Legend Mining Limited · ASX:LEG

Legend Mining — Paydirt Nickel Conference 2018

16 slides from Legend Mining's conference presentation, Oct 22, 2018

  1. Slide 1: Paydirt Nickel Conference 23 October 2018

    For personal use only ASX:LEG 1 Paydirt Nickel Conference 23October 2018

  2. 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

  3. Slide 3: Contents

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

  4. Slide 4: Nickel Market Commentary – About Nickel

    NICKEL MARKET COMMENTARY – ABOUT NICKEL Nickel Prices and Inventory 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$5.70/lb ($7.13 max 19/4/18) • Tariff and trade-war talk uncertainty

  5. Slide 5: About Legend

    ABOUT LEGEND For personal use only  ASX listed exploration company  Market capitalisation ~$70M (2B shares @ 3.5cps)  Cash and liquids ~$6.5M as at 30 September 2018 (includes $3M receivable from Jindal)  Fraser Range – Rockford Project Chairman Exec. Director - Technical Company Secretary Manag

  6. Slide 6: Investment Case

    INVESTMENT CASE Fundamentals For personal use only • Right People  Experienced corporate and technical team  JV Partner and major shareholder - Creasy Group (regional experience) • Biggest block on best street (2,621km2 in Fraser Zone) • Main Commodity – Nickel (stockpiles diminishing – price risi

  7. Slide 7: Project Location

    For personal use only PROJECT LOCATION Rockford Project • 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 – transport, p

  8. Slide 8: Fraser Zone Land Holders

    FRASER ZONE LAND HOLDERS For personal use only MAIN PLAYERS  Legend Active & Funded  Creasy Group Active & Private  Independence (“IGO”) Active & ~$2.5B Mkt Cap  Galileo Mining New IPO – Creasy backed  Regional spend producing results – value add 8  Leverage play is Legend

  9. Slide 9: Rockford Project Update – Systematic Approach

    For personal use only ROCKFORD PROJECT UPDATE – SYSTEMATIC APPROACH Summary to Date • 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 485 aircore holes for 33,455m Area D • Exploration spend Sept

  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 For personal use only within 16km x 5km feature • RC/DD Drilling – July 2016 Positive petrology • Nov 2017 – June 2018 153 holes for 13,315m • Ultimate aim to generate areas of focus for innovative EM surveys • Identified four zones of anomalous N

  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: Area D – Right Lithology

    AREA D – RIGHT LITHOLOGY • RKDD002 - Ultramafic with cumulate texture containing disseminated pyrrhotite and minor For personal use only pentlandite-chalcopyrite • Sulphidic metasediments/granulite (sulphur source) • Identified basal contact – metased/gabbro – right position for mineralisation Legen

  14. Slide 14: Current/Future Programmes

    CURRENT/FUTURE PROGRAMMES 2018 For personal use only  Ongoing regional aircore programme – total to date 485 holes – 33,455m  Continued systematic approach MLTEM, FLTEM, LF EM surveys  Follow up RC/DD testing Aircore Rig, Rockford Project EM Surveying , Rockford Project 14

  15. Slide 15: Summary

    For personal use only SUMMARY • Highly Prospective Rockford Project − Three years on ground <10% area first pass EM tested • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and JV Partner Creasy says to Wilson: “This is what it looks like – go find it!”

  16. Slide 16: Thank You

    SIR Nov 2011 (Nova discovery July 2012) For personal use only 16 THANK YOU LEG May 2018

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