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NICKel CoNFeReNCe PReVIeW

Legend has it the Fraser is ripe

for more nickel

ince the 2012 discovery of Nova, the Fraser Zone also makes it a significant ground concerning the Rockford project.
SFraser Range has been a graveyard player, alongside IGO and the Creasy A series of JV agreements in the Fraser
for juniors looking to charge from penny Group. Range were struck between Legend and
dreadful to billion dollar outfit on the back The value of Legend’s ground was Creasy, Legend and IGO and then by all
of a nickel-copper find. formally recognised when both IGO and three parties under the Rockford JVA.
Mark Bennett’s hit at Nova reinvigorat- Creasy entered JVs in July related to IGO consummated its commitment by
ed exploration in the Fraser Range, with subscribing to a $9.8 million placement
the district’s tenements quickly resem- Mark Wilson in Legend at an issue price of 3.6c/share,
bling a patch work quilt as juniors scram- representing a 20% premium to Legend’s
bled for ground, as described by Legend average 2019 trading price to July.
Mining Ltd managing director Mark Wil- IGO upped its stake in Legend to
son to Paydirt. 14.2%, while shareholder approval for
The quilt has now frayed as the dif- tranche two of the Ponton JV will see
ficulties and expense of exploring in Creasy’s interest increase to 26.8% of
the Fraser Range has overwhelmed a the company.
swathe of juniors. However, the pieces “I am very happy with the way we have
left behind have been put back together positioned Legend. We have added what
by the likes of current Nova-Bollinger I believe are two very valuable prospects
owner Independence Group NL (IGO). [Octagonal and Magnus at the Ponton JV
IGO has aggressively increased its with Creasy] to our portfolio, with share-
position in the Fraser Range and is now holder approval to come in September
the dominant landholder in the region for that. All the early indications are that
but Legend’s 3,088sq km package in the it will occur,” Wilson said.

All the right elements
ASX : NMT
neometals.com.au
Neometals innovatively develops opportunities in minerals and advanced
materials essential for a sustainable future. The strategy focuses on de-risking
and developing long life projects with strong partners and integrating down
the value chain to increase margins and return value to shareholders.
SECURITY OPPORTUNITY
CAPTIVE WORLD-CLASS UNLOCKING VALUE AT
RESOURCES EVERY OPPORTUNITY

OUR PROJECTS
MT EDWARDS NICKEL AND LITHIUM PROJECT
Brownfields Ni and Li exploration project with significant historic Ni production -
Indicated and Inferred Mineral Resource of 7.39MT @ 1.7% Ni for ~123,000t
contained Ni*. Currently drilling to identify high-grade Ni subsets within existing
resource inventory.
LITHIUM-ION BATTERY RECYCLING
A proprietary process for recovering cobalt and other valuable materials from
spent lithium batteries. Pilot plant testing currently underway with commercial
development decision to follow.
LITHIUM REFINERY PROJECT
Progressing plans for a lithium refinery development to supply LiOH to the battery
cathode industry, underpinned by binding life-of-mine annual offtake option from
Mt Marion.
BARRAMBIE TITANIUM AND VANADIUM PROJECT
One of the world's highest-grade hard-rock titanium-vanadium deposits, working
towards a development decision by end 2020.
*Please refer to ASX announcement 19 April 2018 “Mt Edwards Nickel - Mineral Resource Estimate”

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