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LEGEND MINING LIMITED Regulatory Filings 2021

Jul 11, 2021

65223_rns_2021-07-11_420aa75a-ccb7-4c62-b54b-9d3f582e3e67.pdf

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ASX Announcement

ASX:LEG

12 July 2021

Results from New Assays and Diamond Drillholes

  • Semi-massive and massive sulphide assay results in RKDD053 return;

  • 11.0m @ 1.02% Ni, 0.54% Cu, 0.09% Co from 132m

    • Incl. 2.94m @ 1.48% Ni, 0.49% Cu, 0.12% Co from 136m
  • 2.0m @ 1.13% Ni, 0.96% Cu, 0.09% Co from 144.7m

  • Diamond drilling continues to extend the mineralised intrusion footprint

  • Downhole EM (DHTEM) ongoing, identifying multiple new targets

  • Prospective intrusion confirmed 2km south of Mawson

Legend Mining Limited (Legend) is pleased to report the results from assays received and on the geology and DHTEM from the latest diamond drillholes at its flagship Mawson nickel-coppercobalt prospect within the Rockford Project, Fraser Range, Western Australia (see Figure 7).

Comprehensive details are contained in the body of this report.

Legend Managing Director Mr Mark Wilson said: “The significance of results from hole 53 is an eleven metre intercept of plus 1% nickel and the presence of massive sulphides several hundred metres from the Mawson discovery zone.

“Meanwhile the geology and geophysics (DHTEM conductors) from the next nine holes reported in this announcement continues to grow the mineralised footprint of the intrusion - the evolution of the Mawson story.”

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Photo 1: Ni-Cu sulphide mineralisation from RKDD053 from 135-140m.

P a g e 1

Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

ASX Announcement

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TECHNICAL DISCUSSION

Below is a technical summary of assays received and the diamond drilling completed at the Mawson Ni-Cu-Co prospect since the ASX Announcement 11 June 2021 . A total of nine further diamond drillholes have been completed or in progress (RKDD054-RKDD062), with two rigs continuing double-shift diamond drilling (see Figure 1 and Figure 2).

Systematic step-out diamond drilling across Mawson continues to add knowledge to existing datasets. This step-out drilling continues to grow the Mawson intrusion, intersecting fertile intrusion as well as defining the architecture of the Mawson intrusion in relation to the country rock. The evolving understanding of the Mawson structural architecture is critical for the identification of trap sites for massive Ni-Cu sulphide accumulations. The 3D model driving predictive exploration at Mawson continues to evolve with this new data and continues to be very accurate as a predictive tool for targeting interpreted fertile intrusion. An updated 3D model will be released to the market in the coming weeks. Ongoing drilling across Mawson will focus on continued definition of these intrusive bodies and targeting of structural trap sites for massive NiCu sulphide accumulation.

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Figure 1: Diamond drillhole locations and defined chonolith model projected to surface over aeromagnetics

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Assays from RKDD053 - Section 6,598,400mN

Assays have been received from RKDD053 which intersected a zone of dominantly massive, semi-massive, and matrix sulphide, with lesser heavy disseminated and disseminated sulphide between 132.07m and 163.28m (see Table 1, Appendices 1-2, and Photo1) before finishing at 260.4m in meta-BIF. Best results from the mineralised zone include 11.0m @ 1.02% Ni, 0.54% Cu, 0.09% Co from 132m, including 2.94m @ 1.48% Ni, 0.49% Cu, 0.12% Co from 136m, and 2.0m @ 1.13% Ni, 0.96% Cu, 0.09% Co from 144.7m.

