Legacy Minerals Holdings Limited · ASX:LGM
Legacy Minerals — Shareholder Meeting (November 2024)
31 slides from Legacy Minerals's shareholder meeting presentation, Nov 1, 2024
Slide 1: Drilling for major discoveries
For personal use only Drilling for major discoveries 79 47 29 Au Ag Cu 1 November 2024 Chris Byrne, CEO & Managing Director AGM Presentation chris.byrne@legacyminerals.com.au +61 499 527 547
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: A premier gold, silver and copper portfolio
3 A premier gold, silver and copper portfolio 100% Owned Projects -7,067km2 For personal use only Thomson, Drake, and Black Range Joint Venture Projects -1,070km2 Bauloora, Fontenoy, Glenlogan, Cobar Map of NSW showing Legacy Minerals tenements and geographical location of major mining and explorati
Slide 4: Legacy Minerals at a glance
4 Legacy Minerals at a glance Share Price $0.22 Market Cap $23M Shares Top 20 2024 Drill Campaigns 105M 46% 6 across 5 Projects For personal use only 0.35 10000000 Share Price $AUD 9000000 0.3 8000000 0.25 7000000 Volume 0.2 6000000 Joint Venture Funding Cash – 30 Sep Debt 0.15 5000000 4000000 $28.3
Slide 5: Strategy to deliver shareholder value
Strategy to deliver shareholder value Acquiring, discovering, and developing high quality gold, copper, and silver projects For personal use only Discovery Acquisitions Partnerships Non-dilutive discovery Active drilling and Low-cost acquisitions exposure targeting Growth opportunities $28M secured
Slide 6: Thomson
Thomson For personal use only Belt scale exploration opportunity
Slide 7: Discovery Opportunity
7 Discovery Opportunity Belt-scale exploration 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 (tourma
Slide 8: Multiple opportunities for a large deposit discovery
8 Multiple opportunities for a large deposit discovery Highlight Prospects1,2 Modelled mag Target Previous Drilling Key observations For personal use only body size Not tested. Hole passed nearby but did not F3 350Mt Strong silica-pyrrhotite alteration and veining intercept the interpreted causative
Slide 9: Drake
Drake An Extensive and Underexplored Au-Ag-Cu system For personal use only
Slide 10: Drake - Unlocking a target-rich epithermal space
10 Drake - Unlocking a target-rich epithermal space A ‘Legacy’ project with new vision and approach What’s Legacy Minerals Strategy? • A focus on delivering value through Au-Ag-Cu and discovery For personal use only • Low-cost acquisition and sunk capital provide expectational room for growth • $190
Slide 11: Key Exploration Prospects
11 Key Exploration Prospects Red Rock, White Rock, Emu Creek, Lunatic Field Redrock – Epithermal Au-Ag (Cu-Zn-Pb) 1 Emu Creek - Cu The largest historical producing copper mine in the district For personal use only • (228 AuEq gxm) 143m at 1.1g/t Au, 3g/t Ag, and 0.9% Pb+Zn from 0m (RRDD009 ) No mode
Slide 12: Red Rock – Open Gold Targets
12 Red Rock – Open Gold Targets1 For personal use only ASX: LGM Note: references on this slide are in the Appendix – Endnotes on Slides 29-31
Slide 13: Black Range
Black Range For personal use only Under explored gold-silver epithermal systems
Slide 14: Black Range
14 Black Range 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 15: Rockley
Rockley For personal use only Premier position in a world-class copper terrain
Slide 16: Rockley – Targeting a large porphyry copper deposit
16 Rockley Targeting a large porphyry copper deposit Overlooked and untested For personal use only • District proven to host significant porphyry mineralisation • Limited geochemistry sampling and geophysical surveys across the tenement • Scarcity of drilling across the tenement1 • Only 22 RAB histo
Slide 17: Rockley – Untested Potential
17 Rockley – Untested Potential An emerging porphyry district • Classic porphyry magnetic signature - central magnetic high surrounded by a doughnut shaped magnetic low, on NW-SE fault, For personal use only coincident with a discrete potassic high and widespread Au-Cu anomalism at surface • Prospec
Slide 18: Harden
Harden For personal use only High-Grade, historical gold mining district
Slide 19: Harden
19 Harden Extensive, untested gold opportunity Significant Historical Production • District has produced ~460,000 oz of gold1 with the two largest historical hard For personal use only rock mines held within LGM’s tenements • These two mines produced ~75,000 oz Au at 28.6g/t Au1 High-grade drill int
Slide 20: Joint Venture Projects
Joint Venture Projects $28.5M in JVs sees sustained discovery effort For personal use only
Slide 21: The upside in a JV - non-dilutive potential for value creation
21 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 22: Glenlogan – S2 Resources JV ($6m)
22 Glenlogan – S2 Resources JV ($6m) Highly encouraging first drill results Preliminary Drill Observations For personal use only • Late magmatic chalcopyrite and elevated copper • May represent the fringes of a nearby potentially mineralised porphyry intrusion as yet untested by drilling Joint Ventu
Slide 23: Fontenoy – EarthAI Alliance ($4.5m)
23 Fontenoy – EarthAI Alliance ($4.5m) Drilling Underway Discovery Drillhole – February 20241 • 120m at 0.3g/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. Joint Venture Terms2 • $4M earn in over 4 years • Minimum
Slide 24: Bauloora – Newmont ($15M)
24 Bauloora – Newmont ($15M) Drill planning underway Primary Vein Field and Current Targets Ongoing discovery exposure For personal use only • Further 2024 drilling planned Joint Venture Terms1 • Up to $15M spent over 8 years. • Minimum drill meters. • LGM option for 20% loan carried to mining. Dist
Slide 25: Central Cobar – Helix JV ($2.8M)
25 Central Cobar – Helix JV ($2.8M) New Joint Venture will see an active exploration program For personal use only Prospective, undrilled search space • Along strike of the Peak Gold Mine Corridor (Aurelia, ASX) • Along strike of the CSA Mine (Metals Acquisition Corp, ASX) • Interpretation that the
Slide 26: The Year Ahead – 100% Projects
The Year Ahead – 100% Projects Deliver shareholder value through discovery and development For personal use only Thomson Drake Black Range Rockley ANT survey planned for LiDAR interpretation Extension of regional Ongoing ground-work completion underway geochemical survey Drill targeting Sampling of
Slide 27: The Year Ahead – Joint Venture Projects
The Year Ahead – Joint Venture Projects Deliver shareholder value through non-dilute discovery exposure For personal use only Bauloora Fontenoy Glenlogan Cobar Drilling targets across the Drilling the Gramont PGE Planned geophysics of Geophysical surveys northern vein field Discovery Shellback Anoma
Slide 28: Investment Highlights
Investment Highlights Deliver shareholder value through acquiring, exploring and developing projects For personal use only Right Structure Right People Right Ground Actively Drilling ASX: LGM
Slide 29: Appendices – Endnotes
29 Appendices – Endnotes Slide 3, Slide 15: 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 Mineral Re
Slide 30: Appendices – Endnotes (continued)
30 Appendices – Endnotes (continued) Slide 7: 1: ASX Release LGM 21 October 2024 Leading-edge geophysics to accelerate targeting at Thomson, Technical Review of the Falcon Project, July 2023, Bob Richardson (unpublished) Slide 8: 1: ASX Release LGM 21 October 2024 Leading-edge geophysics to accelera
Slide 31: Appendices – Endnotes (continued)
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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