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LEGEND MINING LIMITED Capital/Financing Update 2026

Mar 22, 2026

65223_rns_2026-03-22_9af2921b-b98b-46fb-b388-e41c513eb1ea.pdf

Capital/Financing Update

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ASX Announcement ASX:LEG

23 March 2026

High Ranking Feature Extended at Pinnacle Well

  • Infill geophysical surveys have extended chargeable-resistive feature to 600m at the Pyrophyllite Hill prospect

  • Feature coincident with a large pyrophyllite alteration zone, a multielement

hydrothermal signature in soil samples and historical geochemistry

  • Feature represents compelling drill target for gold mineralisation

Legend Mining Limited (Legend) is pleased to provide results from recently completed low impact geophysical surveying over the Pyrophyllite Hill prospect (Pyrophyllite Hill) within the Pinnacle Well Project (Project), located 25 km NNE of Leonora, Western Australia (see Figure 5).

Following up on encouraging pole-dipole induced polarisation (PDIP) and gradient array induced polarisation (GAIP) results in February 2026, three infill PDIP lines were completed at Pyrophyllite Hill. The surveying was aimed at defining both the lateral and depth extent of a strong coincident chargeable-resistive feature identified previously on line 41000E. Full details are included in the body of this report.

Legend Executive Chair, Mr Mark Wilson said: “We are very pleased with the outcome of the recently completed infill geophysical survey at Pyrophyllite Hill. The chargeable-resistive feature which was identified on one line in the earlier survey has now been extended over approximately 600m from depths of circa 75m below surface down to 400m which is the limit of these surveys. The feature is interpreted to represent disseminated sulphides associated with silica alteration and/or quartz veining at depth. This represents a compelling drill target for gold mineralisation, when considering the alteration, the structural setting and anomalous geochemistry coincident with the feature.

“The next steps are ground truthing at both Pyrophyllite Hill and the Alpha North prospects followed by drillhole design, heritage clearance and drilling.”

==> picture [474 x 133] intentionally omitted <==

Photo: Pyrophyllite Hill, Pinnacle Well

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ASX Announcement ASX:LEG

TECHNICAL DISCUSSION

The Pyrophyllite Hill prospect is considered prospective for both intrusion-related and structurally controlled gold mineralisation due to extensive pyrophyllite alteration (approximately 1300m x 700m) and proximity to NW-SE trending structures related to the Keith-Kilkenny Fault Zone (see Figure 1). Previously reported Ultra Fine Fraction (UFF) soil sampling reporting anomalous multielement (Ag-Cd-Hg-Sb-As) results supports a hydrothermal origin for the pyrophyllite.

Recently completed PDIP has further enhanced the prospectivity of Pyrophyllite Hill with the identification of a strong ~600m chargeable-resistive feature.

==> picture [473 x 349] intentionally omitted <==

Figure 1: Pinnacle Well Project – Pyrophyllite Hill prospect location and UFF soil anomalies on aeromagnetic image

Geophysical Surveys

In January 2026 GAIP surveying at Pyrophyllite Hill was conducted to geophysically map the 2D chargeability and resistivity responses with follow up PDIP identifying a strong chargeable feature (red) on line 41000E (see Figures 2 & 3 and ASX announcement 16 February 2026). This chargeable response was modelled at a depth of ~75-300m below surface and interpreted as representing disseminated sulphides as the chargeability response exceeds values typically associated with weathering-type clays. Line 41000E also identified a shallow (0-75m), low chargeability zone (blue) over 1.1km length, which coincides with the mapped pyrophyllite outcrop (see model on Figure 3).

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Three additional infill PDIP lines (40600E, 40800E and 41200E) for 3.4km were recently completed to test the lateral and depth extent of the chargeable feature identified on 41000E (see Figure 2).

==> picture [475 x 383] intentionally omitted <==

Figure 2: Pyrophyllite Hill PDIP lines with peak chargeability, main pyrophyllite outcrop and Pyr1 UFF soil anomaly on GAIP survey chargeability image

Inversion modelling of the three additional PDIP lines shows that the strong chargeable feature on 41000E is also present on line 40800E (200m to NW) and line 41200E (200m to SE) (see Figures 2 & 3). This PDIP indicates that the feature has a strike length of ~600m with a NW-SE trend. The modelling for 40800E, 41000E and 41200E also shows that the chargeable feature has a strong coincident resistivity response. The modelled depth of the ~600m chargeable-resistive feature increases from 75-250m on 40800E to 175-325m on 41200E suggesting a potential southeasterly plunge (see Figure 3).

