LEGEND MINING LIMITED — Investor Presentation 2025

Feb 17, 2025

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for Deep Value Patient Money

Esplanade Hotel, Fremantle 18-20 February 2025

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Legend Mining 1

Disclaimer

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 Resource, 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.

Competent Person Statement

The information in this presentation 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 presentation of the matters based on his information in the form and context in which it appears.The information in this presentation that relates to Legend’s Exploration Results is a compilation of previously released reports to ASX by Legend Mining (9 July 2019, 27 August 2019, 28 April 2021, 9 June 2022, 29 July 2022, 17 August 2022, 15 September 2022, 17 November 2022, 2 February 2023, 28 March 2023, 20 April 2023, 17 May 2023, 5 June 2023, 27 June 2023, 31 July 2023, 31 August 2023, 3 October 2023, 7 December 2023, 20 December 2023, 25 January 2024, 2 July 2024, 18 July 2024, 20 August 2024, 16 October 2024, and 14 January 2025) and Mr Oliver Kiddie consents to the inclusion of these Results in this presentation. 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.

The information in this presentation that relates to Legend’s Mineral Resource for the Mawson Deposit is a compilation of a previously report released to ASX by Legend Mining (2 February 2023) and Mr Shaun Searle consent to the inclusion of Legend’s Mineral Resource for the Mawson Deposit in this presentation. Mr Searle 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 Persons’ findings are presented have not been materially modified from the original market announcements.

Forward Looking Statements

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. This presentation 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.

Important Notice

This Presentation does not constitute an offer to acquire or sell or a solicitation of an offer to sell or purchase any securities in any jurisdiction. In particular, this Presentation does not constitute an offer, solicitation or sale to any U.S. person or in the United States or any state or jurisdiction in which such an offer, tender offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and neither such securities nor any interest or participation therein may not be offered, or sold, pledged or otherwise transferred, directly or indirectly, in the United States or to any U.S. person absent registration or an available exemption from, or a transaction not subject to, registration under the United States Securities Act of 1933.

LEGENDMINING.COM.AU

Legend Mining 2

Corporate Overview Capital Structure & Board of Directors

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Market
Capitalisation
~$29M (@ 1cps)
Cash
Debt
$11.2M
Nil
$1.77M
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Board of Directors Mark Wilson – Executive Chair Oliver Kiddie – Managing Director Hilary Macdonald – Non-Executive Director Tony Walsh – Company Secretary

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LEGENDMINING.COM.AU

*As at 31 December 2024

Legend Mining 3

** R&D Refund received post end of Quarter – see ASX Announcement 14 January 2025

Investment Opportunity

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Dedicated team of science-driven explorers, with track record of discovery Committed to exploring across proven jurisdictions Mawson – exploration success converted to maiden Mineral Resource

Continue to generate targets and currently assessing new opportunities

Well-funded explorer with a strong, supportive register

Drill core from diamond hole RKDD044 from the Mawson prospect. See ASX announcement dated 28 April 2021 for full details

LEGENDMINING.COM.AU

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Rockford Project Location

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• Fraser Range, Western Australia

• 150km NE of Nova / 100km S of Tropicana

• 100% within Fraser Zone

• Primary exploration target magmatic Ni-Cu-Co

• Outstanding existing infrastructure

• Transport and power

• Communications

LEGENDMINING.COM.AU

Legend Mining 5

Rockford Project Evolution

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Rockford Project Prospect Locations on Gravity -2019 +3,000km[2]

(79% LEG Managed)

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Rockford Project Prospect Locations on Gravity - 2025 ~1,274km[2 ]

(50% LEG managed)

• Fraser Range remains an under explored nickel belt – 3 deposits found to date

• Systematic, science-driven exploration methodology

• The Legend team has consistently demonstrated how to find these mineralised intrusions

• Fertility suggests for more orebodies to be found

• Continued to rationalising ground holding through sterilisation

• Continued focus on preserving capital while retaining value created

LEGENDMINING.COM.AU

Legend Mining 6

Defined, Mineralised Intrusions

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Magnus plan view showing completed HPFLTEM on AMAG See ASX announcement dated 16 October2024 for full details

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Mawson Maiden MRE JORC 2012 See ASX announcement dated 2 February 2023 for full details

