Legend Mining Limited · ASX:LEG
Legend Mining — Paydirt Nickel Conference 2020
16 slides from Legend Mining's conference presentation, Oct 6, 2020
Slide 1: Mawson – A progressive developing story
For personal use only ASX:LEG Mawson – A progressive developing story PAYDIRT NICKEL CONFERENCE 6 OCTOBER 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: Contents
CONTENTS For personal use only 1. Nickel Market Commentary 2. About Legend Investment Case Rockford Project Location Mawson – A Progressive Developing Story Rockford Project Activities 2020 3. Summary “ The Fertile Fraser Range” 3
Slide 4: Nickel Market Commentary – About Nickel
NICKEL MARKET COMMENTARY – ABOUT NICKEL For personal use only Nickel Prices and Inventory • 12 months ago deficits likely – now surplus (Covid-19 damaged near term demand) • SS > 70% primary Ni demand (recent SS price weakness) • Role of Indonesia critical to medium term market outlook – ongoing Chi
Slide 5: About Legend
ABOUT LEGEND – ASX:LEG For personal use only Market capitalisation ~$400M (Shares 2.7B@15c) (Options – 75M@4c 3/2021; 149M@7.2c 7-9/2022) Cash and receivables ~ $31.5M (includes $2.25M receivable from Jindal) @ 30/09/2020 Fraser Range – Rockford Project Board of Directors Top 20 Shareholders
Slide 6: Investment Case - Fundamentals
INVESTMENT CASE - FUNDAMENTALS For personal use only Right People • 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 RKDD008
Slide 7: Rockford Project Location
ROCKFORD PROJECT LOCATION For personal use only • 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 − VMS style Copper-Zinc-Silver − Tropicana style Gold • Infrastructur
Slide 8: Fraser Zone Land Holders
FRASER ZONE LAND HOLDERS For personal use only MAIN PLAYERS Legend Active & Funded Creasy Group Active & Private IGO Active & ~$2.6B Mkt Cap Galileo Mining Active & funded Regional spend producing results – value add Leverage play is Legend 8
Slide 9: Rockford Prospect Locations
ROCKFORD PROSPECT LOCATIONS Regional Programmes For personal use only • Regional aircore programmes targeting co-incident mag lows/gravity highs/MLTEM conductors • MLTEM success at Hurley • Project scale geochem analysis highlights prospectivity at Crean & Hurley • Follow up AC/RC/diamond drilling •
Slide 10: Rockford Mawson Intrusive Complex (MIC)
ROCKFORD MAWSON INTRUSIVE COMPLEX (“MIC”) MIC For personal use only • 16kmx6km – interpreted as clusters of intrusives • Untested geochem targets • Massive Ni-Cu sulphides in holes RKDD007, 008, 011, 013, 017, 023 & 027 have highlighted prospectivity • Aircore & gravity to assist in prioritising for
Slide 11: Mawson Diamond, RC and Aircore Drillhole Locations
MAWSON DIAMOND, RC AND AIRCORE DRILLHOLE LOCATIONS For personal use only Aircore Drilling • Western and eastern geochemical footprint RC Drilling • Great tool for geology and DHTEM DHTEM • Targeting tool for diamond drilling Diamond Drilling • Massive sulphides in holes 7, 8, 11, 13, 17, 23 & 27 • F
Slide 12: Diamond Drillhole RKDD023
DIAMOND DRILLHOLE RKDD021, 023 & 025 For personal use only RKDD021, 023 & 025 • Circa 200m from known mineralisation • 12.95m massive sulphide intercepts (RKDD023) • +90m mineralised intercept (RKDD023) • Structural observations point to remobilised mineralisation • DHTEM plates show strong conducta
Slide 13: Diamond Drillhole RKDD027
DIAMOND DRILLHOLE RKDD027 For personal use only RKDD027 • 15.45m massive sulphide across three zones plus 10.8m semi-massive and matrix sulphide • Outside Legend’s modelled mineralisation • +20m separation from RKDD017 • Open East, West and South Massive Ni-Cu Sulphide from RKDD027 fromDrill Section
Slide 14: 2020 Work Programmes at Rockford
2020 WORK PROGRAMMES AT ROCKFORD For personal use only Jul Aug Sept Oct Nov Dec MAWSON PROSPECT Diamond Drilling RKDD021 - ongoing RC Drilling RKRC011 - ongoing Geophysics DHTEM DHTEM Environmental L1 F&F REGIONAL Geophysics MLTEM/FLTEM Aircore Drilling Ongoing RC Drilling Diamond Drilling “Regular
Slide 15: Summary
SUMMARY • Highly Prospective Rockford Project ASX:LEG For personal use only − Mawson discovery Dec 2019 – quantum step forward • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and JV Partners • Grow Shareholder Value “Highly leveraged to success” 15
Slide 16: Legend Mining Limited
For personal use only Legend Mining Limited www.legendmining.com.au ASX : LEG