Slide 1: Mawson Exploration Success – The Value Driver
For personal use only ASX : LEG “Mawson Exploration Success – The Value Driver” Company Presentation – June 2020
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
Slide 3: About Legend – ASX:LEG
ABOUT LEGEND – ASX:LEG For personal use only Market capitalisation ~$370M (Shares 2.4B@15.5c) (Options – 150M@4c 9/2020; 78M@4c 3/2021; 149M@7.2c 7-9/2022) Cash and receivables ~ $11.9M (includes $2.25M receivable from Jindal) @ 31/3/20 Fraser Range – Rockford Project The Board of Directors
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 Transfor
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 & ~$2.9B Mkt Cap Galileo Mining 2018 IPO – Creasy backed Regional spend producing results – value add Leverage play is Legend 5
Slide 6: Rockford Prospect Locations
ROCKFORD PROSPECT LOCATIONS For personal use only Regional Programmes • MLTEM programmes at Magnus, Octagonal, Crean and Worsley • Regional aircore programmes targeting co-incident mag lows/gravity highs • Follow up diamond drilling • $4M planned expenditure 2020 Rockford Prospect Locations “Current
Slide 7: Rockford Greater Mawson Area
ROCKFORD GREATER MAWSON AREA For personal use only • 16kmx6km – interpreted as clusters of intrusives • Untested geochem targets • More aircore – establish footprints • Untested EM conductors • Aircore & gravity to assist in prioritising for diamond drill testing • Holes RKDD007, 008, 011, 013 & 017
Slide 8: Mawson Diamond Drillhole Locations
MAWSON DIAMOND DRILLHOLE LOCATIONS For personal use only June 16 RKDD001-002 November 19 RKDD005-007 March 20 RKDD008- ongoing 8
Slide 9: Drill Section 6,598,560N – RKDD008 and RKDD010
DRILL SECTION 6,598,560N – RKDD008 AND RKDD010 For personal use only RKDD008 • 107.9m significant sulphides incl. 25.3m massive sulphides • Massive in metaseds • Mineralisation remobilised Drill Section 6,598,560N - RKDD008 and RKDD010 9
Slide 10: Drill Section 6,598,580N – RKDD011 and RKDD014
DRILL SECTION 6,598,580N – RKDD011 AND RKDD014 For personal use only RKDD0011 • 21.6m of material grades • 15m of lower tenor RKDD0014 • 5.5m of material grades • First assays awaited Drill Section 6,598,580N - RKDD011 and RKDD014 10
Slide 11: Drill Section 6,598,580N - RKDD013 and RKDD017
DRILL SECTION 6,598,580N - RKDD013 AND RKDD017 RKDD0013 For personal use only • 13.5m massive sulphides • First assays received RKDD0017 • 30m massive sulphides • Best hole to date • First assays awaited Drill Section 6,598,580N - RKDD013 and RKDD017 11
Slide 12: Summary of Anomalous Ni-Cu Aircore Results at Mawson
SUMMARY OF ANOMALOUS NI-CU AIRCORE RESULTS AT MAWSON Developing geochem to For personal use only North East • Co-incident gravity feature Current programmes • 50x50 gravity survey • Complete aircore Summary of Anomalous Ni-Cu Aircore Results at Mawson “WATCH THIS SPACE” Summary of Anomalous Ni-Cu Ai
Slide 13: Summary
SUMMARY For personal use only • Highly Prospective Rockford Project − 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