Investor Presentation - Noosa Mining Unearthed Conference
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ASX: LGM
NOVEMBER 2021
NOOSA MINING UNEARTHED CONFERENCE
GOLD AND COPPER
EXPLORATION
www.legacyminerals.com.au
DISCLAIMER
ASX:LGM
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 or on behalf of Legacy Minerals.
Accordingly, these statements are subject to significant business, economic and competitive uncertainties and contingencies associated with the mining industry which may be beyond the control of Legacy Minerals which could cause actual
results or trends to differ materially, including but not limited to price and currency fluctuations, geotechnical factors, drilling and production results, development progress, operating results, reserve estimates, legislative, fiscal and regulatory
developments, economic and financial markets conditions in various countries, approvals and cost estimates, environmental risks, ability to meet funding requirements, share price volatility. Accordingly, there can be no assurance that such
statements and projections will be realised. Legacy Minerals makes no representations as to the accuracy or completeness of any such statement of projections or that any forecasts will be achieved.
Additionally, Legacy Minerals makes no representation or warranty, express or implied, in relation to, and no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by Legacy Minerals or by any of
their respective officers, directors, shareholders, partners, employees, or advisers as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or
derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In furnishing this presentation, Legacy Minerals
undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise.
Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in Legacy Minerals.
This presentation contains exploration results and historic exploration results as originally reported the Company’s Prospectus dated 28 July 2021 and released 9 September and subsequent ASX market announcements. The Company confirms
that it is not aware of any new information that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market
announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market
announcements.
The information in this presentation that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Thomas Wall, a Competent Person who is a Member of the Australian
Institute of Geoscientists. Mr Wall is the Technical Director is a full-time employee of Legacy Minerals Limited and a shareholder, who has sufficient experience that is relevant to the style of mineralisation and type of deposit under
consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Wall consents to the
inclusion in the report of the matters based on his information in the form and context in which it appears.
The release of these presentation materials has been authorised by the Board
Date of Release: 10 November 2021
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INVESTMENT HIGHLIGHTS
ASX:LGM
ACTIVELY DRILLING
•
Diamond drilling to commence 15th Nov at Harden
•
Maiden drilling at Harden returned high-grade gold assays – proven success
•
Planned drilling of 16,000m over 2 years
VALUE LEVERAGED TO EXPLORATION SUCCESS
•
$5.2M cash in hand
•
Five significant projects - 100% owned and unencumbered
•
Expected strong news flow over coming months
EXPLORATION POTENTIAL
•
Discovery Potential – multiple drill ready targets across numerous projects
•
Resource Potential - High grade and shallow exploration targets
JURISDICTION AND EXPOSURE
•
Prime position in the Lachlan Fold Belt
•
Diverse mineral system exposure: porphyry related Cu-Au, epithermal Au-Ag, and Cobar-type
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ASX:LGM
COPROATE SNAPSHOT
CAPITAL STRUCTURE
ISSUED CAPITAL
$0.180
Shares on Issues
75.2M
Options on Issue ($0.3)
4.9M
Market Capitalisation
~ $15M
Cash (at 30-Sep-21)
$5.2M
Nil
Share Price $AUD
Debt
29% 39%
32%
IPO Shareholders
Board and Management
Other Shareholders
0.25
2000
1800
1600
1400
1200
1000
800
600
400
200
0
0.2
0.15
0.1
0.05
0
Volume
Close
Volume (thousands)
ASX Share Price1
DIRECTORS
Dr David Carland
Non-Executive
Chairman
Investment banker with over 40 experience. Has held
senior positions at UBS, Bankers Trust, CRA (now Rio Tinto).
