Australian Gold Conference Presentation
Released
Released
Announcement PDF
Australian Gold Conference
Discovery &
Development in NSW
14 October 2026
Gold – Silver – Copper
ASX: LGM
Important Information
The May 2026 Mt Carrington Scoping Study has been prepared to ascertain whether a business case can be made before
proceeding with more definitive studies of Mt Carrington’s development viability. The Scoping Study is a preliminary
technical and economic assessment of the potential viability of mineral extraction at Mt Carrington.
The Scoping Study is based on low-level technical and economic assessments that are not yet sufficient to support the
estimation of Ore Reserves. Further exploration and evaluation work, and appropriate studies, are required before any
estimate of Ore Reserves can be made, or before any assurance of an economic development case. The Scoping Study is
based on the material assumptions outlined in this announcement. These include assumptions about the availability of
funding. While the Company considers all of the material assumptions to be based on reasonable grounds, there is no
certainty that they will prove to be correct or that the range of outcomes indicated by the Scoping Study will be achieved.
The Company has reasonable grounds to disclose a Production Target, which includes an amount of an Inferred Mineral
Resources. For the Life of Mine, approximately 71% of the Life of Mine Production Target is in the Indicated Mineral Resource
category, and 29% is in the Inferred Mineral Resource category. Legacy Minerals considers that Mt Carrington’s financial
viability does not depend on the inclusion of Inferred Resources; the maturity of the project and historical production; the
history of past Mineral Resource Estimations converting from inferred to indicated; and therefore, reasonable basis exists for
disclosing a production target including Inferred Resources. There is a lower level of geological confidence associated with
Inferred Mineral Resources, and there is no certainty that further exploration work will result in the determination of
Indicated Mineral Resources, or that the Production Target itself will be realised.
Investors are cautioned that the Scoping Study is at a scoping-level of confidence (-30% to +45% accuracy). Further study
work is required to develop all project-modifying factors, including but not limited to mining dilution, ore loss, metallurgical
recoveries, geotechnical parameters, hydrology and dewatering, closure, cost estimates, and environmental and social
impacts. The Scoping Study is based on the material assumptions outlined in this announcement, including assumptions
about the availability of funding. While Legacy Minerals considers all material assumptions to be based on reasonable
grounds, there is no certainty that they will prove to be correct or that the range of outcomes indicated by the Scoping Study
will be achieved. To achieve the range of outcomes indicated in the Scoping Study, funding in the order of approximately
A$220.5M (maximum expected cash drawdown, including working capital and contingency) will likely be required.
The Scoping Study is based on the material assumptions outlined in the Scoping Study announcement. These include
assumptions about the availability of funding. Legacy Minerals has a strong track record of raising funding as required on
attractive terms, and a significant combined professional track record in the exploration and development of resources
projects. However, while Legacy Minerals considers all of the material assumptions to be based on reasonable grounds, there
is no certainty that they will prove to be correct or that the range of outcomes indicated by the Scoping Study will be
achieved.
To achieve the range of outcomes indicated in the Scoping Study, funding in the order of ~A$220.5 million will likely be
required (inclusive of all capital, owners, and other costs associated with an Engineering, Procurement and Construction
(EPC) contract, and all factored contingencies). This funding may take the form of debt and/or equity. Investors should note
that there is no certainty that Legacy Minerals will be able to raise that amount of funding when needed. It is also possible
that such funding may only be available on terms that may be dilutive to or otherwise affect the value of Legacy Minerals’
existing shares. It is also possible that Legacy Minerals could pursue other ‘value realisation’ strategies such as a sale, partial
sale or joint venture of Mt Carrington. If it does, this could materially reduce Legacy Minerals’ proportionate ownership of
the project. Given the uncertainties involved, investors should not make any investment decisions based solely on the results
of the Scoping Study.
This announcement has been prepared in compliance with the JORC Code 2012 Edition and the ASX Listing Rules. All material
assumptions on which the forecast financial information is based have been included in this announcement.
