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LEGEND MINING LIMITED Capital/Financing Update 2021

Apr 27, 2021

65223_rns_2021-04-27_8347eeb4-1452-4895-816c-4e110c506dbd.pdf

Capital/Financing Update

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ASX Announcement ASX:LEG

28 April 2021

Massive nickel-copper sulphide intercepts in two diamond drillholes highlights the scale of Mawson

  • RKDD043 intersects wide sulphide zone 400m east-south-east of the Mawson discovery zone including:

  • 2.45m semi-massive and massive sulphide

  • 10.4m net-textured and semi-massive sulphide

  • RKDD044 intersects semi-massive and massive sulphide 1.2km north-east of the Mawson discovery zone including:

  • 1.15m massive sulphide

  • 3.75m net-textured and semi-massive sulphide

  • Downhole EM in RKDD043 identifies off hole conductors

  • Downhole EM in RKDD044 pending

Legend Mining Limited (Legend) is pleased to announce two new intercepts of massive Ni-Cu sulphide and provide a report on diamond drilling activities at the flagship Mawson Ni-Cu-Co prospect within the Rockford project, Fraser Range, Western Australia (see Figure 4).

Comprehensive details are contained in the body of this report.

==> picture [247 x 325] intentionally omitted <==

Legend Managing Director Mr Mark Wilson said: “The success of this year’s diamond drill programme has ramped up with two new intercepts of massive nickel copper sulphide within broad bands of sulphide mineralisation.

“The distance between these holes and the discovery zone, along with the developing story from downhole EM surveys, continue to demonstrate a very large system driving Mawson, which is consistent with the potential of a significant deposit.”

Photo 1: Massive Ni-Cu Sulphide from RKDD044 from 457m

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TECHNICAL DISCUSSION

Below is a technical summary of the diamond drilling completed at the Mawson Ni-Cu-Co prospect since the ASX Announcement 14 April 2021 . A total of four further diamond drillholes have been completed (RKDD037, RKDD042, RKDD043 & RKDD044), with drilling of RKDD045 in progress at the time of writing (see Figure 1).

Step-out diamond drilling across Mawson continues to add weight to existing datasets, with visual intercepts over a 1.2km strike length now adding additional support that a large mineralised system is driving Mawson. The 3D model driving predictive exploration at Mawson continues to be very accurate. This bodes well for continued selection of targets to test for the preferred host lithologies and structurally favourable positions to host massive Ni-Cu mineralisation across the Mawson intrusion.

==> picture [470 x 405] intentionally omitted <==

Figure 1: Diamond Drillhole Locations, Massive Sulphide Zones, and defined Chonolith model projected to surface over Aeromagnetics.

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Diamond drillhole RKDD043 has been completed 200m west of RKDD041 ( see ASX Announcement 14 April 2021 ), targeting the interpreted south-west extension of the eastern chonolith (see Figures 1 & 2).

RKDD043 intersected a metasedimentary package from 52.3m to 79.7m before intersecting a variably mineralised gabbronorite with interleaved metasediments, anorthosite, and pegmatitic zones from 79.7m to 263.3m downhole, a total mineralised zone of over 180m in thickness.

Mineralisation intersected included disseminated, blebby, heavy disseminated, brecciated, nettexture, semi-massive, and massive magmatic Ni-Cu sulphide (see Appendix 1). Semi-massive and net-textured sulphide was intercepted at 131.6m to 132.8m, 170.1m to 176.95m, and 178.5m to 180.85m with semi-massive and massive sulphide intercepted at 180.85m to 183.3m downhole.

Textures of the sulphides across these zones indicate remobilisation of sulphide, suggesting the drillhole has not intersected the primary sulphide source.

==> picture [464 x 319] intentionally omitted <==

Figure 2: Drill Section 6,598,400mN looking north showing diamond drillholes RKDD038, RKDD041 & RKDD043 (Note – conductors strike N-S).

DHTEM has been completed on RKDD043 with in-hole and off-hole conductors identified, interpreted to be extensions of the massive and semi-massive Ni-Cu sulphide mineralisation encountered in-hole (see Figure 2 & Table 1). Diamond drilling is planned to test these conductors.

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Table 1: RKDD043 Modelled DHTEM Conductor Parameters Table 1: RKDD043 Modelled DHTEM Conductor Parameters Table 1: RKDD043 Modelled DHTEM Conductor Parameters Table 1: RKDD043 Modelled DHTEM Conductor Parameters Table 1: RKDD043 Modelled DHTEM Conductor Parameters
Conductor Conductance Dimensions Plate Orientation Depth Downhole Plate Dip
RKDD043
(offhole)
2,250-3,250S 50m x 50m N-S 160m Subvertical
RKDD043
(in-hole and offhole)
1,000-1,250S 35m x 35m N-S 142m Subvertical
RKDD043
(in-hole and offhole)
1,000-1,250S 35m x 35m N-S 167m Subvertical

==> picture [372 x 491] intentionally omitted <==

Photo 2: Massive Ni-Cu sulphide from RKDD043 from 181m.

