Legend Mining Focused on Discovery at Fraser Range Project

About Legend Mining

Legend Mining Limited is an Australian mineral exploration company focused on discovering major nickel-copper deposits in the Fraser Range of Western Australia. The company holds a dominant land position over the emerging Fraser Range Nickel-Copper Belt, which includes the world-class Nova nickel-copper mine owned by IGO Limited. Through systematic exploration using new technologies, Legend aims to delineate massive nickel-copper discoveries.

High-Power EM Survey Underway Targeting Major discovery at Octagonal Prospect

Legend Mining has commenced a new high-powered fixed loop electromagnetic (HPFLTEM) survey at its Octagonal prospect within the Rockford Project in the Fraser Range. The survey is designed to identify large nickel-copper sulphide bodies at depths below 600 meters over the entire 2km by 1km Octagonal prospect area.

The HPFLTEM survey results will be integrated with ongoing structural analysis, seismic data, and downhole petrophysical measurements to generate the next round of diamond drill targets at Octagonal.

This exploration program follows the discovery of increasing nickel-copper sulphide mineralization in recent drilling at Octagonal, which has encouraged Legend to employ the powerful HPFLTEM system to ‘see through’ the cover and detect potential massive sulphide accumulations.

Systematic Exploration Employing Latest Technologies

Legend Mining utilizes a systematic exploration strategy guided by the latest technologies to maximize the chances of discovery at its extensive Fraser Range tenure:

• High-resolution aeromagnetic and gravity surveys provide foundation datasets on the architecture of intrusive mafic-ultramafic complexes which host nickel-copper mineralization.
• 2D seismic surveys give detailed imaging of structure and stratigraphy below cover to delineate drill targets. A 19 sq km seismic survey was recently completed at Octagonal.
• Moving loop and fixed loop electromagnetic (EM) surveys detect conductive sulphide bodies. The new HPFLTEM survey has optimal parameters for deeper search at Octagonal.
• Diamond drilling intersects the most prospective targets. Four holes have been completed at Octagonal to date.
• Downhole EM surveys can detect adjacent conductors from drillholes. DHEM plates modelled at Octagonal.
• Ongoing structural analysis aids interpretation of geological controls. Detailed study underway on Octagonal drill core.
• Petrophysical measurements from drill core assist modelling of physical properties. Data collection is in progress at Octagonal.

Through this multi-layered approach, Legend aims to vector in on massive sulphide accumulations and make transformational discoveries under cover in the Fraser Range.

Octagonal Prospect Exhibiting Positive Indicators

The Octagonal mafic-ultramafic intrusive complex has been identified from gravity and magnetic anomalies. Seismic surveys have outlined the intrusive-country rock contacts and internal architecture.

Diamond drilling at Octagonal has intersected prospective host lithologies including pyroxenites and harzburgites. Nickel and copper sulphides have been observed, increasing in abundance with depth. The mineralization style is comparable to Nova-Bollinger.

Conductors modelled from DHEM surveys support the presence of sulphide accumulations adjacent to recent drillholes.

These indicators point to the potential for massive nickel-copper sulphide deposits. The large HPFLTEM survey loops will assist in tracking down the most prospective zones.

Conclusion

Legend Mining has prime tenure in the world-class Fraser Range nickel-copper province and is systematically exploring its targets.

At the advanced Octagonal prospect, positive signs are emerging, and the current HPFLTEM survey can detect major conductive sulphide bodies.

The ongoing structural analysis and integration of modern geophysical techniques provides Legend with the tools to zero in on massive nickel-copper deposits under cover.

With a dominant and focused landholding, Legend Mining has the potential to make further Nova-scale discoveries and generate substantial value growth for investors through systematic exploration in the Fraser Range.