THE OLD DAYS
POSEIDON NICKEL 3
TODAY – THE EV REVOLUTION
General Motors plans to completely
phase out vehicles using internal
combus8on engines by 2035, Chairman
and Chief Execu8ve Officer Mary Barra
announced in January 2021.
The automaker will go completely
carbon neutral at all facili8es worldwide
by 2035.
“Our team accepted the challenge to transform product
development at GM and posi8on our company for an all-
electric future,” said Mary Barra, GM chairman and CEO.
POSEIDON NICKEL 4
EV REVOLUTION – NICKEL IS A KEY INGREDIENT
Average lithium ion battery
contains:
• 52kg Graphite
• 35kg Aluminium
• 29kg Nickel
• 20kg Copper
• 10kg Manganese
• 8kg Cobalt
• 6kg Lithium
• 5kg Iron
“Nickel ion battery”
POSEIDON NICKEL 5
NICKEL – CRITICALLY IMPORTANT
EV batteries are the largest
growth sector for nickel
Expected to contribute 30% of
demand by 2030
Battery
EV Nickel Usage Growth
1,700,000 Non-Battery
tonnes
53,400
tonnes
SOURCE: BENCHMARK NICKEL FORECAST
Nickel deployed Forecast annual
globally in 2020 H2 nickel EV usage by
2030
POSEIDON NICKEL 6
EVS DRIVING MASSIVE INCREASE IN BASE METAL DEMAND
SOURCE: GLENCORE ANNUAL REPPORT
POSEIDON NICKEL 7
NEW NICKEL PRODUCTION REQUIRED
• 1.45 billion cars on the road in
the world today
• If all were EVs with “nickel ion”
battery then:
1.45 billion x 29kg = 42Mt Ni
• Primary nickel production in
2022 ~3.0Mt
• We need more nickel
POSEIDON NICKEL 8
POSEIDON HAS PLENTY OF NICKEL
BLACK SWAN NICKEL PROJECT
• Open pit and underground mineral resources
• Significant established mining and processing infrastructure
• Bankable Feasibility Study underway
LAKE JOHNSTON NICKEL PROJECT
• Strong exploration potential
• Significant established mining and processing infrastructure
• Previous mining studies being reviewed
WINDARRA NICKEL/GOLD
PROJECTS
• Significant nickel mineral resource
• Potential to mine nickel ore and process at Black Swan
• Gold tailings resource with BFS, partner found
POSEIDON NICKEL 9
BLACK SWAN - PROJECT OVERVIEW
• HISTORY
• Black Swan Production - 5.9Mt @ 0.7% Ni for 41kt Ni
• Silver Swan Production - 2.7Mt @ 5.1% Ni for 137.5kt Ni
• Total production - 178.5kpta Ni in concentrate
• EXISTING RESOURCES & INFRASTRUCTURE
1
• Black Swan disseminated -181kt Ni* (grade - 0.63%)
• Silver Swan underground – 12.9kt Ni* (grade - 9.5%) 1
• Golden Swan underground – 6.3kt Ni* (grade – 3.9%) 1
1
• Silver Swan Tailings – 6.2kt Ni* (grade – 0.92%)
• 2.2 Mtpa processing plant and associated infrastructure
• CURRENT FOCUS – FILL THE MILL
• BFS underway on two production scenarios
• 1.1Mtpa ore – smelter grade concentrate, ~5 years
• 2.2Mtpa ore – rougher concentrate for POX/HPAL, +5 years
* Contained Ni Metal
1 Reference Nickel Mineral Resources Statement Table 1 attached.
POSEIDON NICKEL 10
BLACK SWAN – RESOURCES OVERVIEW
Silver Swan Tailings N
September 2021 Mineral Resources: 6.2Kt Ni
Black Swan
Pit Production: 5.9Mt @ 0.7%Ni for 41Kt Ni
July 2022 Mineral Resources: 181Kt Ni
Black Swan Reserve
3,370Kt @ 0.63% Ni for 21,500t Ni
Golden Swan
October 2021 Mineral Resources: 6.3Kt Ni
Silver Swan
Southern UG Production: 2.7Mt @ 5.1%Ni for 137.5Kt Ni
Terrace April 2022 Mineral Resources: 12.9Kt Ni
Mineral Resource Shapes
Mined Areas Silver Swan Reserve
Footwall Surface 130Kt @ 5.2% Ni for 6,800t Ni
Underground Development
300
m
Reference Nickel Mineral Resources Statement Table 1 attached.
