Announcement PDF CLICK TO EDIT MASTER TITLE ASX: LGM NOVEMBER 2021 NOOSA MINING UNEARTHED CONFERENCE GOLD AND COPPER EXPLORATION www.legacyminerals.com.au DISCLAIMER ASX:LGM This presentation may contain certain statements and projections provided by or on behalf of Legacy Minerals Holdings Limited (ASX: LGM, Legacy Minerals, or the Company) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of Legacy Minerals. Accordingly, these statements are subject to significant business, economic and competitive uncertainties and contingencies associated with the mining industry which may be beyond the control of Legacy Minerals which could cause actual results or trends to differ materially, including but not limited to price and currency fluctuations, geotechnical factors, drilling and production results, development progress, operating results, reserve estimates, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates, environmental risks, ability to meet funding requirements, share price volatility. Accordingly, there can be no assurance that such statements and projections will be realised. Legacy Minerals makes no representations as to the accuracy or completeness of any such statement of projections or that any forecasts will be achieved. Additionally, Legacy Minerals makes no representation or warranty, express or implied, in relation to, and no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by Legacy Minerals or by any of their respective officers, directors, shareholders, partners, employees, or advisers as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In furnishing this presentation, Legacy Minerals undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in Legacy Minerals. This presentation contains exploration results and historic exploration results as originally reported the Company’s Prospectus dated 28 July 2021 and released 9 September and subsequent ASX market announcements. The Company confirms that it is not aware of any new information that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements. The information in this presentation that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Thomas Wall, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr Wall is the Technical Director is a full-time employee of Legacy Minerals Limited and a shareholder, who has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Wall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The release of these presentation materials has been authorised by the Board Date of Release: 10 November 2021 2 INVESTMENT HIGHLIGHTS ASX:LGM ACTIVELY DRILLING • Diamond drilling to commence 15th Nov at Harden • Maiden drilling at Harden returned high-grade gold assays – proven success • Planned drilling of 16,000m over 2 years VALUE LEVERAGED TO EXPLORATION SUCCESS • $5.2M cash in hand • Five significant projects - 100% owned and unencumbered • Expected strong news flow over coming months EXPLORATION POTENTIAL • Discovery Potential – multiple drill ready targets across numerous projects • Resource Potential - High grade and shallow exploration targets JURISDICTION AND EXPOSURE • Prime position in the Lachlan Fold Belt • Diverse mineral system exposure: porphyry related Cu-Au, epithermal Au-Ag, and Cobar-type 3 ASX:LGM COPROATE SNAPSHOT CAPITAL STRUCTURE ISSUED CAPITAL $0.180 Shares on Issues 75.2M Options on Issue ($0.3) 4.9M Market Capitalisation ~ $15M Cash (at 30-Sep-21) $5.2M Nil Share Price $AUD Debt 29% 39% 32% IPO Shareholders Board and Management Other Shareholders 0.25 2000 1800 1600 1400 1200 1000 800 600 400 200 0 0.2 0.15 0.1 0.05 0 Volume Close Volume (thousands) ASX Share Price1 DIRECTORS Dr David Carland Non-Executive Chairman Investment banker with over 40 experience. Has held senior positions at UBS, Bankers Trust, CRA (now Rio Tinto). Was recently the Non-Executive Chair of Rex Minerals (RXM) and is a director with Aguia Resources (AGR) Christopher Byrne CEO and Managing Director Engineer with diverse experience in the mining sector with Anglo American across maintenance, operations, and capital works. Proven record of delivering large and complex mining and infrastructure projects in greenfield and brownfield environments Thomas Wall Executive Director & Exploration Manager Geologist with wide ranging experience exploration industry with senior roles at Peak Gold Mines and New South Resources. Demonstrated exploration and mining success across a variety of commodities and deposit styles Douglas Menzies Non-Executive Director Geologist with 28 years of widespread experience in the porphyry gold‐copper districts of PNG and Australia, epithermal gold‐silver projects in Australia, Indonesia, Fiji, Laos, Chile. Doug has held senior positions at Rio Tinto, Wafi‐Golpu, and is a director at Godolphin Resources (GRL) Matthew Wall Non-Executive Director Commercial specialist with over 35 years of experience in metals and mining across sales, marketing, logistics, trading, and risk management. Matt has held senior management roles with Rio Tinto, EDF Trading and Wood Mackenzie 1 As of 9 November 2021 4 ASX:LGM PORTFOLIO Harden Project Au – Quartz