Table 1: Diamond Drillhole RKDD053 - Assay Results

Table 1: Diamond Drillhole RKDD053 - Assay Results Table 1: Diamond Drillhole RKDD053 - Assay Results Table 1: Diamond Drillhole RKDD053 - Assay Results Table 1: Diamond Drillhole RKDD053 - Assay Results Table 1: Diamond Drillhole RKDD053 - Assay Results Table 1: Diamond Drillhole RKDD053 - Assay Results Table 1: Diamond Drillhole RKDD053 - Assay Results Table 1: Diamond Drillhole RKDD053 - Assay Results Table 1: Diamond Drillhole RKDD053 - Assay Results
Hole From To Int. Ni% Cu% Co% S% Sulphide Mode
RKDD053 132.0 143.0 11.0 1.02 0.54 0.09 20.35 Semi-massive and massive sulphide
Incl. 136.06 139.0 2.94 1.48 0.49 0.12 27.69 Massive sulphide
RKDD053 144.7 146.7 2.0 1.13 0.96 0.09 22.2 Matrix, massive, and semi-massive
sulphide
RKDD053 146.70 163.79 17.09 0.45 0.29 0.04 8.87 Disseminated, matrix, and heavy
disseminated sulphide

As previously reported, diamond drillhole RKDD053 was designed to test the off-hole conductor above RKDD043, interpreted to be extensions of the massive and semi-massive Ni-Cu sulphide mineralisation encountered in-hole (see Figure 1 and Figure 3). DHTEM has been completed on RKDD053 identifying two conductors interpreted to be extensions to the mineralisation, suggesting this zone will host more massive sulphide mineralisation (see Table 2).

Section 6,599,000mN

Diamond drillhole RKDD060 was completed 200m west of RKDD037, designed to chase and extend the mineralised chonolith at depth below the highly magnetic feature interpreted to be a thickened, folded metasedimentary package (see Figure 1 and Figure 4).

RKDD060 encountered a metasedimentary hanging wall sequence of meta-BIF, and metaconglomerate to 436.1m downhole before entering a variably mineralised intrusive sequence of gabbronorite, websterite, and olivine gabbronorite to 594.6m. The hole then entered the footwall sequence of meta-conglomerate and meta-BIF to end of hole at 653.4m.

The mineralised intrusion remains open down dip to the west, with the interpretation that the metaconglomerate represents a structural pathway for the Mawson chonolith. Further drilling is planned to interrogate this potential intrusive feeder.

DHTEM of RKDD060 is pending.

P a g e 3

Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Section 6,599,200mN

Diamond drillhole RKDD058 has been completed on section 6,599,200mN, 200m east of RKDD044. Drilling continues to target the interpreted northern extension of the Mawson chonolith (see Figure 1 and Figure 5).

As reported to ASX on 28 April 2021 , RKDD044 intersected a heavily mineralised gabbronorite to 476.75m, including a zone of net-textured, semi-massive, and massive Ni-Cu sulphide from 453.2m to 458.1m. RKDD058 drilled 200m east of RKDD044 encountered two mineralised mafic and ultramafic intrusions between 149.45m–171.34m and 309.24m–448.16m downhole. Mineralisation intersected was largely disseminated, with local zones of heavy disseminated magmatic Ni-Cu sulphide (see Photo 2).

DHTEM has been completed on RKDD058 and identified two large, highly conductive features (see Table 2). The conductive features sit proximal to the MLTEM D3 conductor but are noticeably smaller in strike length and different in dip orientation. Given mineralised intrusive has been encountered within close proximity to these conductors and recognising the masking effects of the large stratigraphic features, there is the possibility that sulphide related conductors are potentially hiding in the stratigraphic EM shadow. In addition, RKDD046 DHTEM has identified two large conductive features proximal to the RKDD042 and RKDD044 conductors and the D3 conductor, further highlighting the geophysical complexity of this zone.

The mineralised intrusion remains open to the east and north. Further step-out drilling is planned to follow the mineralised intrusion in the open directions, as well as test the DHTEM targets once models are fully constrained.

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Photo 2: Disseminated Ni-Cu sulphide from RKDD058 from 320m.

P a g e 4

Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Section 6,599,400mN

Drilling of this section has just begun, starting by chasing the interpreted mineralised chonolith to the north-east corner of the Mawson intrusion (see Figure 1). RKDD056 and RKDD062 are currently undergoing geological and structural logging and are also scheduled for DHTEM. Early indications from RKDD062 are encouraging with identification of mineralised gabbronorite intrusion and remobilised massive Ni-Cu sulphide veining (see Photo 3).