Competent Person Statement
This presentation contains exploration results and historic exploration results as originally reported in 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 and 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 and a full-time employee of Legacy Minerals Pty Limited, the
Company’s wholly-owned subsidiary, and a shareholder of the Company, 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 this presentation of the matters based on
his information in the form and context in which it appears.
The information in this presentation that relates to the Mineral Resource Estimate and classification for the Mt
Carrington Project is based on, and fairly represents, information and supporting documentation 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 WSP Australia Pty Limited.
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 this presentation of the matters based on her information in the form
and context in which they appear.
References
Please refer to appendices for details of all references contained throughout this presentation.
The release of these presentation materials has been authorised by the Board.
2
Note: references on this slide are in the Appendix – Endnotes on Slide 23
ASX: LGM
Legacy Minerals – Who we are
Mt Carrington
• 100% owned, 1.6Moz AuEq1 Resource
(gold and silver dominant)
• Near-term development pathway
(scoping studies, infrastructure)
• Significant growth and exploration
opportunity
Leveraged Discovery Exposure
• Multiple discovery opportunities with
significant land position in NSW
• Joint Ventures provide sustained discovery
opportunity
• Balanced partnership approach minimises
dilution and financing risk while retaining
exposure to significant value-creation
Tight Structure, Key Growth Catalysts
• Low shares on issue and $6M in cash
• Capital backing provides a strong platform
for drilling, discovery and mine studies
• Strong upcoming news-flow
• Multiple investment catalysts
Key
Development
Asset
Discovery
Potential
Investment
Leverage
3
Note: references on this slide are in the Appendix – Endnotes on Slides 23
ASX: LGM
4
LGM Projects
Major Deposits
Where we are: Gold, silver, and copper in NSW
Discovery, development, acquisitions, and partnerships
1 At 13 Oct 2026
Note: references on this slide are in the Appendix – Endnotes on Slide 23
NSW: A world-class minerals and mining
jurisdiction
• Home to Australia’s largest gold mine (Cadia) and
continued discovery success
• Value demonstrated by global mining company
investment
• Since 2023, NSW has seen A$16B in mining M&A
deals and $300m in exploration JVs1
• Underexplored compared to other jurisdictions like
Western Austrlalia
ASX: LGM
Company Overview1
1 At 9 Sep 2026
($AUD)
5
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
Dr John Greenfield
Chief Technical Advisor
Management Team
Market Cap
Shares on issue 200 million
$24 million
Debt Nil
Cash (30 June) $6 million
Enterprise Value $17 million
Options on issue Nil Listed
Current share price $0.12
ASX: LGM
47
Ag
79
Au
Discovery &
Growth
Opportunity
29
Cu
ASX: LGM
Mt Carrington Project Overview
1.6Moz AuEq MRE with significant discovery upside
7
Large Au-Ag MRE with increasing scale - 47.9Mt at 1.0g/t AuEq
• 714koz Au | 35Moz Ag | 201kt Zn+Pb, 40kt Cu at 1.0g/t AuEq1
Mineral Resource Open at Depth and Along Strike
MRE less than 150m depth with no underground resources included
High-grade open pit component to resource
493koz AuEq at 3.1 g/t AuEq (cut-off >1.9 g/t AuEq)2
Scoping Study review underway
Optimisation of the plant and revised pricing assumptions across resource
estimates, mining and financial studies
Hillgrove
(ASX: LRV)
Cracow
(ASX: AIS)
Mt Carrington
(ASX: LGM)
Mt Rawdon
(ASX: EVN)
AuEq/AgEq per Appendix 1 of LGM ASX Release 30 July 2026; peer resources on Slide 22; Endnotes on Slide 23
>100 12,000m Approved Drilling
100 AuEq gxm drill hits
Gold Au-rich, low-intermediate sulphidation
Strauss, Kylo, Lady Hampden, All Nations, Gladstone Hill, Red Rock
Silver rich, low sulphidation
White Rock, White Rock North, Silver King, Mozart
The geological model: targeting high grades
Gold-silver close to surface with a deeper copper target
Adapted after Buchanan, 1981.
