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LEGEND MINING LIMITED — Interim / Quarterly Report 2021
Apr 18, 2021
65223_rns_2021-04-18_8178f154-5025-47ca-9dc7-943f4f6a8194.pdf
Interim / Quarterly Report
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QUARTERLY REPORT
MARCH 2021
LEGEND MINING LIMITED
ASX Symbol: LEG ABN 22 060 966 145
Level 1, 8 Kings Park Road West Perth Western Australia 6005
PO Box 626 West Perth Western Australia 6872
Phone: +61 8 9212 0600 Facsimile: +61 8 9212 0611 Email: [email protected]
Website: www.legendmining.com.au
CONTACT
ASX:LEG | 19 APRIL 2021
HIGHLIGHTS – Rockford Project, Fraser Range
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Field season commences with two diamond rigs operating at Mawson.
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Phase 1 sighter met test work results have de-risked and enhanced Rockford Project.
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Cash and receivables $31.1M at 31 March 2021.
OVERVIEW
Field activities recommenced early in March 2021 at the Mawson prospect within our Rockford Project with the mobilisation of two diamond drill rigs to site. In order to facilitate the deployment of two rigs, the Mawson camp has been upgraded to include personnel sleeping units, an ablution block and an ABCO waste water treatment plant. Most importantly a water supply agreement has been signed with the local pastoralist along with the construction of a 210,000L tank storage facility.
These facilities are now fully commissioned and being utilised.
Mr Mark Wilson Managing Director
Mr Oliver Kiddie Executive Director
PROJECTS
Rockford - Fraser Range:
Nickel-Copper (Ni-Cu) Copper-Zinc-Silver (Cu-Zn-Ag) Gold (Au)
The success of the first seven diamond holes is summarised in the body of this report and they have established a platform for down hole EM surveys and ongoing diamond drilling.
Meanwhile regional activities also are moving forward with heritage clearance surveys being conducted over Rockford South tenements E28/1718 and E28/2404 which will enable the planned EM, aircore and diamond drilling over the Crean, Hurley and Worsley prospects to proceed.
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1. ROCKFORD PROJECT (Fraser Range District)
- Nickel-Copper, Copper-Zinc-Silver, Gold
Legend’s Rockford Project is located in the highly prospective Fraser Range district of Western Australia and considered prospective for mineralisation styles including magmatic nickel-copper, VMS zinc-copper-silver and structurally controlled gold.
The Rockford Project comprises 14 contiguous granted exploration licences covering a total area of 3,088km[2] (see Figure 1). A detailed breakdown of ownership, area and manager is given below:
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Legend (100%) 238km[2]
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Legend (70%)/Creasy Group (30%) two JVs covering 2,192 km[2] with Legend manager
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IGO (60%)/Creasy Group (30%)/Legend (10% free carry) JV covering 634km[2 ] with IGO manager
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IGO (70%)/Legend (30% free carry) JV covering 24km[2 ] with IGO manager
Exploration activities completed during the March 2021 Quarter at the Rockford project continued exploration focus on the Mawson prospect, including diamond drilling target planning, 3D model evolution utilising updated geophysical and geological modelling, receival of phase 1 metallurgical test work results and remaining outstanding RC assay results, and commencement of diamond drilling and associated DHTEM for 2021. Regionally, aircore drill planning and MLTEM/FLTEM survey planning is underway across Hurley, Crean, and multiple new target areas of the Rockford project (see Figure 1).
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Figure 1: Rockford Project with Current Prospect Locations and Targets over Regional Gravity MARCH 2021 QUARTERLY REPORT 2 | PP a
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MAWSON DIAMOND DRILLING
Diamond drilling commenced for the 2021 field season at Mawson during the March 2021 Quarter, with the completion of seven holes (RKDD035-RKDD039) for 1,941.4m (see Figure 2 & Table 1). The diamond drillholes were designed to test priority targets, specifically Target Area 1 and Target Area 2 (see Figure 3). DHTEM surveying has been completed on RKDD035 and RKDD036, however the resulting models are not fully constrained. DHTEM on remaining completed diamond drillholes is scheduled as at the end of the March 2021 Quarter. Assay results are pending at the end of the March 2021 Quarter.