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RKDD044 was drilled 200m north of RKDD042, off the north-eastern end of the Eastern Aircore Geochemical Anomaly (EAGA), targeting the north-eastern interpreted extension of the eastern chonolith (see Figure 1). The drillhole intersected a weakly mineralised gabbronorite from 92m to 381m downhole before intersecting a meta-BIF and orthogneiss assemblage to 403.2m. The drillhole then entered an interpreted marginal early-stage recrystallised gabbronorite to 437.9m before intersecting a heavily mineralised gabbronorite to 476.75m. A zone of net-textured, semimassive, and massive Ni-Cu sulphide was intersected from 453.2m to 458.1m (see Photo 3 & Appendix 1). DHTEM is now scheduled for RKDD044.

This discovery of massive Ni-Cu sulphide is 1.2km north-east of the Mawson discovery zone.

RKDD044 in addition to RKDD043 (over 1km to the south) delivers the first visual confirmation that the Mawson intrusion displays the ability to host multiple accumulations of massive Ni-Cu sulphide.

The drill traverse of RKDD044 will be extended east, west, and north with planned diamond drilling.

==> picture [475 x 278] intentionally omitted <==

Photo 3: Massive Ni-Cu Sulphide from RKDD044 from 456m

RKDD037 (see ASX Announcement 14 April 2021) was re-entered and extended to a depth of 513.2m. This is the western hole on a drill section including RKDD039, RKDD040 and RKDD042 targeting the north-east untested portion of the EAGA (see Figure 1).

RKDD037 intersected a package of meta-BIF and metasedimentary units to 307.95m downhole before entering a thick package of prospective gabbronorites with disseminated and blebby magmatic sulphides from 307.95m to 476.26m downhole, before finishing in a metasedimentary package (see Figure 3).

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This 168m thick mineralised envelope adds further support to Mawson hosting a large mineralised system, that appears hidden largely below a thickened metasedimentary package. This increases the search space for fertile intrusives and associated Ni-Cu accumulations significantly. Additional drilling is planned west of RKDD037 to target the prospective intrusive package and associated mineralisation, below the depth penetrative capabilities of surface MLTEM/FLTEM. DHTEM has been completed and modelling is pending.

RKDD042 is the eastern hole on the drill section including RKDD037, RKDD039, and RKDD040 (see Figures 1 & 3). The drillhole intersected a partially weathered gabbronorite intrusion from 98m to 126.6m downhole before intersecting a metasedimentary and mafic granulite package to end of hole at 331.1m. The thinning and shallowing intrusion suggests we have encountered the end of the Mawson intrusion on this section. DHTEM is now scheduled for RKDD042.

==> picture [469 x 327] intentionally omitted <==

Figure 3: 6,599,000mN Section looking north showing diamond drillholes RKDD037, RKDD039, RKDD040, & RKDD042.

Ongoing drilling across Mawson will focus on continued definition of these intrusive bodies and targeting of structural trap sites for massive Ni-Cu sulphide accumulation.

Downhole EM

The DHTEM contractor GEM Geophysics is currently on site with completed drillholes to undergo surveying as scheduled.

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Mawson Future Programmes

  • Diamond drilling continuing with two diamond rigs at Mawson across priority areas.

  • DHTEM to be undertaken on all completed diamond drillholes to assist follow up drilling.

  • Integration of DD, RC, aircore geochemical and geophysical datasets to evolve 3D emplacement model of Mawson, with new constrained gravity and magnetic inversions ongoing.

==> picture [440 x 385] intentionally omitted <==

Figure 4: Rockford Project – Mawson Location

CORPORATE – JINDAL RECEIVABLE

Legend received a payment of $518,005 ($500,000 principal and $18,005 interest) from Jindal on 23 April 2021. This now reduces the outstanding amount to $1,500,000 and interest payments are up to date as at 31 March 2021.

Authorised by Mark Wilson, Managing Director.

