Legend Mining Limited · ASX:LEG

Legend Mining — Noosa Mining & Exploration Investor Conference 2018

16 slides from Legend Mining's conference presentation, Jul 18, 2018

  1. Slide 1: Prospective Fraser Range

    ASX:LEG Prospective Fraser Range For personal use only Investor Presentation July 2018

  2. 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

  3. Slide 3: Contents

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

  4. Slide 4: Nickel Market Commentary – About Nickel

    NICKEL MARKET COMMENTARY – ABOUT NICKEL 2015 – 2018 Global Balance 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 to US$6.20/lb ($7.13 max 19/4/18) • China and USA stainless steel demand r

  5. Slide 5: About Legend

    For personal use only ABOUT LEGEND  ASX listed exploration company  Market capitalisation ~$100M (2B shares @ 5.0cps)  Cash and liquids ~$7.5M as at 30 June 2018 (includes $3M receivable from Jindal)  Fraser Range – Rockford Project Chairman Managing Director Exec. Director - Technical Company S

  6. Slide 6: 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 (2,792 km2 in Fraser Zone) • Main Commodity – Nickel (stockpiles diminishing – price rising

  7. Slide 7: Project Location

    PROJECT LOCATION Rockford Project For personal use only • Located in northern Fraser Range district • 120km NE of Nova / 100km S of Tropicana • 100% within Fraser Zone (18% of total area) • Project potential for − Nova style Nickel-Copper − Tropicana style Gold • Infrastructure access “Project poten

  8. Slide 8: Fraser Zone Land Holders

    FRASER ZONE LAND HOLDERS Main Players For personal use only Legend Active & Funded Creasy Group Active & Private Independence (“IGO”) Active & ~$3B MC Legend Galileo Mining New IPO – Creasy backed  Leverage play is Legend  M&A by mid-tiers bring back life to area 8

  9. Slide 9: Rockford Project Update – Systematic Approach

    ROCKFORD PROJECT UPDATE – SYSTEMATIC APPROACH Summary to Date For personal use only • 25 Areas selected from aeromag and gravity • 21 conductors identified by innovative MLTEM • Drilling: 4 diamond holes for 2,652m 10 RC holes for 2,266m 293 aircore holes for 21,816m Area D • Exploration spend Sep 1

  10. Slide 10: Area D – Right Location

    AREA D – RIGHT LOCATION • Within the Fraser Zone For personal use only  Defined by 430km long gravity “trend”  Mapped as mafic / ultramafic intrusives  Analogies to Thompson Belt in Canada which contains clusters of orebodies  Contains three gravity “Hot Spots” • Area D lies on NE margin of cent

  11. Slide 11: Area D – Aircore Drilling

    AREA D – AIRCORE DRILLING • Multiple aeromag targets Area D – Drillholes on Aeromagnetics For personal use only within 16km x 5km feature • RC/DD Drilling – July 2016 Positive petrology • November 2017 – June 2018 153 holes for 13,315m • Ultimate aim to generate areas of focus for innovative EM surv

  12. Slide 12: Area D – Right Geology

    AREA D – RIGHT GEOLOGY • Thick blanket of nickel-copper-cobalt For personal use only enrichment • All holes ended in mineralisation • All holes ended in gabbronorite (Nova Host Rock) • Sulphides in hole RKAC183 Pent Cpy Po 12

  13. Slide 13: Current/Future Programmes

    For personal use only CURRENT/FUTURE PROGRAMMES 2018  November 2017 to June 2018 – 13,500m aircore programme  Continued systematic approach MLTEM, FLTEM, LF EM surveys  Follow up RC/DD testing 13

  14. Slide 14: Summary

    For personal use only SUMMARY • Highly Prospective Rockford Project − Two years on ground <10% area first pass EM tested • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and Partner • Grow Shareholder Value “Highly leveraged to success” 14

  15. Slide 15: Thank You

    SIR Nov 2011 (Nova discovery July 2012) For personal use only “Highly leveraged to success” 15 LEG May 2018 THANK YOU

  16. Slide 16: Legend Mining Limited

    For personal use only LEGEND MINING LIMITED WWW.LEGENDMINING.COM.AU ASX Code : LEG 16

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