Presentation Gold Coast Gold 2026 Conference
Released
Released
Announcement PDF
Gold, Silver, and Copper in NSW, Australia
Chris Byrne, CEO & Managing Director
Discovery
and Development
25 March 2026
Gold Coast Gold
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 2021 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 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 information in this announcement that relates to the Mineral Resource Estimate and classification of the Drake Project is based on information compiled by Kate Kitchen, who is a Member of the
Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Kate Kitchen is an independent consultant employed full time by Mining Plus Pty Ltd. Kate
Kitchen has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking 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 (‘the JORC code’). Kate Kitchen consents to the inclusion in the report of
the matters based on the information in the form and context in which it appears.
The release of these presentation materials has been authorised by the Board.
Disclaimer 2
ASX: LGM
Company Overview1
Shares
200M
Options
37M (with 25.5M at $0.30
exp Jan 27)
Share Price
Board
Dr David Carland
Non-Executive
Chairman
Douglas Menzies
Non-Executive
Director
Matthew Wall
Non-Executive
Director
Christopher Byrne
CEO and
Managing Director
Thomas Wall
Exploration Manager
and Executive Director
Debt
Nil
Market Cap $0.145
3
1 At 24 Mar 2026
$29M
Dr John Greenfield
Chief Technical Advisor
Enterprise Value $19M
Cash $10M (30 Jan)
Management Team
Deal flow providing non-dilutive exposure
8 deals since 2023 with companies including
Newmont, EarthAi, Rio Tinto, S2 Resources
ASX: LGM
Why invest in Legacy Minerals and the junior space?
The case exposure in gold and silver explorers and pre-development companies
4
1. Gold and silver prices are not being factored into junior company valuations
2. Valuation case strengthens for companies that have proven resources and studies complete, and have
moved beyond exploration risk and speculation
3. Companies with a strong cash balance have more resilience
Investing in a deeply
discounted market
(Lion Selection)1
Note: references on this slide are in the Appendix – Endnotes on Slides 21
ASX: LGM
Dual track approach - Discovery and Development
Strategy to deliver shareholder value
5
1. Discovery
Focused discovery to expand Mt Carrington
resource providing ongoing, share price catalysts
2. Development
Development of the Mt Carrington through study
work, permitting.
3. Strategy Implementation
• Team with experience in the discovery
and development
• Corporate connections demonstrate
through transactions withing the last
three years (Newmont, Rio Tinto, S2R)
• Supportive shareholders
• Strong balance sheet
• Backed by the geology that is known to
host world class deposits
Discovery
Development
Note: references on this slide are in the Appendix – Endnotes on Slides 21
47
Ag
79
Au
29
Cu
Mt Carrington
Large, 115Moz AgEq Open Pit Silver-Gold Mineral Resource1
ASX: LGM
Discovery and Development
District-scale discovery opportunity with advanced development opportunity
7
Resource
115Moz AgEq1 2025 JORC Mineral Resource Estimate
Discovery opportunity
Epithermal system with multi-million-ounce potential – analogy with Kainantu-
style gold-copper system (>18Moz AuEq)2
Infrastructure advantage
Estimated ~$50m of existing infrastructure
Significant high-grade intersects
12.82m at 48g/t Au and 2,589g/t Ag from 12m3
18.9m at 5.8% Cu from 58m and 10.1m at 7.26% Cu from 88m3
Near-term catalysts0
2026 Scoping Study, ongoing drilling including high-grade targets
Multiple value-creation opportunities through
resource growth, development and discovery.
Note: references on this slide are in the Appendix – Endnotes on Slides 21, Refer to Slide 22 for Mineral Resources
ASX: LGM
Project and Company History 8
Mt Carrington Project Ownership History
Gold Price ($USD/oz) and Key Historical Project Events
MTC Mines
places project
on C&M (1991)
US$350
CRA focus on
exploration
potential
Maiden Au-Ag Resource
0.2Moz AuEq
Small scale Au,
Ag, Cu mining
1853 - 1960 1989-1993 1994-2007
Drake
Resources
2008-2010
MTC
Mines
Rex
Minerals
White Rock
Minerals
2010-2020 2021-2023
WRM & Thomson
Resources JV
2023/2024 -
onwards
Legacy Minerals
~$3.5M spent
~$20M spent
~$5M spent
~$30M in infrastructure built
$6,000
$5,000
$4,000
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
2005
1999 2007
2003
2001
1991 1993 1995 1997 2015 20117 2019 2021 2023 2025
2009 2011 2013
LGM option to acquire and peg
EL’s and ALA
New 2025 LGM JORC 2012 MRE
452% growth since 2003 (1.2Moz AuEq)1L
LGM Scoping Study Q1 2026
Gold price US$4,500
Resource Update
MRE 0.6Moz AuEq
Note: references on this slide are in the Appendix – Endnotes on Slides 21, Refer to Slide 22 for Mineral Resources
47
Ag
79
Au
29
Cu
Mt Carrington
Discovery Opportunity
ASX: LGM
Why Mt Carrington?
