Announcement PDF Forging a leading resources company. 79 Au 3 Sep 2024 47 Ag 29 Cu Chris Byrne, CEO & Managing Director chris.byrne@legacyminerals.com.au +61 499 527 547 RRS Gold Coast Disclaimer This presentation may contain certain statements and projections provided by or on behalf of Legacy Minerals Holdings Limited (ASX: LGM, Legacy Minerals, or the Company) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of Legacy Minerals. Accordingly, these statements are subject to significant business, economic and competitive uncertainties and contingencies associated with the mining industry which may be beyond the control of Legacy Minerals which could cause actual results or trends to differ materially, including but not limited to price and currency fluctuations, geotechnical factors, drilling and production results, development progress, operating results, reserve estimates, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates, environmental risks, ability to meet funding requirements, share price volatility. Accordingly, there can be no assurance that such statements and projections will be realised. Legacy Minerals makes no representations as to the accuracy or completeness of any such statement of projections or that any forecasts will be achieved. Additionally, Legacy Minerals makes no representation or warranty, express or implied, in relation to, and no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by Legacy Minerals or by any of their respective officers, directors, shareholders, partners, employees, or advisers as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In furnishing this presentation, Legacy Minerals undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in Legacy Minerals. This presentation contains exploration results and historic exploration results as originally reported the Company’s Prospectus dated 28 July 2021 and released 9 September and subsequent ASX market announcements. The Company confirms that it is not aware of any new information that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements. The information in this presentation that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Thomas Wall, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr Wall is the Technical Director is a full-time employee of Legacy Minerals Limited and a shareholder, who has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Wall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The release of these presentation materials has been authorised by the Board. ASX: LGM 2 3 A premier gold, silver and copper portfolio 100% Owned Projects -7,067km2 Thomson, Drake, and Black Range Joint Venture Projects -1,070km2 Bauloora, Fontenoy, Glenlogan, Cobar Map of NSW showing Legacy Minerals tenements and geographical location of major mining and exploration projects in NSW1 (figures are expressed as mineral resources). Why New South Wales? • Home to Australia’s largest gold mine (Cadia) and continued discovery success e.g. Achilles (AGC:ASX), Spur (WTM:ASX) • Potential validated by global mining company investment • $300M in joint venture deals across NSW in the last 16 months ASX: LGM Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 4 Legacy Minerals at a glance1 $0.245 Market Cap Share Price 0.35 $22M 10000000 9000000 8000000 7000000 6000000 5000000 4000000 3000000 2000000 1000000 0 0.3 0.25 0.2 0.15 0.1 0.05 0 Volume Shares 105M Volume Share Price Top 20 46% Cash – 31 Mar $3.2M 2024 Drill Campaigns 6 across 5 Projects Cash – 30 Jun $3.0M Debt Nil Joint Venture Funding $28.3M Price Board and Management Dr David Carland Non-Executive Chairman ASX: LGM Matthew Wall Non-Executive Director Douglas Menzies Non-Executive Director Christopher Byrne CEO and Managing Director Thomas Wall Exploration Manager and Executive Director 1 At 2 Sep 2024 Strategy to deliver shareholder value Acquiring, discovering, and developing high quality gold, copper, and silver projects Discovery Active drilling and targeting Focussed on gold, silver, and copper Looking for Tier-1 Type Deposits ASX: LGM Acquisitions Partnerships Low-cost acquisitions Non-dilutive discovery exposure Growth opportunities