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LEGEND MINING LIMITED Capital/Financing Update 2021

Nov 17, 2021

65223_rns_2021-11-17_1ec788bc-e727-4382-a993-c195a645fc5c.pdf

Capital/Financing Update

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ASX Announcement

ASX:LEG

18 November 2021

Mawson Diamond Drilling Update

  • Mawson intrusion extended to north east

  • Comprehensive geology, geochemistry and EM datasets to assist interpretation of seismic survey

  • Diamond rig demobilised to enable seismic survey, aircore rig on last programme for 2021

Legend Mining Limited (Legend) is pleased to report geology, DHTEM and assay results from the latest diamond drillholes at its flagship Mawson nickel-copper-cobalt prospect within the Rockford Project, Fraser Range, Western Australia (see Figure 6). Comprehensive details are contained in the body of this report.

Legend Managing Director Mr Mark Wilson said: “The data we have gathered at Mawson throughout this year has been comprehensive and greatly increased our knowledge of the intrusion. The intrusion has been extended from circa 400m strike this time last year to 1600m where it now stands.

“Our expectation is that this data will greatly assist the interpretation of the current seismic survey especially deeper than 500m below the surface. The current interpretation is there is a “keel” to the intrusion which extends below 500m and the seismic survey has been designed to see plus 1000m. We are looking forward to the results of the seismic with the anticipation that it will be a guide for diamond drilling next field season.”

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Photo: Diamond drilling at Mawson

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TECHNICAL DISCUSSION

Below is a technical summary of the geology, DHTEM and assays received from the diamond drilling completed at the Mawson Ni-Cu-Co prospect since the ASX Announcement 26 August 2021 . A total of nine further diamond drillholes have been completed (RKDD061 and RKDD073RKDD080) (see Figure 1).

Systematic step-out diamond drilling continues to grow the Mawson intrusion to the north-east, intersecting mineralised intrusion as well as defining the architecture of the Mawson intrusion in relation to the country rock. The evolving understanding of the Mawson structural architecture has resulted in the potential identification of trap sites for massive Ni-Cu sulphide accumulations in this north-east zone. The 3D model driving predictive exploration at Mawson continues to evolve with new data and continues to be very accurate as a predictive tool for targeting interpreted fertile intrusion. The updated 3D constrained gravity model at this stage appears to have a high correlation for mineralised intrusion. To date, the mineralised intrusive footprint at Mawson extends over 1.6km in strike length. The northern most drill section completed suggests intersection of a new intrusion adjacent to the Mawson intrusion. Future diamond drilling planning at Mawson will focus on continued definition of these mineralised intrusive bodies at depths below 500m based on the interpretation of the seismic data, which is currently under acquisition ( see ASX Announcement 8 November 2021 ). Geological, structural, and geochemical datasets will be combined with seismic, gravity, magnetic, and DHTEM datasets to design our 2022 diamond drill programme to test targets for massive Ni-Cu sulphide accumulation.

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Figure 1: Diamond drillhole locations, defined chonolith model, and constrained gravity model projected to surface over aeromagnetics

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Section 6,599,400mN

Diamond drillholes RKDD074-RKDD076 have been completed on this section, continuing to follow the interpreted mineralised chonolith to the west of RKDD062 (see Figure 1 and Figure 2).

RKDD074 intersected thin meta-BIF, sulphidic pelite and semi-pelite package from 51.9m downhole before intersecting a 230m thick intrusion, dominantly olivine gabbronorite and olivine norite, before entering a norite and biotite norite assemblage top at 299.6m. Dominantly disseminated and blebby Ni-Cu sulphide mineralisation was encountered across two zones, an upper zone and a lower zone, above and below the ultramafic core of this thickened intrusive package (see Photo 1). The drillholes then intersected a meta-conglomerate with minor psammite and meta-BIF before finishing in a graphitic pelite, pelite and psammite package at 442.9m.

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Photo 1: Ni-Cu sulphide mineralisation from RKDD074 from 276-279m

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RKDD075 is the westernmost drillhole on section 6,599,400m, marking the westernmost mineralised chonolith intersection on this section. The section remains open to the west, east and north.