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Appendix 1 – RKDD043 and RKDD044 Summary Drill Log of Ni-Cu Mineralisation

Hole Interval Sulphide Mode Sulphide Type Sulphide %
(Visual Estimate)
RKDD043 79.7 – 85.9m Disseminated
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 86.8 – 104.0m Disseminated and
Blebby Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 107.0 – 117.7m Disseminated and
Blebby Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 117.7 – 119.3m Net-textured and
Disseminated
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
20-40%
1-5%
RKDD043 119.3 – 131.6m Disseminated and
Blebby Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 131.6 – 132.8m Semi-massive and
Net-textures
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
>40% to <80%
20-40%
RKDD043 142.58 – 149.7m Disseminated and
Blebby Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 149.7 – 154.4m Disseminated and
Net-textured
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
20-40%
RKDD043 154.4 – 167.7m Disseminated and
Blebby Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 167.7– 170.1m Net-textured and
Disseminated
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
20-40%
1-5%
RKDD043 170.1 – 173.5m Net-textured and
Semi-massive
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
20-40%
>40% to <80%
RKDD043 173.5 – 176.95m Semi-massive and
Net-textured
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
>40% to <80%
20-40%
RKDD043 176.95 – 178.5m Disseminated
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 178.5 – 180.85m Net-textured and
Semi-massive
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
20-40%
>40% to <80%
RKDD043 180.85 – 183.3m Semi-massive and
Massive Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
>40% to <80%
>80%
RKDD043 183.3 – 184.7m Disseminated and
Stringer Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 193.3 – 210.8m Disseminated
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 211.7 – 232.7m Disseminated and
Blebby Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD043 233.2 – 263.6m Disseminated
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%

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RKDD044 275.0 – 284.6m Disseminated
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD044 437.9 – 444.7m Heavy Disseminated
Sulphide

Pyrrhotite-chalcopyrite-
pentlandite
5-20%
RKDD044 444.7 - 453.2m Disseminated
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
1-5%
RKDD044 453.2 - 456.4m Net-textured
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
20-40%
RKDD044 456.4 - 456.95m Semi-massive
Sulphide
Pyrrhotite-chalcopyrite-
pentlandite
>40% to <80%
RKDD044 456.95 - 458.1m Massive Sulphide Pyrrhotite-chalcopyrite-
pentlandite
>80%
RKDD044 458.1 - 476.75m Heavy Disseminated
and Blebby Sulphide


Pyrrhotite-chalcopyrite-
pentlandite
5-20%
1-5%

Cautionary Statement: The sulphide percentage is a visual estimate of total sulphide.

Appendix 2 – Mawson Diamond Drillhole Details

Hole MGA20-East MGA20-North RL Azimuth Dip Total Depth
RKDD035 638735 6598300 203 270.0 -60 382.6
RKDD036 638634 6598300 202 270.0 -60 362.9
RKDD037 639301 6599005 204 90.0 -60 513.2
RKDD038 639300 6598400 204 90.0 -60 454.1
RKDD039 639500 6599000 205 90.0 -60 445.4
RKDD040 639700 6599000 204 90.0 -60 372.1
RKDD041 639100 6598400 205 90.0 -60 300.4
RKDD042 639900 6599000 204 90.0 -60 333.1
RKDD043 638900 6598400 202 90.0 -60 393.3
RKDD044 639900 6599200 205 90.0 -60 519.3
RKDD045 639100 6598200 205 270.0 -60 Ongoing

Co-ordinates GDA2020 Zone 51

Appendix 3 - 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 (14 April 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 forwardlooking 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 Managing Director Ph: +61 8 9212 0600

Mr Oliver Kiddie Executive Director Ph: +61 8 9212 0600

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Appendix 4:

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.

No sampling has been undertaken.
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 RKDD037-045
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
•Drill core sample recoveries for the
HQ-NQcore were measured and
recorded in drill log sheets.
•Drill core orientation was recorded

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Criteria JORC Code Explanation Commentary
recoveries and results
assessed.
• 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 sampling has been undertaken.
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
RKDD037-045 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.

No sampling has been undertaken.
Quality of assay data
and laboratory tests
• The nature, quality and
appropriateness of the assaying
and laboratory procedures used
•No sampling has been undertaken.

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Criteria JORC Code Explanation Commentary
and whether the technique is
considered partial or total.
• 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.
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 sampling has 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 RKDD037-045
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.
•No sampling has been undertaken.
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 arenoknown impediments.
Exploration done by
other parties
• Acknowledgment and appraisal
of exploration by otherparties.
•Not applicable, not referred to.
Geology • Deposit type, geological setting
and style of mineralisation.
•The primary target is Nova style
nickel-copper mineralisation hosted in
mafic/ultramafic intrusives within the
Fraser Zone of the larger Albany-
Fraser Orogen.

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Criteria JORC Code Explanation Commentary
•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.
•No sampling has been undertaken.
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 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.

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ASX Announcement

ASX:LEG

Criteria JORC Code Explanation Commentary
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
(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.
•No sampling has been undertaken.
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 RKDD037,
038, 042, and 043.
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 RKDD037-045 for
geochemical analysis.
•Assessment of geochemical results.
•Complete DHTEM surveying of all
drillholes.
•Full integration of geological,
geophysical and geochemical data.
•Plan further diamond and RC
drillholes.

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