LEGEND MINING LIMITED — Capital/Financing Update 2020

Oct 4, 2020

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ASX:LEG

5 October 2020 ASX Announcement

More Massive Nickel-Copper Sulphides at Mawson

• RKDD027 intersects 26.25m of Nickel-Copper sulphide including:

• 15.45m massive sulphide across three zones

• 10.80m semi-massive and matrix sulphide across three zones

• Multiple Nickel-Copper sulphide intercepts in RKDD024 and RKDD025

Legend Mining Limited (Legend) is pleased to report on observations from diamond drillholes RKDD024-027 and results and observations from RC drillholes RKRC022–034 at the Mawson Prospect within the Rockford Project, Fraser Range, Western Australia (See Figure 4). News flow from the project has been impacted by delays in assay turnaround and downhole EM contractor availability has impacted the site work programmes. The details are discussed in the body of this report.

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Legend Managing Director Mr Mark Wilson said: “The content of the technical discussion within this announcement confirms that work has continued apace at Mawson since our last Mawson announcement on 8 September.

“The material widths of the intercepts in hole 27 speak to our confidence of the size potential of the Mawson system, whilst the information from the other reported holes is adding to the bigger picture.

“We are planning to release a 3D model of Mawson shortly which will visually depict the scale potential of Mawson in 3D for the first time. This model will aggregate data interpretations from the detailed gravity, magnetics, geochemistry and structural geology.”

Massive Ni-Cu Sulphide from RKDD027 from 168.5m, NQ2

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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TECHNICAL DISCUSSION

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Figure 1: RKDD023, RKDD024, RKDD025, RKDD026, and RKDD027 and DHTEM targets

Diamond Drilling Summary

RKDD027 is part of an infill diamond drill program designed to extend/close off known Ni-Cu mineralisation at the Mawson massive Ni-Cu sulphide discovery (See Figure 1). Additional drilling is required to the east of the western aircore geochemical anomaly based on the current interpretation of Mawson. RKDD027 was targeting the extension of known mineralisation in RKDD017 and was planned for a 20m separation from RKDD017. RKDD027 remained straighter than planned during drilling, resulting in an actual separation of 23.8m at 230m downhole. RKDD027 intersected 26.25m of Ni-Cu sulphide including three zones of massive sulphide totalling 15.45m (162.0-174.9m, 175.6-176.45m, and 231.8-233.5m downhole) and three zones of semimassive and matrix sulphide totalling 10.8m (174.9-175.6m, 188.85-195.2m, and 215.8-219.55m downhole). A disseminated zone was also intersected from 153.7-162.0m downhole (See Table 1, Figure 2, and Appendix 2). RKDD027 confirms that the massive sulphide continues to the west on this section. DHTEM is now scheduled for RKDD027.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Figure 2: Section 6,598,540mN depicting RKDD027 in relation to RKDD017 *Note – this section does not accurately depict the actual 3D hole separation, see plan view (Figure 1) and technical discussion.

Table 1: RKDD027 - Summary drill log from 153.7m to 233.5m of Ni-Cu mineralisation

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Sulphide %
Hole Interval Sulphide Mode Sulphide Type
(Visual Estimate)
Pyrrhotite-chalcopyrite-
RKDD027 153.7 – 162.0m Disseminated 1-5%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 162.0 – 174.9m Massive >80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 174.9 – 175.6m Matrix 20-40%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 175.6 – 176.45m Massive >80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 188.85 – 190.45m Semi-massive >40% to <80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 190.45 – 195.2m Matrix 20-40%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 215.8 – 219.55m Semi-massive >40% to <80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD027 231.8 – 233.5m Massive >80%
pentlandite
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Cautionary Statement: The sulphide percentage is a visual estimate of total sulphide with analytical results pending for drillhole RKDD027.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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RKDD025 was designed to target a very strong 20,000-25,000S DHTEM plate identified above RKDD023. The RKDD025 was designed with a 40m separation from RKDD023. The hole intersected a dominantly gabbronorite and olivine gabbronorite before finishing in metasediments. Narrow zones of massive sulphide were intersected at 217.02m-217.28 and 223.01m-223.31m, a brecciated sulphide zone from 218.6m-219.14m, and a disseminated sulphide zone from 160.0m217.02m. Visual assessment suggests the hole did not intersect the best part of the DHTEM conductor target. DHTEM has since been completed and results confirmed the upper extremity of the original plate was intersected. Subsequent DHTEM data has defined the main conductive plate below and south of RKDD025.

