Big picture - Why invest in Legend Mining Ltd
Legend Mining Ltd Snapshot
Legend Mining Limited ("Legend") is an Australian exploration company listed on the Australian Securities Exchange (ASX:LEG). Legend's mission is to make value-adding mineral discoveries and utilise all available asset bases to maximise shareholder benefit.
The company’s exploration focus is on its nickel-copper Rockford Project in the Fraser Range, Western Australia.
raser Range – Rockford Project (Nickel-Copper & Gold)
The Rockford Project is located in the highly prospective Fraser Range district of Western Australia and covers a total area of 2,530km2 (Figure 1). The Project is the subject of a joint venture between Legend (70%) and Creasy Group (30%), with Legend operator and manager of the joint venture. Exploration is targeting Nova-Bollinger style nickel-copper and Tropicana style structurally controlled gold mineralisation.
(click here for more information on this project)
Cameroon Project (SOLD)
Legend announced to the ASX on 5 August 2014 the completion of the sale of its Cameroon Project in West Africa to Jindal Steel and Power. The consideration for the sale totals A$17.5M and is summarised here.
Last updated 14th September 2016.
Mr Atkins is a Fellow of the Institute of Chartered Accountants in Australia and was a founding partner of a national Chartered Accounting practice from 1979 to 1987. Since 1987 he has been involved in the executive management of several publicly listed resource companies with operations in Australia, USA, South East Asia and Africa.
He was Managing Director of Claremont Petroleum NL and Beach Petroleum NL during 1990 and 1991 during their reconstruction, and then remained as a Non Executive Director until 1995. He was also founding Executive Chairman of Gallery Gold NL in 1998, and remained a Non Executive Director until 2000.
He is currently Director, Corporate Finance at Paterson’s Securities Limited and Chairman of Azumah Resources Limited.
Mr Wilson is a Member of the Institution of Engineers, Australia and a Chartered Professional Engineer with an Associateship in Civil Engineering from Curtin University in Western Australia. He has an extensive business background, mainly in corporate management and project engineering.
This has included site management of remote construction projects, ten years of commercial construction as a founding proprietor of a Perth based company and the past sixteen years in executive, non-executive, consulting and owner roles in resource focused companies. He served as a Director of Duketon Goldfields NL in 1995/1996 and of Cambrian Resources NL (Servicepoint Ltd) from 1999 to 2003.
Executive Director – Technical
Mr Waterfield is a Member of the Australian Institute of Geoscientists and a graduate of the University of Queensland (B.Sc. Hons). He has over 20 years experience in gold, base metals, iron ore, nickel and uranium exploration throughout Australia and Cameroon.
He started his career with CRA Exploration Pty Ltd and has held senior exploration leadership positions with Normandy Mining and Newmont Australia, and led the team that discovered the Moolart Well gold deposit in the Duketon Belt 350km north of Kalgoorlie. He was Exploration Manager at Legend Mining for five years managing Legend’s WA and Cameroon projects. More recently he has been Exploration Manager for Enterprise Metals Ltd, responsible for gold, iron ore, uranium and base metal exploration in WA.
Mr Wilkins is the founder and principal of DWCorporate Pty Ltd a leading privately held corporate advisory firm servicing the natural resources industry.
Since 1994 he has been a director of, and involved in the executive management of, several publicly listed resource companies with operations in Australia, PNG, Scandinavia and Africa. From 1995 to 2001 he was the Finance Director of Lynas Corporation Ltd during the period when the Mt Weld Rare Earths project was acquired by the group. He was also founding director and advisor to Atlas Iron Limited at the time of Atlas’ initial public offering in 2006.
Since July 2001 Mr Wilkins has been running DWCorporate Pty Ltd where he advises on the formation of, and capital raising for, emerging companies in the Australian resources sector.
He is currently non-executive Director of Australian listed company Key Petroleum Limited, non-executive Director of Duketon Mining Limited.
Last updated 14th September 2016.
|(At 1 March 2016) Name||Total Holdings||% Issued Capital|
|Yandal Investments Pty Ltd||344,750,000||16.95|
|Australian Gold Resources Pty Ltd||164,985,000||8.11|
|Chester Nominees WA Pty Ltd||80,000,000||3.93|
|Mikado Corporation Pty Ltd||53,500,000||2.63|
|Ponton Minerals Pty Ltd||48,000,000||2.36|
|Motte & Bailey Pty Ltd||40,566,140||1.99|
|Bellarine Gold Pty Ltd||33,519,371||1.65|
|Karari Australia Pty Ltd||31,000,000||1.52|
|Castle Bailey Pty Ltd||29,433,860||1.45|
|Sixty-Eighth Stowaway Pty Ltd||27,000,000||1.33|
|Rockford Metals Pty Ltd||23,500,000||1.16|
|Mr Matthew McLeish||20,004,285||0.98|
|Mr Alexander Jason Elks||20,000,000||0.98|
|Topaz Pty Ltd||19,703,072||0.97|
|PHH Pty Limited||17,800,000||0.87|
|Bontown Pty Ltd||16,000,000||0.79|
|Nefco Nominees Pty Ltd||12,000,000||0.59|
|Mr Andrew Nicholas Vukosav||10,177,777||0.50|
|Mr L P Judd & Mrs S H Judd||10,010,000||0.49|
Level 1, 8 Kings Park Road,
WEST PERTH WA 6005
Tel: +61(8) 9212 0600
Fax: +61(8) 9212 0611