Announcement PDF ASX ANNOUNCEMENT 28 March 2024 Clarification Announcement Transformational Acquisition of the Mt Carrington (Drake) Project New vision and control of major gold and copper district in northern NSW Legacy Minerals Holdings Limited (ASX: LGM, “Legacy Minerals” or the “Company”) refers to its announcement released on 21 March 2024 titled “Transformational Acquisition - Mt Carrington CuAu Project” Legacy Minerals wishes to clarify the resource contained in the release with the provision of a Mineral Resource Table in and Appendix 1. Changes made are: • • Reporting a Minerals Resource Table (refer Appendix 1 – Drake Project Mineral Resource) on page 10; and Update to ENDNOTES on page 17. Approved by the Board of Legacy Minerals Holdings Limited. Chris Byrne CEO & Managing Director chris.byrne@legacyminerals.com.au +61 (0) 499 527 547 Page 1 of 18 | ABN 43 650 398 897 3/202 Russel Street Bathurst, 2795 www.legacyminerals.com.au ASX: LGM ASX ANNOUNCEMENT 21 March 2024 Transformational Acquisition of the Mt Carrington (Drake) Project New vision and control of major gold and copper district in northern NSW Legacy Minerals Holdings Limited (ASX: LGM, “Legacy Minerals” or the “Company”) is pleased to advise that it has finalised 100% of the Mt Carrington Exploration Licence (EL6273) for $190,000 from White Rock Resources (MTC) Pty Ltd (“WRM”, or the “Administrator”). Drake Gold-Copper Project In addition to EL6273, the Company has been granted Exploration License EL9616. An Exploration Licence Application, ELA6642, has also been lodged over all the WRM Mining Leases (ML’s). In July 2023 i, WRM lodged applications with the NSW Government for the surrender of all MLs at Mt Carrington. Upon the completion of the ML relinquishment, the rights to the Mineral Resources will be held by Legacy Minerals through the granting of the ELA. Significant existing resource (see Appendix 1) coupled with record high gold prices Across the two ELs, and once the ELA is granted, the Project will contain a: • combined Resource of 356,000 oz Au and 23.315 million oz Ag ii,iii which • equates to an acquisition cost of $0.53 per oz of gold (including 65.5 oz of silver). Historic Gold-Copper Drill Results for follow up across the ELs, and ELA iv Extensive, shallow Au, Cu and Ag results across the Project demonstrates the discovery potential: • RED003: 8m at 16.92g/t Au, 17g/t Ag, 0.53% Cu, 1.45% Pb and 6.89% Zn, from 52m v • KYDD003: 118m at 1.71g/t Au, 6.9g/t Ag, 0.1%Cu and 1.12% Zn from 2m vi • KYDD001: 16m at 5.8% Cu from 58m and 10.1m at 7.26% Cu from 88m vii • MODD004: 26.5m at 220g/t Ag and 0.1g/t Au from 133.3m viii ‘Legacy’ Project with new vision • Unencumbered by any mining liabilities, LGM is changing the approach taken by previous companies from near term mine development to exploration targeting a Tier-One deposit. Management comment - Legacy Minerals CEO & Managing Director, Christopher Byrne said: “The Legacy Minerals’ team is extremely pleased to add this highly valued asset to our gold and copper portfolio. The newly established Drake Project contains a combined Mineral Resource Estimate of 356koz Au and 23Moz Ag across two-Exploration Licenses and Licence Application in a district that has had a strong mining history for over 100 years. The gold-silver and copper potential is proven in drilling with significant historical grades in grading up to 70.4g/t Au, 1,778g/t Ag, 7.26% Cu, and 19.5% Zn across multiple prospects. The Drake Project covers over 350km2 of highly prospective ground and is interpreted to be analogous in both mineralisation character and geological setting to the world class, 20Moz Au Porgera Gold Fieldix. With gold and silver at near record highs in 2024, and strong demand for copper, we are pleased to have secured for our shareholders significant leverage to the potential value at Drake. More broadly, the Company is in a strong position with potential discovery successes across multiple upcoming drilling campaigns in 2024 on our own projects and through our partnerships