RKDD054 was drilled on the west side of the Mawson intrusion as the first hole in a drill traverse on this section (see Figure 1). The hole intersected interleaved metasedimentary units with mafic intrusive assemblages. Textural, structural, and alteration observations suggest the drillhole drilled down the edge of the Mawson intrusion. DHTEM has been completed and identified inhole and off-hole responses with modelling pending. Additional drilling on this section will be completed with associated DHTEM.

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Photo 3: Ni-Cu sulphide mineralisation from RKDD062.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Section 6,596,800mN

A new prospective mafic/ultramafic intrusion within the Mawson Intrusive Complex was first identified in RKRC041 as reported to ASX on 18 January 2021 (see Figure 2 and Figure 6) .

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Figure 2: Diamond drillhole locations within the new intrusion 2km south of Mawson over aeromagnetics

An east-west traverse of three diamond drillholes has been completed across the interpreted intrusion area to test for prospective and fertile mafic and ultramafic host lithologies, as well as structural architecture of the intrusion. Drillholes RKDD055/057/059 intersected a large series of mafic and ultramafic intrusives ranging from gabbronorite and olivine gabbronorite through to very high MgO harzburgite (see Photo 4). Minor mineralisation was encountered, however identification of olivine-rich harzburgite and fractionated mafic suites suggests this new intrusion displays the key components to be fertile for Ni-Cu sulphide mineralisation.

DHTEM is currently scheduled for RKDD055/057/059. Additional drilling will be planned across this new intrusion once assay and DHTEM results are received.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Photo 4: High MgO ultramafic encountered in RKDD059 from 346m from the new intrusion 2km south of Mawson.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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ASX Announcement

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Figure 3: Drill section 6,598,400mN looking north showing diamond drillholes RKDD043 and RKDD053 (Note – conductors strike N-S).

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Figure 4: Drill section 6,599,000mN looking north showing diamond drillhole RKDD060.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Figure 5: Drill section 6,599,200mN looking north showing diamond drillhole RKDD058.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Figure 6: Drill section 6,596,800mN looking north showing diamond drillholes RKDD055, RKDD057, and RKDD059.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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DHTEM

Modelled DHTEM conductors from completed diamond drillholes are shown below in Table 2. DHTEM is ongoing at the time of writing, with completed drillholes scheduled for surveying in the coming weeks.

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Table 2: Modelled DHTEM Conductor Parameters
Conductor Conductance Dimensions Plate Orientation Depth Downhole Plate Dip
RKDD046
~8,000S 1,000m x 1,000m NE-SW ~300m off bottom of hole 80-90 [0 ]
(offhole)
RKDD046
~11,000S 1,000m x 1,000m NE-SW ~300m off bottom of hole Sub vertical
(offhole)
RKDD046
~15,000S 1,000m x 1,000m NE-SW ~300m off bottom of hole 80-90 [0]
(offhole)
RKDD053
2,500-3,500S 15m x 15m N-S ~125-135m downhole Sub vertical
(offhole)
RKDD053
~4,000-6,000S 40m x 40m N-S ~135-160m downhole Sub vertical
(offhole)
RKDD058
17,000-18,000S 700m x 1,500m NE-SW ~100m off bottom of hole 75 [0]
(offhole)
RKDD058
15,000-16,000S 650m x 1,400m NE-SW ~100m off bottom of hole 65 [0]
(offhole)
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Assays

Assay results from drillholes RKDD045, RKDD047-054, and RKDD056 have now been received (see Table 3). Significant Ni-Cu intersections were returned from RKDD053 associated with semimassive and massive sulphide intervals. Elevated Ni-Cu values in the range 0.05-0.45% were also returned from a number of drillholes associated with disseminated and heavy disseminated sulphides in mafic and ultramafic intrusive, as expected.