Gold
Silver
Exploration Opportunity
• ~150 km² Drake caldera, 393 km² of tenure, no royalties or
encumbrances. Same orogen as Mt Morgan: 8.4Moz gold and 387kt
copper, 1882 to 1981
• Resource open at depth in every deposit; 3,319 historical holes
average 49m
• Mascotte: new discovery, 40m @ 1.0 g/t Au. Emu: first copper-gold
drilling in 50 years, assays pending. Kylo, Strauss and Lady Hampden
extensions.
• 12,000m drilling approved.
Note: references on this slide are in the Appendix – Endnotes on Slide 23
Airborne Mobile-MT conductivity section through the Mt Carrington group, historic workings and new areas of interest (LGM 2025).
298 km²
surveyed
>1.5 km
interpretive depth
MobileMT, completed 2025
1,642 line-km at 200 m spacing. Excellent correlation
between known deposits and conductive bodies, and
the Long Gully Fault imaged past 1 km.
Airborne Mobile-MT conductivity plan view over the Mt Carrington central area (LGM 2025).
New technologies unlocking a legacy mining system
Seeing beneath the cover to make new discoveries
Note: references on this slide are in the Appendix – Endnotes on Slide 23
ASX: LGM
Gold & Copper
Drilling
79
Au
29
Cu
ASX: LGM
Exceptional Gold & Copper Drilling Results1
Multiple intercepts > 100gxm Gold-Equivalent across numerous deposits
• 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
11
Gold Drill Highlights
Recent LGM Drilling Results
• 40m at 1.0g/t Au from 151m (new discovery outside 2026 MRE)
• 95m at 0.9g/t Au and 0.35% Zn from 2m, including
o 10m at 6.0g/t Au from 69m.
• 18m at 1.4g/t Au, 10g/t Ag and 3.8% Pb+Zn from surface
• 95m at 0.13% Cu (new discovery outside 2026 MRE)
Note: references on this slide are in the Appendix – Endnotes on Slide 23
Quartz-sulphide lode in andesite porphyry
- DDH KYDD011, 140.5m, 99.7g/t Au,
3.17% Cu & 231g/t Ag.
99.7g/t Au
Quartz-polymetallic Au-Ag lode from the
Strauss pit area. DDH SRD1, 30.1m, 21.9g/t
Au.
21.9g/t Au
• 18.9m at 5.8% Cu from 58m and 10.1m at 7.26% Cu from 88m1
Copper Drilling Highlights
Porphyry D vein lode comprising quartz-
pyrite-chalcopyrite – DDH KYDD001 62.5m,
11.9% Cu, 2% Zn.
Quartz pyrite-chalcopyrite vein – ANDD013,
341.5m, 2.3% Cu.
11.9% Cu
2.3% Cu
ASX: LGM
Currently Drilling – Mascotte
Targeting high grade gold (and silver)
12
The first hole has returned an outstanding, first pass intercept of1:
• 40m at 1.0g/t Au from 151m, incl.
o 9m at 2.7g/t Au from 180m, incl. 1m at 5.6g/t Au from 157m
• 57m at 0.3g/t Au from 81m (uncut), incl. 8m at 1.3g/t Au from 129m, incl.
o 1m at 8.1g/t Au from 131m (MSDD002),
• 1m at 9.7g/t Au from 167m (MSDD007).