Legend believes that the chargeable-resistive feature at Pyrophyllite Hill represents disseminated sulphides (chargeable response) associated with silica alteration and/or quartz veining (resistive response) within an extensive hydrothermal pyrophyllite alteration zone.

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ASX Announcement ASX:LEG

Much of the Pyrophyllite Hill prospect area is obscured by transported alluvial material with sparse subcrop in the vicinity of the peak chargeability-resistivity responses on each of the PDIP lines. Historic rockchip sampling (20 samples) near the projected-to-surface peak chargeability-resistivity response on line 40800E returned anomalous gold results of 0.13g/t Au and 0.09g/t Au, associated with a carbonate altered siderite/ankerite ferruginous gossan (see Figure 4 and Appendix 1). Further reconnaissance mapping and sampling is planned in the coming weeks over the surface projection of the chargeable-resistive trend.

==> picture [480 x 439] intentionally omitted <==

Figure 3: Pyrophyllite Hill PDIP survey chargeability and resistivity inversion models. Lines 40800E, 41000E and 41200E display strong coincident chargeable and resistive features (red) at depth, along with shallow chargeable lows (blue)

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Ultra Fine Fraction Soil Anomaly Pyr1

Previously reported multivariate geochemical interpretation of UFF soil samples defined the Pyr1 anomaly at Pyrophyllite Hill which has a distinct hydrothermal signature (ASX announcement 1 August 2025). Pyr1 is characterised by a strongly anomalous suite of elements (Ag-Cd-Hg-Sb-As) consistent with an intrusion-related hydrothermal signature and is coincident with an extensive 1,300m x 700m pyrophyllite alteration zone (see Figure 4, Table 1 and Appendices 2 & 3). The Pyr1 anomaly has a central more anomalous “inner” zone, which closely coincides with the ~600m PDIP chargeable-resistivity feature (see Figures 2 & 4).

==> picture [462 x 421] intentionally omitted <==

Figure 4: Pyrophyllite Hill Summary – PDIP lines with peak chargeability responses, UFF soil anomalies, historic rockchip samples and quartz veining on Google Earth image

UFF base metal anomalies (BM2 and BM3) located immediately north and south of Pyr1 are interpreted as potentially peripheral alteration halos surrounding the pyrophyllite zone (see Figure 2 & 4). The Pyr1, BM2 and BM3 anomalies and pyrophyllite outcrop are situated within the Pig Well Graben corridor and interpreted to be related to major NW-SE bounding regional structures including the Keith-Kilkenny Fault.

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Table 1: Pyr1 Hydrothermal Alteration and BM2-3 Base Metal UFF Soil Anomalies Table 1: Pyr1 Hydrothermal Alteration and BM2-3 Base Metal UFF Soil Anomalies Table 1: Pyr1 Hydrothermal Alteration and BM2-3 Base Metal UFF Soil Anomalies Table 1: Pyr1 Hydrothermal Alteration and BM2-3 Base Metal UFF Soil Anomalies Table 1: Pyr1 Hydrothermal Alteration and BM2-3 Base Metal UFF Soil Anomalies
Anomaly
Associated
Elements
Highest values above*
background**
Geological
Support
Area
km2
Pyr1 As, Ag, Cd, Cu, Hg,
Pb, S, Sb, Zn
Ag 9x, Cd 8x, Hg 6.5x, Sb 5x,
S 3.5x, As 3x, Zn 1.5x:
normalised background

Large hydrothermally altered
pyrophyllite outcrop/subcrop
0.77
BM2 As, Bi, Mo, Sb, Te, Tl Mo 6.5x, Sb-Te-Tl 2x,
As-Bi 1.5x:
normalised background
North of hydrothermally altered
pyrophyllite outcrop, quartz
veins, adjacent to isolated
syenite intrusive
1.56
BM3 As, Bi, Mo, In, Sb Mo 3x, As-Bi-Sb 1.5x:
normalised background
South of hydrothermally altered
pyrophyllite outcrop, quartz
veins
1.13

* Elements and elemental loadings identified by principal component analysis and factor analysis are reported with the highest value shown as multiple above normalised background (e.g., 5x means 5 times normalised background). See ASX announcement 1 August 2025.

