Slide 1: Growing a Nickel Province
For personal use only Growing a Nickel Province Sunrise at Mawson June 2022 Noosa Mining Investor Conference 20-22 July 2022 ASX: LEG
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 ▪ Corporate Details ▪ Rockford Project Location ▪ Mawson Prospect ▪ Regional Exploration ▪ 2022 Activities 3. Summary 3
Slide 4: Nickel Market Commentary – About Nickel
NICKEL MARKET COMMENTARY – ABOUT NICKEL For personal use only Stainless steel dominates nickel usage – batteries now the second largest use, and growing rapidly. China and Indonesia dominate world supply and demand Global nickel consumption by first use, 2021 ▪ Stainless steel industry consumed 1.96
Slide 5: Nickel Market Commentary – About Nickel
NICKEL MARKET COMMENTARY – ABOUT NICKEL For personal use only Monthly change in reported nickel ▪ Market currently in deficit (surplus stocks previously predicted) 7.5 10 ▪ Booming stainless steel in 2021 – slowing 0 2022 -0.5 -2.8 -4.6 -10 ▪ 2021 supply lower than expected (big miss '000t -9.7 -10.
Slide 6: Capital Structure and Financials
CAPITAL STRUCTURE AND FINANCIALS For personal use only Top Shareholders Market Capitalisation Cash ~$140M (@ 5cps) $14.9M* Options Debt 29.9 45M@7.2c 9/2022 36.7 Nil Directors & Executive Management Board of Directors Michael Atkins (Chairman) 12.9 Mark Wilson (Managing Director) 8.6 Oliver Kiddie (
Slide 7: Environmental, Social & Corporate Governance
ENVIRONMENTAL, SOCIAL & CORPORATE GOVERNANCE For personal use only Legend Mining prides itself on continuing, developing, and maintaining excellent Stakeholder Relationships Reflected in our ESG Policies found at: www.legendmining.com.au ‘Walking the Talk on Stakeholder Relationships’ 7
Slide 8: 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 9: Last Decade in the Fraser Range
LAST DECADE IN THE FRASER RANGE For personal use only 11 ‘Identifying the Stayers’
Slide 10: The Mawson Intrusive Complex
THE MAWSON INTRUSIVE COMPLEX For personal use only ’ 1 6 k m x 6 k m C l u ste r o f Pr o s p e c t i v e I n t r u s i o n s ’ 12
Slide 11: Understanding the Mawson Mineralising System
UNDERSTANDING THE MAWSONMINERALISING SYSTEM For personal use only What we know… ▪ Large, mineralised intrusion, remains open in multiple directions ▪ Structurally controlled intrusion ▪ Significant thickness of massive Ni-Cu sulphide i.e. 31.1 metres @ 2.80% Ni, 2.04% Cu, 0.15% Co ▪ Multiple interce
Slide 12: 3D Seismic Survey
3D SEISMIC SURVEY For personal use only Detailed 3D Seismic Survey Completed ▪ 6.5km2 coverage area ▪ Aim to define chonolith below 500m depth and outside existing drilling ▪ Ultra-detailed survey across the discovery zone to test for direct detection signature of massive sulphide ‘ D e s i g n e d
Slide 13: HiSeis – Receivers
HISEIS – RECEIVERS For personal use only ‘ 8 3 00 r e c e i v e r s a c r o s s 6 . 5 k m 2 ’ 15
Slide 14: Mawson Prospect – Vibe Truck Line Layout
MAWSON PROSPECT – VIBE TRUCK LINE LAYOUT For personal use only ▪ 80km of lines 50m apart – 50% utilisation of existing tracks ▪ Vibe truck positions every 12-18m ▪ All 8,300 receivers read each vibration ’80km of lines’ 16
Slide 15: Mawson Prospect – Vibe Truck Video
MAWSON PROSPECT – VIBE TRUCK VIDEO For personal use only ‘ Vibe truck in action’ 17
Slide 16: Mawson Prospect – Vibe Truck Photos
MAWSON PROSEPCT – VIBE TRUCK PHOTOS For personal use only ‘ S e i s mi c s c i e n c e a t w o r k a t M a w s o n ’ 18
Slide 17: Summary
SUMMARY For personal use only ▪ Seismic survey designed to give a 3D architecture of the Mawson intrusion in relation to country rock to +1000m ▪ Known data to 500m – blue print for seismic interpretation ▪ Ability to geologically fingerprint seismic data to 500m ▪ Greater accuracy in seismic data i
Slide 18: Mawson Priority Drilling Targets 2022
MAWSON PRIORITY DRILLING TARGETS 2022 For personal use only Priority Target Areas to be assessed with Diamond Drilling ▪ Drilling started April 2022 ▪ >4,000m planned ▪ Additional modelling and targeting ongoing ▪ Rockford Project Budget CY2022 +$6M Mawson chonolith, diamond drillholes, and section
Slide 19: Rockford – Regional Target Generation
ROCKFORD – REGIONAL TARGET GENERATION For personal use only ‘Evolving Pipeline of Quality Targets’ 21
Slide 20: Rockford Regional Targets
ROCKFORD REGIONAL TARGETS For personal use only Regional Targets – Testing 2022 ▪ Project scale target analysis ▪ Intrusion ‘fingerprinting’ - $Ni Vector Index ▪ Continue to identify new targets ▪ Innovative MLTEM scheduled for highest ranked targets ▪ Follow up with infill AC drilling ▪ Test compel
Slide 21: Octagonal & Magnus Prospects
OCTAGONAL & MAGNUS PROSPECTS For personal use only ▪ Two ‘Eye’ Feature Intrusions ▪ Distinctive Nova type ‘eye’ features ▪ Aircore & Diamond drilling identified prospective Ni-Cu intrusions with sulphides ▪ Right intrusive rocks for nickel- copper e.g. Nova/Voisey’s Bay ▪ Ideal targets for Seismic a
Slide 22: Recognised Industry Professionals
RECOGNISED INDUSTRY PROFESSIONALS For personal use only A & A CRAWFORD Geological Research Consultants RN&N ENGLAND Petrologist Geochemical Services Pty Ltd ‘Persistence and Perseverance will Land the Prize’ 24
Slide 23: Rockford 2022 Work Programmes
ROCKFORD 2022 WORK PROGRAMMES For personal use only Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mawson Prospect Statutory Approvals Geophysics Seismic-Mawson DHTEM Target Generation Diamond Drilling Regional Statutory Approvals Geophysics MLTEM Seismic-Octagonal Aircore Drilling
Slide 24: Join the Legend Journey
JOIN THE LEGEND JOURNEY…. For personal use only Highly Leveraged to Success ✓Right Project, Right Commodity, Right Time ✓Systematic, Persistent, Committed ✓Well Funded to Execute ✓Right People with Skin in the Game ✓Passion to Grow Shareholder Value ASX:LEG ‘T H A N K YO U ’ 26