with Newmont, S2 Resources, and Earth AI.” 1 See ‘Endnotes’ on Page 17 for references. Page 2 of 18 | ABN 43 650 398 897 3/202 Russel Street Bathurst, 2795 www.legacyminerals.com.au ASX: LGM Page 3 of 18 Figure 1. Examples of epithermal vein textures from drill holes KYDD003 at 65.5m, WRDD012 at 120m and 146.5m and interpreted porphyry D-vein in KYDD001 at 52.5m (see ‘Project Highlight Drilling Intercepts’ for assays)vi,iv, x Summary of the Drake Project (EL6273, EL9616 and ELA6642) Geology The Drake project sits within the highly prospective New England Fold Belt (NEFB) and is one of a number of epithermal gold, silver, and base metal districts that formed along the east coast of Australia during the Permian age as back arc extensional volcanic basins. A number of major mines and deposits occur within the NEFB including the Cracow gold mine (2.5Moz Au @ 4.97g/t) xi, Mt Carlton gold mine (1.2Moz Au, 12Moz Ag) xii, Mt Rawdon gold mine (2.5Moz Au xiii), and Mt Morgan (8Moz Auxiv). The Drake deposits are hosted by the Drake Volcanics; a NW-trending 60 km x 10 km Permian bimodal volcano-sedimentary sequence within the Wandsworth Volcanic Group near the northeastern margins of the southern New England Fold Belt. The Drake Volcanics overlies or is structurally bounded by the Carboniferous Early Permian sedimentary Emu Creek Formation to the east and bounded by the Demon Fault and Early Triassic Stanthorpe Monzogranite pluton to the west. The sequence is largely dominated by andesite and equivalent volcaniclastics, however basaltic through to rhyolitic facies stratigraphic sequences are present, with numerous contemporaneous andesite to rhyolite subvolcanic units intruding the sequence. The Razorback Creek Mudstone underlies the Drake Volcanics to the east, and Gilgurry Mudstone conformably overlies the Drake Volcanic sequence. In addition, Permian and Triassic granitoid plutons and associated igneous bodies intrude the area, several associated with small scale intrusion-related mineralisation xv. The Drake Volcanic sequence and associated intrusive rocks are host and interpreted source to the volcanogenic epithermal Au-Ag-Cu-Pb-Zn mineralisation developed at Mt Carrington. The majority of the Drake Volcanics and associated mineralisation are centred within a large-scale circular caldera with a low magnetic signature which is 20km diameter. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 4 of 18 Figure 2: Endowment of the New England Fold Belt with major mines and the location of the Drake Projectxi,xiii,xiv , xvi,xvii The Strauss and Kylo deposits are low sulphidation epithermal vein type mineralisation that manifests as a zone of stockwork fissure veins and vein breccia associated with extensive phyllic (sericite, carbonate and silica) to silicic alteration. Veining is localised along the margins of an andesite dome/plug and lava flow within a sequence of andesitic volcaniclastics (tuffaceous sandstone and lapilli tuff). From an economic perspective, mineralisation is Au-dominant with lesser silver and significant level of Zn, Cu and Pbxv. Previous exploration is limited to regional geophysics and surface geochemical sampling including stream sediment sampling, rock chip sampling, soil sampling and drill testing. The Project is centred on a poorly understood but regionally important, low-sulphidation, epithermal, gold, silver, zinc and copper mineralised system. At Mt Carrington, All Nations and Gladstone there are generally thicker lodes which display the quartzsulphide mineralogy typical of D veins (in the classification of Gustafson and Hunt, 1975). They include complex banded and brecciated sulphide and appear to have formed well away from potential individual source high level domes. Many are clearly localised within structures and display characteristic sericite wall rock alteration selvages and so are likened to D veins which are used as vectors to porphyry copper-gold exploration targets. Three corridors of D veins are considered as possible vectors towards porphyry copper-gold