Legacy Minerals Holdings Limited · ASX:LGM
Legacy Minerals — Investor Presentation (December 2024)
29 slides from Legacy Minerals's investor presentation, Dec 16, 2024
Slide 1: Targeting the next big discovery
79 47 29 Au Ag Cu For personal use only Targeting the next big discovery Chris Byrne, CEO & Managing Director 16 December 2024 Company Webinar chris.byrne@legacyminerals.com.au +61 499 527 547
Slide 2: Disclaimer
2 Disclaimer This presentation may contain certain statements and projections provided by or on behalf of Legacy Minerals Holdings Limited (ASX: LGM, Legacy Minerals, or the Company) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by
Slide 3: Legacy Minerals - A premier gold, silver and copper portfolio
3 Legacy Minerals - A premier gold, silver and copper portfolio 100% Owned Projects -7,067km2 For personal use only Thomson, Drake, and Black Range Joint Venture Projects -1,070km2 Bauloora, Fontenoy, Glenlogan, Cobar Map of NSW showing Legacy Minerals tenements and geographical location of major mi
Slide 4: Legacy Minerals at a glance
4 Legacy Minerals at a glance Share Price $0.16 Market Cap $19M Shares Top 20 2024 Drill Campaigns 118M 42% 7 across 5 Prospects For personal use only 0.35 10000000 Share Price $AUD 9000000 0.3 8000000 0.25 7000000 Joint Venture Funding Cash – 31 Sep Debt Volume 6000000 $1.6M 0.2 5000000 $28.3M Nil
Slide 5: Strategy to deliver shareholder value
Strategy to deliver shareholder value Discovery Acquisitions Partnerships For personal use only Targeting multi-million-ounce gold and copper systems Drake Bauloora Thomson Belt scale, 5,000km2 gold Actively Drilling One of NSW’s largest One of the largest epithermal systems epithermal vein fields i
Slide 6: Boots and Rigs on the Ground
6 Boots and Rigs on the Ground Active exploration campaigns underway Thomson • On-ground gravity and ambient noise tomography (ANT) AI-driven drill target generation – Fleet Space For personal use only • • Drill planning for Jan/Feb 2025 campaign • Historic drill core cutting and sampling underway B
Slide 7: Drake
Drake An Extensive and Underexplored Au-Ag-Cu system For personal use only
Slide 8: Drake - Unlocking a target-rich epithermal space
8 Drake - Unlocking a target-rich epithermal space A ‘Legacy’ project with new vision and approach Discovery Upside – Porgera style Cu-Au deposit (~19.7Moz)1 For personal use only • One of the largest mineral systems in NSW • Multiple untested discovery opportunities • Limited shallow drilling with
Slide 9: Drake - Unlocking a target-rich epithermal space
9 Drake - Unlocking a target-rich epithermal space1 For personal use only ASX: LGM Note: references on this slide are in the Appendix – Endnotes on Slide 29
Slide 10: Drake – Over 100% increase in Historical workings identified
10 Drake – Over 100% increase in Historical workings identified1 LiDAR Survey Interpretation • 391 mine shafts 250 adits (mine tunnels) For personal use only • • 2,726 trenches and prospecting pits • 3,367 total historical mining features, increases from approximately 1,663. Extensive Mineral System
Slide 11: Advanced Exploration Prospects
11 Advanced Exploration Prospects Red Rock, White Rock, Emu Creek, Lunatic Field1 Redrock – Epithermal Au-Ag (Cu-Zn-Pb) 1 Emu Creek - Cu The largest historical producing copper mine in the district For personal use only • 228 AuEq gxm 143m at 1.1g/t Au, 3g/t Ag, and 0.9% Pb+Zn from 0m (RRDD009) No m
Slide 12: Thomson
Thomson Belt scale exploration opportunity For personal use only
Slide 13: Thomson Discovery Opportunity
13 Thomson Discovery Opportunity Belt-scale exploration opportunity Confirmed Intrusion related Au-Cu Potential Proof of concept confirmed in historic drilling For personal use only • • Target rich environment • Numerous bulls-eye magnetic and gravity anomalies • Large alteration footprints confirme
Slide 14: Analogue Deposit: Havieron Deposit (Greatland Gold)
14 Analogue Deposit1 Havieron Deposit (Greatland Gold)1 Au-Cu Intrusion Related Deposit • Havieron is an intrusion- related system with gold and copper mineralisation For personal use only hosted in breccia, vein and massive sulphide (pyrrhotite dominant) styles • High grade gold and copper minerali
Slide 15: Highlight: F4 Anomaly Mag Modelling
15 Highlight: F4 Anomaly Mag Modelling1 Undrilled high priority target For personal use only Plan view of the F4 magnetic anomaly shells (>0.006 SI) over 3D magnetic inversion model anomaly shells (>0.006 SI) aerial image. (section 6613500mN, MGA94 z54). • Undrilled sub-linear magnetic anomaly • Mod
