Epithermal Deposit Bauloora Project Primary Vein Field and Current Targets Ongoing discovery exposure • Ongoing drilling planned For personal use only Newmont Joint Venture ($15M)1 • Discovery focused joint venture • LGM option for 20% loan carried to
Slide 16: For personal use only
For personal use only 16 Cautionary Note – Visual Estimates of Mineralisation: ‘Visual estimates of mineral abundance should never be considered a proxy or substitute for ASX: LGM laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also
Slide 17: For personal use only
For personal use only 17 Cautionary Note – Visual Estimates of Mineralisation: ‘Visual estimates of mineral abundance should never be considered a proxy or substitute for ASX: LGM laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also
Slide 18: Glenlogan
Glenlogan A Tier-1 Cu-Au porphyry target For personal use only
Slide 19: Targeting a Copper-Gold Porphyry Giant – Drilling Underway
19 Targeting a Copper-Gold Porphyry Giant – Drilling Underway Partnership with S2 Resources Tier-1 Cadia-style porphyry target • Planning underway for testing the target in 2024 For personal use only Rio Tinto did not drill test • Rio Tinto last held in the ground in 1994 and did not drill test the
Slide 20: Targeting a Copper-Gold Porphyry Giant – Drilling Underway
20 Targeting a Copper-Gold Porphyry Giant – Drilling Underway Partnership with S2 Resources Modelled magnetic anomaly1 • Commencing at a depth of 450-600 metres below surface, For personal use only with a diameter of approximately 600 metres and a vertical extent of approximately 1,000 metres. Histo
Slide 21: Fontenoy
Fontenoy Artificial Intelligence PGE-Ni-Cu Discovery For personal use only
Slide 22: Reaping the reward of Artificial Intelligence
22 Reaping the reward of Artificial Intelligence EarthAI Strategic Alliance Discovery Drillhole – February 20241 • 34m at 0.5g/t 3E PGE* including a higher grade zone of: For personal use only • 10m at 1.2g/t 3E PGE, 0.2% Ni and 891ppm Cu from 388m down-hole. Unlocked potential for magmatic-related
Slide 23: Drake
Drake An Extensive and Underexplored Au-Cu system For personal use only
Slide 24: Unlocking a large Gold-Copper system
24 Unlocking a large Gold-Copper system ‘Legacy’ project with new exploration vision and approach • Target rich epithermal environment Unrealised copper opportunity For personal use only • Extensive copper oxide potential across several kilometers • Historical high grade and wide copper intersects n
Slide 25: Extensive high-grades demonstrate system potential
25 Extensive high-grades demonstrate system potential Why we are here: right grades and right textures For personal use only Porphyry D-vein Examples of epithermal vein textures from drill holes KYDD003 at 65.5m, WRDD012 at 120m and 146.5m and interpreted porphyry D-veins in KYDD001 at 52.5m (Commen
Slide 26: Black Range
Black Range Under explored gold-silver epithermal systems For personal use only
Slide 27: Black Range
Black Range 27 100% ownership of a large underexplored epithermal system District scale control – 905km2 license Black Range Project Main Prospects For personal use only • Newcrest were the last to complete significant exploration over 30 years ago 1 • Newcrest relinquished the ground in 1992 (Cadia
Slide 28: Targeting High-Value Discoveries
For personal use only Targeting High-Value Discoveries Drilling across multiple projects Focused on gold and copper Secured funding with multiple The right partnerships price catalysts Thomas Wall, Technical Director and Exploration Manager Thomas.wall@legacyminerals.com.au
Slide 29: Appendices – Endnotes
29 Appendices – Endnotes Slide 3, Slide 8, Slide 11 1 Alkane Resources Kaiser Resource Estimate of ~4.7M Gold Equivalent 27 February 2023; 2 Silver Mines, Ord Minnett East coast Mining Conference, March 2023; 3 Alkane Resource and Reserve Statement FY22, 9 September 2022; 4 Newcrest Mining Annual Mi
Slide 30: Appendices – Endnotes (continued)
30 Appendices – Endnotes (continued) Slide 6:1 Greatland Gold, greatlandgold.com/wp-content/uploads/2023/08/2023.08.07-Greatland-Diggers-Dealers-Presentation.pdf, greatlandgold.com/wp-content/uploads/2022/09/22092022-GGP-Corporate-Update-Sep-2022-vfinal.pdf 2: ASX LGM: 5 April 2023 Newmont Farm-in a
Slide 31: Drake Mineral Resource Estimate as at 26 March 2024
31 Appendices – Endnotes (continued) Drake Mineral Resource Estimate as at 26 March 2024 Grade Metal Resource Deposit Tonnes Classification Au (g/t) Ag (g/t) Zn (%) Cu (%) Au (koz) Ag (koz) Zn (kt) Cu (kt) (Mt) For personal use only Indicated (JORC 2012) 2.2 1.48 1.74 0.49 0.08 105 123 10.7 1.7 Stra
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