Legend Mining Limited · ASX:LEG

Legend Mining — Investor Presentation (July 2019)

16 slides from Legend Mining's investor presentation, Jul 15, 2019

1. Slide 1: Investor Presentation July 2019

   For personal use only ASX:LEG Investor Presentation July 2019

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: Contents

   For personal use only CONTENTS 1. Nickel Market Commentary 2. About Legend  Investment Case  Rockford Project Location  Transformational Deals  Rockford Project Activities 3. Summary “Fertile Fraser Range” 3

4. Slide 4: Nickel Market Commentary – About Nickel

   NICKEL MARKET COMMENTARY – ABOUT NICKEL Nickel Prices and Inventory For personal use only • Balance in deficit since 2016, predicted to continue • Stockpiles diminishing from peak 900Kt (2015)* • Price increase from US$3.80/lb (2016) to US$5.85/lb ($7.13 max April 2018) • Tariff and trade-war - Brex

5. Slide 5: About Legend

   ABOUT LEGEND  ASX listed exploration company (ASX : LEG) For personal use only  Market capitalisation ~$79M (2.4B shares @ 3.3cps) *  Cash and liquids total $15.5M ~$5.7M as at 31 March 2019 (includes $3M receivable from Jindal) ~$9.8M Independence Group NL (IGO) placement July 2019 *  Fraser Ra

6. Slide 6: Investment Case

   INVESTMENT CASE Fundamentals For personal use only • Right People  Experienced corporate and technical team  JV Partners and major shareholders - Creasy Group (regional experience) - Independence Group (regional experience) • Biggest block on best street (3,088km2 in Fraser Zone) • Main Commodity

7. Slide 7: Project Location

   For personal use only PROJECT LOCATION Rockford Project • Located in northern Fraser Range district • 120km NE of Nova / 100km S of Tropicana • 100% within Fraser Zone (19% of total area) • Project potential for − Nova style Nickel-Copper − Tropicana style Gold • Infrastructure access – transport, p

8. Slide 8: Rockford Project – Transformational Agreements – Cap Raise

   ROCKFORD PROJECT – TRANSFORMATIONAL AGREEMENTS – CAP RAISE • Capital raise $9.8M @ 3.6 cps to IGO For personal use only • New Creasy Group JVA @ 3.6 cps “Transformational Deals with Independence Group and Creasy Group” 8

9. Slide 9: Rockford Project – Transformational Agreements – New JVAs

   ROCKFORD PROJECT – TRANSFORMATIONAL AGREEMENTS – NEW JVA’S • New JVA with Creasy Group 70/30 For personal use only  Tenements contiguous with existing  709km2 - total project now 3088km2  Nickel-copper sulphides at Octagonal  Technical detail to follow in IER  Increased exposure to Western Stra

10. Slide 10: Fraser Zone Land Holders

    FRASER ZONE LAND HOLDERS For personal use only MAIN PLAYERS  Legend Active & Funded  Creasy Group Active & Private  Independence (“IGO”) Active & ~$3B Mkt Cap  Galileo Mining 2018 IPO – Creasy backed  Regional spend producing results – value add  Leverage play is Legend 10

11. Slide 11: Rockford Project Update – Current Programmes: Area D

    ROCKFORD PROJECT UPDATE – CURRENT PROGRAMMES AREA D For personal use only 2019 Aircore and Geophysical Modelling • 60 hole aircore programme targeting modelled top of conductors for geological and geochemical information completed • Multi-element geochemical analysis • Geophysical modelling of MLTEM

12. Slide 12: Rockford Project Update – Current Programmes: Shackleton Prospect

    For personal use only ROCKFORD PROJECT UPDATE – CURRENT PROGRAMMES SHACKLETON PROSPECT Same stratigraphic package as Andromeda (IGO) 2018 Programme • Aircore drilling – 51 holes, 1,621m • Geochemical indications of VMS potential • First innovative MLTEM surveys – two conductors identified 2019 Plann

13. Slide 13: Rockford Project Update – Worsley and Crean Prospects

    ROCKFORD PROJECT UPDATE – CURRENT PROGRAMMES WORSLEY AND CREAN PROSPECTS For personal use only 2018 Programme • Worsley – 5 aircore holes over conductor RKAC505 – 9m @ 0.09% Cu, 0.06% Zn and 1.47g/t Au VMS potential • Crean – Regional line over mag low 2019 Programme • Worsley – Infill aircore drill

14. Slide 14: Current/Future Programmes – Summary

    For personal use only CURRENT/FUTURE PROGRAMMES - SUMMARY 2019  Ongoing regional aircore programme – total to date 637 holes – 44,936m  Continued systematic approach MLTEM, FLTEM, LF EM, IP surveys  Follow up RC/DD testing Aircore Rig, Rockford Project EM Surveying , Rockford Project 14

15. Slide 15: Summary

    SUMMARY • Highly Prospective Rockford Project For personal use only − Four years on ground <10% area first pass EM tested • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and JV Partners Creasy says to Wilson: “This is what it looks like – go find it!”

16. Slide 16: Thank You

    For personal use only ASX : LEG THANK YOU 16

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