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Figure 2: Diamond Drillhole Locations and defined Chonolith model projected to surface over Aeromagnetics.
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Figure 3: Mawson Diamond Drillhole Locations and Priority Target Areas over Aeromagnetics.
| Table 1: Mawson Diamond Drillhole Details | Table 1: Mawson Diamond Drillhole Details | Table 1: Mawson Diamond Drillhole Details | Table 1: Mawson Diamond Drillhole Details | Table 1: Mawson Diamond Drillhole Details | ||
|---|---|---|---|---|---|---|
| Hole | MGA94-East | MGA94-North | RL | Azimuth | Dip | Total Depth |
| *RKDD034 | 638,460 | 6,598,560 | 200 | 88 | -700 | 283.2 |
| RKDD035 | 638,735 | 6,598,300 | 203 | 270 | -600 | 382.6 |
| RKDD036 | 638,634 | 6,598,300 | 202 | 270 | -600 | 362.9 |
| RKDD037 | 639,301 | 6,599,005 | 204 | 90 | -600 | 296.3 |
| RKDD038 | 639,300 | 6,598,400 | 204 | 90 | -600 | 454.0 |
| RKDD039 | 639,500 | 6,599,000 | 205 | 90 | -600 | 445.6 |
| **RKDD040 | 639,700 | 6,599,000 | 204 | 90 | -600 | 372.1 |
| **RKDD041 | 639,100 |
6,598,400 | 205 | 90 | -600 | 300.4 |
| **RKDD042 | 639,900 |
6,599,000 | 204 | 90 | -600 | Ongoing |
| Total | 2,897.1m |
*Drillhole reported December Quarter 2020, assays not received until March Quarter 2021.
**Drilled after 31st March 2021.
GDA2020 MGA Zone 51
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Target Area 1
Diamond drillholes RKDD035, RKDD036, RKDD038, and RKDD041 have been completed targeting the interpreted bifurcated chonolith driving the Ni-Cu-Co mineralisation directly south and south-east of the Mawson massive Ni-Cu-Co discovery zone (see Figure 2 and Figure 3).
RKDD035 and RKDD036 were drilled 250m south of the Mawson discovery zone, with the aim of defining the chonolith interpreted to be the host of the primary mineralisation. Both drillholes intersected the targeted chonolith host of websterite and olivine gabbronorite before entering a fault zone between 213m and 223m in RKDD036 and 235m to 261m in RKDD035 (see Figure 4). Post exiting the fault zone, both holes intersected recrystallised intrusive suites before entering a metasedimentary country rock package interpreted to be a basal contact position. The chonolith was only weakly mineralised in places, with structural interpretation suggesting the fault has offset the lower intrusive suite of the chonolith. The intersection of the fertile host lithologies visually interpreted as the host of the Mawson discovery zone is highly encouraging.
DHTEM has been completed on RKDD035 and RKDD036 with end of hole conductors identified in both drillholes, however these conductors are not fully constrained (see Figure 4). Both conductors are interpreted to be in close proximity to the D5 stratigraphic conductor. Additional drilling 100m south of this section will test these conductors and investigate the interpreted offset position of the chonolith.
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Figure 4: Drill Section 6,598,300mN looking north.
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RKDD038 and RKDD041 were drilled as part of a traverse south-east of Mawson and 200m south of the EAGA. Modelling suggests the Mawson chonolith may sit below a thickened metasedimentary cap, with this drill traverse designed to test this model. RKDD038 intersected a thick sequence of meta-BIF’s, granulites, and metasediments to 280m downhole before intersecting a suite of recrystallised intrusives through to the end of hole. Magmatic disseminated, heavy disseminated, and bleb sulphide was encountered from 339m to 345.5m downhole, most notably in contact with a calc-silicate assemblage (see Figure 5). This is the first time the carbonate-intrusive contact has been identified at Mawson. This carbonate-intrusive contact is also seen at the Nova-Bollinger deposit.
