Slide 1: Legend Mining Limited Investor Presentation May 2012
Legend Mining Limited Level 2, 640 Murray Street, West Perth WA 6005 Tel: +61 8 9212 0600 | Fax: +61 8 9212 0611 “Legend, Cameroon, Iron Ore” Investor Presentation May 2012
Slide 2: Company overview and strategy
• Mineral Exploration Company with a strong cash position • Focussed on Iron Ore in West Africa • 2900km2 project area in Cameroon • Management strategy for growth - Delineate magnetite resource whilst continuing the search for DSO in Cameroon - Further project acquisition www.legendmining.com.au 2
Slide 3: Cameroon as a Nation
Cameroon as a Nation • Small, peaceful and politically stable – only 20M people • Official languages: French, English • Religion: Christianity 70% Islam 20% • 70% rural and farming • Total trade with Australia: 2010-11 A$4B Source DFAT • Significant mining project developments underway • Sundance Re
Slide 4: Board and management structure
Chairman Non-Executive Managing Director Director Company Secretary Exploration Manager Michael Atkins Mark Wilson Dennis Wilkins Laurent Sapor Dermot Ryan 90% Camina SA Cameroon CFO and Administration Community Relations Exploration Manager General Manager Jean Alain Nkot Philippe Koehn Company Sec
Slide 5: Capital Structure
Capital Structure Shares 1,990 M (14/03/2012) Options 391M @ 4c (04/02/2015) 30M @ 6c (04/02/2015) 14.4M @ 5c (04/02/2015) 11.4M Employee Options *800M Performance Options (4/2/2015) Cash (incl. Shares) +$17M (14/03/2012) Capital and Structure Capitalisation $40M @ $0.02 (12 month range $34-82M) * a
Slide 6: Cameroon iron ore deposits map
Th, aounde CAMEROON rm olodorf Mbarga (Sundance) 193Mt@59.2%Fe & 2,3BI@38%Fe (JORG Resource) Les Mamelles S00Mt@30-35% 100k Nkout Project ul (African Aura) Avima (Core/Severstal) oe 100Mt@60%Fe s Nabeba (Sundance) Source of Resource Figures 291Mt@62.3%Fe (JORG Resource) Mbarga: Sundance Resources Lt
Slide 7: Iron Ore Prospectivity
People Infrastructure Project Size Iron Ore Prospectivity www.legendmining.com.au 7
Slide 8: Sundance Ltd Access Co-operation Agreement
Sundance Ltd Access Co-operation Agreement May 2011 www.legendmining.com.au 8
Slide 9: www.legendmining.com.au
Douala & ~@LONDON @ Guildford e Crawley @Horsham @ Brighton @Wo Eine www.legendmining.com.au
Slide 10: Exploration Activity Summary
2972km2 contiguous area held by three granted exploration permits Extensive aeromagnetic survey completed February 2010 Red indicates highest total magnetic intensity Red areas much more extensive than indicated by previous mapping (BRGM 1986) Exploration Activity Summary www.legendmining.com.au 10
Slide 11: A substantial target showing excellent early results
A substantial target showing excellent early results Assay Results • DH0044 – 116.2m @ 26.2% Fe • DH0046 – 80.5m @ 36.6% Fe • DH0060 – 62m @ 28.7% Fe • DH0061 – 55.6m @ 29.0% Fe • DH0066 – 75.9m @ 33.2% Fe Phase 1 Drilling Programme Completed first quarter 2012 New track mounted rig mobilising to Dr
Slide 12: Coarse Grain Low Impurities High Iron
Average DTR Product Grade for Sample Met1 Product Mass % Fe Distribution% Fe% SiO2% Al2O3% P% S% LOI% Head 100 100 31.45 47.48 2.98 0.097 0.070 -0.89 Concentrate 36.8 82.7 70.8 1.42 0.20 0.006 0.028 -3.30 Coarse Grain Low Impurities High Iron Coarse Grind Simple Process Saleable Product Low Power Co
Slide 13: Cameroon Project Location and Infrastructure
Inputs Assumed location at Melombo East Assumed metallurgy from March 2011 test work Independent consultants conducted study Outputs Capex <US$1B Opex <US$50/t concentrate Cameroon Project Location and Infrastructure Takeaways Highlights quality of magnetite concentrate Highlights advantages of loca
Slide 14: Key project highlights and ongoing work
Magnetite Gneiss identified as host rock Positive Metallurgical Test/Quality Magnetite Posco MOU signed Feb 2012 Multi target potential Drilling ongoing currently 25 hole programme at Plateau in progress Reconnaissance work ongoing Regional mapping www.legendmining.com.au 14
Slide 15: Cameroon, the home of the Indomitable Lions
CAMEROON the home of the INDOMITABLE LIONS Bringing Legend’s Indomitable Aussie Exploration Spirit to Cameroon www.legendmining.com.au 15
Slide 16: Disclaimer
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. Any forward looking information