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✓ Fertile host rocks

✓ Identified host structures

Octagonal plan view showing completed HPFLTEM on AMAG See ASX announcement dated 20 August 2024 for full details

✓ Ni-Cu Mineralisation

Fraser Zone AMAG TMI-RTP showing current Legend tenements and known prospect locations and deposits

LEGENDMINING.COM.AU

Legend Mining 7

Magnus

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▪ HPFLTEM completed

• 12 conductors identified

• Zone 3 modelled up to 5000 siemens conductance

▪ Conductors on the margin of a large gravity feature interpreted to be intrusion below and outside existing drilling

• Land Access Agreement in negotiation

• Drilling post Heritage Survey

Magnus plan view showing completed HPFLTEM survey loops with identified conductors on channel 30HD imagery, IP anomalies, and the interpreted Magnus intrusion model projected to surface on AMAG. See ASX announcement dated 16 October2024 for full details

LEGENDMINING.COM.AU

Legend Mining 8

Octagonal

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• Fertile intrusion extends at depth, with increased Ni-Cu sulphide towards basal contact

• Outstanding geological reconciliation with seismic interpretation allowing for confidence in drillhole targeting

• Compelling evidence of identification of the primary structure exploited by the OIC (metaconglomerate)

• Evidence of mafic-ultramafic intrusions outside the main OIC

• -

• DHTEM conductors associated with Ni Cu sulphide intercepts

• HPFLTEM combined with structural analysis potentially giving us a vector towards Ni-Cu sulphide accumulations at depth

Octagonal plan view showing completed HPFLTEM survey loops with new and existing conductors on channel 32HD imagery with the interpreted Octagonal intrusion model projected to surface on AMAG. See ASX announcement dated 20 August 2024 for full details

LEGENDMINING.COM.AU

Legend Mining 9

Mawson Ni-Cu-Co Deposit

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	MAWSON MINERAL RESOURCE ESTIMATE (JORC 2012) – February 2023
	Classification Tonnage NiEq Ni Cu Co Ni Metal Cu Metal Co Metal
	Mt % % % % t t t
	Indicated 0.86 1.41 1.34 0.88 0.08 11,500 7,600 700 Inferred 0.59 0.90 0.85 0.52 0.07 5,000 3,100 400 Total 1.45 1.20 1.14 0.74 0.07 16,500 10,600 1,100

Maiden MRE (JORC 2012)

• 28,200t metal*

• Shallow (65m-305m)

• Excellent metallurgy

• Level 1 F&F completed

• ▪ Mineralisation remains open

• ▪ Seismic reprocessing

• ▪ Foundation on which to grow

• ▪ Strategic MRE given remaining Nova mine-life (<2 years)

• *See ASX announcement dated 2 February 2023 for full details.

• A nickel equivalent (NiEq) grade attribute was applied in the block model and used for reporting purposes. The formula takes into account respective metallurgical recoveries for Ni (88.2%) and Cu (99.0%) in the massive sulphide concentrate; and Ni (77.9%) and Cu (97.4%) in the disseminated sulphide concentrate. The following prices were utilised as at 13th January 2023: Ni: USD 27,039/t; and Cu: USD 8,912/t. The NiEq formulas are shown below:

• NiEq (massive sulphide) = (0.882 x ni_pct) + (0.288 x cu_pct)

• NiEq (disseminated sulphide) = (0.779 x ni_pct) + (0.257 x cu_pct)

LEGENDMINING.COM.AU

Legend Mining 10

Continuing to assess new project opportunities

Proven geological jurisdictions Low sovereign risk jurisdictions Applying LEG expertise

Identifying projects that will move the needle

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LEGENDMINING.COM.AU

Legend Mining 11

Time to Invest

✓ Strong, dedicated team with discovery DNA

✓ Strong shareholder support

✓ Strong balance sheet

✓ Skin in the game, our success is your success

✓ Funded to execute existing and new opportunities

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Drill core from diamond hole RKDD034 from the Mawson prospect. See ASX announcement dated 12 January 2021 for full details

LEGENDMINING.COM.AU

Legend Mining 12

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Thank You

Oliver Kiddie Managing Director

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LEGENDMINING.COM.AU

ASX: LEG