source rocks; the All Nations trend, Adeline trend and the Mt Carrington trend. The Porgera Goldfield provides a good analogy to Drake in that Au-Ag associated with galena-sphalerite forms marginal to felsic-intermediate domes, although in different host rocks. Many recent discoveries feature settings where veins occur only in competent host rocks which have fractured well, but are obscured by overlying incompetent host rocks (El Penon, Chile; Palmarejo, Mexico; Hishikari, Japan). Major structures which might be considered include the NS corridor at Red Rock North and another NS major break in the gravity data at the southern caldera margin xviii. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 5 of 18 Figure 3. Drake Project Exploration Licence (EL6273 and EL9616) and Exploration Licence Application (ELA6642) with major prospects highlighted over the Permian Drake Volcanics. Existing Mineral Resources The Drake Project contains a Mineral Resources Estimate on the Exploration Licence EL6273 and under Exploration Licence Application ELA6642. EL6273 contains the White Rock North Mineral Resource Estimate (JORC 2004) of 5.314 million oz Agiii. Exploration Licence Application ELA6642 contains a JORC 2012 Mineral Resource estimatexv of 225k oz Au, 306k oz Ag, 19.8 kt, Zn and 3.5kt Cu in the Indicated and Inferred categories as well as a Total JORC 2004 Mineral Resource estimate of 131k oz Au and 18.01 million oz silveriii. The combined total Mineral Resource Estimate (JORC 2004 and JORC 2012) xv, iii is 356k oz Au, 23.315 million oz Ag, 19.8 kt, Zn and 3.5kt Cu in the Indicated and Inferred categories. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 6 of 18 The historical resource estimates for copper and zinc were calculated under constraint of the pit shells as previously defined by previous companies looking at a gold only production focus. The resource estimates therefore do not include nearby polymetallic mineralisation that sit outside of those pit shells xv,. In 2022 a positive updated Mt Carrington Pre-Feasibility study (U-PFS) was completed based on a “Gold First Strategy” with a gold Probable Reserve (JORC 2012) using a conventional crush/grind and CIL processing circuit. For full details of the U-PFS, including Probable Reserve, see White Rock’s ASX Release dated 19 August 2020. The U-PFS did not include additional JORC 2004 defined resources in the Red Rock and Guy Bell gold dominant deposits nor in the silver dominant Lady Hampton, White Rock , White Rock North and Silver King deposits. Mining and Resource Definition History Gold was first discovered in the district in 1853. Most deposits in the area were discovered and developed between 1886 and 1888, with production declining at the turn of the century. Historic production was approximately 62,000 ounces of gold and 0.5 million ounces of silver xix,xx. Modern, small scale open pit mining was undertaken by Mt Carrington Mines between 1974 to 1990, focusing on the gold-silver oxide ore from the Strauss, Kylo, Guy Bell and Lady Hampden deposits. Twentieth century production is recorded as approximately 28,000 ounces of gold and one million ounces of silverxix,xx. In 2008 Rex Minerals Ltd (ASX:RXM) (“RXM”) announced a JORC 2004 gold – silver MRE’s for Straus, Kylo, Guy Bell, Lady Hampden, Silver King, and White Rock deposits based on historic data and a series of validation diamond drill holes completed by RXM. In 2012 xxi and 2013 xxii, xxiii WRM, which was spun out of RXM, announced upgraded JORC 2004 gold – silver MRE’s for Straus, Kylo, Lady Hampden, Silver King and White Rock deposits, plus maiden MRE’s for White Rock North and Red Rock deposits, all based on historic data and a series of diamond drill holes completed by WRM. In 2017 xxiv and 2020 xxv WRM announced updated Kylo and Strauss gold focused MRE’s under the 2012 JORC Code. The 2012 JORC Code gold-silver MRE update culminated in a Prefeasibility Study (“PFS”) and an updated PFS focused on developing a modest size CIL gold only operation for the Kylo and Strauss