• 1m at 18.7% Pb, 8.7% Zn and 43g/t Ag from 180m (MSDD003)
First Pass Drilling1
• Government Approvals received for up to 12,000m of drilling at Emu, White
Rock, and Mascotte
Follow-up Drilling Approvals Received
Cross-section of the Mascotte Mine1,2
NEW DISCOVERY
140m
Note: references on this slide are in the Appendix – Endnotes on Slide 23
ASX: LGM
Big Copper Targets
Untested opportunity being drilled
13
Note: references on this slide are in the Appendix – Endnotes on Slide 23
Open pit of the Emu Copper Mine
• First modern drill test of the compelling copper-gold porphyry-epithermal target
that has not seen a drill rig in 50 years
• Assays pending from the initial 8-hole, 4,000m diamond drilling program
Emu Copper Mine (awaiting assays)
Upcoming - Targeting deeper, untested targets
Porphyry Target
All Nations
Gladstone North
Kylo
Guy Bell
Mt Carrington
Oblique section view looking North (3D IP)
1,500m
ASX: LGM
Silver Drilling
47
Ag
ASX: LGM
Exceptional Silver Drilling Results1
Rare pure play silver deposits (Silver King, White Rock, Mozart)
15
Silver Drill Highlights
• 12.82m at 2,589g/t Ag and 48g/t Au from 12m (DDH006)
• including 1m up to 9,081g/t Ag and 230g/t Au
• 1.5m at 3,050g/t Ag from 23m (RED003)
• 37.1m at 422g/t Ag, 0.2g/t Au, 1.5% Pb+Zn from 0m (PWR128)
• 58.5m at 204g/t Ag, 0.2g/t Au, 1.1% Pb+Zn from 25.5m (PWR172)
• 26.5m at 220g/t Ag and 0.1g/t Au from 133.3m (MODD004)
• 90m at 58g/t Ag from 168m (WRDD016)
• 60.65m at 107g/t Ag from 105.85m (WRDD012)
• 18.3m at 237g/t Ag from 3m (PDMS005A)
• 116.9m at 59g/t Ag, 0.1g/t Au, 1.7% Pb+Zn from 0m (WRDD031)
Note: references on this slide are in the Appendix – Endnotes on Slide 23
Lode with white sphalerite – DDH WRDD26, 85.5m, 0.32g/t Au &
644g/t Ag.
Pyrite vein with Ag sulphosalts cuts quartz veins - DDH WRDD26,
51.6m, 0.57g/t Au & 1,020g/t Ag.
Core parallel vein of opal and white sphalerite – DDH WRDD012,
146.5m, 357g/t Ag.
High Ag grade white sphalerite-pyrite vein within haematite-opal
alteration in the White Rock silica cap – DDH WR12, 120m, 475
g/t Ag.
1,020 g/t Ag 644 g/t Ag
357 g/t Ag 475 g/t Ag
ASX: LGM
Resources Open at Depth – White Rock
Opportunity to grow the Mineral Resource Estimate
16
OPEN
Note: references on this slide are in the Appendix – Endnotes on Slide 23
IP at White Rock showing untested zones of chargeability2
White Rock North Targets at Depth (5Moz Ag within first 150m from surface)1
• Resource open at depth in all deposits
• Potential for new discovery and MRE Growth
ASX: LGM
Development
Opportunity
47
Ag
79
Au
ASX: LGM
Scoping Study Outcomes1 – Just the start
18
Ausenco-led Scoping Study confirms high quality, high margin development opportunity.
Spot Case (Au A$6,500/oz, Ag A$105/oz)
A$979m A$514m
38%
LOM free cash flow NPV7(pre-tax)
IRR(pre-tax)
A$220.5m
A$1,188
Capex
AISC
32 months
12 years
Payback
Initial mine life
LOM production
Source: ASX release LGM 12 May 2026 – Amendments – Mt Carrington Scoping Study Announcement. Spot Case: Au A$6,500/oz,
Ag A$105/oz; Base Case: Au A $5,950/oz, Ag A$85/oz. Pre-tax, ungeared, real 2026 AUD. Production Target reported in
accordance with the JORC Code 2012; Scoping Study at -30%/+45% accuracy. Refer to Cautionary Statement Slide 2
253koz Au – 6Moz Ag
• First time a long mine-life Study delivered on the Project
• Study based on conservative Mineral Resource Estimate
• A high-margin project, with the lowest-quartile AISC
• Demonstrates that a payable concentrate can be made from
the deposits
• Only uses ~20% of the current 1.6Moz MRE (10.1Mt of
47.9Mt)
1.3g/t AuEq
Average head grade
Key Takeaways
Next Stages
• Optimisation: look at increasing plant sizes to target higher
NPV, IRR, and ounces of gold and silver produced p.a.