Summary

Additional PDIP surveying at Pyrophyllite Hill has delineated a NW-SE trending, coincident chargeability-resistivity feature striking ~600m within an extensive pyrophyllite alteration zone. This orientation is consistent with regional NW-SE trending structures considered significant for mineralisation in the northeastern goldfields of Western Australia. The PDIP feature is spatially associated with the Pyr1 soil anomaly and is interpreted to represent disseminated sulphides associated with silica alteration and/or quartz veining at depth.

Legend considers the coincident PDIP feature, alteration, anomalous chemistry and structural setting to be very encouraging for the identification of gold mineralisation. Further ground truthing and sampling over the PDIP chargeable-resistive trend is planned in the coming weeks along with 3D PDIP modelling to assist future drillhole design.

FUTURE PROGRAMMES

  • Complete reconnaissance mapping and sampling over the projected-to-surface position of the chargeable-resistive responses on lines 40800E, 41000E and 41200E.

  • Complete 3D PDIP modelling at Pyrophyllite Hill.

  • Use 3D modelling and geochemistry to assist drillhole design.

  • Heritage clearances.

  • Drilling.

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ASX Announcement ASX:LEG

PINNACLE WELL PROJECT BACKGROUND

Legend acquired a 100% interest in exploration licences E37/1246 and E37/1548 on 2 July 2025 and tenements E37/1235 and E37/1417 on 5 November 2025. Legend also obtained a “Right of First Refusal” (ROFR) over seven adjacent “Linger and Die Group” tenements (E37/1234, P37/8573, P37/9675, P37/9676, P37/9752, M37/1385, M37/1400). Full transaction details are provided in ASX announcements 2 July 2025 and 5 November 2025.

The Project covers a combined area of 128km[2] and is located approximately 25km NNE of Leonora in the northern goldfields of Western Australia. The Pinnacle Well Project is considered prospective for gold and base metals as the region is host to a number of significant gold deposits including Gwalia and King of the Hills, in addition to base metal deposits at Bentley and Jaguar (see Figure 5).

==> picture [481 x 376] intentionally omitted <==

Figure 5: Pinnacle Well Project Location with Major Mines/Deposits on Regional Geology (GSWA 1:500K)

Authorised by Mark Wilson, Executive Chair.

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Competent Person Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Derek Waterfield. Mr Waterfield is a Member of the Australian Institute of Geoscientists and a full time employee of Legend Mining Limited. Mr Waterfield 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 Waterfield 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 (2 July 2025, 1 August 2025, 5 November 2025, 8 December 2025, 16 February 2026). Mr Waterfield consents to the inclusion of these Results in this report. Mr Waterfield 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 Tony Walsh Executive Chair Director/Company Secretary Ph: +61 8 9212 0600 Ph: +61 8 9212 0600

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Appendix 1

Historic Rockchip Sample Results Near Peak Chargeable Response on PDIP Line 40800E

Sample MGA_East MGA_North **Auppb ** **Agppm ** **Asppm ** **Cdppm ** Cuppm Fe% **Moppm ** **Nippm ** **Pbppm ** **Sbppm ** Znppm WAMEX
ECH016 341130 6826928 132 2.29 42 3.54 117 23.5 3.31 39 11 1.24 641 -
ECH017 341149 6826957 -5 0.37 62 0.24 63 11.35 7.04 86 5 1.15 115 -
GAV08 341231 6827065 -5 0.07 3 0.20 4 3.4 1.00 25 2 0.18 47 -
PIW016 340953 6826882 -1 -0.05 27 - 505 - - - - -1 13500 A18154
RAM22 341168 6827131 - 0.09 9 - 21 - - 39 - - 92 A85373
RAM23 341229 6827066 - 0.08 12 - 20 - - 29 - - 57 A85373
359551 341167 6826871 13 - - - 84 - - - 8 - 560 A39889
359552 341107 6826871 90 - - - 46 - - - 3 - 170 A39889
359553 341207 6826927 -1 - - - 49 - - - 3 - 84 A39889
359554 341250 6826978 -1 - - - 20 - - - 3 - 54 A39889
359555 341233 6827053 -1 - - - 31 - - - 4 - 185 A39889
359557 341017 6826950 1 - - - 44 - - - 15 - 70 A39889
359558 341130 6827031 -1 - - - 33 - - - 7 - 82 A39889
359559 341155 6827083 -1 - - - 58 - - - 11 - 155 A39889
359560 341190 6827108 -1 - - - 60 - - - 5 - 215 A39889
359561 341215 6827133 -1 - - - 165 - - - 5 - 116 A39889
359562 341265 6827168 -1 - - - 180 - - - 5 - 82 A39889
359563 341107 6826978 -1 - - - 42 - - - 2 - 62 A39889
359564 341126 6827147 -1 - - - 54 - - - 5 - 185 A39889
359565 341169 6827221 1 - - - 30 - - - 3 - 56 A39889