Extensive high-grades and wide mineralised zones
Interpreted porphyry D-veins in KYDD001 at 52.5m
(18.9m at 5.8% Cu from 58m)1
(Comments on Exploration at the Drake Project,
Corbett Geological Consulting)
• 12.82m at 48g/t Au and 2,589g/t Ag from 12m1
• including 1m up to 230g/t Au and 9,081g/t Ag
• 118m at 1.71g/t Au, 6.9g/t Ag, 0.1%Cu and 1.12% Zn from 2m1
• 143m at 1.1g/t Au, 3g/t Ag, and 0.9% Pb+Zn from 0m2
• 8m at 16.92g/t Au, 17g/t Ag, 0.53% Cu, 1.45% Pb and 6.89% Zn
from 52m3
Porphyry D-vein
Overprinting
Examples of epithermal vein textures from drill holes WRDD012 (81m at 82g/t Ag from 40m) and KYDD003
(118m at 1.71g/t Au from 2m)1
10
• 18.9m at 5.8% Cu from 58m and 10.1m at 7.26% Cu
from 88m1
Gold and Silver Drill Hits
Copper Drill Hits
Note: references on this slide are in the Appendix – Endnotes on Slides 21
ASX: LGM
Drilling has barely scratched the surface
Target Rich Gold, Copper, and Silver Environment
11
• Detailed Airborne Mobile-MT data review has identified significant conductivity trends1
• Experts engaged who are familiar with the MT survey data used by K92 Mining Inc. at the Kainantu Mine
• Compelling discovery target opportunities confirmed both near-mine and regionally
Across the Mt Carrington Project there are 3,319 drill holes with an average depth 49m
MT Resistivity across the Mt Carrington Deposits and White Rock Alteration Halo1
WCDD003
Undrilled porphyry target
Attempted drill test - 2015
Note: references on this slide are in the Appendix – Endnotes on Slides 21
ASX: LGM
Size of the Prize Potential: Kainantu – Exceptional AuEq Growth1
Epithermal-porphyry systems potential to extend at depth
12
2017
2025
2021
2023
Kainantu 2.2Moz AuEq
Kainantu 18Moz AuEq
Mt Carrington
average drill depth
Is 50m
2015 Kainantu acquisition
from Barrick 0.8Moz AuEq
Note: references on this slide are in the Appendix – Endnotes on Slides 21
ASX: LGM
Emerging Gold Discovery (current drilling)
First ever diamond drilling intersecting significant gold
The first hole, from an eight-hole campaign has returned an outstanding,
first pass intercept of1:
40m at 1.0g/t Au from 151m, including:
o 9m at 2.7g/t Au from 180m, and
o 1m at 5.6g/t Au from 157m
New Discovery – Mascotte
13
Cross-section of the Mascotte Mine1,2
Preliminary drilling did not replicate historical silver drill hits (1970) which include1:
• 18.3m at 237g/t Ag from 3m2, including:
• 9.1m at 394g/t Ag
This potentially indicates the presence of a parallel structure or silver rich zone closer to
surface
Historical High – Grade Silver not tested
Open along strike, at depth, and up to surface
Note: references on this slide are in the Appendix – Endnotes on Slides 21
ASX: LGM
Planned Drill Targets – White Rock
Two existing silver dominant deposits open at depth
14
Planned drill programs across Mt Carrington
Cross Section of the Mt White Rock North Deposit with Planned Holes (White)1
Note: references on this slide are in the Appendix – Endnotes on Slides 21
ASX: LGM
Planned Drill Targets – Mt Carrington
Copper and gold targets open at depth and along strike
15
Planned drill programs across Mt Carrington
Cross Section of the Mt Carrington Mine1
Note: references on this slide are in the Appendix – Endnotes on Slides 21
47
Ag
79
Au
29
Cu
Mt Carrington
Development Opportunity
ASX: LGM
115Moz Silver-Equivalent Resource1
One of Australia’s highest grade, open-pit silver and gold project
17
• 34.4Mt at 105g/t silver-equivalent (AuEq) containing
0.7Moz Au, 24.3Moz Ag, 147kt Zn, 33kt Pb, 20kt Cu
Substantial platform for growth
• New MRE provides company exceptional base to start
adding ounces
• Initial gold-dominant open pit resources highlight
potential for lower initial OPEX production
• Potential for low CAPEX due to site infrastructure
• High-grade underground resource potential yet to be
targeted with drilling and incorporated into resource
• Project has consistently grown with every new Mineral
Resource Estimate
Consistent Mineral Resource Growth With Discovery
2025 Mineral Resource1
Note: references on this slide are in the Appendix – Endnotes on Slides 21, Refer to Slide 22 for Mineral Resources