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Figure 5: RKDD038 A: Fine disseminated Ni-Cu sulphide in recrystallised gabbronorite contact with calc-silicate. B: Magmatic Ni-Cu bleb and disseminated sulphide hosted in recrystallised gabbronorite and calc-silicate. C: Vein Ni-Cu sulphide from 345.2m. D: Disseminated Ni-Cu sulphide in altered gabbronorite.
RKDD041 intersected a thick metasedimentary package to the end of hole at 300.4m. This increase in thickness is interpreted as a fold closure, with additional drilling planned on the traverse to confirm this. As identified at Target Area 2, the current model suggests the thickened metasedimentary cap may sit on prospective mafic/ultramafic intrusions below.
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Target Area 2
Diamond drillholes RKDD037, RKDD039, and RKDD040 have been completed targeting the north-east untested portion of the EAGA (see Figure 2 and Figure 6). RKDD042 was drilled post the end of the March 2021 Quarter.
RKDD037 intersected a package of meta-BIF and metasedimentary units to the end of hole at 296.3m. Subsequent drilling on the same section (RKDD039 and RKDD040) suggest RKDD037 did not drill deep enough to penetrate a thickened metasedimentary cap and intersect prospective intrusion below. RKDD037 will be extended to test for intrusion below 300m downhole.
RKDD039 and RKDD040 intersected a large, thickened assemblage of highly prospective gabbronorite, olivine gabbronorite, and websterite lenses (see Figure 7). The high MgO lithologies appear visually identical to those of the chonolith at the Mawson discovery zone. The magmatic sulphide content increases from 308m in RKDD039, through to the interpreted basal contact position at 401m downhole. Examples of the magmatic disseminated and bleb sulphide encountered in RKDD039 are depicted in Figure 6. Two zones of disseminated and bleb sulphide were intersected between 228.6m-234.8m and 264.4m-283.3m downhole in RKDD040 (see Figure 8). Ongoing drilling across the three target areas will focus on defining these intrusive bodies and target structural trap sites for massive Ni-Cu sulphide mineralisation accumulation.
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Figure 6: A-A’ Oblique Section looking north-west showing diamond drillholes RKDD039 and RKDD040 in relation to RKDD023 and the modelled Mawson Chonolith, specifically depicting the significant thickening of intrusion heading north-east.
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Figure 7: A: Disseminated Ni-Cu sulphide from 372m downhole in RKDD039. B: Magmatic Ni-Cu bleb disseminated, and vein sulphide. C: Bleb and disseminated Ni-Cu sulphide in taxitic textured intrusive.
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Figure 8: Bleb and disseminated Ni-Cu sulphide in websterite and olivine gabbronorite from 267.4m downhole in RKDD040.
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METALLURGY
RKDD034 – Phase 1 Sighter Metallurgical Results
Strategic Metallurgy Pty Ltd were engaged by Legend Mining Ltd to conduct preliminary flotation test work to assess the ability to produce saleable nickel and copper concentrates from the Mawson massive sulphide (see Figure 9, Figure 10, Table 2, Table 3, and Table 4). The metallurgical samples were taken from diamond drillhole RKDD034 at Mawson as previously released to the ASX on 12 January 2021 (see Table 4 and Appendix 1).
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Photos: Left - Copper concentrate, Right – Nickel concentrate from Mawson Sulphide Samples
Highlights
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➢ Preliminary test work confirms Mawson massive sulphide responds well to conventional flotation.
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➢ Rougher recovery up to 98% for copper and 97% for nickel was achieved.
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➢ Recovery of 99% for copper and 88% for nickel to a bulk concentrate grade of 12.0% (Cu+Ni)
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➢ Selective flotation demonstrated the ability to produce separate saleable copper and nickel concentrates:
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Copper concentrate 31.8% Cu
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Nickel concentrate 13.1% Ni
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➢ Nickel concentrate highly desirable to market due to high Fe:MgO ratio (>300) with no other deleterious elements noted.
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➢ Optimisation expected to yield further improvement on current results.
Metallurgical samples were crushed to -3.35mm and split into 1kg sub-samples for flotation test work. The test work utilised depression of iron sulphides to selectively float separate copper and nickel concentrates. The flotation regime utilised common flotation reagents, similar to that used at IGO’s Nova Nickel mine.
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| Table 2: Composite Head Assay | Table 2: Composite Head Assay | Table 2: Composite Head Assay | |||
|---|---|---|---|---|---|
| Cu (%) | Ni (%) | Fe (%) | S (%) | MgO (%) | |
| Head assay | 1.66 | 2.61 | 56.2 | 35.8 | 0.16 |
The target minerals in the Mawson massive sulphide are primarily chalcopyrite and pentlandite. No deleterious silicate gangue minerals were noted during testing. Flotation of the massive sulphide sample yielded both bulk and separate saleable copper and nickel concentrates at moderately high recoveries. A simple bulk concentrate flotation flowsheet can produce saleable concentrates at the nominal grade of 12% (Cu+Ni) whilst achieving a high recovery of copper (99.0%) and nickel (88.2%).
| Table 3: Preliminary Concentrates Produced | Table 3: Preliminary Concentrates Produced | Table 3: Preliminary Concentrates Produced | Table 3: Preliminary Concentrates Produced | Table 3: Preliminary Concentrates Produced | Table 3: Preliminary Concentrates Produced | Table 3: Preliminary Concentrates Produced | Table 3: Preliminary Concentrates Produced | |
|---|---|---|---|---|---|---|---|---|
| Bulk Concentrate | Copper Concentrate | Nickel Concentrate | ||||||
| Nickel Recovery |
Copper Recovery |
Grade (Cu+Ni)% |
Recovery | Grade (Cu%) |
Recovery | Grade (Ni%) |
Fe:MgO | |
| Rougher | 99.2 | 99.9 | 4.5 | 93.1 | 24.2 | 91.7 | 2.68 | 1884 |
| Cleaner | 88.2 | 99.0 | 12.0 | 84.1 | 31.8 | 80.0 | 13.1 | 380 |
| Table 4: | Table 4: | RKDD034 - Assay Results | RKDD034 - Assay Results | RKDD034 - Assay Results | RKDD034 - Assay Results | ||
|---|---|---|---|---|---|---|---|
| Hole | From | To | Int. | Ni% | Cu% | Co% | Sulphide Mode |
| RKDD034 | 200.7 | 231.8 | 31.1 | 2.80 | 2.04 | 0.15 | Massive sulphide |
| Incl. | 204.0 | 216.0 | 12.0 | 3.00 | 1.96 | 0.16 | Massive sulphide |
See ASX Announcement dated 12 January 2021 for full details and competent person sign-off.
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Figure 9: Diamond Drillhole RKDD034 Location.
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Figure 10: Section 6,598,560mN showing diamond drillhole RKDD034.
Future Programmes
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Diamond drilling continuing with two diamond rigs at Mawson across priority target areas.
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DHTEM to be undertaken on all completed diamond drillholes.
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Integration of DD, RC, aircore geochemical and geophysical datasets to evolve 3D emplacement model of Mawson, with new constrained gravity and magnetic inversions ongoing.
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Diamond and RC drillhole planning/design/permitting for 2021 field season Regional Rockford
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RC/diamond and further aircore drill testing of Hurley and Crean.
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Regional innovative MLTEM and follow-up FLTEM.
2. CORPORATE
Annual Report and Notice of Annual General Meeting
In March 2021, the Company released and sent to shareholders its Annual Report for the year ended 31 December 2020 and its Notice of Annual General Meeting.
The Annual General Meeting will be held in person, subject to compliance with the Australian government’s restrictions on public gatherings. If the current arrangements with respect to the Annual General Meeting change, shareholders will be updated via an ASX announcement which will also be posted on the Company’s website.
The Annual General Meeting is being held at 3.00pm on Friday, 30 April 2021.
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Exercise of Options
During the March 2021 Quarter, 74,900,000 4 cent 30 March 2021 and 2,000,000 7.2 cent 30 September 2022 unlisted options were exercised which added $3.14M to the Company’s cash at bank.
Change of Directors Interest
Following the Exercise of Options during the March 2021 Quarter, the Company’s Managing Director, Mark Wilson, increased his interests in the Company by the exercise of 40,000,000 4 cent 30 March 2021 options, increasing his relevant interest in the Company to 169,748,200 ordinary shares, being a 6.16% interest in the Company. The Company’s Chairman, Michael Atkins also increased his interests in the Company by the exercise of 10,000,000 4 cent 30 March 2021 options, increasing his relevant interest in the Company to 17,108,334 ordinary shares.
Jindal Receivable
As previously advised, during the September 2020 Quarter Legend and Jindal agreed to a further revised repayment schedule of the outstanding debt, currently A$2.0M. With the COVID-19 situation in India, Legend intends to show continued patience on this matter.
ASX Additional Information
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ASX Listing Rule 5.3.1: Exploration and Evaluation Expenditure during the March 2021 Quarter was $944,000. Full details of exploration activity during the March 2021 Quarter are set out in this report.
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ASX Listing Rule 5.3.2: There was no substantive mining production and development activities during the March 2021 Quarter.
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ASX Listing Rule 5.3.5: Payments to related parties of the Company and their associates during the March 2021 Quarter: $203,000 - The Company advises that this relates to non-executive director’s fees and executive directors’ salaries and entitlements only. Please see Remuneration Report in the Annual Report for further details on Directors’ remuneration.
3. ROCKFORD JV (IGO-LEG JV)
Independence Group (IGO) reported to Legend during the March Quarter 2021 that the following activities had been completed on the JV tenure during the December Quarter 2020, specifically E28/2190, E28/2191 and E28/2675 under the JV agreement (see Figure 1):
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➢ MLTEM Surveying
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➢ Aircore drilling and associated assaying
A total of 124 aircore drillholes for 8,794 metres was completed at broad spacing across the tenure. A total of 484 stations of MLTEM were completed across target areas generated by aircore drilling. Results are pending at the time of writing, expected in FYQ4.
Authorised by Mark Wilson, Managing Director.
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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 (1 December 2020, 15 December 2020, 12 January 2021, and 18 January 2021, 11 February 2021, 9 March 2021, 14 April 2021) and Mr Derek Waterfield and Mr Oliver Kiddie consent to the inclusion of these Results in this report. Mr Waterfield and Mr Kiddie have 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 forwardlooking 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:
Mr Mark Wilson Mr Oliver Kiddie Managing Director Executive Director - Technical Ph: (08) 9212 0600 Ph: (08) 9212 0600
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– Appendix 1 Summary of Sulphide Mode, Type and Percentage
| Hole | Interval |
Sulphide Mode |
Sulphide Type |
Sulphide % |
|
|---|---|---|---|---|---|
| RKDD034 | 115.85 - 117.5 | Heavydisseminated | Violarite-pyrite | 5-20% | |
| RKDD034 | 118.4 - 121 | Heavydisseminated | Violarite-pyrite | 5-20% | |
| RKDD034 | 121 - 122.3 | Net-textured | Violarite-pyrite | 20-40% | |
| RKDD034 | 122.3 - 127.3 | Disseminated | Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 127.3 - 128.3 | Blebby - Heavy disseminated |
Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 128.3 - 130.6 | Heavy disseminated | Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 133.15 - 134.1 | Massive | Pyrrhotite-chalcopyrite- pentlandite |
>80% | |
| RKDD034 | 134.7 - 134.95 | Net-textured | Pyrrhotite-chalcopyrite- pentlandite |
20-40% | |
| RKDD034 | 134.95 - 138.45 | Massive | Pyrrhotite-chalcopyrite- pentlandite |
>80% | |
| RKDD034 | 138.45 - 138.7 | Breccia - Heavy disseminated |
Pyrrhotite-chalcopyrite- pentlandite |
20-40% | |
| RKDD034 | 138.7 - 148.85 | Heavy disseminated | Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 148.85 - 155.55 | Blebby - Heavy disseminated |
Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 156.9 - 159.6 | Heavy disseminated | Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 159.6 - 159.95 | Breccia - Semi-massive | Pyrrhotite-chalcopyrite- pentlandite |
>40% to <80% | |
| RKDD034 | 159.95 - 160.7 | Heavy disseminated | Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 160.7 - 161.9 | Breccia - Semi-massive | Pyrrhotite-chalcopyrite- pentlandite |
>40% to <80% | |
| RKDD034 | 161.9 - 167.05 | Heavily Disseminated | Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 167.05 - 172.55 | Massive | Pyrrhotite-chalcopyrite- pentlandite |
>80% | |
| RKDD034 | 172.55 - 174.85 | Disseminated | Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 200.7 - 231.8 | Massive | Pyrrhotite-chalcopyrite- pentlandite |
>80% | |
| RKDD034 | 236.6 - 237.3 | Blebby - Heavy disseminated |
Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 237.3 - 237.8 | Massive | Pyrrhotite-chalcopyrite- pentlandite |
>80% | |
| RKDD034 | 237.8 - 238.8 | Blebby - Heavy disseminated |
Pyrrhotite-chalcopyrite- pentlandite |
5-20% | |
| RKDD034 | 239.6 - 240.85 | Breccia - Semi-massive | Pyrrhotite-chalcopyrite- pentlandite |
>40% to <80% | |
| RKDD034 | 247.55 - 247.9 | Blebby - Net textured | Pyrrhotite-chalcopyrite- pentlandite |
20-40% | |
| RKDD034 | 250.25 - 250.65 | Blebby - Heavy disseminated |
Pyrrhotite-chalcopyrite- pentlandite |
5-20% |
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RKDD034 253.75 - 254.45 Massive Pyrrhotite-chalcopyrite>80% pentlandite
Cautionary Statement: The sulphide percentage is a visual estimate of total sulphide.
Appendix 2: 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% |
Appendix 3: Tenement Schedule as at 31 March 2021
Mining Tenements
| Tenement Reference |
Location | Interest at beginning of Quarter |
Acquired / Withdrawn |
Interest at end of Quarter |
Comments |
|---|---|---|---|---|---|
| E28/1716 | Fraser Range, Western Australia | 70% | N/A | 70% | 70:30 JV |
| E28/1717 | Fraser Range, Western Australia | 70% | N/A | 70% | 70:30 JV |
| E28/1718 | Fraser Range,Western Australia | 70% | N/A | 70% | 70:30 JV |
| E28/1727 | Fraser Range,Western Australia | 70% | N/A | 70% | 70:30 JV |
| E28/2188 | Fraser Range,Western Australia | 70% | N/A | 70% | 70:30 JV |
| E28/2189 | Fraser Range,Western Australia | 70% | N/A | 70% | 70:30 JV |
| E28/2190 | Fraser Range,Western Australia | 10% | N/A | 10% | 10:60:30 JV |
| E28/2191 | Fraser Range,Western Australia | 10% | N/A | 10% | 10:60:30 JV |
| E28/2192 | Fraser Range,Western Australia | 70% | N/A | 70% | 70:30 JV |
| E28/2404 | Fraser Range,Western Australia | 100% | N/A | 100% | 100% Legend |
| E28/2405 | Fraser Range,Western Australia | 100% | N/A | 100% | 100% Legend |
| E28/2675 | Fraser Range,Western Australia | 30% | N/A | 30% | 30:70 JV |
| E28/2676 | Fraser Range,Western Australia | 30% | N/A | 30% | 30:70 JV |
| E28/2677 | Fraser Range,Western Australia | 30% | N/A | 30% | 30:70 JV |
Farm-In or Farm-Out Arrangements
| Tenement Reference |
Location | Interest at beginning of Quarter |
Acquired / Withdrawn |
Interest at end of Quarter |
Comments |
|---|---|---|---|---|---|
| None | N/A | N/A | N/A | N/A | N/A |
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