POSEIDON NICKEL Reference Nickel Mineral Reserves Statement Table 2 attached. 11
BLACK SWAN – DEVELOPMENT OPTIONS
ROM ore
Smelter Option POX/HPAL Option
Smelter Grade Rougher
Concentrate Concentrator
1.1Mtpa ore feed 2.2Mtpa ore feed
• Only serpentinite (low talc) ore can • Can process both higher talc content
be processed to smelter grade serpentinite and talc-carbonate disseminated
concentrate ores
• Likely <5 year project life • Rougher concentrate processed to MHP via
• Low start-up capital pressure oxidisation
• Improved Ni payabilities in recent • Longer project life (>5 year)
years • Potential for local downstream processing in
Western Australia (i.e. Pure Battery
Technologies)
POSEIDON NICKEL 12
BLACK SWAN – BFS UPDATE
• Breakthrough - improvement in concentrate quality and saleability by
utilising the existing Silver Swan ball mill to add a rougher concentrate
regrind step in the processing circuit
• High Ni/low MgO - locked-cycle flotation tests incorporating the
regrind demonstrate production of a smelter grade concentrate with
~17% Ni, MgO below 6% and a Fe:MgO ratio of approximately 5:1
• Best Terms - additional metallurgical testwork incorporating the
regrind is underway to optimise the concentrate nickel grade versus
recovery and to maximise the nickel payability
• Understand ore types - The talc distribution has been incorporated
into the Black Swan Disseminated Resource model allowing for a
more accurate delineation of the serpentinite ore, which is required
to produce smelter grade concentrate
• Costs - Capital expenditure and operating cost estimates received
• 1.1Mtpa smelter concentrate scenario feasibility study to be completed
during 4Q 2022
o 2.2Mtpa rougher concentrate scenario feasibility study advancing and
discussions ongoing with potential customers including Pure Battery
Technologies
POSEIDON NICKEL 13
LAKE JOHNSTON - PROJECT OVERVIEW
HISTORY
Emily Ann - 1.5Mt @ 3.5% Ni mined / processed between 2001-2007
Maggie Hays – initial Resource of 12.3Mt @ 1.5%Ni, mined and
processed between 2008-2013
11.5Mt ore mined and processed to produce +100kt Ni*
CURRENT RESOURCES & INFRASTRUCTURE
Maggie Hays - 3.5Mt @ 1.5% Ni for 52kt Ni 1
1.5Mtpa process plant (on C&M)
GR Engineering plant refurb estimate of $31M and opex of $36/t 2
2
MOVING FORWARD
NewExco exploration targeting completed, 1st phase drilling program
of 15,000m POW approved, planned for CY2023
Update mining study on Maggie Hays
Undertake BFS
*Contained Ni metal
1 Reference Nickel Mineral Resources Statement Table 1 attached.
2 Refer to ASX Announcement “Lake Johnston GR Engineering Study Completed” dated 27 January 2022.
Capex and opex estimates to +/-20% accuracy.
POSEIDON NICKEL 14
LAKE JOHNSTON – NEWEXCO REVIEW OF EXPLORATION TARGETS
WORK UNDERTAKEN BY NEWEXCO
• NewExco reviewed prior studies on the exploration potential at Lake
Johnston and identified advanced targets
TARGETS IDENTIFIED
• Abi Rose extension drilling
• Maggie Hays drilling for Resource expansion - based on the reopening of the
Maggie Hay underground operation
• Emily Ann/Abi Rose type intrusions - relogging to identify and locate parts of
the ultramafic intrusive system that may have been overlooked
• Vision/Spielers - Surface EM/drilling - these areas have encountered nickel
sulphides in the past, proving the prospectivity of the area
• Western Komatiite/Roundtop - Surface sampling/drilling- a valid target in an
underexplored area with high prospectivity
POSEIDON NICKEL 15
MT WINDARRA – PROJECT OVERVIEW
HISTORY
Discovered in 1969, Mined from 1974-1983
8Mt mined / processed to produce 84kt Ni*
CURRENT RESOURCES & INFRASTRUCTURE
Mt Windarra 71.5kt Ni* (grade - 1.64%)¹
Cerberus Nickel 69.0kt Ni* (grade - 1.51%)¹
South Windarra 8.0kt Ni* (grade - 0.98%)¹
Gold Tailings contains ~180,000 oz/Au Resource 2
3
July 2021 DFS on Gold Tailings Project – confirmed low risk, low capex & opex
State Agreement – Terminated to allow for gold tailings to be process on site
FUTURE ACTIVITIES – GOLD TAILINGS & NICKEL PRODUCTION FOCUS
Gold
DFS completed July 2021 3 – 53koz recoverable, free cash $30.6M, IRR ~50%
Green Gold Technologies to develop the project, subject to CPs, POS 8% free carry
