Announcement PDF FOCUSED ON Au-Cu DISCOVERY IN THE LACHLAN FOLD BELT RIU SYDNEY RESOURCES ROUND-UP MAY 2022 ASX: LGM 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 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 HARDEN GOLD MINE PROSPECT HN0013 at 194-195m ASX: LGM 15DEC21 Visible Gold Intercepted & Re-assays Upgrade Gold Results 2 WHY INVEST IN LEGACY MINERALS? ARTIFICAL INTILLIGENCE EXPLORATION ALLIANCE1 • Earth AI to spend up to $4.5M across battery and critical metals focused tenements Mulholland and Fontenoy GAME CHANGING DISCOVERY EXPOSURE • Bauloora – one of NSW’s largest epithermals, awaiting assays • Harden – high-grade gold intersections, awaiting assays • Rockley – previously overlooked porphyry district VALUE LEVERAGED TO EXPLORATION SUCCESS • 100% ownership of six significant projects • Strong news flow over coming months • Competitive market cap provides platform for growth PRIME POSTION WITH THE RIGHT EXPOSURE • High grade and shallow exploration targets • Low-cost opportunities to define additional targets 1 ASX LGM 2 May 2022: $4.5M Alliance with Artificial Intelligence Explorer Earth AI Signed 3 CORPORATE SNAPSHOT ASX:LGM CAPITAL STRUCTURE1 $0.155 Shares on Issues 75.2M Options on Issue ($0.3) 4.9M Market Capitalisation $12M Cash (at Mar-21) $3.6M Debt Nil Top 20 61.3% 29% 39% 32% IPO Shareholders Board and Management Other Shareholders 0.25 2500000 0.2 2000000 0.15 1500000 0.1 1000000 0.05 500000 0 Volume ASX Share Price Share Price $AUD DIRECTORS ISSUED CAPITAL 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) 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 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 and is a director with Allegiance Coal (AHQ) MANAGEMENT Christopher Byrne CEO & Managing Director Electrical 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 Exploration Manager & Executive Director Geologist with wide ranging exploration industry experience with senior roles at Peak Gold Mines and New South Resources. Demonstrated exploration and mining success across a variety of commodities and deposit styles 0 Volume Price 1 As of 2 May 2022 4 $4.5M Strategic Alliance to Explore Battery Metals1 Why Artificial Intelligence Who are Earth AI and what is artificial intelligence? • Demand vs supply – discovery rates are falling • AI will be a disrupters of traditional exploration models • Utilise artificial intelligence and machine learning to target, test, and verify discoveries Commodity Focus – Fontenoy and Mulholland • Targeting materials critical for the electric vehicle and renewable energy revolutions 27 • Based in San Francisco with drilling capability in Central NSW • Earth AI are backed by two of Australia's largest technology venture capital funds 29 50 79 Ni Cu Sn 58.693 63.546 118.711 PGE Au 196.697 Key Alliance Terms • Up to $4.5M to be spent by Earth AI over 2 years • Unlike a ‘classic JV’ – purely success based • Royalty only earnt on a significant drilling discovery made • up to 3% depending on co-funding option • LGM retain 100% ownership • Earth AI have the option to purchase either project for $1M USD and 2% royalty to LGM 1 ASX LGM 2 May 2022: $4.5M Alliance with Artificial Intelligence Explorer Earth AI Signed 5 Alliance Projects: Cu-Ni-Sn-Au Focused Mulholland Fontenoy Fontenoy • Large Copper and Gold System • Untested PGE potential • Multiple wide Au and Cu drill intercepts from surface 32km Mulholland • Emerging tin-copper and nickel district • Known skarns and untested anomalies Multiple opportunities for discoveries 8km 6 Prime Position In The Cobar Basin COBAR Au-Cu (Pb-Zn) • 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 What to look for in the next 6 months • • Geochemical programs Ground magnetics 7 ASX:LGM BAULOORA Au-Ag One of NSW’s largest low sulphidation epithermal systems WHY EPITHERMALS? – WORLD CLASS POTENTIAL Anomalous Gold Zone NSW’s Large Low-Sulphidation Epithermals • Bauloora Nth Bauloora Nth Cowal, Evolution Mining, ~15Moz1 o ‘Gold Zone’ defined by 7.5 x 2km of >0.1g/t Au • Bowdens, Silver Mines 275Moz Ag Eq (84% M+I Resource)4 o One of the worlds largest undeveloped silver deposits • Mineral Hill, Kingston Resources • Bauloora (Legacy Minerals) Mee Mar Veins Mt Felstead Bauloora – a preserved Epithermal • Bonanza Ag grades, high-grade Au and base metals • 27km2 zone of alteration and mineralisation • Anomalous gold zone: 4km by 2.5km of >0.5g/t Au 19.8g/t Au, 462g/t Ag, 6.28% Cu, 9.38% Pb+Zn Mt Felstead Mine • Target Rick: 5m wide veins with strike > 2km (up to 39g/t Au rock chip