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RKDD025 Massive Ni-Cu Sulphide from 217m, NQ2

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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RKDD025 Disseminated Ni-Cu Sulphide from 170m, NQ2

RKDD026 was a structural hole designed to target the northern vector of the sulphide extension veins logged in the Mawson discovery zone. The hole intersected the interpreted western margin of the Mawson Intrusive Complex, defined by a graphite-rich gabbronorite interleaved with a metasedimentary sequence and norites as well as a pegmatite zone before finishing in a meta-BIF and metapsammite package. The identification of graphite so shallow in the hole further explains the challenges of surface EM as a direct mineralisation targeting tool in this environment.

RKDD024 was designed to test the southern extension of the Mawson Intrusion, including a discrete gravity feature modelled from the processing of the detailed gravity completed across Mawson (See Figure 1). The hole intersected an upper gabbronorite unit with blebby and disseminated Ni-Cu sulphide from 106.4-124.3m, followed by a dominantly norite zone with minor troctolite to 236.1m, before intersecting a mixed norite and meta-BIF package to 275.55m. The remainder of the hole was weakly mineralised norite intrusion with dominantly disseminated plus minor stringer vein Ni-Cu sulphides to 327.6m, finishing in barren norite at 367.2m.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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RKDD024 Disseminated and Blebby Ni-Cu Sulphide from 118m, NQ2

Structural logging of RKDD023, RKDD025, and RKDD026 has allowed for further development of the Mawson geological model, which will result in more focused drill targeting. As previously reported to the ASX on 8 September 2020, the brecciated and melt migration sulphide textures observed in RKDD023, combined with the evidence of limited sulphide extension veining, suggested the mineralised zone intersected is remobilised. Examples of the sulphide textures can be seen below. In addition, a massive Ni-Cu sulphide sample from 230.5m downhole of RKDD023 was analysed by the Bruker M4 TORNADO by Portable Spectral Services. The resulting image clearly identifies the pentlandite (Ni) and chalcopyrite (Cu) sulphides within the sample, as well as the textural relationships between the sulphide species, in line with the structural interpretations.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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M4 Scan of Massive Ni-Cu Sulphide from RKDD023 from 230m, NQ2

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Melt Migration Texture of Massive Ni-Cu Sulphide from RKDD023 from 219m, NQ2

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Melting Texture of Semi-Massive Ni-Cu Sulphide instead of Extension Veins from RKDD023 from 236m, NQ2

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Brecciated Texture of Semi-Massive Ni-Cu Sulphide from RKDD023 from 263m, NQ2

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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The DHTEM contractor has returned to site after a 4 week delay due to the current high volume of outstanding jobs for other clients. DHTEM is currently underway for diamond holes RKDD024 – 027 with results awaited from hole RKDD025. The crews will remain on site at Mawson to complete the DHTEM of the completed diamond and RC drillholes.

RKDD023-026 have been sampled and submitted for assay. Turn-around from the laboratory is currently 5-6 weeks from receival of samples due to the high volume currently being experienced by the laboratory.