depositsxxiv,xxv,xxvi with a plan to later evaluate the potential development of the Mt Carrington silver resourcesvii. In 2022 Thomson Resources Ltd (TMZ) announced a JORC 2012 polymetallic MRE for the Straus and Kylo deposits which included zinc and copper along with gold and silver. The MRE was considered conservative by TMZ as the estimate was reported inside constraining pit shells previously defined by WRM for gold only with no allowance for the polymetallic mineralisation outside of those pit shells vii. Project Highlight Drilling Intercepts Gladstone Prospectvii • • • KYDD001: 18.65m at 5.8% Cu, 0.74% Zn, 0.1g/t Au from 52.35m, and 10.1m at 7.26% Cu, 2.58% Zn and 0.12g/t Au from 88m KYDD0016: 25m at 1.26% Cu from 12m Kylo Prospect • • KYDD003: 118m at 1.71g/t Au, 6.9g/t Ag, 0.1%Cu and 1.12% Zn from 2mvi KYDD006: 65m at 1.5g/t Au, 1.9g/t Ag, and 0.62% Zn from 12mvi SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 7 of 18 Strauss Prospect • • SRDD014: 61.53m at 2.7g/t Au, 3.0g/t Ag and 1.0% Zn from 46.47m xxvii, including o 3.56m at 14g/t Au, 13g/t Ag and 5.2% Zn from 46.47m, including o 0.6m at 70.4g/t Au, 53g/t Ag, 1.2% Cu, and 19.5% Zn from 49.44m, and o 5m at 8.7g/t Au, 3.0g/t Ag and 0.9% Zn from 66m SRDD005: 22m at 2.2g/t Au from 100m xxviii, including, o 1m at 17.8g/t Au from 108m Guy Bell Prospect • GBDD001: 4m at 10.76g/t Au, 48.4g/t Ag, 0.4%Cu and 0.55% Zn from 19mvi White Rock North Prospect • • WRDD005: 81m at 82g/t Ag from 40mvi o 17.8m at 0.07g/t Au, 221.5g/t Ag and 0.27% Zn from 85.2mvi WRDD012: 60.65m at 107g/t Ag from 105.85mx White Rock Prospect • WRDD001: 84m at 57.7g/t Ag, 0.03g/t Au, 0.01% Cu and 0.33% Zn from 70mvi Mozart Prospect • • MODD004: 26.5m at 220g/t Ag and 0.1g/t Au from 133.3m, including, o 12.7m at 381g/t Ag from 133.3m and, o 0.25m at 1778g/t Ag and 1.2g/t Au from 157.6mviii MODD002: 33m at 97g/t Ag from 154.5mviii, including, o 10m at 248g/t Ag from 159m. Red Rock Prospect • • • RRDD003: 47.3m at 1.3g/t Au, 2g/t Ag and 0.6%zn from surfaceviii. RRDD019: 16m at 2.1g/t Au, 5g/t Ag, 0.1% Cu, 0.4% Pb and 1.5% Zn from 49m, including, o 4m at 6.9g/t Au, 11g/t Ag, 0.1% Cu, 1.0% Pb and 1.8% Zn from 59m xxix RED003: 8m at 16.92g/t Au, 17g/t Ag, 0.53% Cu, 1.45% Pb and 6.89% Zn, from 52mv Lady Hampden Prospect • LHDD005: 58m at 1.6g/t Au and 83g/t Ag, including, o 4m at 5.1g/t Au and 358g/t Ag from 109 xxx Next Steps The Company is currently compiling and interpreting historical data including historical assays and geophysical surveys. The result of this work will determine the next steps which may include reconnaissance field work, tenement wide geophysics, and diamond drilling. The Company will focus its on-ground exploration activities in the near term at Black Range. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 8 of 18 Approved by the Board of Legacy Minerals Holdings Limited. For more information: Investors: Chris Byrne CEO & Managing Director chris.byrne@legacyminerals.com.au +61 (0) 499 527 547 Media: Nicholas Read / Kate Bell Read Corporate info@readcorporate.com.au + 61 (0) 419 929 046 DISCLAIMER AND PREVIOUSLY REPORTED INFORMATION Information in this announcement is extracted from reports lodged as market announcements referred to above and available on the Company’s website https://legacyminerals.com.au/. The Company confirms that it is not aware of any new information that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. This announcement contains certain forward-looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside of the control of Legacy Minerals Holdings Limited (LGM). These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay, approvals and cost estimates. Actual values, results or events may be materially different to those contained in this announcement. Given these uncertainties, readers are cautioned not to place reliance on forward-looking statements. Any forward-looking statements in this announcement reflect the views of LGM only at the date of this announcement. Subject to any continuing obligations under