Table 3: Diamond Drillhole Assays >0.1% Ni

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Hole From To Int Ni% Cu% Co% S%
RKDD049 367 368 1 0.19 0.12 0.02 1.44
RKDD049 386 387 1 0.10 0.04 0.01 0.47
RKDD049 390 391 1 0.15 0.08 0.02 1.01
RKDD049 440.35 441.90 1.55 0.26 0.28 0.04 10.55
RKDD049 447.95 448.80 0.85 0.20 0.23 0.03 10.40
RKDD051 376 378 2 0.10 0.05 0.01 1.00
RKDD051 386 387 1 0.12 0.12 0.02 4.07
RKDD051 414 417 3 0.28 0.17 0.02 2.77
RKDD051 449 450 1 0.10 0.07 0.01 1.40
RKDD053 66.29 67.29 1 0.12 0.11 0.02 2.97
RKDD053 74.55 75.57 1.02 0.24 0.27 0.04 12.65
RKDD053 107 108 1 0.19 0.13 0.02 5.21
RKDD053 128 129 1 0.22 0.11 0.02 4.01
RKDD053 130 132 2 0.16 0.10 0.01 3.09
RKDD053 132 143 11 1.02 0.54 0.09 20.35
RKDD053 136.06 139.0 2.94 1.48 0.49 0.12 27.69
RKDD053 144.7 146.7 2 1.13 0.96 0.09 22.20
RKDD053 146.70 163.79 17.09 0.45 0.29 0.04 8.87
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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

ASX Announcement ASX:LEG

Mawson Future Programmes

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

  • DHTEM to be undertaken on all completed diamond drillholes.

  • Integration of diamond, 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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Figure 7: Rockford Project – Mawson Location

Authorised by Mark Wilson, Managing Director.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Appendix 1 – RKDD053 Summary Drill Log of Ni-Cu Mineralisation

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Sulphide %
Hole Interval Sulphide Mode Sulphide Type
(Visual Estimate)
RKDD053 66.29 - 69.9m Disseminated Sulphide [Pyrrhotite-chalcopyrite-] 1-5%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD053 74.55 - 75.51m Matrix Sulphide 20-40%
pentlandite
Heavy Disseminated Pyrrhotite-chalcopyrite-
RKDD053 79.73 - 80.33m 5-20%
Sulphide pentlandite
RKDD053 100.8 - 102.82m Disseminated Sulphide [Pyrrhotite-chalcopyrite-] 1-5%
pentlandite
RKDD053 109.51 - 117.38m Disseminated Sulphide [Pyrrhotite-chalcopyrite-] 1-5%
pentlandite
RKDD053 127.56 - 132.07m Disseminated Sulphide [Pyrrhotite-chalcopyrite-] 1-5%
pentlandite
RKDD053 132.07 - 136.06m Semi-massive Sulphide [Pyrrhotite-chalcopyrite-] >40% to <80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD053 136.06 - 139.28m Massive Sulphide >80%
pentlandite
RKDD053 139.28 - 142.95m Semi-massive Sulphide [Pyrrhotite-chalcopyrite-] >40% to <80%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD053 142.95 - 144.7m Matrix Sulphide 20-40%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD053 144.7 - 146.22m Massive Sulphide >80%
pentlandite
RKDD053 146.22 - 149.89m Semi-massive Sulphide [Pyrrhotite-chalcopyrite-] >40% to <80%
pentlandite
RKDD053 149.89 - 156.73m Disseminated Sulphide [Pyrrhotite-chalcopyrite-] 1-5%
pentlandite
Pyrrhotite-chalcopyrite-
RKDD053 156.73 - 161.79m Matrix Sulphide 20-40%
pentlandite
RKDD053 161.79 - 163.28m [Heavy Disseminated ] Pyrrhotite-chalcopyrite- 5-20%
Sulphide pentlandite
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Cautionary Statement: The sulphide percentage is a visual estimate of total sulphide.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

ASX Announcement ASX:LEG

Appendix 2 – RKDD053 Sulphide Interval 131.1 – 162.75m

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Appendix 3 – Mawson Diamond Drillhole Details