The drillhole intersected a disseminated and blebby Ni-Cu sulphide bearing biotite norite intrusive to 106.6m downhole before entering a carbonate-rich and meta-BIF dominated metasedimentary package to 134.1m. The drillhole intersected a second sulphide bearing biotite norite intrusive to 151.3m, including a narrow zone of semi-massive Ni-Cu sulphide at 141m (see Photo 2), before finishing in a thick meta-BIF package with minor granitoid dykes to 457.1m bottom of hole.

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Photo 2: Semi-massive Ni-Cu sulphide mineralisation from RKDD075 from 141m

RKDD076 drilled 200m east of RKDD074 encountered an increased thickness of chonolith with disseminated and blebby Ni-Cu sulphide mineralisation encountered across multiple zones through this thickened intrusive package (see Photo 3). The intrusion varied from olivine norite through olivine gabbronorite, and lesser biotite norite and gabbronorite to 329.4m downhole. The drillhole finished in a sequence of psammite, meta-conglomerate, and semi-pelite with extensive granitic intrusives to bottom of hole 441.5m.

DHTEM was completed on all three drillholes (see Table 1). DHTEM targets will be ranked for testing post receival of assay and seismic data.

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Photo 3: Ni-Cu sulphide mineralisation from RKDD076 from 310-312m

Section 6,600,000mN

Four diamond drillholes (RKDD077-080) have been completed on section 6,600,000mN, representing a 400m step out from the previous section to the south (see Figure 1 and Figure 4).

All four drillholes intersected thickened recrystallised and primary mafic intrusive assemblages, dominantly norite and biotite norite, with minor anorthosite zones, interleaved with metasedimentary and orthogneisses with a large amount of granitic intrusive. Minor disseminated Ni-Cu sulphide was encountered in RKDD078 in a gabbronorite host at 228m.

Early interpretation of the geology encountered in RKDD077-080 suggests we have encountered a new mafic intrusion, different to the Mawson intrusion. Geochemical and petrological analysis will be required to confirm this interpretation. Assay results and petrology reporting are pending at the time of writing.

DHTEM was completed on all four drillholes (see Table 1). DHTEM targets will be ranked for testing post receival of assay and seismic data.

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DHTEM

Modelled DHTEM conductors from all completed diamond drillholes are shown below in Table 1.

Table 1: Modelled DHTEM Conductor Parameters Table 1: Modelled DHTEM Conductor Parameters Table 1: Modelled DHTEM Conductor Parameters Table 1: Modelled DHTEM Conductor Parameters Table 1: Modelled DHTEM Conductor Parameters
Conductor Conductance Dimensions Plate Orientation
Depth Downhole
Plate Dip
RKDD061
(offhole)
~2,000-4,000S 1000m x 1000m
SW
~1100m downhole 500
RKDD073
(in hole/offhole)
~1,000-1,500S 150m x 150m NW ~190m downhole 800
RKDD073
(offhole)
~3,000-5,000S 125m x 200m NW ~320m downhole 850
RKDD073
(offhole)
~3,000-5,000S 125m x 200m SW ~320m downhole Subvertical
RKDD073
(offhole)
~10,000-20,000S+ 800m x 800m SE ~510m downhole 450
RKDD074
(in hole/offhole)
~2,500-3,500S 15m x 15m NW ~315m downhole 750
RKDD074
(offhole)
~2,000-4,000S 1500m x 1500m
S
~500m downhole 750
RKDD075
(offhole)
~1,000-1,500S 1000m x 1000m
SE
~455m downhole 600
RKDD076
(offhole)
~1,500-3,500S 1000m x 1000m
SE
~260m downhole 500
RKDD077
(offhole)
~5,000-7,000S 500m x 2000m WSW ~520m downhole 300
RKDD078
(offhole)
~4,000-8,000S 1000m x 2000m
WSW
~630m downhole 350
RKDD079
(offhole)
~6,000-8,000S 1500m x 1500m
NW
~640m downhole 500
RKDD080
(offhole)
~4,000-7,000S 1000m x 1000m
SE
~200m downhole Subvertical
RKDD080
(offhole)
~2,500-3,500S 75m x 150m SE ~145m downhole 800
RKDD080
(offhole)
~6,000-7,000S 25m x 10m SE ~190m downhole 800

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Assays

Assay results from diamond drillholes RKDD061-072 have now been received (see Figure 1, Figure 3, and Table 2). Elevated Ni-Cu values were also returned from a number of drillholes associated with disseminated sulphides in mafic and ultramafic intrusive, as expected.