RC Drilling Summary

A further 7 RC holes (RKRC028 – RKRC034) have been completed and assays received for 1 hole since the last report on RC drilling activity to the ASX on 8 September 2020 (see Figure 3 and Table 2). RC drillholes RKRC028 through RKRC031 intersected a metasedimentary assemblage of metaBIF and metapelites-psammites and mafic granulites. These holes will now be utilised as DHTEM platforms for off hole targeting. RKRC032 – RKRC034 are currently being logged. RKRC022 intersected a mineralised gabbronorite with disseminated to net-textured sulphide above a metaBIF unit. This is a highly encouraging target given the similarities of the geological setting when compared to the massive sulphide mineralisation of the initial Mawson discovery under the western aircore geochemical anomaly.

Importantly, the RC drilling continues to confirm the Mawson Intrusion extends north and east of the known Mawson Ni-Cu sulphide mineralisation, confirming the prospectivity for mineralised intrusives below the eastern aircore geochemical anomaly. Additionally, the geological information is evolving the Mawson geological model and focusing diamond drill targeting.

DHTEM is planned on completed RC drillholes, with surveys in RKRC020 in progress as at the writing of this report.

	Table 2: Mawson RC- Assay Results	Table 2: Mawson RC- Assay Results	Table 2: Mawson RC- Assay Results	Table 2: Mawson RC- Assay Results	Table 2: Mawson RC- Assay Results
Hole	From	To	Interval	Ni%	Cu%	Co%
RKRC022	58	70	12	0.18	0.08	0.02
RKRC022	124	132	8	0.12	0.07	0.01

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Figure 3: DD and RC Drilling Locations over Mawson Aircore Geology Interpretation

Mawson Future Programmes

• Ongoing diamond and RC drilling.

• Ongoing DHTEM surveying in diamond and RC drillholes.

• Structural logging of completed diamond holes by Jon Standing of Model Earth.

• Report assays from samples as received.

• Integration of diamond, RC and aircore drilling results into the Mawson dataset to assist 3D modelling and future diamond drillhole planning/design.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Figure 4: Rockford Project – Mawson Location

Authorised by Mark Wilson, Managing Director.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Appendix 1 – Drillhole Details

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Appendix 1: Mawson DD and RC Drillhole Details
Hole Type East North RL Azimuth Dip Depth
RKDD023 DD 638,580 6,598,655 202 088 -58.5 399.8
RKDD024 DD 638,555 6,598,480 200 90 -60 367.2
RKDD025 DD 638,583 6,598,655 200 88 -50 297
RKDD026 DD 638,405 6,598,680 200 90 -50 449.9
RKDD027 DD 638,617 6,598,540 200 268 -60 291.4
RKRC021 RC 638,818 6,598,699 199 270 -80 350
RKRC022 RC 639,328 6,598,798 204 270 -80 256
RKRC023 RC 639,430 6,598,800 204 270 -80 310
RKRC024 RC 639,231 6,598,803 201 270 -80 320
RKRC025 RC 639,157 6,598,696 201 270 -80 306
RKRC026 RC 639,131 6,598,700 201 270 -80 320
RKRC027 RC 639,328 6,598,701 204 270 -80 320
RKRC028 RC 638,933 6,598,699 201 90 -80 370
RKRC029 RC 639,031 6,598,696 200 90 -80 320
RKRC030 RC 638,730 6,598,699 200 90 -80 319
RKRC031 RC 638,627 6,598,701 200 90 -80 316
RKRC032 RC 638,530 6,598,700 200 90 -80 313
RKRC033 RC 638,530 6,598,800 200 90 -80 320
RKRC034 RC 638,730 6,598,800 200 90 -80 290
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GDA94 Zone 51.