Was recently the Non-Executive Chair of Rex Minerals
(RXM) and is a director with Aguia Resources (AGR)
Christopher Byrne
CEO and Managing
Director
Engineer with diverse experience in the mining sector with
Anglo American across maintenance, operations, and
capital works. Proven record of delivering large and
complex mining and infrastructure projects in greenfield
and brownfield environments
Thomas Wall
Executive Director &
Exploration Manager
Geologist with wide ranging experience exploration
industry with senior roles at Peak Gold Mines and New
South Resources. Demonstrated exploration and mining
success across a variety of commodities and deposit styles
Douglas Menzies
Non-Executive
Director
Geologist with 28 years of widespread experience in the
porphyry gold‐copper districts of PNG and Australia,
epithermal gold‐silver projects in Australia, Indonesia, Fiji,
Laos, Chile. Doug has held senior positions at Rio Tinto,
Wafi‐Golpu, and is a director at Godolphin Resources (GRL)
Matthew Wall
Non-Executive
Director
Commercial specialist with over 35 years of experience in
metals and mining across sales, marketing, logistics,
trading, and risk management. Matt has held senior
management roles with Rio Tinto, EDF Trading and Wood
Mackenzie
1 As of 9 November 2021
4
ASX:LGM
PORTFOLIO
Harden Project Au – Quartz vein gold
• Long forgotten, high-grade gold mines
• 1.4km strike of mines open along strike and down plunge
Bauloora Project Au-Ag – Low Sulphidation
• Bonanza Ag grades and high-grade Au and base metals
• One of the largest low sulphidation systems in NSW
Cobar Project Au-Cu (Pb-Zn) – Cobar Type
• Undrilled targets surrounded by operating Au and Cu mines
• Untested geophysical and geochemical anomalism
Fontenoy Project Au-Cu – VHMS
• 8km long zone of Au and Cu anomalism defined in soils and drilling
• 79m at 0.27% Cu from 1.5m, 22m at 0.67g/t Au from 20m1
Rockley Cu-Au – Porphyry related Cu-Au
• Ordovician Macquarie Arc host rocks with undrilled porphyry potential
LGM’s Tenements
Total Tenure
Area Km2
864
• Historical high-grade copper mines, rock chips up to 4.26% Cu and 90g/t Ag1
1 ASX: LGM 9 SEP Prospectus dated 28 July 2021
5
Successful Maiden RC Campaign
• High-grade intercepts across multiple holes
• Follow up diamond drilling planned to
commence 15th Nov at Harden
Project Highlights
HARDEN
Au
•
Multiple mineralised faults with significant
strike length
•
Contains the two largest historical hard rock
mines in a district that has producedVisible
460,000Gold
oz
1
of gold
•
These two mines produced 75,000 oz Au at
28.6g/t Au1
•
•
Production grades of up to 50g/t Au
Mineralised from surface - open along strike and
down plunge
1 ASX: LGM 9 SEP Prospectus dated 28 July 2021
6
HARDEN PROJECT
ASX:LGM
HIGH-GRADE DRILL INTERCEPTS
Maiden RC Drilling1:
•
2m at 19.1g/t Au within 5m at 7.8g/t Au from 111m
•
3m at 5.1g/t Au from 80m
•
1m at 7.6/t Au from 128m
Historic intercpets2:
•
3.6m at 21.7g/t Au from 116m incl. 2m at 37.9g/t Au
•
3m at 10.8g/t Au from 20m incl. 1m at 19.2g/t Au
SIGNIFCANT STRIKE LENGTH
•
Historical workings mapped for 1.4km
1 ASX: LGM 3 NOV Assays Returned for Maiden Drill Campaign at Harden 2 ASX: LGM 9 SEP Prospectus dated 28 July 2021
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HARDEN PROSPECT
ASX:LGM
Parallel Gold Veining
•
•
•
Broad gold zones intercepted – 9m at 0.6g/t Au from 120m
Parallel high grade gold veining identified