• New concentrate payability data – concentrate marketing
shows the possibility of more economic material
Refer to Cautionary Statement
Note: references on this slide are in the Appendix – Endnotes on Slide 23
ASX: LGM
What's the impact of the new mineral resource?
Increase in the geological confidence (indicated resources) means potentially larger production target
19
2023
(ASX:WRM, TMZ)1
2025
(LGM)2
2026
(LGM)3
Change since 2022
Tonnes (Mt) 19.1 34.4 48 +151%
Gold (koz Au) 341 653 714 +109%
Silver (Moz Ag) 23.2 24.3 35.0 +51%
Note: references on this slide are in the Appendix – Endnotes on Slide 23
ASX: LGM
Catalysts
Discovery and Development Catalysts at Mt Carrington, ongoing partner work
Dec 2026 – Mt Carrington
Optimised Scoping Study
• Ausenco and WSP, incorporating the new
1.6Moz AuEq resource
2027 Onwards - Mt Carrington
Greenfields discovery - ongoing
12,000m of drilling approved across the Mt
Carrington Project
Partner activity & other projects
Q4 2026
• Aurelia: Cobar geophysics program.
• Earth AI: Fontenoy drilling results.
• Hill Tops: Harden drilling results.
• NiCo Young: Scandium MRE underway
20
Mt Felstead drilling campaign Newmont Aerial-IP test - Bauloora Blue Cap epithermal discovery
Resource expansion planned drilling
Planned 10,000 metres of drilling testing depth
and strike extensions of known deposits.
Discovery focused drilling
• Mascotte (drilling underway) and Emu
Drilling results expected
Note: references on this slide are in the Appendix – Endnotes on Slide 23
ASX: LGM
Investment Highlights
Quality 1.6Moz AuEq Au-Ag deposit drives strong economics
Strong leverage to gold and silver prices and discoveries
World-class gold, silver and copper opportunity by a Junior
Rare gold and silver system
Shallow resource with scale potential
Tight capital structure with Management invested
Low shares on issue, Directors hold 16%
Active exploration and discovery catalysts
Active drilling resulting in new discoveries
21
Mt Carrington
Note: references on this slide are in the Appendix – Endnotes on Slide 23
ASX: LGM
Appendix – New England Fold Belt
Mineral Resources as last reported to ASX by each company (JORC Code 2012); deposits shown on the Slide 5 map
Project (Company, ASX) Status Category Tonnes (Mt) Au (g/t) Ag (g/t) Other grade
Contained Au
(koz)
Contained Ag
(Moz)
Other contained metal
Reported equivalent
grade
Contained
equivalent (koz)
Mt Carrington, NSW (Legacy Minerals,
LGM)¹
Development study
(open pit)
Indicated 19.3 – – – 392 15.1 88kt Zn, 12kt Cu, 19kt Pb 1.22 g/t AuEq 760
Inferred 28.6 – – – 322 19.9 76kt Zn, 29kt Cu, 19kt Pb 0.88 g/t AuEq 809
Total 47.9 – – – 714 35.0 164kt Zn, 40kt Cu, 38kt Pb 1.02 g/t AuEq 1,570
Hillgrove, NSW (Larvotto Resources, LRV)²
In production (UG, Aug
2026)
Measured 0.67 3.2 – 2.8% Sb 70 – 19kt Sb 11.3 g/t AuEq n/r
Indicated 4.24 4.5 – 1.1% Sb 608 – 47kt Sb 7.7 g/t AuEq n/r
Inferred 3.85 3.7 – 0.8% Sb 457 – 31kt Sb 6.0 g/t AuEq n/r
Total 8.77 4.0 – 1.1% Sb 1,135 – 96kt Sb 7.2 g/t AuEq n/r
Cracow, QLD (Aeris Resources, AIS)³ Operating (UG)
