Legacy Minerals Holdings Limited · ASX:LGM
Legacy Minerals — AMEC – Austex Brisbane Resources Lunch (May 2024)
24 slides from Legacy Minerals's conference presentation, May 15, 2024
Slide 1: At the forefront of discovery
For personal use only At the forefront of discovery 79 29 Au Cu Christopher Byrne CEO and Managing Director AMEC – Austex 15 May 2024 Brisbane Resources chris.byrne@legacyminerals.com.au +61 (0) 499 527 547 Lunch
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: Legacy Minerals Assets
3 Legacy Minerals Assets Lachlan Fold Belt – A World Class Mining District Drilling Campaigns in 2024 For personal use only Black Range Au-Ag LGM 100% Bauloora Au-Ag Fontenoy Ni-Cu-PGE-Au Glenlogan Cu-Au Drill Targeting Drake Au-Cu LGM 100% Cobar LGM 100% Map of central NSW showing Legacy Minerals t
Slide 4: Company Overview
4 Company Overview1 Share Price $0.175 Market Cap Shares Outstanding Debt $18.4M 105M Nil For personal use only 0.25 10000000 9000000 Share Price $AUD 0.2 8000000 Cash – 31 Mar Top 20 Liquidity 23/24 Volume 7000000 0.15 6000000 $3.2M 46% ~$.5M month 5000000 0.1 4000000 3000000 0.05 2000000 1000000 0
Slide 5: Value Proposition
5 Value Proposition For personal use only 100% Owned Projects Joint Ventures • Newmont • 5 x 100% owned high-quality projects - no royalties • S2 Resources • Multiple projects being actively explored • Aggressive exploration targeting world class deposits • All projects, bar Drake, acquired for $0 –
Slide 6: Value Proposition – LGMs Partnership Projects
6 Value Proposition – LGMs Partnership Projects Where partnerships have delivered significant returns for Greatland Gold shareholders Greatland – Newcrest JV1 Greatland Gold Share Price 3 Year Period (> x 10) For personal use only • $60M for 70% over 7 years • Greatland to fund its 30% • As of 2023
Slide 7: Black Range
Black Range For personal use only Drilling a high-grade gold target
Slide 8: Black Range
Black Range 8 100% 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 9: Targeting High Grade Gold
9 Targeting High Grade Gold Undrilled coincident pathfinder element targets • The latest soil sampling results at Sugarbag Hill have mapped1: • A 3.5km x 1.2km zone of elevated low-sulphidation epithermal Au-Ag For personal use only pathfinder elements • 2.2km long gold trend >20ppb Au (up to 296ppb
Slide 10: Bauloora
Bauloora Large scale programs underway and fully funded For personal use only
Slide 11: Bauloora
Bauloora 11 Targeting a Tier-1 Epithermal Deposit 27km2 Primary Vein Field Bauloora Project Ongoing discovery exposure • Drilling to commence imminently For personal use only Newmont Joint Venture ($15M)1 • Discovery focused joint venture • LGM option for 20% loan carried to production District scal
Slide 12: Fontenoy
Fontenoy Artificial Intelligence PGE-Ni-Cu Discovery For personal use only
Slide 13: Reaping the reward of Artificial Intelligence
13 Reaping the reward of Artificial Intelligence EarthAI Strategic Alliance Discovery Drillhole – February 20241 • 34m at 0.5g/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. Unlocked potential for magmatic-related
Slide 14: Glenlogan
Glenlogan A Tier-1 Cu-Au porphyry target For personal use only
Slide 15: Targeting a Copper-Gold Porphyry Giant
15 Targeting a Copper-Gold Porphyry Giant Partnership with S2 Resources Tier-1 Cadia-style porphyry target • Planning underway for testing the target in 2024 For personal use only Rio Tinto did not drill test • Rio Tinto last held in the ground in 1994 and did not drill test the target due to modell
Slide 16: Cobar
Cobar For personal use only Prime position in a prolific mining district
Slide 17: Untested Ground in the Heart of Cobar
Untested Ground in the Heart of Cobar 17 For personal use only Untested exploration search space along strike of world class mines • Along strike of the Peak Gold Mine Corridor (Aurelia, ASX) • Along strike of the CSA Mine (Metals Acquisition Corp, ASX) • Modern exploration including AEM, airborne m
Slide 18: Drake
Drake Extensive Underexplored Cu-Au mineral system For personal use only
Slide 19: Unlocking a massive Gold-Copper system
19 Unlocking a massive Gold-Copper system ‘Legacy’ project with new exploration vision and approach • Historical focus on mining has left behind great targets An untested copper opportunity For personal use only • Extensive copper oxide potential across several kilometers • Porphyry ‘smoke’ but yet
Slide 20: Extensive high-grades demonstrate potential
20 Extensive high-grades demonstrate potential Why we are here: right grades and right textures Porphyry D-vein For personal use only Examples of epithermal vein textures from drill holes KYDD003 at 65.5m, WRDD012 at 120m and 146.5m and interpreted porphyry D-veins in KYDD001 at 52.5m (Comments on E
Slide 21: Investment Case
Investment Case At the forefront of discovery 1. Multiple share price catalysts • Actively drilling with three more upcoming drill campaigns in the next 6 months For personal use only 2. Undervalued compared to peer comparisons • Sub $20M market cap. presents significant growth opportunities 3. Focu
Slide 22: Appendices – Endnotes
22 Appendices – Endnotes Slide 3, Slide 8, Slide 11 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 Mi
Slide 23: Appendices – Endnotes (continued)
23 Appendices – Endnotes (continued) Slide 6:1 Greatland Gold, greatlandgold.com/wp-content/uploads/2023/08/2023.08.07-Greatland-Diggers-Dealers-Presentation.pdf, greatlandgold.com/wp- content/uploads/2022/09/22092022-GGP-Corporate-Update-Sep-2022-vfinal.pdf 2: ASX LGM: 5 April 2023 Newmont Farm-in
Slide 24: Appendices – Endnotes (continued)
24 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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