LEGEND MINING LIMITED — Investor Presentation 2016

Jul 27, 2016

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A W E L L - F U N D E D E X P L O R E R I N T H E F R A S E R R A N G E

July / August 2016 Investor Presentation

ASX:LEG

DISCLOSURE

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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 not to be advisors make or may prove correct. Neither Legend Mining Limited, nor its officers, employees and 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 full time employee of 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 2012 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 in the form and context in which it appears.

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ABOUT LEGEND

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• ASX listed exploration company

• Market capitalisation ~$18.3M (2B shares @ 0.9c)

• Cash and liquids ~$8.5M as at 30 June 2016 (+$3M @ 4% December 2016)

• Fraser Range – Rockford Project

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Chairman Michael Atkins

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Managing Director Mark Wilson

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Exec. Director - Technical Derek Waterfield

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Company Secretary Dennis Wilkins

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PROJECT LOCATION

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• Located in northern Fraser Range district

• Acquisition date – 09/2015

• 120km NE of Nova 100km S of Tropicana

• 100% within Fraser Zone (18% of total area)

• Infrastructure access

Project potential for

• Nova style Nickel-Copper

• Tropicana style Gold

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EXPLORATION ACTIVITIES

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Systematic Strategy

• Six target areas tested with MLTEM surveys

Seven conductors identified

5 at Area D / 1 at Area E / 1 at Area F

• Five RC drillholes for 1,160m completed at Area D

FLTEM and DHTEM surveys completed at Area D

• Two diamond drillholes for 1,301m completed at Area D

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ROCKFORD PROJECT

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AREA D – MOVING LOOP ELECTROMAGNETIC SURVEYS

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AREA D

• Five conductors identified associated with gravity feature

• RC drillholes tested conductors D1, D2 & D4

• D1 explained – 22m graphite schist from 174m

• D4 explained – DHTEM and assays

• FLTEM at D2 and D5

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ROCKFORD PROJECT

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AREA D – FIXED LOOP ELECTROMAGNETIC SURVEYS

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AREA D

• Three new conductors

• ( D6, D7 & D8)

• Two diamond drillholes tested conductors

• Drillholes intersected

• Cumulate gabbro with disseminated sulphides

• Pyrrhotite (Fe) with minor pentlandite (Ni) and chalcopyrite (Cu)

• Core for geology

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ROCKFORD PROJECT

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ROCKFORD PROSPECTIVITY FOR DISCOVERY - GRAVITY

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• Fraser Zone defined by major gravity “ridge”

• Represents increased density due mafic and ultramafic intrusives: Host rocks for Ni-Cu mineralisation

• Several “hot spots” within gravity ridge

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• Nova and Area D both lie on the northern margin of a gravity “hot spot”

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ROCKFORD PROJECT

ROCKFORD PROSPECTIVITY FOR DISCOVERY - LITHOLOGY

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Legend Drillhole RKDD002 Similarities to Nova

• Upper & lower gabbro units

• Sulphidic metasediment and granulite sequence (sulphur source)

• Gabbro with cumulate texture containing disseminated pyrrhotite and minor pentlandite-chalcopyrite (“the right rock type”)

Nova-Bollinger Schematic Section (SIR 2014)

RKDD002 – Simplified Drill Log Summary	RKDD002 – Simplified Drill Log Summary
Interval	Description
0 – 80.6m	Regolith
80.6 – 207.0m	Gabbro
207.0 – 603.5m	Mafic-Felsic Granulite / Metasediment
459.3-472.9m	Sulphidic interval
503.0-514.4m	Sulphidic interval
526.4-583.9m	Sulphidic interval
603.5 – 690.6m	Gabbro
626.3-626.8m	Sulphidic interval
661.0-661.35m 690.6 – 717.7m	Sulphidic interval Mafic Granulite / Metasediment

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ROCKFORD PROJECT

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ROCKFORD PROSPECTIVITY FOR DISCOVERY - DRILL CORE

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Stringer/disseminated pyrrhotite with minor chalcopyrite in mafic granulite/metasediment - Potential source of sulphur - RKDD001: 566.8m

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Stringer/disseminated pyrrhotite with pentlandite in mafic granulite/metasediment

• Unit lies between upper and lower gabbro

• • Potential source of sulphur
• • RKDD002: 508.5m

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Disseminated pyrrhotite with trace pentlandite and chalcopyrite in cumulate textured gabbro - Favourable host rock for Ni-Cu mineralisation - RKDD002: 626.5m

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ROCKFORD PROJECT

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FUTURE PROGRAMMES

• Full review of Area D exploration results, incorporating drilling, EM, gravity and aeromagnetic data: Integration with existing datasets

• Infill gravity survey to assist target selection

• Regional MLTEM surveys and regional aircore drilling ~5,000m

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T H A N K Y O U

L E G E N D M I N I N G L I M I T E D A S X : L E G 11

ROCKFORD PROJECT

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ROCKFORD PROJECT