Measured 0.3 3.3 3 – 34 0.03 – – –
Indicated 2.1 3.1 3 – 210 0.22 – – –
Inferred 2.6 2.1 4 – 180 0.34 – – –
Total 5.0 2.6 4 – 430 0.59 – – –
Mt Rawdon, QLD (Evolution Mining, EVN)⁴
Mining concluded
FY2025 (OP)
Indicated 0.50 0.58 – – <10 – – – –
Total 0.50 0.58 – – <10 – – – –
Notes: 1. LGM ASX Release, 30 July 2026, Mt Carrington Resource grows to 1.6Moz Gold-Eq. (Table 3). Open-pit constrained MRE, Indicated + Inferred; gold-rich deposits reported at 0.25g/t AuEq cut-off, silver-rich deposits at 25g/t AgEq cut-off; pit shells and
AuEq/AgEq formulae use Au A$5,950/oz, Ag A$85/oz, Cu A$17,100/t, Zn A$4,900/t, Pb A$3,300/t with metallurgical recoveries (Appendix 1 of that release). Au and Ag grades are not reported by category in the source (n/r). Competent Person: Kate Kitchen (WSP
Australia). 2. LRV ASX Release, 6 May 2025, Hillgrove Antimony-Gold Project Delivers Compelling Definitive Feasibility Study (Table 24, MRE as at May 2025); AuEq = Au + 2.897 × Sb% at US$2,500/oz Au and US$22,500/t Sb, recoveries 83.1% Au and 86% Sb; cut-offs
2.3g/t AuEq (underground) and 0.65g/t AuEq (open pit); tungsten excluded. 3. AIS ASX Release, 30 July 2026, Group Mineral Resource and Ore Reserve Statement (as at 30 June 2026); Resources inclusive of Ore Reserves; cut-offs 1.0g/t Au (Western Vein Field
underground), 1.5g/t Au (Golden Plateau underground), 0.5g/t Au (Golden Plateau open pit). 4. EVN ASX Release, 1 May 2026, Annual Mineral Resources and Ore Reserves Statement (as at 31 December 2025, Table 3); cut-off 'various'; mining concluded in FY2025
after approximately 25 years of production, with remaining stockpiles processed in the September 2026 quarter (31 December 2024 Resource: 5.0Mt at 0.30g/t Au for 48koz).
Legacy Minerals confirms that it is not aware of any new information or data that materially affects the Mt Carrington information included in the 30 July 2026 announcement and that all material assumptions and technical parameters underpinning the estimate
continue to apply and have not materially changed. Information on Hillgrove, Cracow and Mt Rawdon is compiled from public ASX announcements lodged by the companies named, has not been independently verified by Legacy Minerals, and is presented for
context only; the presence of these deposits is not necessarily indicative of the mineralisation at Mt Carrington. Metal-equivalent bases differ between companies (Hillgrove AuEq includes antimony; Mt Carrington AuEq includes silver, copper, zinc and lead) and
equivalent grades are not directly comparable. Figures are rounded as reported. UG = underground; OP = open pit; n/r = not reported in the source; – = not applicable.
Note: references on this slide are in the Appendix – Endnotes on Slide 23
ASX: LGM
Appendix – Endnotes
23
Slide 3: 1 Capital structure and cash at 30 June 2026 per LGM ASX Release, 31 July 2026, Quarterly Activities Report and Appendix 5B Cash Flow Report; share price, market capitalisation and enterprise value at 13 October 2026 (A$0.12; ~200 million shares on issue; nil
debt).
