Legend Mining Limited · ASX:LEG
Legend Mining — Diggers & Dealers Mining Forum 2021
24 slides from Legend Mining's conference presentation, Aug 2, 2021
Slide 1: Evolving Mawson
ASX:LEG Evolving Mawson For personal use only Rockford Project – Fraser Range, WA DIGGERS & DEALERS MINING FORUM 2-4 August 2021 ASX: LEG
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: Environmental, Social, and Corporate Governance
Environmental, Social, and Corporate Governance For personal use only Legend Mining prides itself on continuing, developing, and maintaining excellent Stakeholder Relationships Reflected in our updated ESG Policies found at: www.legendmining.com.au ‘Walking the Talk on Stakeholder Relationships’ 3
Slide 4: Contents
CONTENTS For personal use only 1. Nickel Market Commentary 2. About Legend ➢ Investment case ➢ Rockford Project location ➢ Mawson Prospect ➢ Regional Exploration ➢ 2021 Activity Programs 3. Summary ‘A ‘green metal’ story from a project with enormous growth potential’ 4
Slide 5: Batteries to become almost 30% of nickel market by 2030
BATTERIES TO BECOME ALMOST 30% OF NICKEL MARKET BY 2030 For personal use only "Demand for nickel in batteries is estimated to grow by over 500% over the next decade, in large part to support the world's rising demand for electric vehicles“ Vandita Pant, BHP Nickel West ‘ Nickel – the Future Facing C
Slide 6: Green Metals Critical to the EV Evolution
Green Metals Critical to the EV Evolution For personal use only Nickel - demand is forecast to increase Copper – demand is forecast to increase Cobalt – demand is forecast to increase ‘ EV sales forecast – 15 times increase from 2020 to 2030’ 6
Slide 7: About Legend
ABOUT LEGEND RIGHT PEOPLE - RIGHT COMMODITY - STRONG CASH POSITION For personal use only Capital Structure and Financials Market Capitalisation Cash ~250M (@ 9c ps) $26.3M* Options Debt 147M@7.2c 7-9/2022 Nil Directors & Senior Management Board of Directors Key Management Michael Atkins (Chairman) L
Slide 8: Why Invest in Legend?
WHY INVEST IN LEGEND? ✓ Right People For personal use only ➢ Experienced corporate and technical team ➢ JV Partners and major shareholders ASX:LEG ➢ - Creasy Group (regional experience) ➢ - IGO (regional experience) ✓ Biggest block on best street (~3000km2) ✓ Nickel – Future Facing Commodity ✓ Stron
Slide 9: Rockford Project Location
ROCKFORD PROJECT LOCATION For personal use only ▪ Fraser Range, Western Australia ▪ 120km NE of Nova / 100km S of Tropicana ▪ 100% within Fraser Zone ▪ Primary Exploration Target Magmatic Ni-Cu-Co ▪ Outstanding Existing Infrastructure ▪ Transport and Power ▪ Communications ‘Excellent infrastructure
Slide 10: Why Explore in the Albany Fraser Belt?
WHY EXPLORE IN THE ALBANY FRASER BELT? For personal use only Mawson (Ni-Cu-Co) Note: Mawson details released by Legend (ASX releases 2021) IGO Nova Site Visit Presentation 2 August 2019 (p.58) ‘The Fraser Range is a compelling, potential world class Nickel Belt’ 10
Slide 11: Fraser Range - Main Players
FRASER RANGE – MAIN PLAYERS For personal use only Main Players ‘Want Fraser Range Nickel Exposure? – Legend is the Leverage Play’ 11
Slide 12: The Mawson Intrusive Complex
THE MAWSON INTRUSIVE COMPLEX Greater Mawson For personal use only • 16kmx6km – interpreted as clusters of intrusives • Largely untested target areas • Massive nickel-copper sulphide in multiple diamond drill holes in 2020/2021 has increased prospectivity • Geochemistry, geology and geophysics have a
Slide 13: Mawson Intrusion - 3D Model
MAWSON INTRUSION - 3D MODEL For personal use only ‘ M a ws o n C o nt i nue s to Ev o l v e & G r o w ’ 13
Slide 14: Mawson Evolving Through Systematic Exploration
MAWSON EVOLVING THROUGH SYSTEMATIC EXPLORATION February 2021 June 2021 For personal use only 29 DD holes Chonolith ~400m strike length 1x Massive Ni-Cu-Co Zone 27 DD holes Chonolith +1.4km strike length 3x Massive Ni-Cu-Co Zones ‘ M a ws o n – A n Ev o l v i n g S to r y ’ 14
Slide 15: Mawson So Far...