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Hole MGA20-East MGA20-North RL Azimuth Dip Total Depth (m)
RKDD035 638735 6598300 203 270 -60 382.6
RKDD036 638634 6598300 202 270 -60 362.9
RKDD037 639301 6599005 204 90 -60 513.2
RKDD038 639300 6598400 204 90 -60 454.1
RKDD039 639500 6599000 205 90 -60 445.4
RKDD040 639700 6599000 204 90 -60 372.1
RKDD041 639100 6598400 205 90 -60 486.4
RKDD042 639900 6599000 204 90 -60 333.1
RKDD043 638900 6598400 202 90 -60 393.3
RKDD044 639900 6599200 205 90 -60 519.3
RKDD045 639100 6598200 205 270 -60 189.1
RKDD046 639700 6599194 204 90 -60 576.9
RKDD047 638898 6598208 205 270 -60 297.3
RKDD048 638755 6598205 202 270 -60 141.3
RKDD049 639498 6599194 205 90 -60 510.3
RKDD050 638700 6598399 202 90 -60 426.25
RKDD051 639300 6599200 201 90 -60 597.5
RKDD052 638647 6598200 202 270 -60 351.4
RKDD053 638930 6598409 201 90 -60 260.4
RKDD054 638900 6599500 200 90 -60 375.1
RKDD055 639660 6596800 203 90 -60 516.2
RKDD056 639900 6599400 204 90 -60 334.6
RKDD057 639375 6596800 204 90 -60 616.4
RKDD058 640100 6599200 204 88 -60 596.7
RKDD059 639087 6596800 204 90 -60 641.7
RKDD060 639100 6599000 204 88 -60 653.4
RKDD061 638950 6598750 200 267 -60 Ongoing
RKDD062 640100 6599400 204 88 -60 381.2
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Co-ordinates GDA2020 Zone 51

Appendix 4 - Legend Field Logging Guidelines

Legend Field Logging Guidelines

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Sulphide Mode Percentage Range
Disseminated & blebby 1-5%
Heavy Disseminated 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 (18 January 2021, 14 April 2021, 28 April 2021, 1 June 2021, and 11 June 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 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 Oliver Kiddie Managing Director Executive Director Ph: +61 8 9212 0600 Ph: +61 8 9212 0600

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

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Appendix 5:

Legend Mining Ltd – Diamond Drilling Programme Mawson Prospect - Rockford Project JORC Code Edition 2012: Table 1