ASX: LGM
2026 Scoping Study
• 2026 study will evaluate new 2025, 34Mt Mineral Resource (2025 Study only evaluated ~200koz
of gold1)
• Previous Metal Concentrate - Met. Review by Ausenco identifying a precious metal concentrate
as the optimal processing pathway2
• Existing Site Infrastructure - Opens pits pre-stripped, haul roads completed, tailings dam built,
750ML freshwater dam installed, grid easement constructed, minor site infrastructure
Power Tailings Dam Water Source Active Mining History Land Use
Existing grid
Connection
Yes, built Yes, built 1853 till 1990s State Forestry
New precious metal concentrate planned at brownfields site
Financials A$5,000
NPV8 $388M
IRR 141%
Free Cash Flow $405M
Mining Metrics ASIC A$1,726, open-pit, 34koz Au pa, A$47M CAPEX
18
Robust results from limited 2025 Study – only based on ~200koz Gold2
Note: references on this slide are in the Appendix – Endnotes on Slides 21, Refer to Slide 22 for Mineral Resources
ASX: LGM
1. 115Moz AgEq1 resource lays a strong foundation for further resource growth
• At 105g/t AgEq1, it one of Australia's highest grade open pit silver-gold deposits
3. Focused on gold, silver and copper
• Strong long-term macro market thematic
4. Clear strategy to deliver shareholder value
• Discovery and development at Mt Carrington, joint ventures & partnerships on
generative projects proving discovery upside
Legacy Minerals Investment Case
2. Market capitalisation presents significant growth opportunities
19
• Catalysts include 2026 Scoping Study, drilling, and potential resource growth
4. $10 million in cash (30 Jan)
• Cash in bank to deliver strategy
Discovery and Devlopment
ASX: LGM
Chris Byrne CEO & Managing Director
chris.byrne@legacyminerals.com.au +61 499 527 547
Thank You
ASX: LGM
Appendix A – Endnotes
Intro Slide 4: 1 LSX ASX Release, 9 February 2026, Lion Investor Update February 2026
MTC Slide 6: 1 LGM ASX Release, 12 December 2025, New Silver Targets and Drill Approvals at Mt Carrington
MTC Slide 7: 1 LGM ASX Release, 1 September 2025, Metallurgical Study Commences at Mt Carrington Project 2 Independent Technical Report, Kainantu Gold Mine, Updated Integrated
Development Plan, Kainantu Project, Papua New Guinea, Definitive Feasibility Study and Preliminary Economic Analysis, National Instrument 43-101 Technical Report, January 1, ASX Release LGM
29 October 2024 3,050gt Silver and 79gt Gold in Historical Drake Drilling
MTC Slide 8:1 LGM ASX Release, 12 December 2025, New Silver Targets and Drill Approvals at Mt Carrington
MTC Slide 10: 1 ASX Release LGM 29 October 2024 3,050gt Silver and 79gt Gold in Historical Drake Drilling, ASX Release LGM 2 May 2025 Amendments - Release 1 May 2025, Mount Carrington
Mines Limited, 17 April 1970, DIGS R00018103, Sixth Annual Report for Period Ending September 15 1992, EL2662 (Drake) CRA Exploration, Prospectus is issued by White Rock Minerals Ltd (“White
Rock”) dated 20 August 2010, ASX TMZ Release: 24 October 2022, High Grade Copper Target at Mt Carrington; 2 ASX Release LGM, 2 May 2025, Amendments - Release 1 May 2025; ASX Release
LGM, 1 May 2025, Broad and High-Grade Gold 1in Drilling Intercepts; 3 ASX Release LGM, 28 March 2024, Clarification of Mt Carrington Acquisition Announcement
MTC Slide 11: ASX Release LGM, 25 August 2025, Drilling Approval and New Targets at Mt Carrington Project
MTC Slide 12: 1 Otterburn Announces K92 Completes Purchase of Kainantu Mine From Barrick Gold Corp. and Files Initial Independent Technical Report and Resource Estimate, March 11, 2015
(Otterburn Resources Corp); Growing Production & Transformative Discoveries, Site Visit Presentation, October 23-24, 2024; K92 Mining Inc.; Independent Technical Report Mineral Resource
Estimate Blue Lake Porphyry Deposit, Kainantu, Papua New Guinea, K92 Mining Inc., 01 August 2022; 3. Independent Technical Report, Kainantu Gold Mine, Updated Integrated Development Plan,
Kainantu Project, Papua New Guinea, Definitive Feasibility Study and Preliminary Economic Analysis, National Instrument 43-101 Technical Report, January 1, 2024.