applicable laws and ASX Listing Rules, LGM does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement to reflect changes in events, conditions or circumstances on which any forward-looking statements is based. COMPETENT PERSON’S STATEMENT The information in this Report 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 and a full-time employee of Legacy Minerals Pty Limited, the Company’s wholly-owned subsidiary, and a shareholder of the Company. Mr Wall 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 of the matters based on his information in the form and context in which it appears in this announcement. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 9 of 18 About Legacy Minerals Legacy Minerals is an ASX listed public company that has been involved in the acquisition and exploration of gold, copper, and base-metal projects in NSW since 2017. The Company has eight projects that present significant discovery opportunities for shareholders. Au-Ag Black Range (EL9466, EL9589) Extensive low-sulphidation, epithermal system with limited historical exploration. Epithermal occurrences across 30km of strike. Cu-Au Drake (EL6273, EL9616, ELA6642) Large caldera (~150km2) with similar geological characteristics to other major pacific rim lowsulphidation deposits. Cu-Au Rockley (EL8926) Au-Cu (Pb-Zn) Cobar (EL9511) Prospective for porphyry Cu-Au and situated in the Macquarie Arc Ordovician host rocks with historic high-grade copper mines that graded up to 23% Cu. Undrilled targets next door to the Peak Gold Mines. Several priority geophysical anomalies and gold in lag up to 1.55g/t Au. Au-Ag Bauloora (EL8994, EL9464) Newmont JV One of NSW’s largest low-sulphidation, epithermal systems with a 27km2 epithermal vein field. Cu-Au Glenlogan (EL9614) S2 Resources JV Large, undrilled magnetic anomaly underneath Silurian cover located 55kms from Cadia Valley. Au Harden (EL9257, ELA6694) Large historical high-grade quartz-vein gold mineralisation. Drilling includes 3.6m at 21.7g/t Au 116m and 2m at 17.17g/t Au from 111m. Au-Cu Fontenoy (EL8995) Earth AI Alliance An 8km long zone of Au and Cu anomalism defined in soil sampling and drilling. Significant drill intercepts include 79m at 0.27% Cu from 1.5m. Figure 6: Location of Legacy Minerals Projects in NSW, Australia xxxi, xxxii, xxxiii, xxxiv SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 10 of 18 Appendix 1 – Drake Project Mineral Resource Mineral Resource Estimate as at 26 March 2024ii,iii Deposit Strauss Kylo Resource Classification Indicated (JORC 2012) Inferred (JORC 2012) Indicated (JORC 2012) Inferred (JORC 2012) Sub-Total Red Rock Guy Bell Inferred (JORC 2004) Inferred (JORC 2004) Sub-Total Lady Hampden White Rock White Rock North Silver King Indicated (JORC 2004) Inferred (JORC 2004) Indicated (JORC 2004) Inferred (JORC 2004) Inferred (JORC 2004) Inferred (JORC 2004) Grade Metal Tonnes (Mt) Au (g/t) Ag (g/t) Zn (%) Cu (%) Au (koz) Ag (koz) Zn (kt) Cu (kt) 2.2 1.48 1.74 0.49 0.08 105 123 10.7 1.7 1.36 0.69 1.81 0.33 0.06 30 79 4.4 0.9 2.14 1.25 1.35 0.19 0.04 86 93 4.1 0.8 0.3 0.41 1.17 0.18 0.05 4 11 0.5 0.1 6 1.17 1.59 0.33 0.06 225 306 19.8 3.5 1.63 1.6 2.2 54 182 0.16 2.5 4.9 13 24 1.79 1.2 3.6 67 206 1.84 0.6 69 37 4056 2.47 0.3 51 27 4023 1.71 77 4214 2.66 47 3978 3.18 52 5314 0.64 59 1218 Sub-Total 8.95 Total (JORC 2012 + JORC 2004) 16.74 0.1 51 64 22803 356 23315 The Strauss and Kylo Mineral Resources have been estimated using a gold cut-off of 0.3g/t Au and 25g/t Ag, 0.1% Cu, 0.1% Pb, and 0.1% Zn xxxv. The Guy Bell Mineral Resource has been estimated using a cut-off of 0.5g/t Au and Red Rock has been estimated using a 0.7g/t Au cut-off. Silver dominant Mineral Resources (Lady Hampden, White Rock, White Rock North, and Silver King) have been estimated using a cut-off of 25g/t Ag. The Red Rock, Guy Bell, Lady Hampden, White Rock, White Rock North, and Silver King Mineral Resources was prepared and reported in accordance with the JORC Code (2004). The Resources figures have not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reportediii. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 11 of 18 Appendix 2 – JORC Code, 2021 Edition Table 1 Section 1 Sampling Techniques and Data Criteria Sampling Techniques Drilling techniques Drill sample recovery Logging JORC Code Explanation Commentary Nature and quality of sampling (e.g., cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. All results are historical in nature. No sampling by LGM has been conducted on the tenement. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. All results are historical in nature. No sampling by LGM has been conducted on the tenement. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g., submarine nodules) may warrant disclosure of detailed information. All results are historical in nature. No sampling by LGM has been conducted on the tenement. Drill type (e.g., core, reverse circulation, open‐hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diametre, triple or standard tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, by what method, etc). No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Method of recording and assessing core and chip sample recoveries and results assessed. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Measures taken to maximise sample recovery and ensure representative nature of the samples. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 12 of 18 Sub‐sampling techniques and sample preparation Mineral Resource estimation, mining studies and metallurgical studies. verification and validation of these data sets is ongoing. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. The total length and percentage of the relevant intersections logged. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. If core, whether cut or sawn and whether quarter, half or all core taken. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. If non‐core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. For all sample types, the nature, quality and appropriateness of the sample preparation technique. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Quality control procedures adopted for all subsampling stages to maximise representivity of samples. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second‐half sampling. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Whether sample sizes are appropriate to the grain size of the material being sampled. The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Quality of assay data and laboratory tests For geophysical tools, spectrometres, handheld XRF instruments, etc, the parametres used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. No geophysical surveying by LGM has been conducted on the tenements. Historical geophysical surveys have been conducted across the project area, the verification and validation of these data sets is ongoing. All results are historical in nature. No sampling by LGM has been conducted on the tenement. SIGN UP TO LEGACY MINERALS’ INTERACTIVE INVESTOR HUB ASX: LGM Page 13 of 18 lack of bias) and precision have been established. The verification of significant intersections by either independent or alternative company personnel. Verification of sampling and assaying The use of twinned holes. No drilling by LGM has been conducted on the tenements. Historical drilling (AC, RC & Diamond) has been conducted across the project area, the verification and validation of these data sets is ongoing. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. All available raw data is publicly available data and copies are kept by Legacy Minerals Holdings Ltd. Discuss any adjustment to assay data. Accuracy and quality of surveys used to locate drill holes (collar and down‐hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Location of data points All results are historical in nature. No sampling by LGM has been conducted on the tenement. All results are historical in nature. No sampling by LGM has been conducted on the tenement. All results are historical in nature. No sampling by LGM has been conducted on the