Legend Mining Limited Level 2, 640 Murray Street, West Perth WA 6005 Tel: +61 8 9212 0600 | Fax: +61 8 9212 0611 Welcome Legend Mining Ltd Annual General Meeting 20 May 2013
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 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 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.
• Mineral Exploration Company with a strong cash position • Focussed on Iron Ore and Gold in West Africa • 2,469km 2 project area in Cameroon • Management strategy for growth - Identify partner for iron ore project - Investigate and evaluate gold potential - Further project acquisition
Executive Director Non-Executive Chairman Managing Director Company Secretary Technical Director Michael Atkins Mark Wilson Dennis Wilkins Derek Waterfield Dermot Ryan Camina SA – Cameroon (90%) General Manager CFO and Administration Community Relations Senior Geologist H.M. Guillaume Company Secretary Manager Jean Alain Nkot Nelson Chombong Negou Tela Ayuk Ayuknsock Christian Abomo 4
Shares 1,962M (31/03/13) Options 391M @ 4c (04/02/15) 30M @ 6c (04/02/15) 14.4M @ 5c (04/02/15) 9M Employee Options * 800M Performance Options (04/02/15) Cash (incl. Shares) ~ $15M (31/03/13) Capitalisation $16M @ $0.008 (12 month range $14-47M) * a) 400M performance options (a) exercisable for nil consideration, once a JORC compliant Resource of 250Mt of iron ore containing a minimum of 50Mt of Direct Shipping Ore (DSO) is identified on the permits. b) 400M performance options (b) exercisable for nil consideration, once a JORC compliant Resource of 2Bt of iron ore containing a minimum of 200Mt of DSO is identified on the permits OR the first US$60M from sales of ore from the permits is achieved
Cameroon as a Nation • Small, peaceful and politically stable • Population: 20 million • Official languages: French, English • Religion: Christianity 70% Islam 20% • 70% rural and farming • Encouraging foreign investment 6
7
Sundance Ltd Access Co-operation Agreement May 2011
Eighteen targets identified by aeromagnetic survey Eight targets tested with diamond drilling, 101 holes / 7,267m Melombo East Exploration Target 300-500Mt @ 16-40% Fe Metallurgical test results Feb 2013: DTR average 33.5%, 69% Fe, low impurities Large targets mapped at Mimbala and Zok Seeking substantial partner
Gold potential interpreted based on major SW-NE shear corridor with granitic intrusions 2012 Field Programme • Coarse gold panned in numerous samples during regional stream sediment sampling • Assay results highlight four priority target areas for follow-up 2013 Field Programme • Follow-up stream sediment and pan sampling to define target areas • Geological mapping • Locate/record artisanal workings • Soil and rockchip sampling • Define drill targets?
• Anomalous drainages • 4km 2 area defined • Artisanal workings • Topographic high • Soil sampling • Nkoutou Prospect
Petrological Analysis • Identified two quartz-sulphide events • One event interpreted to represent “orogenic gold - type” veins • Pyrite dominant sulphide, but chalcopyrite (Cu), pentlandite (Ni) and pyrrhotite (Fe) also present CSIRO Analysis • Scanning electron microscope used for analysis of grain shape and composition • Gold grain shapes indicate proximal to gold source • Gold grains contain elevated silver which suggests hydrothermal origin 300µm
• Secure a partner for Cameroon iron ore • Evaluate gold potential of Cameroon project • Assess new project opportunities • Maximise value of strong treasury and corporate opportunity
Thank you for your attendance - Annual General Meeting 20 May 2013
Recommend
More recommend