MTC Slide 13: 1 ASX Release LGM, ASX Release LGM, 19 March 2026, Maiden Drilling Makes New Greenfields Gold Discovery, 2 ASX Release LGM, 30 September 2025, New Silver Drill Targets
Approved and Drilling Commencing
MTC Slide 14: ASX Release LGM, 30 September 2025, New Silver Drill Targets Approved and Drilling Commencing; 2 ASX Release LGM, 11 December 2025, New Silver Targets and Drill Approvals at
Mt Carrington
MTC Slide 15: 1 ASX Release LGM 29 October 2024 3,050gt Silver and 79gt Gold in Historical Drake Drilling, ASX Release LGM 2 May 2025 Amendments - Release 1 May 2025
MTC Slide 17: 1 LGM ASX Release, 1 September 2025, Metallurgical Study Commences at Mt Carrington Project
MTC Slide 18: 1 LGM ASX Release, 12 December 2025, New Silver Targets and Drill Approvals at Mt Carrington, 2 LGM ASX Release, 15 April 2025, Amendment - Release 11 April 2025
Appendix B: 1 LGM ASX Release, 12 December 2025, New Silver Targets and Drill Approvals at Mt Carrington
21
ASX: LGM
Appendix B – Mt Carrington Mineral Resources1
The preceding statements of Mineral Resources conform to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages reported are
dry metric tonnes. Minor differences may occur due to rounding to appropriate significant figures. For White Rock & White Rock North. AgEq calculated using the formula: AgEq = Ag + 84.0712xAu + 93.2167xCu +
36.0156xZn + 27.0117xPb and Recoveries applied are 72% (Au), 71.7% (Ag), 66% (Cu), 85% (Zn) and 85% (Pb). For Kylo, Strauss, & Red Rock AgEq calculated using the formula: AgEq = Ag + 101.417xAu +
125.477xCu + 35.4288xZn + 28.23323xPb and Recoveries applied are 83.1% (Au), 68.6% (Ag), 85% (Cu), 80% (Zn) and 85% (Pb).For Lady Hampden, Silver King, and Lead Block, AgEq calculated using the formula:
AgEq = Ag + 82.4186xAu + 63.0108xCu + 27.0046xZn + 21.5193xPb and Recoveries applied are 88.6% (Au), 90% (Ag), 56% (Cu), 80% (Zn) and 85% (Pb). AgEq formula calculated using silver price of $43/oz, gold
price of $3600/oz, copper price of $14000/t, zinc price of $4200/t and the lead price of $3150/t (all AUD). In the opinion of the Company, all elements included in the metal equivalent calculation have a reasonable
potential to be sold and recovered based on current market conditions and metallurgical test work up to 2017.
22
Prospect Classification
Resource Tonnes and Grade Contained Metal
Tonnes
(Kt)
Au (g/t) Ag (g/t) Cu% Pb% Zn% AgEq (g/t) Au (Koz) Ag (Koz) Cu (kt) Pb (kt) Zn (kt) AgEq (Koz)
Strauss
Indicated 2,818 1.1 3.1 0.09 0.07 0.6 149 98 281 3 2 16 13,500
Inferred 2,026 1 2 0.08 0.04 0.4 130 63 129 2 1 9 8,468
Kylo
Indicated 2,842 1.1 2.1 0.07 0.05 0.4 138 103 191 2 1 11 12,609
Inferred 2,081 0.6 3.8 0.11 0.06 0.6 101 40 251 2 1 13 6,757
Guy Bell Inferred 2,512 0.7 2.3 0.16 0.08 0.6 117 58 188 4 2 15 9,449
Carrington Inferred 2,236 0.5 5.6 0.14 0.08 0.2 83 33 403 3 2 4 5,967
Red Rock Inferred 8,605 0.5 7.4 0.04 0.12 0.49 84 144 2046 3 10 43 23,239
Lady
Hampden
Indicated 2,136 0.71 62 0.01 0.03 0.07 124 49 4251 0 1 2 8,516
Inferred 2,125 0.74 35 0.01 0.04 0.08 100 51 2388 0 1 2 6,832
Silver King
Indicated 469 0.12 80 0.01 0.03 0.07 93 2 1200 0 0 0 1,402
Inferred 106 0.05 53 0.01 0.02 0.05 60 0 180 0 0 0 204
Lead Block Inferred 215 0.21 44 0.01 0.03 0.08 66 2 307 0 0 0 456
White Rock
Indicated 3,135 0.05 66 0.02 0.22 0.73 104 5 6629 1 7 23 10,482
Inferred 1,051 0.08 37 0.02 0.16 0.62 72 3 1258 0 2 7 2,433
White Rock
North
Inferred 2,039 0.05 70 0.01 0.14 0.11 83 4 4592 0 3 2 5,441
Total 34,396 104.7 653 24,294 20 33 146 115,756
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