The assay results from RKDD071 support the visual identification that where the mineralised Mawson chonolith thins and focuses, Ni-Cu sulphide accumulations become more prevalent (see Photo 4).

Table 2: Diamond Drillhole Assays >0.1% Ni

Table 2: Diamond Drillhole Assays >0.1% Ni Table 2: Diamond Drillhole Assays >0.1% Ni Table 2: Diamond Drillhole Assays >0.1% Ni Table 2: Diamond Drillhole Assays >0.1% Ni Table 2: Diamond Drillhole Assays >0.1% Ni Table 2: Diamond Drillhole Assays >0.1% Ni Table 2: Diamond Drillhole Assays >0.1% Ni
Hole From To Int Ni% Cu% Co%
RKDD065 298 299 1 0.18 0.12 0.01
RKDD065 304 306 2 0.14 0.13 0.01
RKDD065 314 319 5 0.16 0.15 0.01
RKDD065 323 324 1 0.14 0.12 0.01
RKDD065 339 340 1 0.11 0.09 0.01
RKDD071 99 100 1 0.11 0.13 0.01
RKDD071 167 168 1 0.10 0.08 0.01
RKDD071 170 207.18 37.18 0.15 0.12 0.02
RKDD071 177 205 28 0.17 0.14 0.02
RKDD071 182 196 14 0.20 0.18 0.02

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Photo 4: Ni-Cu sulphide mineralisation from RKDD71 from 201m

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Figure 2: Drill section 6,599,400mN looking north

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Figure 3: Drill section 6,599,600mN looking north

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Figure 4: Drill section 6,600,000mN looking north

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Aircore Programme

Aircore drilling contractor Drillpower Pty Ltd has completed 37 drillholes across the Mawson Intrusive Complex for 3,038m, primarily testing for fertile Ni-Cu intrusions. Results from this programme will be reported once received.

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Figure 5: Mawson Intrusive Complex Proposed Aircore Drilling

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Mawson Future Programmes

  • Seismic survey across 3km x 1.5km area underway.

  • Aircore drilling across interpreted mafic-ultramafic intrusions within the greater 16km x 6km Mawson Intrusive Complex.

  • Integration of geological, structural, geochemical, gravity, magnetic, and seismic datasets to evolve 3D emplacement model of the Mawson chonolith and rank generated Ni-Cu sulphide targets.

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Figure 6: Rockford Project – Mawson Location

Authorised by Mark Wilson, Managing Director.

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Appendix 1 – Mawson Diamond Drillhole Details

Hole MGA20-East MGA20-North RL Azimuth Dip Total Depth(m)
RKDD035 638735 6598300 203 270 -60 382.6
RKDD036 638634 6598300 202 270 -60 362.9
RKDD037 639301 6599005 204 90 -60 513.2
RKDD038 639300 6598400 204 90 -60 454.1
RKDD039 639500 6599000 205 90 -60 445.4
RKDD040 639700 6599000 204 90 -60 372.1
RKDD041 639100 6598400 205 90 -60 486.4
RKDD042 639900 6599000 204 90 -60 333.1
RKDD043 638900 6598400 202 90 -60 393.3
RKDD044 639900 6599200 205 90 -60 519.3
RKDD045 639100 6598200 205 270 -60 189.1
RKDD046 639700 6599194 204 90 -60 576.9
RKDD047 638898 6598208 205 270 -60 297.3
RKDD048 638755 6598205 202 270 -60 141.3
RKDD049 639498 6599194 205 90 -60 510.3
RKDD050 638700 6598399 202 90 -60 426.25
RKDD051 639300 6599200 201 90 -60 597.5
RKDD052 638647 6598200 202 270 -60 351.4
RKDD053 638930 6598409 201 90 -60 260.4
RKDD054 638900 6599500 200 90 -60 375.1
RKDD055 639660 6596800 203 90 -60 516.2
RKDD056 639900 6599400 204 90 -60 334.6
RKDD057 639375 6596800 204 90 -60 616.4
RKDD058 640100 6599200 204 88 -60 596.7
RKDD059 639087 6596800 204 90 -60 641.7
RKDD060 639100 6599000 204 88 -60 653.4
RKDD061 638950 6598750 200 267 -60 858.4
RKDD063 640300 6599400 204 88 -60 528.4
RKDD064 640300 6599200 204 90 -60 624.5
RKDD065 640100 6599000 204 90 -60 554.2
RKDD066 640500 6599400 203 87 -60 447.4
RKDD067 639700 6598600 204 87 -60 676.9
RKDD068 640470 6599600 203 87 -60 411.2
RKDD069 640230 6599535 203 177 -60 345.1
RKDD070 640650 6599600 202 87 -60 469.1
RKDD071 640300 6599600 203 87 -60 363.2
RKDD072 640150 6599600 204 87 -60 477.7
RKDD073 638313 6598395 200 90 -60 519.4

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RKDD074 639500 6599400 204 87 -60 442.9
RKDD075 639300 6599400 204 92 -60 457.1
RKDD076 639700 6599400 204 92 -60 441.5
RKDD077 641250 6600000 201 87 -60 384.3
RKDD078 641050 6600000 201 90 -60 474.5
RKDD079 640850 6600000 201 90 -60 462.4
RKDD080 640250 6600000 201 90 -60 378.4

Co-ordinates GDA2020 Zone 51

Appendix 2 - Legend Field Logging Guidelines

Legend Field Logging Guidelines

Sulphide Mode **Percentage Range **
Disseminated & blebby 1-5%
HeavyDisseminated 5-20%
Matrix 20-40%
Net-Textured 20-40%
Semi-Massive >40% to <80%
Massive >80%

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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 (12 July 2021, 26 August 2021 and 8 November 2021) 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 forward-looking 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.

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

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Appendix 3:

Legend Mining Ltd – Diamond Drilling Programme Mawson Prospect - Rockford Project JORC Code Edition 2012: Table 1

Section 1: Sampling Techniques and Data

Criteria JORC Code Explanation Commentary
Sampling techniques • Nature and quality of sampling
(e.g., cut channels, random
chips, or specific specialised
industry standard measurement
tools appropriate to the minerals
under investigation, such as
down hole gamma sondes, or
handheld XRF instruments,
etc.). These examples should
not be taken as limiting the
broad meaning of sampling.
• Include reference to measures
taken to ensure sample
representivity and the
appropriate calibration of any
measurement tools or systems
used.
• Aspects of the determination of
mineralisation that are Material
to the Public Report. In cases
where ‘industry standard’ work
has been done this would be
relatively simple (e.g., ‘reverse
circulation drilling was used to
obtain 1 m samples from which
3 kg was pulverised to produce
a 30 g charge for fire assay’). In
other cases, more explanation
may be required, such as where
there is coarse gold that has
inherent sampling problems.
Unusual commodities or
mineralisation types (e.g.,
submarine nodules) may
warrant disclosure of detailed
information.
•Diamond drilling was used to produce
half NQ core samples (between 0.2m-
1.2m) which were submitted to
Intertek Genalysis Laboratory
Services Perth for geochemical
analysis.
•Sample intervals were based on
geology and style of sulphide
occurrence.
•QAQC standard samples were
included.
•Samples were analysed for:
Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce,
Co, Cr, Cs, Cu, Dy, Er, Eu, Fe,
Ga, Gd, Ge, Hf, Ho, In, K, La, Li,
Lu, Mg, Mn, Mo, Na, Nb, Nd, Ni, P,
Pb, Pr, Rb, Re, S, Sb, Sc, Se, Sm,
Sn, Sr, Ta, Tb, Te, Th, Ti, Tl, Tm,
U, V, W, Y, Yb, Zn, Zr by methods
4A/MS48R and 4AH/OE (four acid
digest with ICP-MS finish).
Au, Pt, Pd by method FA50/MS
(fire assay with an ICP-MS finish).
Drilling techniques • Drill type (e.g., core, reverse
circulation, open-hole hammer,
rotary air blast, auger, Bangka,
sonic, etc.) and details (e.g.,
core diameter, triple or standard
tube, depth of diamond tails,
face-sampling bit or other type,
whether core is oriented and if
so, by what method, etc.).
•Diamond drillholes RKDD061-080
were pre-collared using the mud
rotary technique.
•No samples were recovered from the
mud rotary pre-collar.
•The remainder of the holes were
diamond drilled with HQ then NQ
coring to end of hole.
•Terra Drilling completed the drilling.
Drill sample recovery • Method of recording and
assessing core and chip sample
recoveries and results
assessed.
•Drill core sample recoveries for the
HQ-NQ core were measured and
recorded in drill log sheets.
•Drill core orientation was recorded

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Criteria JORC Code Explanation Commentary
• Measures taken to maximise
sample recovery and ensure
representative nature of the
samples.
• Whether a relationship exists
between sample recovery and
grade and whether sample bias
may have occurred due to
preferential loss/gain of
fine/coarse material.
when possible at the end of each drill
run (line on bottom of core).
•No relationship has been determined
between sample recoveries and
grade and there is insufficient data to
determine if there is a sample bias.
Logging • Whether core and chip samples
have been geologically and
geotechnically logged to a level
of detail to support appropriate
Mineral Resource estimation,
mining studies and metallurgical
studies.
• Whether logging is qualitative or
quantitative in nature. Core (or
costean, channel, etc.)
photography.
• The total length and percentage
of the relevant intersections
logged.
•Geological logging of drillholes
RKDD061-080 included; lithology,
grainsize, texture, structure,
deformation, mineralisation, alteration,
veining, colour, weathering.
•Drill core logging is qualitative and
based on drill core retained in core
trays.
•The drillholes were logged in their
entirety.
Sub-sampling
techniques and sample
preparation
• If core, whether cut or sawn and
whether quarter, half or all core
taken.
• If non-core, whether riffled, tube
sampled, rotary split, etc. and
whether sampled wet or dry.
• For all sample types, the nature,
quality and appropriateness of
the sample preparation
technique.
• Quality control procedures
adopted for all sub-sampling
stages to maximise
representivity of samples.
• Measures taken to ensure that
the sampling is representative of
the in-situ material collected,
including for instance results for
field duplicate/second-half
sampling.
• Whether sample sizes are
appropriate to the grain size of
the material being sampled.
•Selected sawn half NQ core samples
based on geology and sulphide
occurrence were submitted for
geochemical analysis.
•The size of the sample from the
diamond drilling method is considered
appropriate for the mineralisation
style sought and for the analytical
technique used.
•Sample preparation includes; drying,
crushing and pulverising before
analysis.
•QAQC standard samples were
included.
Quality of assay data
and laboratory tests
• The nature, quality and
appropriateness of the assaying
and laboratory procedures used
and whether the technique is
considered partial or total.
•Core samples were analysed for:
Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce,
Co, Cr, Cs, Cu, Dy, Er, Eu, Fe,
Ga, Gd, Ge, Hf, Ho, In, K, La, Li,
Lu, Mg, Mn, Mo, Na, Nb, Nd, Ni, P,
Pb,Pr,Rb,Re, S, Sb, Sc, Se, Sm,

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Criteria JORC Code Explanation Commentary
• For geophysical tools,
spectrometers, handheld XRF
instruments, etc., the
parameters used in determining
the analysis including
instrument make and model,
reading times, calibrations
factors applied and their
derivation, etc.
• Nature of quality control
procedures adopted (e.g.,
standards, blanks, duplicates,
external laboratory checks) and
whether acceptable levels of
accuracy (i.e., lack of bias) and
precision have been
established.
Sn, Sr, Ta, Tb, Te, Th, Ti, Tl, Tm,
U, V, W, Y, Yb, Zn, Zr by methods
4A/MS48R and 4AH/OE (four acid
digest with ICP-MS finish).
Au, Pt, Pd by method FA50/MS
(fire assay with an ICP-MS finish).
These assay methods are
considered appropriate.
•QAQC standard samples were
included. In addition, reliance is
placed on laboratory procedures and
internal laboratory batch standards
and blanks.
•All samples were analysed by Intertek
Genalysis Laboratory Services Perth.
Verification of
sampling and assaying
• The verification of significant
intersections by either
independent or alternative
company personnel.
• The use of twinned holes.
• Documentation of primary data,
data entry procedures, data
verification, data storage
(physical and electronic)
protocols.
• Discuss any adjustment to
assay data.
•Significant intersections were verified
by senior exploration personnel.
•Primary data was collected in the field
using a set of standard logging
templates and entered into a laptop
computer.
•The data was forwarded to Legend’s
database manager for validation and
loading into the company’s drilling
database.
•No adjustments of assay results have
been undertaken.
Location of data points • Accuracy and quality of surveys
used to locate drill holes (collar
and down-hole surveys),
trenches, mine workings and
other locations used in Mineral
Resource estimation.
• Specification of the grid system
used.
• Quality and adequacy of
topographic control.
•The drillhole collars were surveyed
with a handheld GPS unit with an
accuracy of ±5m which is considered
sufficiently accurate for the purpose of
the drillhole.
•All co-ordinates are expressed in
GDA2020 datum, Zone 51.
•Regional topographic control has an
accuracy of ±2m based on detailed
DTM data.
Data spacing and
distribution
• Data spacing for reporting of
Exploration Results.
• Whether the data spacing and
distribution is sufficient to
establish the degree of
geological and grade continuity
appropriate for the Mineral
Resource and Ore Reserve
estimation procedure(s) and
classifications applied.
• Whether sample compositing
has been applied.
•No regular drill hole spacing has been
set with individual holes design to
intersect specific targets.
•Diamond drillholes RKDD061-080
were designed to test extensions of
interpreted mineralised intrusive
packages.

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Criteria JORC Code Explanation Commentary
Orientation of data in
relation to geological
structure
• Whether the orientation of
sampling achieves unbiased
sampling of possible structures
and the extent to which this is
known, considering the deposit
type.
• 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.
•The relationship between drill
orientation and mineralisation is
unknown.
Sample security • The measures taken to ensure
sample security.
•Individual calico sample bags from the
diamond drilling were placed in
polyweave bags and hand delivered
directly to the assay laboratory in
Kalgoorlie by company personnel.
•All diamond drill core will be removed
from site and stored at an appropriate
facility.
Audits or reviews • The results of any audits or
reviews of sampling techniques
and data.
•Internal audits/reviews of procedures
are ongoing, however no external
reviews have been undertaken.

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 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.
•The Rockford Project comprises nine
granted exploration licences, covering
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.
•Tenements E28/1716, 1717, 2192,
2405 are covered by the Upurli Upurli
Nguratja Native Title Claim.
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 are no known impediments.
Exploration done by
other parties
• Acknowledgment and appraisal
of exploration by otherparties.
•Not applicable, not referred to.

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ASX Announcement

ASX:LEG

Criteria JORC Code Explanation Commentary
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
understanding of the report, the
Competent Person should clearly
explain why this is the case.
•Drillhole details are provided in
Appendix 1.
Data aggregation
methods
• In reporting Exploration Results,
weighting averaging techniques,
maximum and/or 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.
•Individual sample assays and
weighted averages are presented.

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

ASX Announcement

ASX:LEG

Criteria JORC Code Explanation Commentary
Relationship
between
mineralisation
widths and intercept
lengths
• These relationships are
particularly important in the
reporting of Exploration Results.
• If the geometry of the
mineralisation with respect to 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’).
•The drill core has been oriented to
enable structural logging and
evaluation of true thicknesses of the
mineralised intervals.
•Drillhole intercepts/intervals are
measured downhole in metres.
Diagrams • Appropriate maps and sections
(with scales) and tabulations of
intercepts should be included 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.
•Project and drillhole location maps,
and drill sections have been included
in the body of the report.
Balanced reporting • Where comprehensive reporting
of all Exploration Results is not
practicable, representative
reporting of both low and high
grades and/or widths should be
practiced to avoid misleading
reporting of Exploration Results.
•Assay results presented are
balanced.
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, aircore drilling
ground EM surveys and DHTEM
surveys have been used to target
drilling.
•GEM Geophysics completed
downhole EM surveying of RKDD061,
073-080.
DHTEM Details
Loop Size: 300mx300m, 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 selection of RKDD073-080 for
geochemical analysis.
•Assessment of geochemical results.
•Complete DHTEM surveying of all
drillholes.
•Full integration of geological,
geophysical and geochemical data.
•Plan further diamond drillholes.

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