Slide 1: Well funded active explorer
“Well funded active explorer” For personal use only Photo: Mark Wilson and Mark Creasy Proactive Investor Presentation – March 2017 ASX: LEG1
Slide 2: Disclosure
For personal use only DISCLOSURE 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: Investment Case
INVESTMENT CASE Fundamentals For personal use only • Right People Experienced corporate and technical team Partner and major shareholder - Creasy Group (regional experience) • Biggest block on best street (2,800 km2 in Fraser Zone) • Main Commodity – Nickel (supply/demand in deficit) • Cashed up
Slide 4: About Legend
For personal use only ABOUT LEGEND ASX listed exploration company (ASX: LEG) Market capitalisation ~$24.4M (2B shares @ 1.2c) Cash and liquids ~$10.1M as at 31 December 2016 (includes $3M receivable from Jindal Steel & Power*) Fraser Range – Rockford Project Chairman Managing Director Exec.
Slide 5: Project Location
PROJECT LOCATION Rockford Project For personal use only • Located in northern Fraser Range district in Western Australia • 100km NE of Nova 100km S of Tropicana • 100% within Fraser Zone (18% of total area) • Infrastructure access • Project potential for - Nova style Nickel-Copper - Tropicana style
Slide 6: Fraser Zone Landholders
FRASER ZONE LANDHOLDERS Tropicana Five Main Players For personal use only Tropicana • Legend Mining - Active & Funded • Creasy Group - Active & Private Nova • Independence (“IGO”) - Active & $2.6B MC • MMG / Segue JV - Active Legend Mining • IGO/Orion JV - Announced 10/3/17 Creasy Group Nova IGO MMG
Slide 7: Exploration Techniques – Regional EM
EXPLORATION TECHNIQUES – REGIONAL EM For personal use only Areas EM Tested • 15 Areas tested to Dec 2016 • Areas selected from aeromag & gravity interpretation • 7 conductors drill tested to date – 5 RC and 2 Diamond holes • Technical Success at Area ‘D’ – Right Right rocks (ultramafic) with anomalo
Slide 8: EM Technique
EM TECHNIQUE Innovative System For personal use only • 500m spaced lines • 300 x 300 ‘moving’ loop • 200amp current into loop • Returned signal read • Enables modelling of conductive bodies to 500m below surface EM Surveying • 20 loop moves/day 8
Slide 9: Current EM Activities
CURRENT EM ACTIVITIES For personal use only Conductors Modelled for • Depth • Size • Orientation • Strength Enables drill holes to be designed to test conductors Area N Conductors on Aeromagnetics (left) and Gravity (right) Images Note: Conductor N1 defined in preliminary modelling only Conductor N2
Slide 10: Current EM Activities
CURRENT EM ACTIVITIES For personal use only Targets Selected for EM by: • Aeromag interpretation • Gravity interpretation • Aircore drill information (if available) Areas L, M and O over Aeromagnetics with Proposed Aircore Traverses 10
Slide 11: Exploration Techniques - Aircore Drilling
EXPLORATION TECHNIQUES - AIRCORE DRILLING For personal use only Data Obtained from Aircore Drilling • Depth of cover • Top of fresh rock geochem • Rock type identification • Petrology of selected samples Aircore Drilling 11
Slide 12: Recent Acquisitions
RECENT ACQUISITIONS Two New Tenements For personal use only • Contiguous with project tenements • Good datasets with acquisition • Activities dovetail with existing • Increase exposure to Western stratigraphy 12
Slide 13: About Nickel
ABOUT NICKEL Sound fundamentals For personal use only • Deficit (60kt) 2016, similar 2017 • Supply dominated by uncertainty in Philippines and Indonesia • Demand underpinned by increase SS production in China (“Belt Road Initiative”) and electric vehicle battery requirements. 13
Slide 14: Recent DMC and EMD Seminar
RECENT DMC AND EMD SEMINAR For personal use only Jakarta Feb 2017 • New export conditions for metal minerals • Written word • Interpretation • Short term policy fix • Uncertainty – no major change to status quo (~50kt) 14
Slide 15: Exploration Activities
EXPLORATION ACTIVITIES For personal use only Rockford Project Rockford Exploration Camp 15 Chairman and Exploration Manager Wildflowers – Fraser Range
Slide 16: Thank You
For personal use only THANK YOU LEGEND MINING LIMITED A S X : L E G16