Section 1: Sampling Techniques and Data

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Criteria JORC Code Explanation Commentary
Sampling techniques • Nature and quality of sampling  Diamond drilling was used to produce
(e.g., cut channels, random half NQ core samples (between 0.2m-
chips, or specific specialised 1.2m) which were submitted to
industry standard measurement Intertek Genalysis Laboratory
tools appropriate to the minerals Services Perth for geochemical
under investigation, such as analysis.
down hole gamma sondes, or  Sample intervals were based on
handheld XRF instruments, geology and style of sulphide
etc.). These examples should occurrence.
not be taken as limiting the  QAQC standard samples were
broad meaning of sampling. included.
• Include reference to measures  Samples were analysed for:
taken to ensure sample  Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce,
representivity and the Co, Cr, Cs, Cu, Dy, Er, Eu, Fe,
appropriate calibration of any Ga, Gd, Ge, Hf, Ho, In, K, La, Li,
measurement tools or systems Lu, Mg, Mn, Mo, Na, Nb, Nd, Ni, P,
used. Pb, Pr, Rb, Re, S, Sb, Sc, Se, Sm,
Sn, Sr, Ta, Tb, Te, Th, Ti, Tl, Tm,
• Aspects of the determination of
U, V, W, Y, Yb, Zn, Zr by methods
mineralisation that are Material
4A/MS48R and 4AH/OE (four acid
to the Public Report. In cases
digest with ICP-MS finish).
where ‘industry standard’ work  Au, Pt, Pd by method FA50/MS
has been done this would be (fire assay with an ICP-MS finish).
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.
Drilling techniques • Drill type (e.g., core, reverse  Diamond drillholes RKDD054-062
circulation, open-hole hammer, were pre-collared using the mud
rotary air blast, auger, Bangka, rotary technique.
sonic, etc.) and details (e.g.,  No samples were recovered from the
core diameter, triple or standard mud rotary pre-collar.
tube, depth of diamond tails,  The remainder of the holes were
face-sampling bit or other type, diamond drilled with HQ then NQ
whether core is oriented and if coring to end of hole.
so, by what method, etc.).  Terra Drilling completed the drilling.
Drill sample recovery • Method of recording and  Drill core sample recoveries for the
assessing core and chip sample HQ-NQ core were measured and
recoveries and results recorded in drill log sheets.
 Drill core orientation was recorded
assessed.
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Criteria JORC Code Explanation Commentary
• Measures taken to maximise when possible at the end of each drill
run (line on bottom of core).
sample recovery and ensure
 No relationship has been determined
representative nature of the
between sample recoveries and
samples.
grade and there is insufficient data to
• Whether a relationship exists determine if there is a sample bias.
between sample recovery and
grade and whether sample bias
may have occurred due to
preferential loss/gain of
fine/coarse material.
Logging • Whether core and chip samples  Geological logging of drillholes
have been geologically and RKDD054-062 included; lithology,
geotechnically logged to a level grainsize, texture, structure,
of detail to support appropriate deformation, mineralisation, alteration,
Mineral Resource estimation, veining, colour, weathering.
mining studies and metallurgical  Drill core logging is qualitative and
studies. based on drill core retained in core
trays.
• Whether logging is qualitative or
 The drillholes were logged in their
quantitative in nature. Core (or
entirety.
costean, channel, etc.)
photography.
• The total length and percentage
of the relevant intersections
logged.
Sub-sampling • If core, whether cut or sawn and  Selected sawn half NQ core samples
techniques and sample whether quarter, half or all core based on geology and sulphide
preparation taken. occurrence were submitted for
geochemical analysis.
• If non-core, whether riffled, tube  The size of the sample from the
sampled, rotary split, etc. and
diamond drilling method is considered
whether sampled wet or dry. appropriate for the mineralisation
• For all sample types, the nature, style sought and for the analytical
quality and appropriateness of technique used.
the sample preparation  Sample preparation includes; drying,
technique. crushing and pulverising before
analysis.
• Quality control procedures
 QAQC standard samples were
adopted for all sub-sampling
included.
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.
Quality of assay data • The nature, quality and  Core samples were analysed for:
and laboratory tests appropriateness of the assaying  Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce,
and laboratory procedures used Co, Cr, Cs, Cu, Dy, Er, Eu, Fe,
and whether the technique is Ga, Gd, Ge, Hf, Ho, In, K, La, Li,
considered partial or total. Lu, Mg, Mn, Mo, Na, Nb, Nd, Ni, P,
Pb, Pr, Rb, Re, S, Sb, Sc, Se, Sm,
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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

ASX Announcement

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Criteria JORC Code Explanation Commentary
• 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.
Sn, Sr, Ta, Tb, Te, Th, Ti, Tl, Tm,
U, V, W, Y, Yb, Zn, Zr by methods
4A/MS48R and 4AH/OE (four acid
digest with ICP-MS finish).
Au, Pt, Pd by method FA50/MS
(fire assay with an ICP-MS finish).
These assay methods are
considered appropriate.
QAQC standard samples were
included. In addition, reliance is
placed on laboratory procedures and
internal laboratory batch standards
and blanks.
All samples were analysed by Intertek
Genalysis Laboratory Services Perth.
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 adjustments of assay results have
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 RKDD054-062
were designed to test extensions of
interpreted mineralised intrusive
packages.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