Nickel
Update studies on mining Mt Windarra and trucking to Black Swan
*Contained Ni metal
1 Reference Nickel Mineral Resources Statement Table 1 attached.
2 Reference to Gold Mineral Resources Statement Table 3 attached.
POSEIDON NICKEL 3 Refer to Poseidon Nickel ASX announcement 23 July 2021 16
WHY INVEST IN POSEIDON?
Advanced nickel Significant Management with
sulphide projects in infrastructure significant
Tier 1 jurisdiction, advantage over experience in
short timeframe from peers at multiple financing, building &
FID to production locations operating nickel
projects
POSEIDON NICKEL 17
EVERYONE WANTS MORE NICKEL
The Joe Biden administra8on was worried about supply-chain constraints well before the war in Ukraine. Recent events have
only sharpened the White House's thinking, highligh8ng — among other deficits — that the U.S. accounts for only 0.64% of all
global nickel produc8on.
As a result, at the end of March, it invoked the Defense Produc8on Act to boost domes8c produc8on of cri8cal materials used
in electric vehicles. Among the means to be used include “environmentally responsible domes8c mining and processing.”
Bloomberg Asia 9 May 2022
POSEIDON NICKEL 18
Peter Harold
Managing Director & CEO
• T: +61 (0) 6167 6600
• E: [email protected]
• W: poseidon-nickel.com.au
• ASX: POS
@POSEIDON-
NICKEL
POSEIDON-NICKEL
POSEIDON NICKEL 19
Nickel Mineral Resources
Table 1: Nickel Projects Resources Statement
MINERAL RESOURCE CATEGORY
Cut Off MEASURED INDICATED INFERRED TOTAL
Nickel Sulphide Resources JORC Compliance
Grade
Tonnes (Kt) Ni% Grade Ni Metal (t) Tonnes (Kt) Ni% Grade Ni Metal (t) Tonnes (Kt) Ni% Grade Ni Metal (t) Tonnes (Kt) Ni% Grade Ni Metal (t) Co% Grade Co Metal (t) Cu% Grade Cu Metal (t)
BLACK SWAN PROJECT
Black Swan 2012 0.4% 800 0.76 6,000 9,900 0.75 74,000 18,200 0.62 101,000 28,900 0.63 181,000 0.01 4,500 0.02 5,800
9.00 12,450 8 490 9.50 12,940 0.16
Silver Swan 2012 4.5% - - - 138 6.00 146 240 NA -
4.70 5,200 48 1,050 3.90 6,250 0.08
Golden Swan 2012 1.0% - - - 112 2.20 160 120 0.30 480
- - - - 0.92 6,200 0.07
Silver Swan Tailings 2012 NA 675 0.92 6,200 - - 675 450 0.04 250
LAKE JOHNSTON PROJECT
Maggie Hays 2012 0.8% - - - 2,600 1.60 41,900 900 1.17 10,100 3,500 1.49 52,000 0.05 1,800 0.10 3,400
WINDARRA PROJECT
Mt Windarra 2012 0.9% - - - 922 1.56 14,000 3,436 1.66 57,500 4,358 1.64 71,500 0.03 1,200 0.13 5,700
0.98 8,000 - - 0.98 8,000 NA
South Windarra 2004 0.8% - - - 772 - 772 - NA -
1.25 35,000 1,778 34,000 1.51 69,000 NA
Cerberus 2004 0.75% - - - 2,773 1.91 4,551 - 0.08 3,600
1.11 TOTAL 190,550 0.84 204,140 43,062 0.94 406,890 0.02 8,310 0.04
Total Ni, Co, Cu Resources 2004 & 2012 1,475 0.83 12,200 17,217 24,370 19,230
Note: totals may not sum exactly due to rounding. NA = Information Not Available from reported resource model.