Slide 16: CUT-B Anomaly
16 CUT-B Anomaly1 Compelling Geophysical Target Confirmed Intrusion related Au-Cu Potential • Proof of concept confirmed in historic drilling For personal use only • Untested gravity anomaly along strike of strong and extensive alteration intercepted in drilling • Proximal IRG-Cu pathfinders indicat
Slide 17: Significant Unsampled Core
17 Significant Unsampled Core1 Core cutting underway • A significant amount of core remains unsampled from the 2011 drilling. • LGM is undertaking a re-assay of ~1,000m of the core which will include For personal use only multi-element analysis. CUTBD02, 419.8m – Unsampled arsenopyrite (grey) in qua
Slide 18: Deploying leading Geophysics – ANT & Gravity
18 Deploying leading Geophysics – ANT & Gravity Ambient Noise Tomography Deployment Large-scale, 3D subsurface data to identify belt-scale architecture including cross-arc structures that may direct fluid flow and influence the formation of For personal use only large-scale intrusive bodies and mine
Slide 19: Black Range
Black Range Under explored gold-silver epithermal systems For personal use only
Slide 20: Black Range: A large underexplored epithermal system
Black Range 20 A large underexplored epithermal system Main Prospects District scale control – 905km2 license Large Scale Potential For personal use only • Newcrest were the last to complete • Interpreted to be a nested caldera setting significant exploration over 30 years ago 1 with widespread epit
Slide 21: Joint Venture Projects
Joint Venture Projects $28.5M in JVs sees sustained discovery effort For personal use only
Slide 22: The upside in a JV - non-dilutive potential for value creation
22 The upside in a JV - non-dilutive potential for value creation Like 100% owned projects, partnerships can deliver significant returns for shareholders SP: $28.50 SP: £0.99 SP: $28 SP: $6.51 SP: £0.371 MC: $355m MC: £134m MC: $1.04b MC: $257m MC: £1.48b For personal use only SP: $0.42 MC: $3.24m S
Slide 23: Bauloora – Newmont ($15M)
23 Bauloora – Newmont ($15M) Drilling campaign underway Primary Vein Field and Current Targets Joint Venture Terms1 For personal use only • Up to $15M spent over 8 years. • Minimum drill meters. • LGM option for 20% loan carried to mining. District scale control • 27km2 low sulphidation epithermal v
Slide 24: Fontenoy – EarthAI Alliance ($4.5m)
24 Fontenoy – EarthAI Alliance ($4.5m) Drilling Underway Discovery Drillhole – February 20241,4 • 120m at 0.3g/t 3E PGE* including a higher-grade zone of: For personal use only • 10m at 1.2g/t 3E PGE, 0.2% Ni and 891ppm Cu from 388m down-hole • 200m at 0.15g/t 3E PGE* Joint Venture Terms2 • $4M earn
Slide 25: Glenlogan – S2 Resources JV ($6m)
25 Glenlogan – S2 Resources JV ($6m) Highly encouraging first drill results Preliminary Drill Observations For personal use only • Late magmatic chalcopyrite and elevated copper • May represent the fringes of a nearby potentially mineralised porphyry intrusion as yet untested by drilling Joint Ventu
Slide 26: Central Cobar – Helix JV ($2.8M)
26 Central Cobar – Helix JV ($2.8M) New Joint Venture will see an active exploration program For personal use only Prospective, undrilled search space • Along strike of the Peak Gold Mine Corridor (Aurelia, ASX) • Along strike of the CSA Mine (Metals Acquisition Corp, ASX) • Interpretation that the
Slide 27: Timeframes and Discovery Catalysts
27 Timeframes and Discovery Catalysts Ongoing drilling and target generation Drilling For personal use only Q1 – Jan/Feb Q1/Q2 – Mar/April Q1 – Jan/Feb Dec Q4 - Dec Bauloora Drake Fontenoy Fontenoy Bauloora Drilling Results Drilling Drilling Results Drilling Drilling Thomson Thomson Thomson Drilling
Slide 28: Investment Highlights
Investment Highlights Deliver shareholder value through discovery, divestment/acquisition and development For personal use only Right Structure Right People Right Ground Actively Drilling ASX: LGM
Slide 29: Appendices – Endnotes
29 Appendices – Endnotes Intro Slide 3: 1 Blue Ocean Equities, Waratah Minerals Research Initiation (8 October 2024), Australia's Identified Mineral Resources 2023, Mineral Exploration, 1 March 2024, Geoscience Australia Drake Slide 8: 1 World Gold, 2 Pacific Rim Epithermal https://corbettgeology.co
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