Appendix 2

Pyrophyllite Hill – Rockchip Sample Details

Sample MGA20-E MGA20-N RL Description
PWR129 340782 6826192 431 Pyrophyllite, lt.yellow/white, foliated, gritty, greasy, Pinnacle Well excavation sample
PWR130 341012 6826233 435 Pyrophyllite, cream/brown/grey, 5m x 10m outcrop, foliated, fe on fractures, weathered
PWR131 341178 6826416 438 Pyrophyllite, white, large northern outcrop, minor Fe/qt veining, foliated, 3-4m depth
PWR132 340998 6826489 435 Pyrophyllite, cream/grey, foliated, (yellow/brown/black foliated, weathered crust)
PWR133 341095 6826634 433 Pyrophyllite, cream/grey, foliated/shiny/sheeted, , 5m x 5m subcrop in creek bed
PWR134 340867 6826557 431 Pyrophyllite, cream/lt.grey, weathered, foliated, 20m x 20m outcrop
PWR135 341264 6827018 435 Pyrophyllite, grey/brown, weathered, foliated, manganese staining, 10m x 10m
outcrop,near volcanic contact
PWR136 341284 6826307 437 Pyrophyllite, cream/lt.grey, foliated, large outcrop/hill, fe cap on top of hill
PWR137 341409 6826194 433 Pyrophyllite, cream/lt.grey, strong foliation, large outcrop/hill
PWR138 341227 6826146 436 Pyrophyllite, cream, foliated, large outcrop/hill, fe cap
PWR139 341841 6825820 437 Pyrophyllite, lt.grey/cream, foliated, large southern outcrop/hill yellow/brown cap

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Appendix 3

Pyrophyllite Hill – Rockchip Sample XRD Results

==> picture [549 x 157] intentionally omitted <==

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Appendix 4

Legend Mining Ltd – Pinnacle Well Project, Pyrophyllite Hill Prospect 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.
Pole-Dipole Induced Polarisation Survey
(PDIP)
•PDIP surveying was conducted by
contractor Moombarriga Geoscience. The
survey as completed over the Pyrophyllite
Hill prospect on E37/1246 and comprised
three lines for a total of 3.4km.
•Survey parameters include:
Receiver: SMARTem24
Transmitter: Search-Ex WB IP
transmitter
Number of Lines: 3
Line Spacing: 200m
Dipole Spacing: 50m
Pole-Dipole Line Lengths: 0.9-1.5km
Pole-Dipole Line Direction: NNE-SSW
•Geophysical consultants Southern
Geoscience completed inversion modelling
of the PDIP data using Zonge TS2DIP
software.
Gradient Array Induced Polarisation Survey
(GAIP)
•GAIP surveying was conducted by
contractor Moombarriga Geoscience. The
survey was completed over the Pyrophyllite
Hill prospect on E37/1246 covering an area
of 1km2.
•Survey parameters include:
Receiver: SMARTem24
Transmitter: Search-Ex WB IP
transmitter
Number of Lines: 11
Line Spacing: 100m
Station Spacing: 50m
Line Direction: NNE-SSW
•UFF soil sample results and analysis
referred to in this announcement were
previously reported by Legend in ASX
announcements on 1 August 2025, 5
November 2025 and 8 December 2025.
•Previous compilation and reprocessing of
available government and company
aeromagnetic, radiometric and gravity data
was completed by Southern Geoscience
Consultants. A range of geophysical
images were supplied and used to assist
regional interpretation.

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Criteria JORC Code Explanation Commentary
Rockchip Sampling
•Previous company rockchip sampling in the
Pyrophyllite Hill prospect area (20 samples)
was completed by various explorers
(WAMEX No. A18154 – Chevron 1986,
A39889 – Geopeko 1993, A85373 – Pacrim
Energy 2009, and Pellegrini 2016.
•Early rockchip analysis (A18154, A39889,
A85373) was for a restricted suite including:
Au, Ag, As, Cu, Pb, Zn.
•Later analysis by Pellegrini was for an
extended suite including: Au, Ag, Al, As, Ba,
Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga,
Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb,
Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta,
Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr.
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.). _
•Legend has not completed any drilling at
the Pinnacle Well Project.
Drill sample recovery • Method of recording and
assessing core and chip
sample 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.
•Legend has not completed any drilling at
the Pinnacle Well Project.
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.
•Legend has not completed any drilling at
the Pinnacle Well Project.