vein gold • Long forgotten, high-grade gold mines • 1.4km strike of mines open along strike and down plunge Bauloora Project Au-Ag – Low Sulphidation • Bonanza Ag grades and high-grade Au and base metals • One of the largest low sulphidation systems in NSW Cobar Project Au-Cu (Pb-Zn) – Cobar Type • Undrilled targets surrounded by operating Au and Cu mines • Untested geophysical and geochemical anomalism Fontenoy Project Au-Cu – VHMS • 8km long zone of Au and Cu anomalism defined in soils and drilling • 79m at 0.27% Cu from 1.5m, 22m at 0.67g/t Au from 20m1 Rockley Cu-Au – Porphyry related Cu-Au • Ordovician Macquarie Arc host rocks with undrilled porphyry potential LGM’s Tenements Total Tenure Area Km2 864 • Historical high-grade copper mines, rock chips up to 4.26% Cu and 90g/t Ag1 1 ASX: LGM 9 SEP Prospectus dated 28 July 2021 5 Successful Maiden RC Campaign • High-grade intercepts across multiple holes • Follow up diamond drilling planned to commence 15th Nov at Harden Project Highlights HARDEN Au • Multiple mineralised faults with significant strike length • Contains the two largest historical hard rock mines in a district that has producedVisible 460,000Gold oz 1 of gold • These two mines produced 75,000 oz Au at 28.6g/t Au1 • • Production grades of up to 50g/t Au Mineralised from surface - open along strike and down plunge 1 ASX: LGM 9 SEP Prospectus dated 28 July 2021 6 HARDEN PROJECT ASX:LGM HIGH-GRADE DRILL INTERCEPTS Maiden RC Drilling1: • 2m at 19.1g/t Au within 5m at 7.8g/t Au from 111m • 3m at 5.1g/t Au from 80m • 1m at 7.6/t Au from 128m Historic intercpets2: • 3.6m at 21.7g/t Au from 116m incl. 2m at 37.9g/t Au • 3m at 10.8g/t Au from 20m incl. 1m at 19.2g/t Au SIGNIFCANT STRIKE LENGTH • Historical workings mapped for 1.4km 1 ASX: LGM 3 NOV Assays Returned for Maiden Drill Campaign at Harden 2 ASX: LGM 9 SEP Prospectus dated 28 July 2021 7 HARDEN PROSPECT ASX:LGM Parallel Gold Veining • • • Broad gold zones intercepted – 9m at 0.6g/t Au from 120m Parallel high grade gold veining identified Highlights growth potential of the system High-grade gold • High-grade gold mineralisation in country rock surrounding historically stoped ground Open along strike and down plunge • • November 15 Diamond Drilling (planned)1 Testing down plunge beneath workings under the main stoped ground 1 ASX: LGM 20 SEP Diamond Drill Rig Secured for Immediate Follow-up Drilling 8 Project Highlights ASX:LGM • Bonanza Ag grades and high-grade Au and base metals • One of the largest low sulphidation systems in NSW – 27km2 of alteration and mineralisation • Drilling planned to commence January 2022 A BAULOORA Au-Ag A D: 15.1g/t Au E C B B: 19.8g/t Au, 462g/t Ag C D E: 39.1g/t Au 267g/t Ag 9 BAULOORA ASX:LGM Target rich project 1. Bauloora Mine prospect • Open along strike and down plunge 2. Mee Mar prospect • up to 5m wide and strike > 2km • 39g/t Au rock chip samples1 3. Gravel Scrapes prospect • 8g/t Au rock chip samples1 4. Panorama Prosect Bauloora Mine propsect • Historic high-grade mines with ore widths up to 3.5m1 • 3701g/t Ag, 6.9g/t Au, 29% Pb, 26% Zn, 6.4% Cu (face sample at Bauloora Mine) 1 1 ASX: LGM 9 SEP Prospectus dated 28 July 2021 10 COBAR Au-Cu (Pb-Zn) Project Highlights • Undrilled targets surrounded by operating and historical Au and Cu mines • Proximity to infrastructure and skilled mining workforce • World class jurisdiction seeing continued exploration success 11 COBAR ASX:LGM Untested Potential • • • Undrilled geophysical anomalies • Late time AEM conductors, IP, and magnetic targets Geochemically anomalous • Gold in lag up to 1.5g/t Au & 0.43g/t Au1 Detail mag results expected December 2021 • >1,000km of co-operative government aerial magnetics and radiometrics flown Workings (Yarrawonga Anomaly) 1 ASX: LGM 9 SEP Prospectus dated 28 July 2021 12 ASX:LGM COBAR Aurelia Metals (ASX: AMI) Peak Gold Mines ~10Mt at 7g/t Au All the right ingredients 2.5km A Structural complexity Geochemical anomalism B Geophysical anomalism Neighbouring world class deposits Proximity to infrastructure and skilled mining workforce LEGACY MINERALS 13 FONTENOY Au-Cu ROCKLEY Cu-Au PIPELINE OF POTENTIAL COMPANY MAKERS 14 ASX:LGM INDICATIVE TIMELINE AND DRILL METERS Q3 - 21 Harden - RC Drill Campaign Q4 -21 Harden – follow up DD Drill Campaign DRILLING Q2-22 - Q3 -22 Cobar - RC Drill Campaign Q1 - 22 Bauloora - RC Drill Campaign Q2 - 22 Fontenoy - RC Drill Campaign Q4 -22 Rockley - RC Drill Campaign Follow up drill campaigns 2021 TARGETING 2022 Q3 - 21 Cobar Aerial Mag. and Rad. Q4 -21 to Q1 -22 Bauloora – Induced Polarisation Q1 -22 Cobar – IP and Geochem Q2 - 22 Rockley – IP and gravity Q3 - 21 Harden – Dipole-Dipole Q4 - 21 Rockley Geochem 2023 Q1 -22 Rockley – Detailed Mag Drilling Planned Meters (RC) Total ~16,000 15 PRIMED FOR DISCOVERY CONTACT ASX:LGM DIAMOND DRILLING COMMENCING PIPELINE OF HIGH IMPACT WORK MULTIPLE DISCOVERY OPPORTUNITIES VALUE LEVERAGED TO SUCCESS Chris Byrne CEO and Managing Director chris.byrne@legacyminerals.com.au +61 (0) 499 527 547 Victoria Humphries Media & Investor Relations victoria@nwrcommunications.com.au +61 (0) 431 151 676 16