Appendix 2 – RKDD027 Sulphide Interval 162.0m – 176.45m

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Appendix 3 – Field Logging Guidelines

Legend Field Logging Guidelines

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Sulphide Mode Percentage Range
Disseminated & blebby 1-5%
Heavy Disseminated 5-20%
Matrix 20-40%
Net-Textured 20-40%
Semi-Massive >40% to <80%
Massive >80%
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Cautionary Statement: The sulphide percentage is a visual estimate of total sulphide for drillholes RKDD025 and RKDD027

Competent Person Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Oliver Kiddie, a Member of the Australasian Institute of Mining and Metallurgy and a full-time employee of Legend Mining Limited. Mr Kiddie has sufficient experience that is relevant to the styles of mineralisation and types 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” (JORC Code). Mr Kiddie 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 report that relates to Legend’s Exploration Results is a compilation of previously released to ASX by Legend Mining (8 September 2020) and Mr Oliver Kiddie consents to the inclusion of these Results in this report. Mr Kiddie has advised that this consent remains in place for subsequent releases by Legend of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent. Legend confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters in the market announcements continue to apply and have not materially changed. Legend confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

Forward Looking Statements

This announcement contains “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. These forwardlooking statements are based upon a number of estimates, assumptions and expectations that, while considered to be reasonable by Legend Mining Limited, are inherently subject to significant uncertainties and contingencies, involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Legend Mining Limited and any of its officers, employees, agents or associates.

Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Exploration potential is conceptual in nature, to date there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource. Readers are cautioned not to place undue reliance on forward-looking statements and Legend Mining Limited assumes no obligation to update such information made in this announcement, to reflect the circumstances or events after the date of this announcement.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Visit www.legendmining.com.au for further information and announcements.

For more information contact: Mr Mark Wilson Mr Oliver Kiddie Managing Director Executive Director Ph: +61 8 9212 0600 Ph: +61 8 9212 0600

Appendix 4:

Legend Mining Ltd – Diamond and RC Drilling Programmes- Mawson Prospect JORC Code Edition 2012: Table 1