Slide 5: 1 LGM ASX Release, 30 July 2026, Mt Carrington Resource grows to 1.6Moz Gold-Eq. 2 LGM ASX Release, 30 July 2026, Mt Carrington Resource grows to 1.6Moz Gold-Eq. (high-grade component, cut-off >1.9g/t AuEq); AuEq/AgEq formulae per Appendix 1 of that
release. Drill-hit statistics: LGM ASX Release, 29 October 2024, 3,050g/t Silver and 79g/t Gold, 41% Zn+Pb in Historical Drake Drilling. Approved drilling: LGM ASX Release, 13 May 2026, New Silver-Gold & Copper Drill Program to Commence. Peer deposits on map: see
Slide 22.
Slide 6: Deposit classification and district: LGM ASX Release, 30 July 2026, Mt Carrington Resource grows to 1.6Moz Gold-Eq.; LGM ASX Release, 29 October 2024, 3,050g/t Silver and 79g/t Gold, 41% Zn+Pb in Historical Drake Drilling (historical drill-hole statistics).
Mascotte: LGM ASX Release, 19 March 2026, Maiden Drilling Makes New Greenfields Gold Discovery. Emu: LGM ASX Release, 11 June 2026, Drilling Commences at the Emu Copper-Gold Target. Approved drilling: LGM ASX Release, 13 May 2026, New Silver-Gold & Copper
Drill Program to Commence. Mt Morgan historical production (1882–1981, ~262t Au and 387kt Cu): Queensland Government, Mount Morgan Mine Rehabilitation Project summary (publicly available, not independently verified by LGM).
Slide 7: 1 LGM ASX Release, 3 July 2025, Significant Gold-Copper Airborne MT Targets Defined at Drake; LGM ASX Release, 11 August 2026, New Survey defines Large and Untested Gold-Silver Target. Use example: K92 Mining Inc. (TSX: KNT) public disclosures for the
Kainantu Gold Mine; third-party information compiled from publicly available sources, not independently verified by LGM, and not necessarily indicative of the mineralisation or potential at Mt Carrington.
Slide 8: 1 LGM ASX Release, 30 July 2026, Mt Carrington Resource grows to 1.6Moz Gold-Eq.. Regional geology and prospects: LGM ASX Release, 29 October 2024, 3,050g/t Silver and 79g/t Gold, 41% Zn+Pb in Historical Drake Drilling.
Slide 10: 1 LGM ASX Release, 29 October 2024, 3,050g/t Silver and 79g/t Gold, 41% Zn+Pb in Historical Drake Drilling (KYDD003 118m; KYDD001copper intercepts as originally reported in TMZ ASX Release, 24 October 2022, High Grade Copper Target at Mt Carrington). 2
LGM ASX Release, 29 October 2024, 3,050g/t Silver and 79g/t Gold, 41% Zn+Pb in Historical Drake Drilling (RRDD009). 3 LGM ASX Release, 29 October 2024, 3,050g/t Silver and 79g/t Gold, 41% Zn+Pb in Historical Drake Drilling (RED003). Recent LGM drilling: LGM ASX
Release, 19 March 2026, Maiden Drilling Makes New Greenfields Gold Discovery (MSDD001 40m at 1.0g/t Au); LGM ASX Release, 1 May 2025, Broad and High-Grade Gold in Drilling Intercepts, as amended 2 May 2025, Amendments - Release 1 May 2025 (95m at 0.9g/t
Au, 10m at 6.0g/t Au, 18m at 1.4g/t Au); LGM ASX Release, 30 January 2026, Silver-Gold-Copper Drilling Update at Mt Carrington (Battery Prospect, 95m at 0.13% Cu from 114m, uncut).
Slide 11: 1 LGM ASX Release, 19 March 2026, Maiden Drilling Makes New Greenfields Gold Discovery (MSDD001); LGM ASX Release, 16 June 2026, New Gold Discovery Confirmed with Further Drilling Assays (MSDD002, MSDD003, MSDD007). 2 LGM ASX Release, 16 June
2026, New Gold Discovery Confirmed with Further Drilling Assays (cross-section). Drilling approvals: LGM ASX Release, 13 May 2026, New Silver-Gold & Copper Drill Program to Commence.
