LEGEND MINING LIMITED — Capital/Financing Update 2020

Sep 7, 2020

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ASX:LEG

8 September 2020 ASX Announcement

• 12.95m of Massive Nickel-Copper sulphides in diamond hole RKDD023 within a +90m intercept of sulphide mineralisation at Mawson

• RKDD023 intersects a +90m mineralised zone of Ni-Cu sulphide including:

• 12.95m massive sulphide

• 7.55m semi-massive sulphide

• multiple zones of net-textured, matrix, and heavy disseminated sulphide

Legend Mining Limited (Legend) is pleased to provide an update from diamond drillhole RKDD023, which was designed to test the 25,000-30,000S conductor at the Mawson Prospect within the Rockford Project, Fraser Range, Western Australia (see ASX announcement 27 August 2020). The details are discussed in the body of this report, along with an update of the ongoing RC drilling programme.

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Legend Managing Director Mr Mark Wilson said: “The discovery of another 12.95m of massive nickelcopper sulphide in diamond drillhole 23, circa 200m from the previously announced massive sulphides, is a quantum boost for the potential of the Mawson Prospect. The nature of the mineralisation suggests we are closer to the intrusive source but we are not there yet. Downhole EM from this hole, which is now underway, is designed to provide data to assist in planning future diamond holes in this immediate vicinity.

“Importantly, the RC drilling confirms the Mawson intrusive complex extends north and east of the known Mawson nickel-copper sulphide mineralisation, confirming the prospectivity for mineralised intrusives below the eastern aircore geochemical anomaly. The RC holes are also a great platform for downhole EM.”

Massive Ni-Cu Sulphide from RKDD023 from 233m, NQ2

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

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TECHNICAL DISCUSSION

RKDD023 Summary

Diamond drillhole RKDD023 was designed to test a very strong 25,000-30,000S offhole conductor identified from diamond drillhole RKDD021 (see Figure 1 & Appendix 1). The hole intersected a wide zone of Ni-Cu mineralisation over 90m in width downhole from 216.45m to 310.4m in an interleaved intrusive and metasedimentary assemblage, before finishing in metasedimentary package. The host intrusive is a mixture of olivine gabbronorite and gabbronorite, with massive, semi-massive, net textured, matrix, heavy disseminated, disseminated, and blebby Ni-Cu sulphides throughout. The massive Ni-Cu sulphide accumulations from 221.9-223.75m, 228.7-236.9m, and 237.8-240.7m downhole occur within the interleaved metasedimentary units, with distinctive brecciated margins, indicating sulphide mobilisation (see Table 1). This textural observation, combined with the evidence of limited sulphide extension veining, suggested the mineralised zone intersected is remobilised and proximal to the intrusive source.

DHTEM is to be completed in RKDD023 to provide additional vectoring of the significant Ni-Cu mineralisation across the +90m mineralised zone.

Structural logging of RKDD023 will be undertaken before being sampled and submitted for assay.

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Figure 1: RKDD021, RKDD023, and DHTEM targets

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

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Table 1: RKDD023 - Summary drill log from 216.45m to 310.4m of Ni-Cu mineralisation