MAWSON SO FAR… The Mawson Intrusion For personal use only ▪ +3km x 1.2km intrusion open in all directions ▪ Large Ni-Cu-Co system ▪ Significant thickness of massive Ni-Cu sulphide i.e. RKDD034 31.1m @ 2.80% Ni, 2.04% Cu, 0.15% Co ▪ Multiple intercepts identifying broad disseminated Ni-Cu sulphide ha
Slide 16: Mawson - Project De-risking - Metallurgy
MAWSON – PROJECT DE-RISKING - METALLURGY For personal use only Phase 1 Sighter Metallurgy Completed RKDD034 – Massive Ni-Cu-Co Domain ✓ Recovery and concentration via conventional flotation ✓ Separate Nickel and Copper concentrates ✓ High recoveries Cu (%) Composite Head Assay Ni (%) Fe (%) S (%) Mg
Slide 17: Mawson - Project De-risking - Environmental
MAWSON – PROJECT DE-RISKING - ENVIRONMENTAL For personal use only Phase 1 Environmental Surveying Completed Level 1 Flora & Fauna Survey Completed ✓ Large Survey Area >1600ha. ✓ No PEC’s or TEC’s identified ✓ Focused Future surveys to refine footprint ‘ L e v e l 1 F & F C o m p l e te d a c r o s s
Slide 18: Rockford Regional Targets
ROCKFORD REGIONAL TARGETS For personal use only Regional Target Pipeline – Testing 2021 ▪ Project scale target analysis identifies over 30 new highly-ranked targets ▪ Innovative MLTEM scheduled for highest ranked targets ▪ Diamond drilling Octagonal, Magnus, Hurley, and Crean from August 2021 ▪ +$4M
Slide 19: Recognised Industry Professionals
RECOGNISED INDUSTRY PROFESSIONALS For personal use only A & A CRAWFORD RN&N ENGLAND Geological Research Consultants Petrologist Geochemical Services Pty Ltd ‘Legend team supported by world class consultants – punching above our weight’ 19
Slide 20: Rockford 2021 Work Programs
ROCKFORD 2021 WORK PROGRAMS For personal use only 2021 Jul Aug Sep Oct Nov Dec Mawson Prospect Target Generation Diamond Drilling Geophysics DHTEM Regional Statutory Approvals Geophysics MLTEM/FLTEM/DHTEM Aircore Drilling Diamond Drilling Magnus/Octagonal Hurley/Crean ‘ E x p l o r a t i o n O n g o
Slide 21: Join the Legend Journey...
JOIN THE LEGEND JOURNEY…. For personal use only ✓ Right Project, Right Commodity, Right Time ✓ Systematic, Persistent, Committed ✓ Well Funded to Execute ✓ Right People ✓ Continue to Grow Shareholder Value ‘ H i g h l y L e v e r a g e d to S u cce s s ’ 21
Slide 22: Thank you
For personal use only Thank you Oliver Kiddie Executive Director ASX:LEG @LegendMiningLtd w w w. l e ge nd mi n i n g . co m . a u 22
Slide 23: Notes
NOTES For personal use only w w w. l e ge nd mi n i n g . co m . a u 23
Slide 24: Legend Mining Limited
For personal use only Legend Mining Limited www.legendmining.com.au @LegendMiningLtd ASX : LEG