Legend Mining Limited · ASX:LEG
Legend Mining — Paydirt Nickel Conference 2022
24 slides from Legend Mining's conference presentation, Oct 5, 2022
Slide 1: Growing a Nickel Province
Growing a Nickel Province For personal use only Aerial view of Mawson Camp and Coreyard ASX: LEG Paydirt Nickel Conference 5-6 October 2022
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 • Investment Case • Rockford Project Location – a sweet spot in the range • 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: Capital Structure and Financials
CAPITAL STRUCTURE AND FINANCIALS For personal use only Top Shareholders Market Capitalisation ~$110M (@ 4cps) Cash Debt 29.9 $14.9M* Nil 37 Directors & Executive Management Board of Directors Michael Atkins (Chairman) Mark Wilson (Managing Director) 12.9 Oliver Kiddie (Executive Director) 8.3 Hilary
Slide 6: Investment Case – Fundamentals
INVESTMENT CASE – FUNDAMENTALS For personal use only ✓ Right people • Experienced corporate and technical team ASX:LEG • JV Partners and major shareholders - Creasy Group (regional experience) - IGO (regional experience) ✓ Biggest block on best street (~3000km2) ✓ Nickel – future facing commodity RK
Slide 7: ESG
ESG For personal use only ENVIRONMENTAL, SOCIAL & CORPORATE GOVERNANCE 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 9 ‘Identifying the stayers’
Slide 10: The Mawson Intrusive Complex
THE MAWSON INTRUSIVE COMPLEX For personal use only ‘16km x 6km cluster of prospective intrusions’ 10
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 ‘Designed to ident
Slide 13: HiSeis – Receivers
HISEIS – RECEIVERS For personal use only ‘8300 receivers across 6.5km2’ 13
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’ 14
Slide 15: Mawson Prospect – Vibe Truck Video
MAWSON PROSPECT – VIBE TRUCK VIDEO For personal use only ‘Vibe truck in action’ 15
Slide 16: Mawson Prospect – Vibe Truck Photos
MAWSON PROSEPCT – VIBE TRUCK PHOTOS For personal use only ‘Seismic science at work at Mawson’ 16
Slide 17: Summary
SUMMARY For personal use only Junior explorer pioneering seismic as exploration tool in hard rock under cover in Fraser Range ▪ Seismic survey designed to give a 3D architecture of the Mawson intrusion in relation to country rock to +1000m – drill targets ▪ 5 diamond holes drilled 2022 for 4450m ▪ S
Slide 18: Octagonal Seismic Survey
OCTAGONAL SEISMIC SURVEY For personal use only Success of Mawson survey justified seismic at Octagonal ▪ Data collection phase Oct/Nov 22 ▪ Final product/model expected April 23 ▪ Survey area 24km2 ▪ Octagonal intrusion interpreted as optimal for seismic ▪ Drill targets expected for 2023 ‘Octagonal
Slide 19: Rockford – Regional Target Generation
ROCKFORD – REGIONAL TARGET GENERATION For personal use only ‘Evolving pipeline of quality targets’ 19
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: 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’ 21
Slide 22: 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 Seismic reprocess Target Generation Diamond Drilling Regional Statutory Approvals Geophysics MLTEM Seismic-Octagonal Aircore Drillin
Slide 23: 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 with skin in the game ✓Passion to grow shareholder value ‘Highly leveraged to success’ 23
Slide 24: Thank you
For personal use only Thank you Mark Wilson Managing Director ASX:LEG @LegendMiningLtd www.legendmining.com.au 24