Legend Mining Limited · ASX:LEG
Legend Mining — Australian Nickel Conference 2017
17 slides from Legend Mining's conference presentation, Oct 17, 2017
Slide 1: Going the Distance in the Fraser Range
For personal use only Going the Distance in the Fraser Range 17 October 2017 Australian Nickel Conference 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: Contents
For personal use only “Going the Distance in the Fraser Range” CONTENTS 1. Nickel market commentary 2. About Legend i. Investment Case ii. Rockford Project Location iii. Rockford Project Activities 3. Summary 3
Slide 4: Nickel Market Commentary – China Mining 2017
NICKEL MARKET COMMENTARY – CHINA MINING 2017 Key takeaways For personal use only • Conference Theme - “Promoting Mining Prosperity under Silk Road Spirit” • Belt Road initiative - Trade, technological and cultural exchange • Continued China and new America growth - SS and commodity demand solid • Ne
Slide 5: Nickel Market Commentary – About Nickel: Global Balance
NICKEL MARKET COMMENTARY – ABOUT NICKEL For personal use only 2010 – 2017 Global Balance Global balance 200 • Market returned to deficit 2016 150 • Supply uncertainty from Indonesia 100 and Philippines 50 kt Ni 0 • China and USA SS demand robust -50 -100 • Promising new EV battery demand 2010 2011 2
Slide 6: Nickel Market Commentary – Nickel Stockpiles
NICKEL MARKET COMMENTARY – ABOUT NICKEL Nickel stockpiles For personal use only 2010 – 2017 Global Stockpiles 500 400 • Supply response to ultra low price has been slow 300 kt Ni • Nickel stockpiles stubbornly remain above normal 200 • Commodity price vulnerable to financial speculation 100 • Asia N
Slide 7: About Legend
For personal use only ABOUT LEGEND ASX listed exploration company Market capitalisation ~$20.4M (2B shares @ 1.0c) Cash and liquids ~$9.6M as at 30 June 2017 (includes $3M receivable from Jindal) Fraser Range – Rockford Project Chairman Managing Director Exec. Director - Technical Company Se
Slide 8: Investment Case
INVESTMENT CASE Fundamentals For personal use only • Right People Experienced corporate and technical team Partner and major shareholder - Creasy Group (regional experience) • Biggest block on best street (2,792 km2 in Fraser Zone) • Main Commodity – Nickel (supply/demand in deficit) Photo: Mark
Slide 9: Project Location – Rockford Project
PROJECT LOCATION Rockford Project For personal use only • Located in northern Fraser Range district • 120km NE of Nova / 100km S of Tropicana • 100% within Fraser Zone (18% of total area) • Project potential for − Nova style Nickel-Copper − Tropicana style Gold • Infrastructure access “Project poten
Slide 10: Fraser Zone Land Holders
FRASER ZONE LAND HOLDERS Four Main Players For personal use only • Legend - Active & Funded • Creasy Group - Active & Private • Independence (“IGO”) - Active & $2.2B MC Legend • MMG / Segue JV - Active Leverage play is Legend M&A by mid-tiers bring back life to area 10
Slide 11: Exploration Techniques – Regional EM
EXPLORATION TECHNIQUES – REGIONAL EM Areas Tested with innovative EM For personal use only (“MLTEM”) • 24 Areas tested to September 2017 • Areas selected from aeromag and gravity interpretation • 21 conductors identified • Demonstrated ability to “see” conductors to depths of 600m Area covered by ML
Slide 12: Exploration Techniques – Aircore Drilling
For personal use only EXPLORATION TECHNIQUES – AIRCORE DRILLING Data Obtained from Aircore Drilling • Depth of cover • Regolith profile • Top of fresh rock lithogeochemistry • Rock type identification • Petrology of selected samples “Establishing a lithogeochemical fingerprint” 12
Slide 13: RC/Diamond Drilling Results – Rockford Project
RC/DIAMOND DRILLING RESULTS Rockford Project For personal use only • Four diamond holes (2,652.1m) at Area N & D • Technical success at Area D − Right rocks (ultramafic) with anomalous nickel and copper − November 2017 aircore programme • Area N – Too high in system • Ten RC holes (2,266m) at Areas
Slide 14: Tenement Acquisition – Musgrave
For personal use only TENEMENT ACQUISITION - MUSGRAVE Two New Tenements Acquired Feb 2017 • Contiguous with project tenements • Good datasets with acquisition • Activities dovetail with existing programmes • Increase exposure to Western stratigraphy “On the lookout for regional opportunity” 14
Slide 15: Current/Future Programmes 2017-2018
CURRENT/FUTURE PROGRAMMES 2017-2018 For personal use only • November 2017 – 3000m aircore drilling programme targeting Area D and EM conductors • 2018 – Continued systematic approach MLTEM, FLTEM, LF EM • March to June 2018 – 3-5000m aircore • Follow up RC/DD testing 15
Slide 16: Summary
For personal use only SUMMARY • Highly Prospective Rockford Project − Two years on ground <10% area first pass EM tested • Systematic/persistant/committed = going the distance! • Recent M&A Activity • Well Funded • Experienced Stable Team and Partner • Grow Shareholder Value “Highly leveraged to suc
Slide 17: Thank You
For personal use only ASX:LEG THANK YOU