Highlights growth potential of the system
High-grade gold
•
High-grade gold mineralisation in country rock surrounding
historically stoped ground
Open along strike and down plunge
•
•
November 15 Diamond Drilling (planned)1
Testing down plunge beneath workings under the main
stoped ground
1 ASX: LGM 20 SEP Diamond Drill Rig Secured for Immediate Follow-up Drilling
8
Project Highlights
ASX:LGM
• Bonanza Ag grades and high-grade Au and base metals
• One of the largest low sulphidation systems in NSW – 27km2 of alteration and mineralisation
• Drilling planned to commence January 2022
A
BAULOORA
Au-Ag
A
D: 15.1g/t Au
E
C
B
B: 19.8g/t Au, 462g/t Ag
C
D
E: 39.1g/t Au 267g/t Ag
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BAULOORA
ASX:LGM
Target rich project
1. Bauloora Mine prospect
•
Open along strike and down plunge
2. Mee Mar prospect
•
up to 5m wide and strike > 2km
•
39g/t Au rock chip samples1
3. Gravel Scrapes prospect
•
8g/t Au rock chip samples1
4. Panorama Prosect
Bauloora Mine propsect
•
Historic high-grade mines with ore widths
up to 3.5m1
•
3701g/t Ag, 6.9g/t Au, 29% Pb, 26% Zn,
6.4% Cu (face sample at Bauloora Mine) 1
1 ASX: LGM 9 SEP Prospectus dated 28 July 2021
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COBAR
Au-Cu
(Pb-Zn)
Project Highlights
• Undrilled targets surrounded by
operating and historical Au and Cu mines
• Proximity to infrastructure and skilled
mining workforce
• World class jurisdiction seeing continued
exploration success
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COBAR
ASX:LGM
Untested Potential
•
•
•
Undrilled geophysical anomalies
• Late time AEM conductors, IP, and magnetic targets
Geochemically anomalous
• Gold in lag up to 1.5g/t Au & 0.43g/t Au1
Detail mag results expected December 2021
• >1,000km of co-operative government aerial magnetics and
radiometrics flown
Workings
(Yarrawonga
Anomaly)
1 ASX: LGM 9 SEP Prospectus dated 28 July 2021
12
ASX:LGM
COBAR
Aurelia Metals (ASX: AMI) Peak Gold Mines ~10Mt at 7g/t Au
All the right ingredients
2.5km
A
Structural complexity
Geochemical
anomalism
B
Geophysical
anomalism
Neighbouring world class
deposits
Proximity to infrastructure
and skilled mining
workforce
LEGACY
MINERALS
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FONTENOY Au-Cu
ROCKLEY Cu-Au
PIPELINE
OF POTENTIAL
COMPANY
MAKERS
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ASX:LGM
INDICATIVE TIMELINE AND DRILL METERS
Q3 - 21
Harden - RC
Drill Campaign
Q4 -21
Harden – follow up DD
Drill Campaign
DRILLING
Q2-22 - Q3 -22
Cobar - RC
Drill Campaign
Q1 - 22
Bauloora - RC
Drill Campaign
Q2 - 22
Fontenoy - RC
Drill Campaign
Q4 -22
Rockley - RC
Drill Campaign
Follow up drill campaigns
2021
TARGETING
2022
Q3 - 21
Cobar Aerial Mag.
and Rad.
Q4 -21 to Q1 -22
Bauloora –
Induced
Polarisation
Q1 -22
Cobar –
IP and Geochem
Q2 - 22
Rockley –
IP and gravity
Q3 - 21
Harden –
Dipole-Dipole
Q4 - 21
Rockley Geochem
2023
Q1 -22
Rockley –
Detailed Mag
Drilling
Planned Meters (RC)
Total
~16,000
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PRIMED FOR DISCOVERY
CONTACT
ASX:LGM
DIAMOND DRILLING COMMENCING
PIPELINE OF HIGH IMPACT WORK
MULTIPLE DISCOVERY OPPORTUNITIES
VALUE LEVERAGED TO SUCCESS
Chris Byrne
CEO and Managing Director
chris.byrne@legacyminerals.com.au
+61 (0) 499 527 547
Victoria Humphries
Media & Investor Relations
victoria@nwrcommunications.com.au
+61 (0) 431 151 676
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