samples) Mt Felstead East 39.1g/t Au, 267g/t Ag Breccia Sinter • Sinter related lithology recognition Virtually Untested • Only 37 drill holes across 27km2, most before 1995 • One drill hole per 72 ha with 1 Evolution Mining, 2018 Annual Minerals Resources and Ore Reserves Statement 4 Silver Mines Ltd https://www.silvermines.com.au/projects/bowdens-silver-project/ 9 MT FELSTEAD MINE - BONANZA GRADES Outstanding Grades in Maiden Drill Campaign • • 9m at 9.9% Zn + Pb, 2.0g/t Au, 28.4g/t Ag, and 0.2% Cu from 145m, including: 2m at 29.3% Zn + Pb, 5.4g/t Au, 94.1g/t Ag, and 0.4% Cu from 148m Mt Felstead Mine Prospect Shallow orebody • • • Mineralised from surface Strike open to the nth., sth., and down dip Consistent high grades Tip of the Iceberg • Potential to represent top of a larger system – only covers a fraction of the Bauloora Gold Zone What to look for in the next 6 months • • Remaining drilling assays (May) Large scale sampling program 10 ASX:LGM HARDEN Au High-grade gold mines in one of the least explored gold districts in NSW LONG FORGOTTEN GOLDFIELD Significant Early Production and Scale High-grade drill intercepts 1, 2 • District has produced ~460,000 oz of gold1 with the two largest historical hard rock mines held within LGM’s tenements 3m at 10.8g/t Au from 20m incl. 1m at 19.2g/t Au (HP27/8) • • These two mines produced ~75,000 oz Au at 28.6g/t Au1 Interpreted cut-off grade between 12-15g/t Au1 operations ceased in 19131 6m at 3.65g/t Au from 128m incl. 3m at 6.41g/t Au (RC21HN011) • Multiple known mineralised faults with significant potential to define more • 5m at 7.06g/t Au from 110m incl. 2m at 17.17g/t Au (RC21HN005) • 3.6m at 21.7g/t Au from 116m incl. 2m at 37.9g/t Au (MR05) • • Harden Gold Mine Corridor 1 ASX: LGM 9 SEP Prospectus dated 28 July 2021 2 ASX: LGM DEC2021 Quarterly Activities Report 12 ASX:LGM ROCKLEY Cu - Au Prime position in a previously over-looked porphyry district in the Lachlan Fold Belt EMERGING PORPHYRY DISTRICT Rockley Gulgong Volcanics • The Bushranger Porphyry (LON:XTR) inferred Mineral Resource 71Mt at 0.44% Cu1 consider to have the potential to be a 1bt Project in the future1 • High-grade mineralised cap1 • Preserved close to surface • Drilling intercepts the porphyry from 11m with recent intercepts 920m @ 0.3% Cu from 110m inc. 156m @ 0.48% Cu2 Porphyry prospectivity recognition Assessment AI company Kenex the Geological Survey of NSW found the Legacy Minerals tenement to be the most prospective area for porphyry related Cu-Au within the entire Rockley-Gulgong Volcanics LGM All the right ingredients to host a Cu-Au porphyry • Right host rocks in the right district • • Macquarie Arc Ordovician host rocks Historic high grade gold and copper mines grading up 21% Cu 1 Xtract Shareholder presentation October 2021 https://www.youtube.com/watch?v=iWwCu3DnatU 2 Xtract Resources plc 19 March 2021 First Drill Assay Results from the Bushranger Copper-Gold Project 14 Growing copper-gold story ASX:LGM Overlooked and untested • District proven to host significant porphyry mineralisation • Limited of geochemistry sampling and geophysical surveys across the tenement • Scarcity of drilling across the tenement • • Only 22 RAB historical holes in south of the porphyry area of interest No holes deeper than 15m depth Pyrite vein within silica altered sandstone (Rockley Quartz Prospect) What to look for in the next 6 months • • Airborne magnetics and radiometrics (May) Large scale soil geochemistry program (June) Bucky quartz vein with azurite staining (Quartz Hill Prospect) 15 ASX:LGM PLANNED EXPLORATION PROGRAM Q3 Harden - RC Drill Campaign Q4 Harden – follow up DD Drill Campaign DRILLING Q3 Bauloora - RC Drill Campaign Q1 Bauloora - RC Drill Campaign Q2-Q3 Fontenoy Mulholland Earth AI Alliance initial data reviews Drilling Planned Meters (RC) Total ~16,000 Q4 Cobar - RC Drill Campaign Follow up drill campaigns 2021 TARGETING 2023 2022 Q3 Cobar Aerial Mag. and Rad. Q4 to Q1 Bauloora – Induced Polarisation Q3 Harden – Dipole-Dipole Q1-Q2 Cobar – Mag and Geochem Q2 Rockley – Aerial Mag/Rad Complete Q2 Bauloora, Rockley – Geochem Upcoming Drill Results ASX Progress Results (Till June) Anticipated Date Bauloora RC Drilling Assays Mid – End of May Harden Diamond Drilling Assays Mid – End of May In progress 16 INVESTMENT SUMMARY $4.5M artificial intelligence alliance CONTACT ASX:LGM Game changing discovery opportunities Focused on delivering shareholder value Depth of projects in a Tier 1 District Right metals exposure 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