• Black Swan Resource as at 4 July 2022 (see ASX announcement “More Nickel in Updated Black Swan Mineral Resource” released 4 July 2022)
• Silver Swan Resource as at 27 April 2022 (see ASX announcement “Updated Silver Swan Resource underpins significant increase in high-grade Indicated resource base” released 27 April 2022)
• Golden Swan Resources as at 27 October 2021 (see ASX announcement “Golden Swan Maiden Resource” released 27 October 2021).
• Silver Swan Tailings Resource as at 15 September 2021 (see ASX announcement “Silver Swan Tailings – Maiden Resource Estimate” released 15 September 2021)
• Maggie Hays Resource as at 17 March 2015 (see ASC announcement “50% Increase in Indicated Resources at Lake Johnston” released 17 March 2015)
• Mt Windarra Resource as at 7 November 2014 (see ASX announcement “Poseidon Announces Revised Mt Windarra Resource” released 7 November 2014)
• South Windarra and Cerberus Resource as at 30 April 2013 (see ASX announcement “Resource Increase of 25% at Windarra Nickel Project” released 1 December 2011)
The Company is not aware of any new information or data that materially affects the information in the relevant market announcements. All material assumptions and technical parameters underpinning the estimates in the relevant market
announcements continue to apply and have not materially changed.
POSEIDON NICKEL 20
Nickel Mineral Reserves
Table 2: Nickel Projects Reserves Statement
Nickel Sulphide Reserves JORC Compliance
Probable
Tonnes (Kt) Ni% Grade Ni Metal (t) Co % Grade Co Metal (t) Cu % Grade Cu Metal (t)
BLACK SWAN PROJECT
Silver Swan 2012 130 5.2 181,000 NA NA NA NA
0.63 21,500 NA
Black Swan 2012 3,370 NA NA NA
3,500 0.81 28,300 NA NA NA
Total Ni, Co, Cu Reserves 2012 NA
Note: totals may not sum exactly due to rounding. NA = Information Not Available from reported resource model.
• Black Swan Reserve as at 6 November 2014 (see ASX announcement “Black Swan Ore Reserve” released 6 November 2014)
• Silver Swan Reserve as at 26 May 2017 (see ASX announcement “Silver Swan Definitive Feasibility Study” released 26 May 2017)
The Company is not aware of any new information or data that materially affects the information in the relevant market announcements. All material assumptions and technical parameters underpinning the estimates in the relevant market
announcements continue to apply and have not materially changed.
POSEIDON NICKEL 21
Gold Mineral Resources
Table 3: Gold Projects Resources Statement
Windarra Gold Tailings
INDICATED
Tonnes (t) AU (g/t) Au (oz) Ag (g/t) As (ppm) CU (ppm) Ni (ppm)
North Dam 3,902,000 0.78 98,000 1.9 1,805 365 975
South Dam 850,000 0.50 14,000 0.6 645 355 2,533
Total 4,752,000 0.73 112,000 1.7 1,600 363 1,250
INDICATED
Tonnes (t) AU (g/t) Au (oz) As (ppm) CU (ppm) Ni (%)
Central Dam 6,198,000 0.37 74,000 435.0 270 0.3
Note: totals may not sum exactly due to rounding. NA = Information Not Available from reported resource model.
Windarra Gold Tailings North and South Dams Resource: no cut-off grade has been used to report the resource, as potential mining method dictates removal of the entire dams. a dry bulk in situ
density of 1.6 t/m3 has been used to derive tonnages. resource numbers in Table 3A may not sum exactly due to rounding.
Windarra Gold Tailings central Dam Resource: No cut-off grade has been used to report the resource, as the potential mining method dictates removal of the entire dam down to a specified
elevation. The mineralisation has been reported above a flat elevation of 446 mRL; there are tailings below this level but these have been shown by drilling to contain no gold, and it is anticipated that
the proposed mining method will not treat material below this elevation. A dry bulk in situ density of 1.6 t/m3 has been used to derive tonnages. Resource totals may not sum exactly due to rounding.
Central Dam Resource as at 22 June 2020 (see ASX announcement “Gold Tailings Resource at Windarra updated to JORC 2012 Indicated” 22 Jun 2020).