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Criteria JORC Code Explanation Commentary
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. _
•Legend has not completed any drilling at
the Pinnacle Well Project.
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.
• 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. _
•Historic rockchip sample assay methods
and procedures are considered appropriate.
While quality and QCQA details are not fully
recorded/known, reputable assay
laboratories (Kal Assay-Kalgoorlie,
Genalysis-Perth, ALS-Perth) with internal
standards and duplicates were used for the
analysis.
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
•Legend has not completed any drilling at
the Pinnacle Well Project.
•No adjustments have been made to historic
rockchip assay data.

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Criteria JORC Code Explanation Commentary
(physical and electronic)
protocols.
• Discuss any adjustment to
_assay data. _
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.
•Historic rockchip sample location accuracy
is unknown.
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. _
•Historic rockchip sampling is non-
systematic and restricted to areas of
outcrop.
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.
•There is no known biasing of the rockchip
samples with random chips taken at each
site.
Sample security • The measures taken to ensure
sample security.
•Rockchip sample security by previous
companies is unknown.
Audits or reviews • The results of any audits or
reviews of sampling techniques
and data.
•Internal audits/reviews of all current data
are completed prior to entry into Legend’s
database.

Section 2: Reporting of Exploration Results

**Section2:Reportingof ** ExplorationResults
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,
•The Pinnacle Well Project comprises four
granted exploration licences, E37/1235,
E37/1246, E37/1417 and E37/1548
covering 128km2.
•TheProjectislocated25km NNEof

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Criteria JORC Code Explanation Commentary
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. _
Leonora on Mertondale and Clover Downs
Pastoral Stations.
•All four tenements are covered 100% by the
Darlot Group 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 other parties.
•Historical exploration for base metals, gold
and molybdenum has been completed over
the Pinnacle Well Project tenements
(E37/1235, E37/1246, E37/1417 and
E37/1548) by a number of companies
between 1969 and 2024. Exploration
activities include soil and rockchip
sampling, geological mapping, ground EM
surveys, Rotary Air Blast (RAB), Reverse
Circulation (RC) and diamond drilling and
have been previously reported in detail by
Legend to the ASX in announcements on 1
August, 5 November and 8 December
2025.
•Compilation and reprocessing of available
government and company aeromagnetic,
radiometric and gravity data over all
tenements was completed by Southern
Geoscience Consultants.
Geology • Deposit type, geological setting
and style of mineralisation.
•The primary target is intrusion-related and
structurally-controlled vein hosted gold
mineralisation typical of Archaean
greenstone belts within the Yilgarn Craton.
•A secondary target type is VMS style
copper-lead-zinc-silver mineralisation
similar to that at the Teutonic Bore/Bentley/
Jaguar deposits.
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.
•Legend has not completed any drilling at
the Pinnacle Well Project.
•No drilling has been undertaken on the
Project area since 2014.

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ASX Announcement

ASX:LEG

Criteria JORC Code Explanation Commentary
• 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. _
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. _
•Legend has not completed any drilling at
the Pinnacle Well Project.
•No drilling has been undertaken on the
Project area since 2014.
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’). _
•Legend has not completed any drilling at
the Pinnacle Well Project.
•No drilling has been undertaken on the
Project area since 2014.
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 location, geology, geophysical
surveys and rockchip locations maps 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 _
•All relevant exploration results have been
summarised in the accompanying
announcement, associated appendices and
figures, and previously reported in Legend
ASX announcements on 1 August,5

16

ASX Announcement

ASX:LEG

Criteria JORC Code Explanation Commentary
widths should be practiced to
avoid misleading reporting of
_Exploration Results. _
November 2025, 8 December 2025 and 16
February 2026.
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. _
•Descriptions of substantive exploration data
are summarised/included in the
accompanying announcement and
associated appendices and figures and
previously reported in Legend ASX
announcements on 1 August 2025, 5
November 2025, 8 December 2025 and 16
February 2026.
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.
•Complete reconnaissance mapping and
sampling over the projected-to-surface
position of the chargeable-resistivity
responses on lines 40800E, 41000E and
41200E.
•Complete 3D PDIP modelling at
Pyrophyllite Hill.
•Use 3D modelling and geochemistry to
assist drillhole design.

17