Section 1: Sampling Techniques and Data

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Criteria JORC Code Explanation Commentary
Sampling techniques • Nature and quality of sampling DD Drilling
(e.g. cut channels, random  No sampling has been undertaken
chips, or specific specialised
industry standard measurement RC Drilling
tools appropriate to the minerals  RC drilling was undertaken along E-W
under investigation, such as traverses with holes nominally spaced
down hole gamma sondes, or 100-150m apart testing geochemical,
handheld XRF instruments, geological, and gravity targets.
etc.). These examples should  Each metre drilled was collected in a
not be taken as limiting the green plastic bag (20-30kg) with a 1m
broad meaning of sampling. representative sample (2-3kg) also
• Include reference to measures collected via a rig mounted cone
taken to ensure sample splitter.
representivity and the  The transported cover in each hole
appropriate calibration of any was not sampled.
measurement tools or systems  The residual and fresh portion of each
used. drillhole was sampled as 4m
composites to the end of hole. Where
• Aspects of the determination of
mineralisation that are Material significant sulphides were observed,
1m samples were taken.
to the Public Report. In cases
where ‘industry standard’ work
Samples (RC)
has been done this would be
 All samples weighed 2-3kg.
relatively simple (e.g. ‘reverse  QAQC standards and duplicate
circulation drilling was used to samples were included routinely
obtain 1 m samples from which (approximately 1 each every 50
3 kg was pulverised to produce samples).
a 30 g charge for fire assay’). In  Au was analysed by fire assay with an
other cases more explanation ICP-OES finish. A four acid digest
may be required, such as where with ICP-MS finish was used for a
multi-element suite including: Ag, Al,
there is coarse gold that has
As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr,
inherent sampling problems.
Cs, Cu, Dy, Er, Eu, Fe, Ga, Gd, Ge,
Unusual commodities or
Hf, Ho, In, K, La, Li, Lu, Mg, Mn, Mo,
mineralisation types (e.g.
Na, Nb, Nd, Ni, P, Pb, Pr, Rb, Re, S,
submarine nodules) may Sb, Sc, Se, Sm, Sn, Sr, Ta, Tb, Te,
warrant disclosure of detailed Th, Ti, Tl, Tm, U, V, W, Y, Yb, Zn, Zr.
information.
Drilling techniques • Drill type (e.g. core, reverse  Diamond drillholes RKDD024, 025,
circulation, open-hole hammer, 026, 027 were pre-collared using the
rotary air blast, auger, Bangka, mud rotary technique to refusal/fresh
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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Criteria JORC Code Explanation Commentary
sonic, etc.) and details (e.g. rock
core diameter, triple or standard  No samples were recovered from the
tube, depth of diamond tails, mud rotary pre-collar
face-sampling bit or other type,  The remainder of the hole was
whether core is oriented and if diamond drilled with NQ2 to end of
so, by what method, etc.). hole.
 Orlando Drilling completed the DD
drilling.
 RC drilling utilised a face sampling
5.5 inch bit and was completed by
Orlando Drilling.
Drill sample recovery • Method of recording and  Drill core sample recoveries from the
assessing core and chip sample NQ2 were measured and recorded in
recoveries and results the drill log sheets.
 Drill core orientation was recorded
assessed.
when possible at the end of each drill
• Measures taken to maximise
run (line on bottom of core).
sample recovery and ensure  No sampling of DD core has been
representative nature of the undertaken.
samples.  No relationship has been determined
between sample recoveries and
• Whether a relationship exists
grade and there is insufficient data to
between sample recovery and
determine if there is a sample bias.
grade and whether sample bias
may have occurred due to  Sample recoveries are visually
estimated for each metre by the
preferential loss/gain of
fine/coarse material. supervising rig geologist with poor or
wet samples recorded in drill and
sample log sheets.
 The sample cyclone is routinely
cleaned at the end of each rod and
when deemed necessary.
Logging • Whether core and chip samples  Geological logging of diamond and
have been geologically and RC drillholes included; lithology,
geotechnically logged to a level grainsize, texture, structure,
of detail to support appropriate deformation, mineralisation, alteration,
Mineral Resource estimation, veining, colour, weathering.
mining studies and metallurgical  Drill core logging is qualitative and
studies. based on drill core retained in the
core trays.
• Whether logging is qualitative or
 The drillholes were logged in their
quantitative in nature. Core (or
entirety.
costean, channel, etc.)
photography.
• The total length and percentage
of the relevant intersections
logged.
Sub-sampling • If core, whether cut or sawn and DD Drilling
techniques and sample whether quarter, half or all core  No sampling has been undertaken.
preparation taken.
RC Drilling
• If non-core, whether riffled, tube  4m composite samples were collected
sampled, rotary split, etc. and
using a PVC spear (2-3kg).
whether sampled wet or dry.  1m samples comprised 1m rig splits
taken directly from the rig mounted
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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Criteria JORC Code Explanation Commentary
• For all sample types, the nature, cone splitter.
quality and appropriateness of