North and South Dam Resource as at 23 July 2021 (see ASX announcement “Windarra Gold Tailings Feasibility Study Highlights Robust Project” 23 Jul 2021).
The Company is not aware of any new information or data that materially affects the information in the relevant market announcements. All material assumptions and technical parameters
underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.
POSEIDON NICKEL 22
Growing a Nickel Province
Aerial view of Mawson Camp and Coreyard
ASX: Paydirt Nickel Conference 5-6 October 2022
LEG
DISCLOSURE
This is not a disclosure document. Any material used in this presenta:on 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 informa:on in this presenta:on has been prepared on the basis of a number of assump:ons that may prove not to be correct.
Neither Legend Mining Limited, nor its officers, employees and advisors make or give any representa:on, warranty or guarantee in rela:on to this
presenta:on.
Legend Mining Limited reserves the right to update, amend or supplement the Informa:on in this presenta:on at any :me in its absolute discre:on
without incurring any obliga:on to do so.
The informa:on in this presenta:on that relates to Explora:on Results is based on informa:on compiled by Mr Oliver Kiddie, a Member of the
Australasian Ins:tute of Mining and Metallurgy and a full-:me employee of Legend Mining Limited.
Mr Kiddie has sufficient experience that is relevant to the styles of mineralisa:on and types of deposit under considera:on, and to the ac:vity being
undertaken, to qualify as a Competent Person as defined in the 2012 Edi:on of the “Australasian Code for Repor:ng of Explora:on Results, Mineral
Resources and Ore Reserves” (JORC Code).
Mr Kiddie consents to the inclusion in the presenta:on of the maVers based on his informa:on in the form and context in which it appears.
Important No+ce
This Presenta:on does not cons:tute an offer to acquire or sell or a solicita:on of an offer to sell or purchase any securi:es in any jurisdic:on. In
par:cular, this Presenta:on does not cons:tute an offer, solicita:on or sale to any U.S. person or in the United States or any state or jurisdic:on in which
such an offer, tender offer, solicita:on or sale would be unlawful. The securi:es referred to herein have not been and will not be registered under the
United States Securi:es Act of 1933, as amended (the “Securi:es Act”), and neither such securi:es nor any interest or par:cipa:on 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 registra:on or an available
exemp:on from, or a transac:on not subject to, registra:on under the United States Securi:es Act of 1933.
2
CONTENTS
1. Nickel Market Commentary
2. About Legend
• Corporate Details
• Investment Case
• Rockford Project LocaOon – a sweet
spot in the range
• Mawson Prospect
• Regional ExploraOon
• 2022 AcOviOes
3. Summary
3
NICKEL MARKET COMMENTARY – ABOUT NICKEL
Stainless steel dominates nickel usage – baXeries now the second largest use,
and growing rapidly. China and Indonesia dominate world supply and demand
Global nickel consumption by first use, 2021 ! Stainless steel industry consumed 1.96mt
Total market: 2.85mt (2020 – 2.4mt)
of primary nickel last year (and another
(2020 – 8%) 1.16mt of nickel in scrap)
! BaXeries consumed around 360kt of
primary nickel, up from 200kt in 2020
! Stainless was sOll 5½ x bigger than
(2020 – 73%)
baXeries in 2021 but was 40% of the
growth
Source: INSG, CRU, Macquarie Commodi6es Strategy, June 2022
‘Growth in nickel use in ba7eries – big posi:ve’ 4
CAPITAL STRUCTURE AND FINANCIALS
Top Shareholders Market Capitalisa=on
~$110M (@ 4cps)
Cash Debt
[VALUE] $14.9M* Nil
[VALUE]
Directors & Execu=ve Management
Board of Directors
Michael Atkins (Chairman)
[VALUE]
Mark Wilson (Managing Director)
[VALUE] Oliver Kiddie (Execu:ve Director)
[VALUE]
[VALUE] Hilary Macdonald (Non-execu:ve Director)
Tony Walsh (Company Secretary)
Key Management
Creasy Group IGO Wilson Group Lyn Anderson (Office Manager)
Derek Waterfield (GM Explora:on)
Bailey Group Remaining Top 20 Remaining Register
*As at 30 June 2022
‘Dedicated staff, driven by success, all with skin in the game’ 5
INVESTMENT CASE – FUNDAMENTALS
" Right people
• Experienced corporate and technical team
ASX:LEG
