Slide 1: Fertile Fraser Range - Transformational Deals
ASX:LEG Fe r t i l e Fr a s e r R a n ge - Tr a n s fo r m a t i o n a l D e a l s Investor Presentation October 2019
Slide 2: IGO Nova Site Visit Presentation quote
2 “IGO Nova Site Visit Presentation 2 August 2019 (p.61)”
Slide 3: IGO believes in the Albany Fraser Belt
“IGO believes in the Albany Fraser Belt and is positioning itself of exponential growth.” 3 “IGO Nova Site Visit Presentation 2 August 2019 (p.58 & 60)”
Slide 4: Seahorse Project, Madura Province – August 2019
BHP BILLITON – NICKEL WEST NEW GREENFIELDS NICKEL PROJECT Creasy says to Wilson: “This is what it looks like – go find it!” “Seahorse Project, Madura Province – August 2019” 4 “Seahorse Project, Madura Province – August 2019”
Slide 5: Disclosure
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. Any forward looking
Slide 6: Contents
CONTENTS 1. Nickel Market Commentary 2. About Legend Investment Case Rockford Project Location Transformational Deals Rockford Project Activities 3. Summary L-R: Legend MD Mark Wilson, IGO MD & CEO Peter Bradford and Creasy Group Mark Creasy “ F e r t i l e F r a s e r R a n g e – Tr a n s f
Slide 7: Nickel Prices and Inventory
NICKEL MARKET COMMENTARY – ABOUT NICKEL Nickel Prices and Inventory • Balance in deficit since 2016, predicted to continue • Stockpiles diminishing from peak 900Kt (2015)* • Price increase from US$3.80/lb (2016) to US$8.00/lb (2019) • Tariff and trade-war - Brexit - uncertainty – negative sentiment
Slide 8: About Legend
ABOUT LEGEND ASX listed exploration company (ASX : LEG) Market capitalisation ~$85M (2.4B shares @ 3.6cps) Cash and receivables total $13.5M (includes $3M receivable from Jindal) Fraser Range – Rockford Project The Board of Directors Top 20 Shareholders (63.1%) Creasy Group (26.8%) IGO
Slide 9: Investment Case - Fundamentals
INVESTMENT CASE - FUNDAMENTALS • Right People Experienced corporate and technical team JV Partners and major shareholders - Creasy Group (regional experience) - Independence Group (regional experience) • Biggest block on best street (3,088km2 in Fraser Zone) • Main Commodity – Nickel (stockpiles
Slide 10: Rockford Project Location
ROCKFORD PROJECT LOCATION • 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 − Tropicana style Gold • Infrastructure access – transport, power “ P r o j e c t p o t e n
Slide 11: Joint Ventures and Capital Raise
ROCKFORD PROJECT – TRANSFORMATIONAL AGREEMENTS JOINT VENTURES AND CAPITAL RAISE • New Creasy Group JVA @ 3.6 cps • New IGO JVAs • Capital raise $9.8M @ 3.6 cps to IGO JVA Title Tenement Area km2 Ownership E28/1716 355 Ponton JVA 2019 Legend 70% / Creasy 30% E28/1617 354 E28/1718 353 Ponton JVA 2015
Slide 12: New Joint Venture Agreements
ROCKFORD PROJECT – TRANSFORMATIONAL AGREEMENTS NEW JOINT VENTURE AGREEMENTS • New JVA with Creasy Group 70/30 - Tenements contiguous with existing - 709km2 - total project now 3088km2 - Nickel-copper sulphides at Octagonal - Increased exposure to Western Stratigraphic Package • Two new JVAs with Cre
Slide 13: Fraser Zone Land Holders - Main Players
FRASER ZONE LAND HOLDERS MAIN PLAYERS Legend Active & Funded Creasy Group Active & Private Independence (“IGO”) Active & ~$3.5B Mkt Cap Galileo Mining 2018 IPO – Creasy backed Regional spend producing results – value add Leverage play is Legend 13
Slide 14: Rockford Project Update - Area D
ROCKFORD PROJECT UPDATE – CURRENT PROGRAMMES AREA D • LF MLTEM Survey new geophysical modelling • Remodelled D5 Conductor - Geology - Geochemistry - Petrology • Remodelled D1 Conductor - Very Strong - Discrete • Diamond Drilling Oct 2019 Prospective Area D 14
Slide 15: Pre-discovery Nova / Area D comparison
SIR Nov 2011 (Nova discovery July 2012) 15 “Pre-discover y Nova / Area D comparison” LEG May 2018
Slide 16: Rockford Project Update - Current Programmes
ROCKFORD PROJECT UPDATE – CURRENT PROGRAMMES Octagonal and Magnus Prospects (Ni-Cu-Co) • Innovative MLTEM surveys • Diamond drill 2020 Crean Prospect (Ni-Cu-Co) • Innovative MLTEM survey 4Q19 • Diamond drill 2020 Worsely Prospect (VMS style) – 100% LEG • Infill MLTEM survey 4Q19 • Diamond Drill 2020
Slide 17: Current/Future Programmes 2019 - Summary
CURRENT/FUTURE PROGRAMMES 2019 - SUMMARY • Diamond Drilling at Area D • Ongoing regional aircore programme – total to date 706 holes – 50,287m • Continued systematic approach MLTEM, FLTEM, LF EM, IP surveys • Follow up RC/DD testing Aircore Rig, Rockford Project EM Surveying , Rockford Project 17
Slide 18: Summary
SUMMARY • Highly Prospective Rockford Project − Four years on ground <10% area first pass EM tested • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and JV Partners • Grow Shareholder Value “Highly leveraged to success” 18
Slide 19: Legend Mining Limited - Thank You
ASX : LEG LEGEND MINING LIMITED - THANK YOU 19