Legend Mining Ltd (ASX:LEG)

Legend Mining Ltd (ASX:LEG)


Share Price
$ 0.03
Change
0.002 (7.14 %)
Market Cap
$61.33 m
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Legend Mining Ltd

Legend Mining Ltd's (ASX:LEG) exploration focus is on its nickel-copper Fraser Range Project in Western Australia, while also actively seeking new project opportunities.

EPIC: LEG
Market: ASX:LEG
52-week High/Low: A$0.07 / A$0.02
Sector: Mining
Market Cap: A$61.33M
Website: www.legendmining.com.au
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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.

Fraser 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 2,792km2 (Figure 1).  The Project comprises a joint venture between Legend (70%) and Creasy Group (30%), with Legend operator and manager of the joint venture and 262km2 owned 100% by Legend.  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 below:

  • A$6M received at completion 5 August 2014
  • A$3M received 15 September 2015
  • A$3M payable on or before 15 December 2016, with interest of 4% payable quarterly in arrears on this $3M amount from 15 September 2015
  • A$5.5M to be paid upon the first commercial shipment of iron ore from the Project.
  • The Ngovayang Project is located in the southwestern region of Cameroon, West Africa and covers approximately 2,970km² comprising three exploration permits.

 

Last updated 6th July 2018

Michael Atkins
Chairman

Michael Atkins is a Fellow of the Australian Institute of Company Directors.
Mr Atkins was a founding partner of a national Chartered Accounting practice from 1979 to 1987 and was a Fellow of the Institute of Chartered Accountants in Australia between 1984 and 2012.
Between 1987 and 1998 he was involved in the executive management of several publicly listed resource companies with operations in Australia, USA, South East Asia and Africa. From 1990 to 1995 he was managing director and later a non-executive director of Claremont Petroleum NL and Beach Petroleum NL during their reconstruction, and then remained as a non-executive director until 1995. He was also founding executive chairman of Gallery Gold Ltd until 1998, and remained a non-executive director until 2000.
Since February 2009 Mr Atkins has been a Director – Corporate Finance at Patersons Securities Limited where he advises on the formation of, and capital raising for, emerging companies in the Australian resources sector.
He is currently non-executive chairman of Australian listed companies Azumah Resources Ltd and Castle Minerals Ltd, and non-executive director of SRG Limited. Mr Atkins has not held any former public company directorships in the last three years.


Mark Wilson
Managing Director

Mark 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 twenty years in executive, non-executive, consulting and owner roles in resource focused companies. During the past three years, Mr Wilson has also served as non-executive director of Australian listed company Tanga Resources Limited (resigned July 2017).


Derek Waterfield
Executive Director – Technical

Derek Waterfield is a Member of the Australian Institute of Geoscientists and a graduate of the University of Queensland (B.Sc. Hons). He has over 25 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 Waterfield has not held any former public company directorships in the last three years.


Tony Walsh
Company Secretary

Tony Walsh (Company Secretary) was appointed Company Secretary effective on 12 December 2016.
Mr Walsh has over 30 years’ experience in dealing with listed companies, ASX, ASIC and corporate transactions including 14 years with the ASX in Perth where he acted as ASX liaison with the JORC committee, four years as Chairman of an ASX listed mining explorer and as a director of a London AIM listed explorer. Tony is also currently Company Secretary of Battery Minerals Mining Ltd and is a Director of Entek Energy Limited.
Mr Walsh is a member of the Australian Institute of Company Directors, a Fellow of the Governance Institute of Australia, the Institute of Chartered Secretaries and the Institute of Chartered Accountants in Australia.
He is currently a non-executive director of the Women’s and Infants Research Foundation.

 

Last updated 6th July 2018

(At 16 March 2018) Name Total Holdings % Issued Capital
Yandal Investments Pty Ltd 344,750,000 16.86
Australian Gold Resources Pty Ltd 164,985,000 8.07
Chester Nominees WA Pty Ltd 126,000,000 6.16
Bailey Group 99,815,736 4.88
Zero Nominees Pty Ltd 48,572,819 2.38
Ponton Minerals Pty Ltd 48,000,000 2.35
Bellarine Gold Pty Ltd 47,000,000 2.30
Listoga Pty Ltd 35,000,000 1.71
Rockford Metals Pty Ltd 23,500,000 1.15
Topaz Pty Ltd 22,703,072 1.11
Mr Matthew McLeish 22,000,000 1.08
PHH Pty Limited 17,800,000 0.87
Mr Peter Hawkes Whitcombe 14,464,488 0.71
Nino Constructions Pty Ltd 13,161,547 0.64
Michaelmas Island Pty Ltd 11,216,945 0.55
HSBC Custody Nominees (Australia) Ltd 11,160,681 0.55
Mr Andrew Nicholas Vukosav 10,377,777 0.51
Mr P R Trafford 10,000,000 0.49
Musgrave Minerals Limited 10,000,000 0.49
The Davies Super Fund A/C 10,000,000 0.49
Continental Global Investment Limited 10,000,000 0.49
TOTAL: 1,100,508,065 53.84

 

Last updated 6th July 2018

Head Office
Level 1, 8 Kings Park Road,
WEST PERTH WA 6005
AUSTRALIA
Tel: +61(8) 9212 0600
Fax: +61(8) 9212 0611

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