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Sulphide %
Hole Interval Sulphide Mode Sulphide Type
(Visual Estimate)
Pyrrhotite-chalcopyrite- 1-5%
RKDD023 216.45 – 219.2m [Heavy disseminated, ]
Massive pentlandite >80%
Vein, Stringer, Semi- Pyrrhotite-chalcopyrite- 1-5%
RKDD023 219.2 – 221.9m
massive pentlandite >40% to <80%
Pyrrhotite-chalcopyrite-
RKDD023 221.9 – 223.75m Massive Sulphide >80%
pentlandite
Semi-massive, >40% to <80%
Pyrrhotite-chalcopyrite-
RKDD023 223.75 – 228.7m Matrix, Heavy 20-40%
Disseminated pentlandite 5-20%
Pyrrhotite-chalcopyrite-
RKDD023 228.7 – 236.9m Massive Sulphide >80%
pentlandite
236.9 – 237.8m Heavy disseminated, Pyrrhotite-chalcopyrite- 5-20%
RKDD023
Semi-massive pentlandite >40% to <80%
237.8 – 240.7m Pyrrhotite-chalcopyrite-
RKDD023 Massive Sulphide >80%
pentlandite
Heavy disseminated, 5-20%
Pyrrhotite-chalcopyrite-
RKDD023 240.7 – 243.95m Semi-massive, >40% to <80%
Disseminated pentlandite 1-5%
Heavy
Pyrrhotite-chalcopyrite- 5-20%
RKDD023 243.95 – 247.3m Disseminated, Net-
pentlandite 20-40%
textured
Heavy 5-20%
Pyrrhotite-chalcopyrite-
RKDD023 251.8 – 257.05m Disseminated, Net- 20-40%
textured, Massive pentlandite >80%
Pyrrhotite-chalcopyrite- 1-5%
RKDD023 257.05 – 263.1m [Disseminated, ]
Blebby, Matrix pentlandite 20-40%
>40% to <80%
Semi-massive,
Pyrrhotite-chalcopyrite- >80%
RKDD023 263.1 – 267.2m Massive, Matrix,
pentlandite 20-40%
Heavy Disseminated 5-20%
Disseminated, Net- Pyrrhotite-chalcopyrite- 1-5%
RKDD023 271.2 – 275.1m
textured pentlandite 20-40%
281.4 – 284.0m Semi-massive, Pyrrhotite-chalcopyrite- >40% to <80%
RKDD023
Massive pentlandite >80%
Disseminated, Pyrrhotite-chalcopyrite-
RKDD023 284.0 – 305.7m 1-5%
Blebby pentlandite
Pyrrhotite-chalcopyrite-
RKDD023 305.7 – 310.4m Disseminated 1-5%
pentlandite
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Cautionary Statement: The sulphide percentage is a visual estimate of total sulphide with analytical results pending for drillhole RKDD023.

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

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RC Drilling Summary

A further 10 RC holes (RKRC018 – RKRC027) have been completed and assays received for 6 RC holes (RKRC015 – RKRC020) since the last report on RC drilling activity to the ASX on 28 July 2020 (see Figure 2). RC drillholes RKRC015 through RKRC020 intersected a highly prospective package of mafic and ultramafic intrusives above a metasedimentary and mafic granulite package. High MgO ultramafic, gabbronorite, and olivine gabbronorite intrusives contained variable mineralisation, dominantly trace to disseminated, with minor net-textured sulphide (see Figure 2 and Table 2).

Importantly, the RC drilling confirms the Mawson intrusive complex extends north and east of the Mawson Ni-Cu sulphide mineralisation, confirming the prospectivity for mineralised intrusives below the eastern aircore geochemical anomaly.

DHTEM is currently being undertaken on all completed RC drillholes.

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Figure 2: DD and RC Drilling Locations over Gravity Image

Table 2: Mawson RC - Assay Results

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Hole From To Interval Ni% Cu% Co%
RKRC015 53 62 9 0.20 0.07 0.04
RKRC015 124 128 4 0.10 0.07 0.01
RKRC016 61 110 49 0.22 0.08 0.02
Incl. 62 80 18 0.42 0.14 0.04
RKRC018 90 128 38 0.17 0.10 0.02
RKRC018 154 164 10 0.12 0.08 0.01
RKRC019 58 107 49 0.13 0.10 0.01
RKRC020 60 127 67 0.20 0.11 0.02
Incl. 62 73 11 0.40 0.18 0.05
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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Mawson Future Programmes

• Ongoing diamond, RC and aircore 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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Figure 3: 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
RKRC015 RC 639,072 6,598,600 203 272 -76 315
RKRC016 RC 639,224 6,598,601 205 274 -81 320
RKRC017 RC 639,374 6,598,602 206 275 -80 316
RKRC018 RC 639,230 6,598,650 205 263 -80 320
RKRC019 RC 639,232 6,598,749 208 276 -80 332
RKRC020 RC 639,228 6,598,701 207 272 -80 310
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GDA94 Zone 51.

Appendix 2 – RKDD023 Sulphide Interval 216.45m – 243.95m

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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 RKRC015 - RKRC020 and RKDD023

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

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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 (27 August 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.

COVID-19

The Company has been proactively managing the potential impact of COVID-19 and has developed systems and policies to ensure the health and safety of our employees and contractors, and limiting the risk to our operations. These systems and policies have been developed in line with the formal guidance of State and Federal health authorities and with the assistance of our contractors.

To ensure the health and wellbeing of our employees and contractors, the Company has implemented a range of measures to minimise the risk of infection and rate of transmission of COVID-19. These measures include employees and contractors completing a COVID-19 Exposure Questionnaire, increased hygiene practices, restrictions on non-essential travel, establishing strong infection control systems and protocols across the business and facilitating remote working arrangements, where practicable. The Company will continue to monitor the formal requirements and guidance of State and Federal health authorities, and act accordingly.

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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 drillhole RKDD023 was pre-
circulation, open-hole hammer, collared using the mud rotary
rotary air blast, auger, Bangka, technique to 92.5m
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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.  No samples were recovered from the
core diameter, triple or standard mud rotary pre-collar
tube, depth of diamond tails,  The remainder of the hole was
face-sampling bit or other type, diamond drilled with NQ2 to end of
whether core is oriented and if hole.
so, by what method, etc.).  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
have been geologically and drillhole and RC drillholes included;
geotechnically logged to a level lithology, 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
• For all sample types, the nature, taken directly from the rig mounted
quality and appropriateness of cone splitter.
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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
the sample preparation
technique. Samples (RC)
• Quality control procedures  Both wet and dry samples were
adopted for all sub-sampling collected.
stages to maximise  The samples are dried and pulverised
representivity of samples. before analysis.
• Measures taken to ensure that  QAQC reference samples and
duplicates were routinely submitted
the sampling is representative of
with each sample batch.
the in situ material collected,
 The size of the sample is considered
including for instance results for
appropriate for the mineralisation style
field duplicate/second-half
sought and for the analytical
sampling.
technique used.
• 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
and down-hole surveys), of ±5m which is considered
trenches, mine workings and sufficiently accurate for the purpose of
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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
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
• Whether the data spacing and
designed to intersect specific
distribution is sufficient to
targets.
establish the degree of  Diamond drillhole RKDD023 was
geological and grade continuity
targeting an off hole DHTEM
appropriate for the Mineral
conductor identified in Diamond
Resource and Ore Reserve
drillhole RKDD021.
estimation procedure(s) and
classifications applied.
RC Drilling
• Whether sample compositing  RC drilling was at a nominal 100-
has been applied. 150m spacing along E-W traverses.
 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 RKDD023 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
and data. reviews have been undertaken.
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Section 2: Reporting of Exploration Results

Criteria	JORC Code Explanation	Commentary
Mineral tenement and land tenure status	• Type, reference name/number, location and ownership _including agreements or _	The Rockford Project comprises nine granted exploration licences, covering 2,430km2, (Legend manager).

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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
	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.	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, 2188, 2189, 2192, 2405. 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 are no known 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 basis that the information is not Material and this exclusion does not detract from the	Refer to Appendix 1 of drillhole collars

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

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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.
Other substantive • Other exploration data, if  Detailed high quality aeromagnetic
exploration data meaningful and material, and gravity datasets along with
should be reported including previous aircore drilling has been
(but not limited to): geological used to target drilling.
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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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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.

• GEM Geophysics previously completed downhole EM surveying of RKDD021 which assisted with the targeting of RKDD023.

• 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

• Submit selected drill core from Submit selected drill core from RKDD023 for full analysis.

• Further work • The nature and scale of Submit selected drill core from Submit selected drill core from planned further work (e.g. tests RKDD023 for full analysis. for lateral extensions or depth  Assessment of geochemical results. Assessment of geochemical results. extensions or large-scale step-  Full integration of geological, Full integration of geological, out drilling). geophysical, and geochemical data.

• • Diagrams clearly highlighting  Plan further diamond drillholes. Plan further diamond drillholes. the areas of possible  Continue RC drilling programme at Continue RC drilling programme at extensions, including the main Mawson testing geochemical and geological interpretations and geophysical targets. future drilling areas, provided  Ongoing assessment of RC and this information is not aircore drilling and geochemical commercially sensitive. results to assist further RC and diamond drillhole design.

• Assessment of geochemical results. Assessment of geochemical results.  Full integration of geological, Full integration of geological, geophysical, and geochemical data.

•  Plan further diamond drillholes. Plan further diamond drillholes.  Continue RC drilling programme at Continue RC drilling programme at Mawson testing geochemical and geophysical targets.

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