• JV Partners and major shareholders
- Creasy Group (regional experience)
- IGO (regional experience)
2
" Biggest block on best street (~3000km )
" Nickel – future facing commodity
RKDD034
" Strong cash posiOon - $14.9M @ 30/6/2022
Mawson Footprint RKDD008
" SystemaOc exploraOon approach ongoing
RKAC151 RKAC183 RKDD007
" Mawson discovery – December 2019
• RKDD034– December 2020
" Expenditure budget ~$6M for 2023 Legend five year graph
Explora=on success : the value driver
" Right Ome – buying opportunity, leverage to success
2
‘Circa 3000km of the most under-explored nickel belt in the world’ 6 6
ESG
ENVIRONMENTAL, SOCIAL & CORPORATE GOVERNANCE
Legend Mining prides itself on con=nuing,
developing, and maintaining excellent
Stakeholder Rela=onships
Reflected in our ESG Policies found at:
www.legendmining.com.au
‘Walking the talk on stakeholder rela:onships’ 7
ROCKFORD PROJECT LOCATION
! Fraser Range, Western Australia
! 120km NE of Nova / 100km S of
Tropicana
! 100% within Fraser Zone
! Primary exploraOon target
magmaOc Ni-Cu-Co
! Outstanding exisOng infrastructure
! Transport and power
! CommunicaOons
‘Excellent infrastructure – 300km east of Kalgoorlie’ 8
LAST DECADE IN THE FRASER RANGE
‘Iden:fying the stayers’ 9
LAST DECADE IN THE FRASER RANGE
‘Iden:fying the stayers’ 10
LAST DECADE IN THE FRASER RANGE
‘Iden:fying the stayers’ 11
THE MAWSON INTRUSIVE COMPLEX
‘16km x 6km cluster of prospec:ve intrusions’ 12
UNDERSTANDING THE MAWSON MINERALISING SYSTEM
What we know…
! Large, mineralised intrusion, remains open in
mulOple direcOons
! Structurally controlled intrusion
! Significant thickness of massive Ni-Cu sulphide
i.e. 31.1 metres @ 2.80% Ni, 2.04% Cu, 0.15% Co
! MulOple intercepts idenOfying broad
disseminated Ni-Cu sulphide halo
! Mineralised chonolith conOnues at depth below
500m
! Enormous upside given blinding effects of
straOgraphic EM plates and conducOve cover
‘Results to date suggest we are onto a large system’ 13
3D SEISMIC SURVEY
Detailed 3D Seismic Survey Completed
2
! 6.5km coverage area
! Aim to define chonolith below 500m
depth and outside exisOng drilling
! Ultra-detailed survey across the
discovery zone to test for direct
detecOon signature of massive
sulphide
‘Designed to iden:fy targets between 500m – 1000m’ 14
HISEIS – RECEIVERS
2
‘8300 receivers across 6.5km ’ 15
MAWSON PROSPECT – VIBE TRUCK LINE LAYOUT
! 80km of lines 50m apart
– 50% u6lisa6on of
exis6ng tracks
! Vibe truck posi6ons every
12-18m
! All 8,300 receivers read
each vibra6on
‘80km of lines’ 16
MAWSON PROSPECT – VIBE TRUCK VIDEO
‘Vibe truck in ac:on’ 17
MAWSON PROSEPCT – VIBE TRUCK PHOTOS
‘Seismic science at work at Mawson’ 18
SUMMARY
Junior explorer pioneering seismic as
explora=on tool in hard rock under cover in
Fraser Range
! Seismic survey designed to give a 3D architecture
of the Mawson intrusion in rela6on to country
rock to +1000m – drill targets
! 5 diamond holes drilled 2022 for 4450m
! Successfully iden6fied mineralised intrusion
below 500m
! Reprocessing seismic data with input data from
2022 diamond drillholes
! New drill targets for 2023
! R&D rebate expected Q1 2023
Orthogonal view of the 3D seismic cube of the Mawson survey
‘Octagonal locked and loaded’ 19
OCTAGONAL SEISMIC SURVEY
Success of Mawson survey jus=fied
seismic at Octagonal
! Data collecOon phase Oct/Nov 22
! Final product/model expected
April 23
! Survey area 24km 2
! Octagonal intrusion interpreted as
opOmal for seismic
! Drill targets expected for 2023
‘Octagonal – compelling for seismic survey – Magnus to follow’ 20
ROCKFORD – REGIONAL TARGET GENERATION
‘Evolving pipeline of quality targets’ 21
ROCKFORD REGIONAL TARGETS
Regional Targets – Tes=ng 2022
! Project scale target analysis
! Intrusion ‘fingerprinOng’ - $Ni vector index
! ConOnue to idenOfy new targets
! InnovaOve MLTEM scheduled for highest
ranked targets
! Follow up with infill AC drilling
! Test compelling targets with RC/DD
‘Mul:ple targets generated in addi:on to Mawson & Octagonal’ 22
RECOGNISED INDUSTRY PROFESSIONALS
A & A CRAWFORD
Geological Research
Consultants
RN&N ENGLAND
Petrologist
The linked image cannot be displayed. The file
may have been moved, renamed, or deleted. Verify
that the link points to the correct file and location.