ASX Announcement

ASX:LEG

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Criteria JORC Code Explanation Commentary
Orientation of data in • Whether the orientation of  The relationship between drill
relation to geological sampling achieves unbiased orientation and mineralisation is
structure sampling of possible structures unknown.
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.
Sample security • The measures taken to ensure  Individual calico sample bags from the
sample security. diamond drilling were placed in
polyweave bags and hand delivered
directly to the assay laboratory in
Kalgoorlie by company personnel.
 All diamond drill core will be removed
from site and stored at an appropriate
facility.
Audits or reviews • The results of any audits or  Internal audits/reviews of procedures
reviews of sampling techniques are ongoing, however no external
and data. reviews have been undertaken.
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Section 2: Reporting of Exploration Results

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Criteria JORC Code Explanation Commentary
Mineral tenement • Type, reference name/number,  The Rockford Project comprises nine
and land tenure location and ownership including granted exploration licences, covering
status agreements or material issues 2,430km [2] , (Legend manager).
with third parties such as joint  Rockford JV tenements:
ventures, partnerships,  E28/2188, 2189, 2192 (70%
overriding royalties, native title Legend, 30% Rockford Minerals Pty
interests, historical sites, Ltd)
wilderness or national park and  E28/1716, 1717, 1718, 1727 (70%
environmental settings. Legend, 30% Ponton Minerals Pty
• The security of the tenure held at Ltd).
the time of reporting along with  Legend 100%: E28/2404, 2405.
any known impediments to  The Project is located 280km east of
obtaining a licence to operate in Kalgoorlie mostly on vacant crown
the area. land with the eastern portion on
Kanandah Pastoral Station.
 Tenements E28/1716, 1717, 2192,
2405 are covered by the 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 are no known impediments.
Exploration done by • Acknowledgment and appraisal  Not applicable, not referred to.
other parties of exploration by other parties.
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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

ASX Announcement

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Criteria JORC Code Explanation Commentary
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.
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 3.
Drill core photos of sulphide intervals
in RKDD053 are provided in
Appendix 2.
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.
Individual sample assays and
weighted averages are presented.

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia

ASX Announcement

ASX:LEG

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Criteria JORC Code Explanation Commentary
Relationship • These relationships are  The drill core has been oriented to
between particularly important in the enable structural logging and
mineralisation reporting of Exploration Results. evaluation of true thicknesses of the
widths and intercept mineralised intervals.
lengths • If the geometry of the  Drillhole intercepts/intervals are
mineralisation with respect to the measured downhole in metres.
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  Project and drillhole location maps,
(with scales) and tabulations of and drill sections have been included
intercepts should be included for in the body of the report.
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.
Balanced reporting • Where comprehensive reporting  Assay results presented are
of all Exploration Results is not balanced.
practicable, representative
reporting of both low and high
grades and/or widths should be
practiced to avoid misleading
reporting of Exploration Results.
Other substantive • Other exploration data, if  Detailed high quality aeromagnetic
exploration data meaningful and material, should and gravity datasets, aircore drilling
be reported including (but not ground EM surveys and DHTEM
limited to): geological surveys have been used to target
observations; geophysical survey drilling.
results; geochemical survey  GEM Geophysics completed
results; bulk samples – size and downhole EM surveying of RKDD053,
method of treatment; 054, and 058.
metallurgical test results; bulk DHTEM Details
density, groundwater,  Loop Size: 300mx300m, double turn
geotechnical and rock  Station Spacing: 2-10m intervals
characteristics; potential  Sensor: B-field DigiAtlantis
deleterious or contaminating  Base/frequency: 0.125Hz
substances.  Stacking: ~32-64 stacks, 2-3
repeatable readings
Further work • The nature and scale of planned  Submit selection of RKDD055, 057-
further work (e.g., tests for lateral 062 for geochemical analysis.
extensions or depth extensions  Assessment of geochemical results.
or large-scale step-out drilling).  Complete DHTEM surveying of all
• Diagrams clearly highlighting the drillholes.
areas of possible extensions,  Full integration of geological,
including the main geological geophysical and geochemical data.
interpretations and future drilling  Plan further diamond and RC
areas, provided this information drillholes.
is not commercially sensitive.
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P a g e 24

Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia