Slide 1: Navigating Negative Nickel Sentiment
For personal use only Navigating Negative Nickel Sentiment Fremantle 13-15 February 2024 Legend Mining 1
Slide 2: Disclaimer
Disclaimer 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: Corporate Overview
Corporate Overview Capital Structure & Board of Directors Top Shareholders Market For personal use only Capitalisation ~$49M (@ 1.7cps) 29.9 36.8 Cash Debt $11.6M* Nil Top 20 63.2% Board of Directors 12.9 Mark Wilson – Executive Chair 8.7 Oliver Kiddie – Managing Director 5.3 6.4 Hilary Macdonald –
Slide 4: Investment Highlights
Investment Highlights For personal use only Future-facing commodity explorer for critical battery metals Ni-Cu-Co Dedicated team of science-driven explorers, with track record of discovery Enviable location and tenement package Mawson Mineral Resource – strategic - foundation to grow Pipeline of tar
Slide 5: Why the fall in nickel price?
Why the fall in nickel price? For personal use only ▪ Increase in supply of Class 2 nickel from Indonesia ▪ Lower demand due to lower EV uptake than forecast ▪ Surplus nickel supply forecast until 2028 ▪ Is this looming deficit likely to be filled with Class 2 nickel in a decarbonised future? Source
Slide 6: Where are the nickel discoveries coming from?
Where are the nickel discoveries coming from? Major Nickel Discoveries 1990-2022 For personal use only Nickel Sulphide* (MMt) Nickel Oxide* (MMt) Nickel Exploration Budget ($M) 20 1400 ▪ Discoveries have dropped off a cliff since 2010 18 1200 16 ▪ The next big nickel discoveries are under cover in 1
Slide 7: Rockford Project Location
Rockford Project Location ▪ Fraser Range, Western For personal use only Australia ▪ 150km 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 LEGENDMINING.COM.AU Legend
Slide 8: Rockford Project
Rockford Project For personal use only ▪ ~2,500km2 prospective tenure ▪ World-class under explored nickel belt ▪ LEG team know how to find these mineralised intrusions ▪ Potential for more orebodies to be found ▪ Pipeline of targets generated with science-driven methodology ▪ Rationalising ground ho
Slide 9: Octagonal
Octagonal For personal use only ✓ Same mineralisation ✓ Same host structure ✓ Same fold pattern ✓ Same host rocks LEGENDMINING.COM.AU Legend Mining 9
Slide 10: Octagonal – a discovery in the making
Octagonal – a discovery in the making ▪ 4x DD holes completed in 2023 ▪ Fertile intrusion extends at depth, with increased For personal use only Ni-Cu sulphide towards basal contact ▪ High MgO intrusion intersected with highest nickel tenor to date identified at Octagonal ▪ Outstanding geological re
Slide 11: Where there is smoke…
Where there is smoke… For personal use only ▪ Petrology from drilling completed in 2023 confirms the high MgO host lithology we are searching for, and importantly, high tenor Ni-Cu sulphide LEGENDMINING.COM.AU Legend Mining 11
Slide 12: Mawson Ni-Cu-Co Deposit
Mawson Ni-Cu-Co Deposit Maiden MRE (JORC 2012) For personal use only ▪ 28,200t metal* ▪ Shallow (65m-305m) ▪ Excellent metallurgy ▪ Level 1 F&F completed ▪ Mineralisation remains open ▪ Seismic reprocessing ▪ Foundation on which to grow ▪ Strategic MRE given remaining MAWSON MINERAL RESOURCE ESTIMAT
Slide 13: More to be found at Mawson
More to be found at Mawson For personal use only ▪ 3D seismic data reprocessing identifies compelling target zone below existing drilling ▪ SensOre AI/ML technology independently identifies same target zone LEGENDMINING.COM.AU Legend Mining 13
Slide 14: Mawson drill targets
Mawson drill targets For personal use only ▪ Diamond drilling to test a large target area below existing drilling, in the shadow of the D9 conductor LEGENDMINING.COM.AU Legend Mining 14
Slide 15: Regional Rockford
Regional Rockford For personal use only LEGENDMINING.COM.AU Legend Mining 15
Slide 16: Exploration Schedule
Exploration Schedule CY 2024 2024 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec OCTAGONAL For personal use only Statutory Approvals Geophysics Target Generation Diamond Drilling MAWSON Statutory Approvals Geophysics Target Generation Diamond Drilling REGIONAL Statutory Approvals Geophysics Target
Slide 17: No better time to invest in Legend
No better time to invest in Legend For personal use only ✓ Future-facing commodity ✓ Dedicated team with discovery DNA ✓ Skin in the game, backing ourselves ✓ Mineral Resource with growth potential ✓ Funded to execute LEGENDMINING.COM.AU Legend Mining 17
Slide 18: Thank You
For personal use only Thank You Oliver Kiddie Managing Director LEGENDMINING.COM.AU ASX: LEG