Diverse mix of early stage (Thomson) and advanced projects (Drake) $28M secured in earn-in agreements to date Ongoing, multiple discovery catalysts Thomson Belt scale exploration opportunity ASX: LGM 7 Discovery Opportunity Belt-scale exploration opportunity Confirmed Intrusion related Au-Cu Potential • Proof of concept confirmed in historic drilling • Target rich environment • • Numerous bulls-eye magnetic and gravity anomalies Large alteration footprints confirmed (tourmaline, biotite, silica and pyrrhotite) One of the most under-explored orogens in Australia • Potential for large deposits due to first mover advantage. • Belt scale exploration opportunity (5,500km2) • Successful discovery opens multitude of walk-up drill targets Pathway to Discovery • Gravity survey > magnetic and gravity modelling > drilling • Cover sequence geophysically transparent for gravity, magnetics, IP and potentially ground EM. • Shallow cover means cost-effective discovery rates. ASX: LGM Project overview showing EL9190, EL9194, ELA6777 and examples of “bullseye” magnetic targets. All magnetic targets shown here indicate a magnetic body >100Mt. Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 8 Highlight Prospects1 Multiple opportunities for a large deposit discovery Target Modelled mag body size Previous Drilling F3 350Mt Not tested. Hole passed nearby but did not intercept the interpreted causative magnetic body. Strong silica-pyrrhotite alteration and veining >100Mt Not tested. Magnetic susceptibility measurements of the drill core indicate the magnetic anomaly remains untested. Coincident gravity anomaly. Extensive tourmaline and biotite alteration and tourmaline + sulphide vein. (up to 0.53g/t Au, 113g/t Ag, 0.5% Cu, 4.2% Zn, 0.5% Bi, 0.6% W) 170Mt Not tested. Magnetic susceptibility measurements of the drill core indicate the magnetic anomaly remains untested. 480m zone of alteration - silicification, veining and brecciation indicating an extensive mineralized hydrothermal system. (up to 3.73g/t Au, 58g/t Ag, 0.12% Bi, 105ppm Mo, 1.8% Pb, and 1.0% Zn) CUT-B CUT-A F3 ASX: LGM CUT-B Key observations CUT-A Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 9 Analogue Deposit1 Havieron Deposit 8.4Moz AuEq (Greatland Gold) Au-Cu Intrusion Related Deposit • Havieron is an intrusion- related system with gold and copper mineralisation hosted in breccia, vein and massive sulphide (pyrrhotite dominant) styles • High grade gold and copper mineralisation discovered under more than 400 m of post-mineralisation cover • Drill testing of a coincident magnetic and residual gravity anomaly. • Circular magnetic anomaly within generally bland magnetic terrain. Bulls-eye to sub-circular magnetic high anomalies Meta-sedimentary host rocks; Pyrrhotite related mineralisation; and Related gravity high anomalies. ASX: LGM Discovery of the Havieron Gold-Copper deposit, WA (James et al., 2022) Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 Drake An Extensive and Underexplored Au-Cu system Unlocking a target rich epithermal environment 11 A ‘Legacy’ project with new Legacy Minerals exploration vision and approach What’s Legacy Minerals Strategy? • A focus on the delivering value through Au-Ag-Cu discovery Transaction $190k unencumbered sale from White Rock Resources (WRM)2 • Estimated $20-30M in project expenditure by previous companies Resources • Exploration License Application and Exploration Licences Resource • 320kOz Au and 23Moz Ag in open pit resources3 Comparable scale to other globally significant systems • • Prospective for epithermal and porphyry deposits Similar features to world class deposits such as Porgera, PNG4 Unrealised copper opportunity • • Extensive copper oxide potential across several kilometers Historical high grade and wide copper intersects not followed up ASX: LGM Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 12 Extensive high-grades demonstrate system potential Why we are here?: Because this project reported the right grades and exhibits the right textures Porphyry D-vein Examples of epithermal vein textures from drill holes KYDD003 at 65.5m, WRDD012 at 120m and 146.5m and interpreted porphyry