LEGEND MINING LIMITED — Investor Presentation 2011

Aug 31, 2011

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Legend Mining Limited
Level 2, 640 Murray Street, West Perth WA 6005
Tel: +61 8 9212 0600 | Fax: +61 8 9212 0611
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“ Legend, Cameroon, Iron Ore”

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Africa Down Under Perth September 2011
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This is not a disclosure document. Any material used in this presentation is a summary of selected data, and any investor in Legend Mining Limited should refer to all Legend Mining Limited ASX releases and statutory reports before considering to invest in the company.

Any forward looking information in this presentation has been prepared on the basis of a number of assumptions that may prove not to be correct. Neither Legend Mining Limited, nor its officers, employees and advisors make or give any representation, warranty or guarantee in relation to this presentation.

Legend Mining Limited reserves the right to update, amend or supplement the Information in this presentation at any time in its absolute discretion without incurring any obligation to do so.

The information in this presentation that relates to exploration results is based on information compiled by Mr Derek Waterfield who is a member of the Australian Institute of Geoscientists and is a consultant to Legend Mining Limited.

Mr Derek Waterfield has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).

Mr Derek Waterfield consents to the inclusion in this presentation of the matters that relate to exploration results which in the form and context in which it appears.

www.legendmining.com.au

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Chairman Managing Non-Executive Michael Atkins Director Director Mark Wilson Dermot Ryan

www.legendmining.com.au

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Shares

1,740 M

Options

391M @ 4c (04/02/2015) 30M @ 6c (04/02/2015) 11.4M Employee Options 800M Performance Options (04/02/2015)

Cash (incl. Shares)

• $11.4M (30/06/2011)

Capitalisation

$61M @ $0.035 (12 month range $40-170M)

www.legendmining.com.au

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• Mineral Exploration Company with a strong cash position

• Focussed on Iron Ore in West Africa

• 3900km[2] in two project areas in Cameroon

• One project area in Western Australia

• Management strategy for growth

• Delineate magnetite resource whilst continuing the search for DSO in Cameroon

• Further project acquisition

www.legendmining.com.au

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www.legendmining.com.au

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People

Infrastructure

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Project Size Iron Ore Prospectivity

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Sundance Ltd Access Co-operation Agreement May 2011

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2972km[2] contiguous area held by three granted exploration permits

Extensive aeromagnetic survey completed February 2010

Red indicates highest total magnetic intensity

Red areas much more extensive than indicated by previous mapping (BRGM 1986) Exploration Activity Summary

www.legendmining.com.au

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Average DTR Product Grade for Sample Met1	Average DTR Product Grade for Sample Met1	Average DTR Product Grade for Sample Met1	Average DTR Product Grade for Sample Met1	Average DTR Product Grade for Sample Met1	Average DTR Product Grade for Sample Met1	Average DTR Product Grade for Sample Met1	Average DTR Product Grade for Sample Met1	Average DTR Product Grade for Sample Met1
Product	**Mass % **	Fe Distribution%	Fe%	SiO2%	Al2O3%	P%	S%	LOI%
Head	100	100	31.45	47.48	2.98	0.097	0.070	-0.89
Concentrate	36.8	82.7	70.8	1.42	0.20	0.006	0.028	-3.30

Coarse Grain Low Impurities Coarse Grind Simple Process Low Power Cost Low Cost

High Iron

Saleable Product

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Magnetite Gneiss Core – Hole NESD011 (sample MET1)

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Niton Gun

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 Inputs

• Assumed location at Melombo East

• Assumed metallurgy from March 2011 test work

• Independent consultants conducted study

 Outputs

• Capex <US$1B

• Opex <US$50/t concentrate

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Cameroon Project Location and Infrastructure

 Takeaways

• Highlights quality of magnetite concentrate

• Highlights advantages of location & Infrastructure

• Highlights multi deposit potential of Project

NyongRiver

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 Magnetite Gneiss identified as host rock

 Positive Metallurgical Test/Quality Magnetite

• DSO Potential

• Drilling ongoing

• Reconnaissance work ongoing

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www.legendmining.com.au

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CAMEROON the home of the INDOMITABLE LIONS

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Exploration Spirit to Cameroon

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