Legend Mining Limited · ASX:LEG
Legend Mining — RIU Resurgence Conference 2020
16 slides from Legend Mining's conference presentation, Sep 15, 2020
Slide 1: Mawson – A progressive developing story
ASX:LEG For personal use only Mawson – A progressive developing story RIU RESURGENCE CONFERENCE 15-16 SEPTEMBER 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 Nickel Prices and Inventory For personal use only • 12 months ago deficits likely – now surplus (Covid-19 damaged near term demand) • SS useage still ~70% of Ni consumption – (10 x batteries) • Role of Indonesia critical to medium term market outlook – policy
Slide 5: About Legend
ABOUT LEGEND – ASX:LEG For personal use only Market capitalisation ~$375M (Shares 2.5B@15c) (Options – 150M@4c 9/2020; 75M@4c 3/2021; 149M@7.2c 7-9/2022) Cash and receivables ~ $28.8M (includes $2.25M receivable from Jindal) @ 30/06/2020 Fraser Range – Rockford Project Board of Directors Top
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 2018 IPO – Creasy backed Regional spend producing results – value add Leverage play is Legend 8
Slide 9: Rockford Prospect Locations
ROCKFORD PROSPECT LOCATIONS For personal use only Regional Programmes • Regional aircore programmes targeting co-incident mag lows/gravity highs/MLTEM conductors • Follow up RC/diamond drilling • $4M planned expenditure 2020 Rockford Prospect Locations “Current Rockford Prospects” 9
Slide 10: Rockford Greater Mawson Area
ROCKFORD GREATER MAWSON AREA Greater Mawson For personal use only • 16kmx6km – interpreted as clusters of intrusives • Untested geochem targets • Holes RKDD007, 008, 011, 013, 017, 021 & 023 have massively increased prospectivity • Aircore & gravity to assist in prioritising for RC/diamond drill tes
Slide 11: Mawson Diamond, RC and Aircore Drillhole Locations
MAWSON DIAMOND, RC AND AIRCORE DRILLHOLE LOCATIONS Aircore Drilling For personal use only • Western and eastern geochemical footprint Diamond Drilling • Massive sulphides in holes 7, 8, 11, 13, 17 & 23 • Fourth publicly disclosed massive sulphides in Fraser Zone (Thompson Belt analogy) RC Drilling •
Slide 12: Diamond Drillhole RKDD021
DIAMOND DRILLHOLE RKDD021 RKDD021 For personal use only • Circa 200m from known mineralisation • Mineralisation in intrusive rocks (closer to source??) 9m & 15m intercepts • Net-texture intercept is material in global context – think Voiseys Bay and Nova • Conductance readings of core do not reconci
Slide 13: Diamond Drillhole RKDD023
DIAMOND DRILLHOLE RKDD023 For personal use only RKDD023 • 12.95m massive sulphide intercepts • +90m mineralised intercept • 200m from previous massive intercepts • DHTEM followed by next diamond drillhole Massive Ni-Cu Sulphide from Drill233m, RKDD023 from Section NQ2 6,598,580N - RKDD011 and RKDD01
Slide 14: Next Programmes – Regular Newsflow
NEXT PROGRAMMES – REGULAR NEWSFLOW Mawson For personal use only • Ongoing aircore, RC & diamond drilling • Down hole EM surveys to identify targets for follow up holes Regional • Innovative Moving Loop EM surveys • Aircore drilling for depth of cover and geochemistry • Follow up RC/diamond drilling
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