Samples (RC)
the sample preparation
technique.  Both wet and dry samples were
collected.
• Quality control procedures
 The samples are dried and pulverised
adopted for all sub-sampling
before analysis.
stages to maximise
 QAQC reference samples and
representivity of samples.
duplicates were routinely submitted
• Measures taken to ensure that
with each sample batch.
the sampling is representative of  The size of the sample is considered
the in situ material collected,
appropriate for the mineralisation style
including for instance results for
sought and for the analytical
field duplicate/second-half
technique used.
sampling.
• Whether sample sizes are
appropriate to the grain size of
the material being sampled.
Quality of assay data • The nature, quality and  No sampling has been undertaken for
and laboratory tests appropriateness of the assaying the diamond drill core.
and laboratory procedures used  All RC drill samples were analysed for
and whether the technique is Au by 50g fire assay with an ICP-OES
considered partial or total. finish, and for a multi-element suite by
ICP-MS following a four acid digest.
• For geophysical tools,
These assay methods are considered
spectrometers, handheld XRF
appropriate.
instruments, etc., the
 QAQC standards and duplicate
parameters used in determining
samples were included routinely
the analysis including
instrument make and model, (approximately 1 each every 50
samples). In addition reliance is
reading times, calibrations
factors applied and their placed on laboratory procedures and
derivation, etc. internal laboratory batch standards
and blanks.
• Nature of quality control
 All samples were analysed by Intertek
procedures adopted (e.g.
Genalysis Laboratory Services Perth
standards, blanks, duplicates,
using methods; FA50/OE04 (Au),
external laboratory checks) and
4A/MS48 (multi-elements) and
whether acceptable levels of
4A/MS48R (REE extended suite).
accuracy (i.e. lack of bias) and
precision have been
established.
Verification of • The verification of significant  Significant intersections were verified
sampling and assaying intersections by either by senior exploration personnel.
independent or alternative  Primary data was collected in the field
company personnel. using a set of standard logging
• The use of twinned holes. templates and entered into a laptop
computer.
• Documentation of primary data,  The data was forwarded to Legend’s
data entry procedures, data
database manager for validation and
verification, data storage loading into the company’s drilling
(physical and electronic) database.
protocols.  No adjustments of assay results have
been undertaken.
• Discuss any adjustment to
 No sampling of the diamond drill core
assay data.
has been undertaken
Location of data points • Accuracy and quality of surveys  The drillhole collar was surveyed with
used to locate drill holes (collar a handheld GPS unit with an accuracy
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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Criteria JORC Code Explanation Commentary
and down-hole surveys), of ±5m which is considered
trenches, mine workings and sufficiently accurate for the purpose of
other locations used in Mineral the drillhole.
Resource estimation.  All co-ordinates are expressed in
• Specification of the grid system GDA94 datum, Zone 51.
used.  Regional topographic control has an
accuracy of ±2m based on detailed
• Quality and adequacy of DTM data.
topographic control.
Data spacing and • Data spacing for reporting of DD Drilling
distribution Exploration Results.  No regular drillhole spacing has been
set with individual holes designed to
• Whether the data spacing and
intersect specific targets.
distribution is sufficient to
 Diamond drillhole RKDD027 was
establish the degree of
targeting an off hole DHTEM
geological and grade continuity
conductor identified in Diamond
appropriate for the Mineral
drillhole RKDD017.
Resource and Ore Reserve
estimation procedure(s) and
RC Drilling
classifications applied.  RC drilling was at a nominal 100-
• Whether sample compositing 150m spacing along E-W traverses.
has been applied.  Drillholes are sampled in the residual
and fresh portions of the profile only
as 4m composites, with detailed 1m
sampling of sulphide bearing
intervals.
Orientation of data in • Whether the orientation of  Diamond drillhole RKDD027 was
relation to geological sampling achieves unbiased planned to intersect a DHTEM target
structure sampling of possible structures perpendicular to dip.
and the extent to which this is  The relationship between drill
known, considering the deposit orientation and mineralisation is
type. unknown.
• If the relationship between the
drilling orientation and the
orientation of key mineralised
structures is considered to have
introduced a sampling bias, this
should be assessed and
reported if material.
Sample security • The measures taken to ensure  Individual calico sample bags from the
sample security. RC drilling were placed in polyweave
bags and hand delivered directly to
the assay laboratory in Kalgoorlie by
company personnel.
 No sampling has been undertaken for
the DD drilling.
Audits or reviews • The results of any audits or  Internal audits/reviews of procedures
reviews of sampling techniques are ongoing, however no external
reviews have been undertaken.
and data.
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Section 2: Reporting of Exploration Results