Slide 12: LGM ASX Release, 16 June 2026, New Gold Discovery Confirmed with Further Drilling Assays; LGM ASX Release, 28 July 2026, Drilling and Resource Update - Mt Carrington.
Slide 13: LGM ASX Release, 11 June 2026, Drilling Commences at the Emu Copper-Gold Target; LGM ASX Release, 25 August 2025, Drilling Approval and New Targets at Mt Carrington Project; historical Emu Copper Mine workings and drilling: LGM ASX Release, 27 March
2024, Transformational Acquisition - Mt Carrington Cu-Au Project. 3D IP model: TMZ ASX Release, 24 October 2022, High Grade Copper Target at Mt Carrington; LGM ASX Release, 25 June 2026, Geophysical Surveys Commenced at Mt Carrington; LGM ASX Release, 11
August 2026, New Survey defines Large and Untested Gold-Silver Target.
Slide 15: 1 LGM ASX Release, 29 October 2024, 3,050g/t Silver and 79g/t Gold, 41% Zn+Pb in Historical Drake Drilling (RED003, PWR128, PWR172, WRDD031); LGM ASX Release, 11 December 2025, New Silver Targets and Drill Approvals at Mt Carrington (DDH006,
MODD004, WRDD016, WRDD012, PDMS005A). Core photographs: Corbett Geological Consulting reports to White Rock Minerals, September 2011 and August 2013.
Slide 16: 1 LGM ASX Release, 30 July 2026, Mt Carrington Resource grows to 1.6Moz Gold-Eq.; LGM ASX Release, 11 December 2025, New Silver Targets and Drill Approvals at Mt Carrington. 2 LGM ASX Release, 11 December 2025, New Silver Targets and Drill Approvals at
Mt Carrington (reprocessed 2009 pole-dipole IP).
Slide 18: 1 LGM ASX Release, 4 May 2026, Mt Carrington Scoping Study, as amended by LGM ASX Release, 12 May 2026, Amendments – Mt Carrington Scoping Study Announcement. Scoping Study review: LGM ASX Release, 7 September 2026, Optimised Scoping Study
Progressing Well at Mt Carrington. Refer to Cautionary Statement on Slide 2.
Slide 19: 1 WRM 2022 Mineral Resource (JORC 2004/2012) as reported in TMZ ASX Release, 24 October 2022, High Grade Copper Target at Mt Carrington. 2 LGM ASX Release, 13 March 2025, Drake Resource Increases to 1.2Moz AuEq. 3 LGM ASX Release, 30 July 2026, Mt
Carrington Resource grows to 1.6Moz Gold-Eq..
Slide 20: Optimised Scoping Study: LGM ASX Release, 7 September 2026, Optimised Scoping Study Progressing Well at Mt Carrington. Approved drilling: LGM ASX Release, 13 May 2026, New Silver-Gold & Copper Drill Program to Commence. Mascotte: LGM ASX Release,
19 March 2026, Maiden Drilling Makes New Greenfields Gold Discovery; LGM ASX Release, 16 June 2026, New Gold Discovery Confirmed with Further Drilling Assays. Emu: LGM ASX Release, 11 June 2026, Drilling Commences at the Emu Copper-Gold Target. Partner
activity (Aurelia – Cobar, Earth AI – Fontenoy, Hill Tops – Harden, NiCo Young): LGM ASX Release, 31 July 2026, Quarterly Activities Report and Appendix 5B Cash Flow Report.
Slide 21: 1 LGM ASX Release, 30 July 2026, Mt Carrington Resource grows to 1.6Moz Gold-Eq.. Directors’ shareholdings per LGM Appendix 3Y notices and the 2026 Annual Report.
Slide 22: 1 LGM ASX Release, 30 July 2026, Mt Carrington Resource grows to 1.6Moz Gold-Eq. (Table 3). 2 LRV ASX Release, 6 May 2025, Hillgrove Antimony-Gold Project Delivers Compelling Definitive Feasibilit
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