Geochemical Services
Pty Ltd
‘Persistence and perseverance will land the prize’ 23
ROCKFORD 2022 WORK PROGRAMMES
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Mawson Prospect
Statutory Approvals
Geophysics Seismic-Mawson DHTEM Seismic reprocess
Target Generation
Diamond Drilling
Regional
Statutory Approvals
Geophysics MLTEM Seismic-Octagonal
Aircore Drilling
JOIN THE LEGEND JOURNEY….
" Right project, right commodity, right Ome
" SystemaOc, persistent, commiXed
" Well funded to execute
" Right people with skin in the game
" Passion to grow shareholder value
‘Highly leveraged to success’ 25
Thank you
Mark Wilson
Managing Director
ASX:LEG
@LegendMiningLtd
www.legendmining.com.au 26
ANDOVER
A NEW NICKEL PROVINCE WITH A BRIGHT FUTURE
Australian Nickel Conference – 5 October 2022 ASX: AZS 1
Disclaimer & Statements
Forward Looking Statements
This presentation has been prepared by Azure Minerals Limited. It contains background information about Azure Minerals Limited current at the date of this presentation. The presentation is in summary form and does not purport
be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions
contained in this presentation.
This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any
jurisdiction.
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This presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations
in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities
transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.
To the fullest extent permitted by law, Azure Minerals Limited, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness
of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is
accepted.
This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Azure Minerals Limited. Actual
values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking
statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Azure Minerals Limited does not undertake any obligation
to update or revise any information or any of the forward-looking statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based.
Competent Persons Statement
Information in this report that relates to previously reported exploration results has been crossed-referenced in this report to the date that it was originally reported to ASX. Azure Minerals Limited confirms that it is not aware of any
new information or data that materially affects information included in the relevant market announcements
The information in this report that relates to Mineral Resources for the Andover nickel deposit was first released to the ASX on 30 March 2022 and is available to view on www.asx.com.au. Azure Minerals Limited confirms that it is
not aware of any new information or data that materially affects information included in the relevant market announcement, and that all material assumptions and technical parameters underpinning the estimates in the
announcement continue to apply and have not materially changed.
Release authorised by:
The Board of Directors of Azure Minerals Limited
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ANDOVER PROJECT
Acknowledgement of Country
Azure acknowledges the Ngarluma people as the Traditional Custodians of the lands on which we operate the
Andover Project. We recognise the unique cultural heritage of Aboriginal people and their continued connection to
lands, waters and communities. We pay our respects to all Aboriginal people, and to Elders past, present and
emerging.
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Corporate Snapshot
CAPITAL STRUCTURE AND FINANCIALS DIRECTORS
Brian Thomas Chairman
Market Capitalisation:
310,735,721 Shares
A$56M (@ 4 October 2022) Tony Rovira Managing Director
Hansjörg Plaggemars Non-Executive Director
Options: Cash: ~$14M (@ 29 July 2022) Annie Guo Non-Executive Director
5,250,000 @ 20.5c – 65c Debt: Nil
MAJOR SHAREHOLDERS KEY MANAGEMENT
Deutsche Balaton 17.3% Brett Dickson CFO and Company Secretary
Creasy Group 16.2% Graham Leaver Exploration Manager
Lowell Resources Fund 1.6% James Dornan Project Development Manager
Harmanis Holdings 1.6%
Resource Capital Funds 1.3%
Directors & Management 1.5%
Top 20 51.2%
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