D-veins in KYDD001 at 52.5m (Comments on Exploration at the Drake Project, Corbett Geological Consulting) • 12.82m at 48g/t Au and 2,589g/t Ag, including 6.88m at 82g/t Au, 3,355g/t Ag with 3.78m of core loss (DDH006) 1 • The highest grades in this interval went 0.91m at 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 2m • 8m at 16.92g/t Au, 17g/t Ag, 0.53% Cu, 1.45% Pb and 6.89% Zn, from 52m (NOT IN RESOURCE) (RED003)1 • 26.5m at 220g/t Ag and 0.1g/t Au from 133.3m (NOT IN RESOURCE) (MODD004) 4 • 16m at 5.8% Cu from 58m and 10.1m at 7.26% Cu from 88m (NOT IN RESOURCE) (KYDD001) 3 ASX: LGM (KYDD003) 2 Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 13 Copper Opportunity Untested porphyry copper targets1 • • Highly encouraging shallow intercepts including: • 18.65m at 5.8% Cu from 52m and 10.1m at 7.26% Cu from 88m • 25m at 1.26% Cu from 12m, and 6m at 2.75% Cu from 105m Extensive copper oxide resource potential across several kilometers gives confidence to large system ASX: LGM Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 Black Range Under explored gold-silver epithermal systems Black Range 15 100% ownership of a large underexplored epithermal system District scale control – 905km2 license • Newcrest were the last to complete significant exploration over 30 years ago 1 • Newcrest relinquished the ground in 1992 (Cadia discovery) 1 Main Prospects Black Range Project Why is it a compelling project? • Preservation and widespread Au-Ag anomalism (Sugarbag Hill, Mt Mylora)1,2 • 65km from Bauloora with clear parallels between the two systems • Newcrest dated Black Range to be the same age mineralisation as Bauloora1 Large Scale Potential • Rock chips up to 1,440g/t Ag and 2.06g/t Au underpin district potential3 ASX: LGM Regional Setting of the Black Range project and nearby operations2,3,4,5,6 Black Range EL with solid geology showing major prospect Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 Joint Venture Projects $28.5M in JVs sees sustained discovery effort 17 The upside in a JV - non-dilutive potential for value creation Like 100% owned projects, partnerships can deliver significant returns for shareholders SP: $28 MC: $1.04b SP: $28.50 MC: $355m SP: $6.51 MC: $257m SP: £0.371 MC: £1.48b SP: £0.99 MC: £134m SP: $0.42 MC: $3.24m SP: $0.36 MC: $3.13m SP: $0.56 MC: $5.1m Aber Resources 40/70 JV with Rio Tinto ASX: LGM Abitibi Royalties 30/70 JV Osisko Mining AuEx Ventures 49/51 JV with Frontier SP: £0.018 MC: £58.6m SP: £0.014 MC: £12m Greatland Gold 25/75 JV with Newcrest Mariana Resources 30/70 JV with Lidya Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 18 Glenlogan – S2 Resources JV ($6m) Assays Pending Preliminary Drill Observations • Variety of igneous rocks intersected) suggesting multi-phase long-lived intrusive system • Alteration compatible with outer propylytic alteration zone around potential porphyry system Joint Venture Terms • Up to $6M spent over 6 years. • Minimum drill meters. • LGM option for 20% loan carried to mining. Examples of chlorite-epidote-pyrite alteration and veining: quartz-chlorite-pyrite veining and alteration at 827m (LHS), Epidote veing and epidote-chlorite alteration at 985m (centre) and chlorite-pyrite-trace chalcopyrite alteration around vein at 1,264m downhole. Utilising improvements in technology • Modern technology has shown the target is much shallower than previously thought (~500m), and well within economic mining depths2 Rio Tinto identified but did not drill target • Partnership with a quality exploration company • ASX: LGM Rio Tinto last held in the ground in 1994 and did not drill test the target due to modelled target depth of 800m1 S2 Resources led by Dr Mark Bennet with Mark Creasy as major shareholder Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 19 Bauloora – Newmont ($15M) Drilling Assays Pending Ongoing discovery exposure • Primary Vein Field and Current Targets Further 2024 drilling planned Joint Venture Terms1 • Up to $15M spent over 8 years. • Minimum drill meters. • LGM option for 20% loan carried to mining. District scale control • 27km2 low sulphidation epithermal vein field2 • Target rich environment High-Grades and Extensive Veining • Veins up to 3m wide at surface strike >2km • • 3,701g/t Ag, 6.9g/t Au, 6.4% Cu, and 55% Pb+Zn (0.2m face sample) 4 6m at 3.56g/t Au, 10.95g/t Ag, 0.22% Cu and 6.47% Pb+Zn (from 57m) 4 Current combined extent of interpreted low-sulphidation epithermal-style textured veins and sinter related lithology2 ASX: LGM Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 Fontenoy – EarthAI Alliance ($4.5m) 20 Drilling Underway Discovery Drillhole – February 20241 • • 34m at 0.5g/t 3E PGE* including a higher grade zone of: 10m at 1.2g/t 3E PGE, 0.2% Ni and 891ppm Cu from 388m down-hole. Alliance Terms1 • Up to $4M spent over 3 years. • Minimum drill meters. • Success-based earn-in (need a qualifying intercept). Unlocked potential for magmatic-related PGE-Ni-Cu • Deposit styles such Nova-Bollinger (IGO) and Julimar (Chalice)2,3. PGE’s and Nickel listed as Critical and Strategic Minerals • Their value, rarity and strategic importance underpin the value for shareholders Shareholders are exposed to cutting edge AI • Strong potential to make further discoveries ASX: LGM Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 21 Central Cobar – Helix JV ($2.8M) New Joint Venture will see an active exploration program Prospective, undrilled search space • Along strike of the Peak Gold Mine Corridor (Aurelia, ASX) • Along strike of the CSA Mine (Metals Acquisition Corp, ASX) • Interpretation that the western margins of the Peak Corridor has structural complexity and potential for fluid pathways that form many Cobar-Type deposits1 Key Terms of the Joint Venture2 • $2.8M over six years and three stages to earn 80% • LGM’ ability to contribute at each stage ASX: LGM • Minimum expenditure and commitments to drill Note: references on this slide are in the Appendix – Endnotes on Slides 25-27 22 Timeframes and Discovery Catalysts Ongoing drilling and target generation Drilling Q3 Bauloora Drilling Results Q4 Glenlogan Drilling Results Q4 Bauloora Drilling Starts Q4 Fontenoy Drilling Results • Follow up drilling 2024 2023 Target Generation Q3 Rockley Soil sampling ASX: LGM Q3 Drake Project Update Q3-Q4 Black Range Soil sampling Q3-Q4 Cobar Ground Geophysics • Follow up generative work Investment Highlights Deliver shareholder value through acquiring, exploring and developing projects Right Structure Right People Right Ground Competitive market cap means room for growth Experience across all areas of exploration and mining space High grade projects Tight capital structure 105M shares on issue Good stewards of capital with skin in the game Targeting Tier-1 systems Track record of discovery and funding Potential for significant discoveries and resource growth $28.3M in non-dilutive, JV funding $3M cash in bank at end of June ASX: LGM Focus on gold, silver, and copper Actively Drilling Forging a leading resources company. Christopher Byrne, CEO and Managing Director chris.byrne@legacyminerals.com.au 25 Appendices – Endnotes Slide 3, Slide 15: 1 Alkane Resources Kaiser Resource Estimate of ~4.7M Gold Equivalent 27 February 2023; 2 Silver Mines, Ord Minnett East coast Mining Conference, March 2023; 3 Alkane Resource and Reserve Statement FY22, 9 September 2022; 4 Newcrest Mining Annual Mineral Resources and Ore Reserves Statement 17 February 2022; 5 Sandfire Resources NL 2019 Annual Report ; 6 Regis Resources Annual Mineral Resource and Ore Reserve Statement 8 June 2022; 7 CMOC Northparkes Mining and Technical Information; 8 Evolution Mining 2022 Annual Report Project & Company Boda-Kaiser, NSW (Alkane Resources Ltd) Tomingley, NSW (Alkane Resources Ltd) McPhillamys, NSW (Regis Resources Ltd) Cadia and Ridgeway, NSW (2023) (Newmont Corporation) Cowal, NSW (Evolution Mining Limited) Nth Parkes, NSW (CMOC Mining Pty Ltd ASX: LGM Mineral Resource Measured Resource Indicated Resource Inferred Resource 7.26Moz Au, 1.38Mt Cu - - 7.26Moz Au, 1.38Mt Cu 1.75Moz Au 0.13M Au 1.019Moz Au 0.59Moz 2.29Moz Au - 2.28Moz Au 0.001Moz Au 35Moz Au, 7.9Mt Cu 0.30Moz Au, 0.041Mt Cu 30.98Moz Au, 6.97Mt Cu 4.06Moz, 0.91Mt Cu 9.618Moz Au 3.09Moz Au, 2.63Mt Cu 0.367Moz Au 1.64Moz Au,1.2Mt Cu 7.33Moz Au 1.1Moz Au, 1.1Mt Cu 1.92Moz Au 0.35Moz Au, 0.33Mt Cu Appendices – Endnotes (continued) Slide 7:1: Technical Review of the Falcon Project, July 2023, Bob Richardson (unpublished) Slide 8: 1:Technical Review of the Falcon Project, July 2023, Bob Richardson (unpublished) Slide 9: 1: Hanneson, J. E., & Baxter, C. N. (2022). Discovery of the Havieron Gold-Copper deposit, WA. Preview, 2022(219), 42–47. https://doi.org/10.1080/14432471.2022.2103941 Slide 11: 1: ASX WRM: 24 October 2022 High Grade Copper Target Identified at Mt Carrington, 2: ASX LGM: 20 July 2023 Acquisition of District Scale Copper-Gold Epithermal Project, 3: see slide 31, 4: World Gold, Pacific Rim Epithermal https://corbettgeology.com/wp-content/uploads/2016/07/corbett_pacific_rim_epithermal_au.pdf Slide 12: 1: ASX TMZ Release: 24 Oct 2022, High-Grade Copper Target Identified at Mt Carrington, Six Annual Report for Period Ending September 15 2: 1992 El 2662 (Drake) R00000410, CRAE 3: 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, 4: ASX WRM Release: 14 September 2012, Annual Report to shareholders Slide 13: ASX: LGM 7 May 2024 Drake Project Exploration Update, ASX TMZ Release: 24 Oct 2022, High-Grade Copper Target Identified at Mt Carrington Slide 15: 1: ASX LGM: 23 October 2023 Large 2.2km Long Gold Anomaly defined at Black Range, 2: ASX LGM: 11 October 2023 Widespread Silica Sinter Confirmed at Black Range. 3: ASX LGM 18 July 2024 Black Range Drilling Assays Returned and Exploration Update, 1992 Newcrest Mining Limited (R00001533) License 3137 Goondah Slide 17: GoldDiscovery Group, https://www.linkedin.com/posts/golddiscovery-media-b-v_why-buy-a-junior-miner-with-a-minority-stake-activity-7173060437201129472UGoE?utm_source=share&utm_medium=member_desktop Slide 18: 1: Rio Tinto Exploration Pty. Limited, EL5226 Cowra 8 Final Report Bathurst SI55-08 NSW, Australia, October 1997, 2: ASX 9 November 2023 Major Untested Porphyry Cu-Au Target Defined at New Project, 3: ASX LGM 29 January LGM: S2R enter $6M Farm-in at Glenlogan Porphyry Project, ASX S2R: 18 July 2024, Drilling started at Glenlogan Copper-Gold Project, NSW, ASX LGM: 3 September 2024 S2R: Glenlogan Drilling Update Slide 19: 1: ASX LGM: 5 April 2023 Newmont Farm-in at Bauloora Project, ASX LGM 2: ASX LGM 27 April 2023 Exploration underway at new low-sulphidation epithermal, NSW, 3: ASX LGM: 16 June 2022 High-Grade Silver, Gold Drill Results, Met-Testing Underway, Legacy Minerals Prospectus, dated 28 July 2021, 4: ASX LGM: 10 May 2023 Drilling Assays Confirm New Epithermal Discovery at Bauloora Slide 20: 1: ASX LGM 26 February 2024 Artificial Intelligence makes Magmatic PGE-Ni-Cu Discovery, 2: ASX LGM IGO Ltd, https://www.igo.com.au/site/operations/nova 3: Chalice Mining Limited, https://chalicemining.com/gonneville/ 4: ASX LGM, 17 July 2024, Extensive Undrilled Palladium-Platinum Footprint at Fontenoy. Slide 21: 1: ASX LGM: 19 August 2024 Helix Resources to Farm-in to Legacy’s Central Cobar Project, ASX HLX: 19 August 2024 Helix Expands Cobar Copper-Gold Foothold ASX: LGM 26 27 Appendices – Endnotes (continued) Drake Mineral Resource Estimate as at 26 March 2024 Deposit Strauss (ELA) Kylo (ELA) Resource Classification Grade Metal Indicated (JORC 2012) Tonnes (Mt) 2.2 1.48 1.74 0.49 0.08 105 123 10.7 1.7 Inferred (JORC 2012) 1.36 0.69 1.81 0.33 0.06 30 79 4.4 0.9 Indicated (JORC 2012) 2.14 1.25 1.35 0.19 0.04 86 93 4.1 0.8 Inferred (JORC 2012) 0.3 6 1.63 0.41 1.17 1.6 1.17 1.59 2.2 0.18 0.33 0.05 0.06 4 225 54 11 306 182 0.5 19.8 0.1 3.5 Sub-Total Red Rock (ELA) Inferred (JORC 2004) Guy Bell (ELA) Inferred (JORC 2004) Sub-Total Au (g/t) Ag (g/t) Zn (%) Cu (%) Au (koz) Ag (koz) Zn (kt) Cu (kt) 0.16 2.5 4.9 13 24 1.79 1.2 3.6 67 206 Indicated (JORC 2004) 1.84 0.6 69 37 4056 Inferred (JORC 2004) 2.47 0.3 51 27 4023 Indicated (JORC 2004) 1.71 77 4214 Inferred (JORC 2004) 2.66 47 3978 White Rock North (EL) Inferred (JORC 2004) 3.18 52 5314 Silver King (ELA) Inferred (JORC 2004) 0.64 59 Lady Hampden White Rock (ELA) Sub-Total 8.95 Total (JORC 2012 + JORC 2004) 16.74 0.1 51 1218 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[i]. 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. ASX: LGM