Legend Mining Limited · ASX:LEG
Legend Mining — Investor Presentation (June 2018)
16 slides from Legend Mining's investor presentation, June 2018
Slide 1: Going the Distance in the Fraser Range
ASX:LEG Going the Distance in the Fraser Range Investor Presentation June 2018
Slide 2: Disclosure
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. Any forward looking
Slide 3: Contents
“Going the Distance in the Fraser Range” CONTENTS 1. Nickel Market Commentary 2. About Legend Investment Case Rockford Project Location Rockford Project Activities 3. Summary 3
Slide 4: Nickel Market Commentary – 2015–2018 Global Balance
NICKEL MARKET COMMENTARY – ABOUT NICKEL 2015 – 2018 Global Balance • Balance in deficit since 2016, predicted to continue • Stockpiles diminishing from peak 900Kt (2015)* • Price increase from US$3.80/lb to US$6.90/lb ($7.13 max 19/4/18) • China and USA stainless steel demand robust • Promising new
Slide 5: About Legend
ABOUT LEGEND ASX listed exploration company Market capitalisation ~$68M (2B shares @ 3.4cps) Cash and liquids ~$8.3M as at 31 March 2018 (includes $3M receivable from Jindal) Fraser Range – Rockford Project Chairman Managing Director Exec. Director - Technical Company Secretary 5 Michael Atk
Slide 6: Investment Case
INVESTMENT CASE Fundamentals • 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 (stockpiles diminishing – price rising) • Cashed up (several
Slide 7: Rockford Project Location
PROJECT LOCATION Rockford Project • 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 potential for Nova style Ni
Slide 8: Fraser Zone Land Holders
FRASER ZONE LAND HOLDERS Main Players Legend Active & Funded Creasy Group Active & Private Independence (“IGO”) Active & ~$3B MC Legend Galileo Mining New IPO – Creasy backed Leverage play is Legend M&A by mid-tiers bring back life to area 8
Slide 9: Rockford Project Update – Systematic Approach
ROCKFORD PROJECT UPDATE – SYSTEMATIC APPROACH Summary to Date • 25 Areas selected from aeromag and gravity • 21 conductors identified by innovative MLTEM • Drilling: 4 diamond holes for 2,652m 10 RC holes for 2,266m 222 aircore holes for 15,382m Area D • Exploration spend Sep 15 to Mar 18 - $8.2M (T
Slide 10: Area D – Right Location
AREA D – RIGHT LOCATION • Within the Fraser Zone Defined by 430km long gravity “trend” Mapped as mafic / ultramafic intrusives Analogies to Thompson Belt in Canada which contains clusters of orebodies Contains three gravity “Hot Spots” • Area D lies on NE margin of central HS • Nova lies on
Slide 11: Area D – Aircore Drilling
AREA D – AIRCORE DRILLING Area D – Drillholes on Aeromagnetics • Multiple aeromag targets within 16km x 5km feature • RC/DD Drilling – July 2016 Positive petrology • November 2017 first aircore programme – broad spaced • March 2018 – June 2018 8,000m programme ongoing • Ultimate aim to generate area
Slide 12: Area D – Right Geology
AREA D – RIGHT GEOLOGY • Thick blanket of nickel-copper-cobalt enrichment • All holes ended in mineralisation • All holes ended in gabbronorite (Nova Host Rock) • Sulphides in hole RKAC183 Pent Cpy Po 12
Slide 13: Area D – Right Lithology
AREA D – RIGHT LITHOLOGY • RKDD002 - Ultramafic with cumulate texture containing disseminated pyrrhotite and minor pentlandite-chalcopyrite • Sulphidic metasediments/granulite (sulphur source) • Aircore section - mineralised olivine rich gabbronorite (Nova host rock) Legend’s RKDD002 – Simplified Dr
Slide 14: Current/Future Programmes
CURRENT/FUTURE PROGRAMMES 2018 • March to June 2018 – 8,000m aircore programme • Continued systematic approach MLTEM, FLTEM, LF EM surveys • Follow up RC/DD testing 14
Slide 15: Summary
SUMMARY • Highly Prospective Rockford Project − Two years on ground <10% area first pass EM tested • Systematic/persistent/committed = going the distance! • Well Funded • Experienced Stable Team and Partner • Grow Shareholder Value “Highly leveraged to success” 15
Slide 16: Thank You
SIR Nov 2011 (Nova discovery July 2012) “Highly leveraged to success” 16 LEG May 2018 THANK YOU