Section2:Reporting of	ExplorationResults
Criteria	JORC Code Explanation	Commentary
Mineral tenement and land tenure status	• Type, reference name/number, location and ownership	The Rockford Project comprises nine granted exploration licences,covering

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Criteria	JORC Code Explanation	Commentary
	including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	2,430km2, (Legend manager). Rockford JV tenements: E28/2188, 2189, 2192 (70% Legend, 30% Rockford Minerals Pty Ltd) E28/1716, 1717, 1718, 1727 (70% Legend, 30% Ponton Minerals Pty Ltd). Legend 100%: E28/2404, 2405. The Project is located 280km east of Kalgoorlie mostly on vacant crown land with the eastern portion on Kanandah Pastoral Station. There are no Native Title Claims over tenements E28/1716, 1717, 2192, 2405. Tenements E28/2188, and E28/2189 are covered 20% and 85% respectively by the Untiri Pulka Native Title Claim. Tenements E28/1718, E28/1727 & E28/2404 are covered 90%, 20% and 100% respectively by the Ngadju Native Title Claim. The tenements are in good standing and there arenoknown impediments.
Exploration done by other parties	• Acknowledgment and appraisal of exploration by otherparties.	Not applicable, not referred to.
Geology	• Deposit type, geological setting and style of mineralisation.	The primary target is Nova style nickel-copper mineralisation hosted in mafic/ultramafic intrusives within the Fraser Zone of the larger Albany- Fraser Orogen. Secondary targets include VMS style zinc-copper-lead-silver mineralisation and structurally controlled Tropicana style gold.
Drill hole Information	• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: • easting and northing of the drill hole collar • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar • dip and azimuth of the hole • down hole length and interception depth • hole length. • If the exclusion of this information is justified on the	Refer to Appendix 1 of drillhole collars.

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basis that the information is not
Material and this exclusion
does not detract from the
understanding of the report, the
Competent Person should
clearly explain why this is the
case.
Data aggregation • In reporting Exploration  Weighted averages are presented.
methods Results, weighting averaging  No sampling has been undertaken for
techniques, maximum and/or the DD drilling.
minimum grade truncations
(e.g. cutting of high grades)
and cut-off grades are usually
Material and should be stated.
• Where aggregate intercepts
incorporate short lengths of
high grade results and longer
lengths of low grade results, the
procedure used for such
aggregation should be stated
and some typical examples of
such aggregations should be
shown in detail.
• The assumptions used for any
reporting of metal equivalent
values should be clearly stated.
Relationship between • These relationships are  Drillhole intercepts/intervals are
mineralisation widths particularly important in the measured downhole in metres.
and intercept lengths reporting of Exploration Results.  The drill core has been oriented to
enable structural logging and
• If the geometry of the evaluation of true thickness of the
mineralisation with respect to mineralised intervals.
the drill hole angle is known, its
nature should be reported.
• If it is not known and only the
down hole lengths are reported,
there should be a clear
statement to this effect (e.g.
‘down hole length, true width
not known’).
Diagrams • Appropriate maps and sections  Project and drillhole location maps
(with scales) and tabulations of have been included in the body of the
intercepts should be included report.
for any significant discovery
being reported. These should
include, but not be limited to a
plan view of drill hole collar
locations and appropriate
sectional views.
Balanced reporting • Where comprehensive  Assay results presented are
reporting of all Exploration balanced.
Results is not practicable,  No sampling has been undertaken for
representative reporting of both the DD drilling, however photographs
low and high grades and/or of the massive and semi-massive
widths should be practiced to sulphide intervals are provided in
avoid misleading reporting of Appendix 2.
Exploration Results.
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Other substantive exploration data	• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	Detailed high quality aeromagnetic and gravity datasets along with previous aircore drilling has been used to target drilling. GEM Geophysics previously completed downhole EM surveying of RKDD017 which assisted with the targeting of RKDD027. DHTEM Details Loop Size: 300m x 300m, double turn Station Spacing: 2-10m intervals Sensor: B-field DigiAtlantis Base/frequency: 0.125Hz Stacking: ~32-64 stacks, 2-3 repeatable readings
Further work	• The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step- out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	Submit selected drill core from RKDD024, 025, 026, 027 for full analysis. Assessment of geochemical results. Full integration of geological, geophysical, and geochemical data. Plan further diamond drillholes. Continue RC drilling programme at Mawson testing geochemical and geophysical targets. Ongoing assessment of RC and aircore drilling and geochemical results to assist further RC and diamond drillhole design.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia