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LEGEND MINING LIMITED Capital/Financing Update 2021

Aug 25, 2021

65223_rns_2021-08-25_24469b3a-4347-43cb-abee-61590f34a7dd.pdf

Capital/Financing Update

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ASX Announcement ASX:LEG

26 August 2021

Diamond drilling extends chonolith at Mawson

  • Diamond drilling extends chonolith to northeast and expands ultramafic core

  • Nickel-copper mineralisation identified adjacent to DHTEM conductors

  • Nickel-copper mineralisation intersected in RKDD071 400m NE of RKDD044

  • Downhole EM (DHTEM) ongoing, identifying multiple new targets

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 7). Comprehensive details are contained in the body of this report.

Legend Managing Director Mr Mark Wilson said: “The results in this announcement continue the evolution and understanding of the Mawson Prospect. The mineralised intrusion has been extended to the northeast and importantly there has been a big increase in the extent of the high MgO ultramafic core. Recent drilling has also intersected encouraging nickel-copper mineralisation in RKDD071 and mineralisation proximal to EM conductors.

“This new data is continually updating the 3D model, which will be the predictive tool for identifying trap sites for massive nickel-copper sulphide accumulations. Our systematic programme of diamond drilling followed by DHTEM to identify priority targets is ongoing at Mawson.”

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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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TECHNICAL DISCUSSION

Below is a technical summary of assays received and the diamond drilling completed at the Mawson Ni-Cu-Co prospect since the ASX Announcement 12 July 2021 . A total of twelve further diamond drillholes have been completed or in progress (RKDD056 and RKDD062-RKDD072), with diamond drilling continuing (see Figure 1).

Systematic step-out diamond drilling continues to grow the Mawson intrusion to the north-east, intersecting fertile 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 1.4km in strike length, with the gravity model suggesting the intrusion extends over 3km in strike length. Ongoing drilling across Mawson will focus on continued definition of these mineralised intrusive bodies and targeting of structural trap sites for massive Ni-Cu sulphide accumulation.

Section 6,599,000mN

Diamond drillhole RKDD065 was completed 200m east of RKDD042, designed to extend the mineralised chonolith to the interpreted eastern margin of the Mawson intrusion. The drillhole also provided a point location test of a series of complex DHTEM and MLTEM conductors interpreted to be the D3 stratigraphic conductor (see Figure 1 and Figure 2).

RKDD065 encountered a dominantly mafic sequence with minor interleaved ultramafic zones of the chonolith below a metasedimentary hanging wall sequence of meta-pelite before entering a variably mineralised intrusive, dominantly ultramafic, from 280.36m to 391.56m downhole (see Photo 1). The hole then entered the footwall sequence of recrystallised mafic intrusives before finishing in a faulted metasedimentary package including graphitic and sulphidic zones to end of hole at 554.2m. The graphitic and sulphidic zones are interpreted to represent a complex set of EM conductors associated with stratigraphic conductor D3. The mineralised intrusion in close proximity to these complex conductors confirms the current working model at Mawson that Ni-Cu sulphide mineralisation can be masked in the EM shadow of these highly conductive stratigraphic features.

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Photo 1: Ni-Cu sulphide mineralisation from RKDD065 from 314m

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Section 6,599,200mN

Diamond drillhole RKDD064 has been completed 400m east of RKDD044. Drilling continues to target the interpreted northern extension of the Mawson chonolith with RKDD064 designed to extend the mineralised chonolith to the interpreted eastern margin of the Mawson intrusion on this section. The drillhole also provided a point location test of a series of complex DHTEM and MLTEM conductors interpreted to be the D3 stratigraphic conductor (see Figure 1 and Figure 3).

RKDD064 intersected a series of thick ultramafic units bounded by thin units of mafic interpreted to be a significant thickening of the ultramafic chonolith core. The chonolith is over 400m in vertical thickness in RKDD064, with the dominantly ultramafic component being the thickest intersection to date at Mawson (see Photo 2). The chonolith finished at 406.84m downhole, where the drilllhole entered a complex zone of interleaved graphitic metasediments, amphibolites, and small mafic intrusions to 624.5m. The retrogressive amphibolites encountered are indicative of the margin of the Mawson intrusion. The graphitic zones intersected are interpreted to represent a complex set of EM conductors associated with stratigraphic conductor D3.

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Photo 2: Disseminated Ni-Cu sulphide from RKDD064 from 304m

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Section 6,599,400mN

Four diamond drillholes have been completed on this section, continuing to follow the interpreted mineralised chonolith to the north-east corner of the Mawson intrusion (see Figure 1 and Figure 4).

RKDD056 intersected thin zones of mafic chonolith at the top and bottom of the hole either side of a thickened zone of metasedimentary units. The chonolith remains open to the west.

RKDD062 intersected a variably mineralised mafic zone of the chonolith before finishing in a metasedimentary package to 381.3m downhole (see Photo 3). Subsequent DHTEM on RKDD062 resulted in a series of discrete offhole conductors, interpreted to be within the chonolith. RKDD069 was designed to target these offhole conductors. RKDD069 was drilled to 345.1m and intersected mafic chonolith up to the DMTEM conductors before intersecting highly sulphidic meta-BIF, interpreted to be the conductors. These internal meta-BIF units are interpreted to be rafts of country rock caught up during the chonolith emplacement

==> picture [418 x 135] intentionally omitted <==

Photo 3: Ni-Cu sulphide mineralisation from RKDD062

RKDD063 drilled 200m east of RKDD062 encountered an increased thickness of mafic chonolith with minor disseminated mineralisation.

RKDD066 drilled 200m east of RKDD063 intersected a thickened ultramafic unit bound by thinner mafic, interpreted to be the extension of the thickened ultramafic core of the chonolith seen on section 6,599,200mN. Minor dissemination was logged in the ultramafic (see Photo 4). The chonolith remains open to the west, east, and north. DHTEM is pending on RKDD066.

==> picture [407 x 147] intentionally omitted <==

Photo 4: Ni-Cu sulphide mineralisation from RKDD066 from 266m

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Section 6,599,600mN

Four diamond drillholes have been completed on this section, continuing to follow the interpreted mineralised chonolith to the north-east corner of the Mawson intrusion (see Figure 1 and Figure 5).

RKDD068 intersected a thickened package of metasediments of dominantly pelite, meta-BIF and meta-conglomerate. Structural logging will determine the significance of this thickened package once additional drillholes are completed on this section.

RKDD070 intersected dominantly gneissic, meta-BIF, meta conglomerate, and metasedimentary lithologies with interleaved norite intrusion between 290m and 396m downhole. The hole is currently undergoing detailed structural logging and is interpreted to be near the intrusion margin. DHTEM is now scheduled.

RKDD071 intersected multiple intervals of Ni-Cu mineralised mafic and ultramafic chonolith from 99.26m through to 207.18m downhole before finishing in a metasedimentary package of dominantly pelite, meta conglomerate, and meta-BIF at 363.2m. Mineralisation ranged from disseminated to net textured sulphide throughout the intrusive sequence (see Photo 5). Structural interpretation suggests the Ni-Cu mineralisation encountered in RKDD071 is the continuation of the mineralisation intersected in RKDD044 located 400m south-west. This is based on structural vectoring, which continues to prove a positive targeting tool. DHTEM is now scheduled to search for offhole conductors related to the mineralisation encountered in-hole.

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Photo 5: Ni-Cu sulphide mineralisation from RKDD71 from 201m

RKDD072 intersected a meta-BIF and metasedimentary package down to 477.7m bottom of hole. The current interpretation is that RKDD072 represents an internal raft of thickened country rock or is the northern margin of the Mawson intrusion in this location. DHTEM is now scheduled.

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Additional Diamond Drillholes

RKDD067 was drilled to test the eastern margin of the interpreted Mawson intrusion (see Figure 1). Relogging of RKDD001 confirmed prospective chonolith occurs further east than current modelling suggested. RKDD067 was drilled to 676.9m and intersected multiple zones of interleaved metasediments with gabbronorite and anorthosite intrusives. Logging suggests the drillhole potentially drilled down the edge of the Mawson intrusion, however, with the drillhole finishing in intrusion, more drilling is required in this area to constrain the geological modelling.

RKDD061 is ongoing, with geological, structural, and geophysical logging to be completed at time of writing.

DHTEM is pending on RKDD061 and RKDD065-RKDD72 (see Table 2).

DHTEM

Modelled DHTEM conductors from completed diamond drillholes are shown below in Table 2.

DHTEM is ongoing at the time of writing, with completed drillholes (RKDD061 and RKDD065RKDD072) scheduled for surveying in the coming weeks.

Table 2: Modelled DHTEM Conductor Parameters

Table 2: Modelled DHTEM Conductor Parameters Table 2: Modelled DHTEM Conductor Parameters Table 2: Modelled DHTEM Conductor Parameters Table 2: Modelled DHTEM Conductor Parameters Table 2: Modelled DHTEM Conductor Parameters Table 2: Modelled DHTEM Conductor Parameters
Conductor Conductance Dimensions Plate Orientation
Depth Downhole
Plate Dip
RKDD062
(offhole)
~1,750-2,250S 125m x 45m E-W ~280m downhole Sub vertical
RKDD062
(offhole)
~2,000-2,500S 90m x 40m E-W ~280m downhole Sub vertical
RKDD062
(offhole)
~1,750-2,250S 90m x 50m E-W ~280m downhole Sub vertical
RKDD063
**(In-hole/offhole) **
~11,000-13,000S 750m x 1,000m NE-SW ~300m off bottom of hole
70-800
RKDD064
(in hole)
~9,000-12,000S 500m x 1000m NE-SW ~483m downhole 70-800

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Figure 2: Drill section 6,599,000mN looking north

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Figure 3: Drill section 6,599,200mN looking north

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Figure 4: Drill section 6,599,400mN looking north

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Figure 5: Drill section 6,599,600mN looking north

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Assays

Assay results from drillholes RKDD055 and RKDD057-059 have now been received (see Figure 1, Figure 2, Figure 6, and Table 3). Elevated Ni-Cu values were also returned from a number of drillholes associated with disseminated sulphides in mafic and ultramafic intrusive, as expected. The results from RKDD060 confirm that the interpreted mineralised feeder to the Mawson intrusion continues at depth. This target area is scheduled to be tested further.

Table 3: Diamond Drillhole Assays >0.1% Ni

Table 3: Diamond Drillhole Assays >0.1% Ni Table 3: Diamond Drillhole Assays >0.1% Ni Table 3: Diamond Drillhole Assays >0.1% Ni Table 3: Diamond Drillhole Assays >0.1% Ni Table 3: Diamond Drillhole Assays >0.1% Ni Table 3: Diamond Drillhole Assays >0.1% Ni Table 3: Diamond Drillhole Assays >0.1% Ni
Hole From To Int Ni% Cu% Co%
RKDD055 170 171 1 0.11 0.00 0.01
RKDD057 399.49 401.68 2.19 0.11 0.07 0.02
RKDD057 514 515 1 0.19 0.09 0.02
RKDD058 332 334 2 0.10 0.09 0.01
RKDD058 365 366 1 0.12 0.11 0.01
RKDD058 429.11 430 0.89 0.16 0.11 0.01
RKDD060 458 461 3 0.11 0.08 0.01
RKDD060 462 463 1 0.15 0.11 0.01
RKDD060 481 484 3 0.10 0.03 0.01
RKDD060 499 500 1 0.20 0.11 0.02
RKDD060 505 506 1 0.21 0.11 0.02
RKDD060 554 555 1 0.22 0.11 0.02
RKDD060 582 592 10 0.11 0.04 0.01
Incl. 583 586 3 0.18 0.09 0.02

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Aircore Programme

Aircore drilling contractor Drillpower Pty Ltd has mobilised to Mawson and commenced an aircore programme designed to test numerous interpreted mafic-ultramafic intrusions across the greater Mawson Intrusive Complex (see Figure 6). Aircore drill testing will occur across 3 priority areas, primarily testing for fertile Ni-Cu intrusions. Results from this programme will be reported once received.

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Figure 6: Mawson Intrusive Complex Proposed Aircore Drilling

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Mawson Future Programmes

  • Diamond drilling continuing systematically at Mawson across priority target areas.

  • DHTEM to be undertaken on all completed diamond drillholes.

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

  • Integration of diamond, RC, aircore geochemical and geophysical datasets to evolve 3D emplacement and test the latest model of Mawson.

==> picture [484 x 422] intentionally omitted <==

Figure 7: 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 Ongoing
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

Co-ordinates GDA2020 Zone 51

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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) 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

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 RKDD063-072
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
RKDD063-072 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 RKDD063-072
were designed to test extensions of
interpreted mineralised intrusive
packages.

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

ASX Announcement

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

ASX Announcement

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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

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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 RKDD062,
063, and 064.
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 RKDD063-072 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