Legend Mining Finalizes Heritage Survey at Pinnacle Well Project, Paving Way for Maiden Drilling in Western Australia

Completion of Heritage Survey and Partnership with Watarra Aboriginal Corporation

Legend Mining has finalized its inaugural Heritage Survey at the Pinnacle Well Project, working alongside Watarra Aboriginal Corporation, the prescribed Body Corporate for the Darlot People. The two-day survey on 16–17 July 2026 aimed to secure clearance for ground-disturbing activities at the Alpha North and Pyrophyllite Hill prospects. Located approximately 25 kilometres north-northeast of Leonora in Western Australia’s renowned goldfields, this milestone advances the company’s exploration efforts significantly.

This survey follows the Heritage Protection Agreement executed with Watarra on 8 December 2025, establishing a formal framework for ongoing collaboration with the Darlot People. Legend Mining emphasized that completing the survey is a foundational step toward fostering a long-term, mutually beneficial relationship. This approach aligns with best practices in heritage management and community engagement within Western Australian mineral exploration. The survey completion underscores Legend’s commitment to securing all necessary statutory approvals before initiating ground-disturbing operations.

Survey Scope at Alpha North and Pyrophyllite Hill Prospects

The Heritage Survey encompassed two key prospect zones within the Pinnacle Well Project. The Alpha North area measured 1,300 metres by 700 metres, while Pyrophyllite Hill covered 1,000 metres by 500 metres. These areas were strategically selected to allow for upcoming ground-disturbing activities, facilitating uninterrupted progression of the exploration program once regulatory approvals are finalized.

The Pinnacle Well Project comprises four exploration licences covering a total of 128 square kilometres in Darlot country, situated about 25 kilometres north-northeast of Leonora. Positioned within a historically and currently active mineral exploration region, the Alpha North and Pyrophyllite Hill prospects are focal points for Legend’s exploration strategy. Heritage clearance now removes a critical administrative barrier, enabling planned drilling and geochemical sampling activities.

Anticipated Heritage Survey Report and Maiden Drilling Campaign

Legend Mining expects to receive the Heritage Survey Report from Watarra between August and September 2026, following the July field survey. The report’s receipt will fulfill all prerequisite statutory approvals required to commence the project’s maiden drilling campaign. This milestone is pivotal in the company’s exploration timeline, directly enabling the transition to active fieldwork.

The maiden drilling campaign marks a significant advancement in evaluating the Pinnacle Well Project. Upon receiving the Heritage Survey Report and securing all approvals, Legend plans to drill at the Alpha North and Pyrophyllite Hill prospects. This progression from survey and geochemical sampling to drilling will provide critical subsurface data to test geological models and exploration targets.

Exploration Planning Incorporating PDIP Modelling and Geochemical Data

Legend Mining is finalizing drillhole designs for the maiden campaign using PDIP (Pseudo-Depth Investigation Profile) modelling, alongside rockchip and soil geochemistry and recent geological reconnaissance data. PDIP is a geophysical technique that refines drill target locations and enhances drilling efficiency. Integrating geophysical modelling, surface geochemical sampling, and field observations reflects a rigorous, data-driven approach to drill planning.

Rockchip and soil geochemistry sampling provide direct chemical indicators of mineralization and alteration, guiding the identification of the most prospective drilling zones. Recent geological reconnaissance has offered additional insights into the structural and lithological characteristics of the Alpha North and Pyrophyllite Hill prospects. Synthesizing these datasets aims to optimize the maiden drilling program’s effectiveness and inform future exploration decisions.

Legend Mining’s Exploration Focus and Asset Overview

Legend Mining Limited is an Australian mineral exploration company targeting base and precious metal deposits. The Pinnacle Well Project is a key asset within its portfolio, focusing on gold and other minerals in Western Australia’s Goldfields region. The Heritage Survey completion and advancement toward drilling illustrate management’s confidence in the Alpha North and Pyrophyllite Hill prospects and commitment to progressing the project through the exploration value chain.

While the company has not disclosed details about other projects or its broader portfolio in this update, the emphasis on Pinnacle Well as a maiden drilling target indicates it is a priority asset. This announcement was authorized by Mark Wilson, Executive Chair. Additional information is available on the company’s website at www.legendmining.com.au or through direct contact with company representatives.

Heritage Engagement and Stakeholder Relations in Western Australia

The Heritage Survey completion aligns with contemporary standards for Aboriginal engagement and heritage protection in Western Australian mineral exploration. Given Pinnacle Well’s location in Darlot country, formal heritage assessment and consultation with Watarra Aboriginal Corporation were required. Legend Mining’s proactive engagement, culminating in the Heritage Protection Agreement of 8 December 2025 and the July 2026 survey, demonstrates its commitment to statutory compliance and fostering strong community relationships.

Heritage surveys are mandatory under Western Australian law for ground-disturbing activities on culturally significant land. By conducting this survey early, Legend has eliminated a potential obstacle to its drilling program and shown respect for the Darlot People’s cultural values. The company describes the survey as "the first step in building a long lasting and mutually beneficial relationship with the Darlot People," highlighting a focus on sustained engagement beyond exploration.

Regulatory Approvals Pathway for Pinnacle Well Drilling

The Heritage Survey Report is a key statutory approval required before Legend can begin ground-disturbing activities such as drilling at Pinnacle Well. The company’s statement that receipt of this report will satisfy prerequisite approvals suggests no significant regulatory barriers remain prior to drilling initiation. The expected report delivery in August–September 2026 indicates the likely timeframe for starting the maiden drilling campaign.

Exploration drilling in Western Australia requires multiple approvals, including heritage clearance, mining tenement compliance, environmental assessments, and notifications to authorities like the Department of Mines, Industry Regulation and Safety. Legend’s confirmation that the Heritage Survey Report will fulfill necessary statutory requirements implies other consents have been obtained or are underway. The survey completion and forthcoming report provide a clear path to drilling once all formalities conclude.

Geological Context and Exploration Targets at Pinnacle Well

The Pinnacle Well Project lies 25 kilometres north-northeast of Leonora within Western Australia’s prolific Goldfields region, a globally significant gold-producing district. The project includes four exploration licences totaling 128 square kilometres. The Alpha North and Pyrophyllite Hill prospects have been prioritized for the maiden drilling campaign based on geological and geochemical evidence collected to date. The presence of pyrophyllite at one prospect suggests potential epithermal gold systems, as pyrophyllite is commonly associated with advanced argillic alteration in such deposits.

Regional geological data situates Pinnacle Well among major mines and deposits, underscoring its exploration potential relative to other district discoveries. Transitioning from reconnaissance and geochemical sampling to drilling reflects confidence that Alpha North and Pyrophyllite Hill may host economic mineralization. The use of PDIP modelling and recent geological reconnaissance in drill planning exemplifies a systematic approach to testing these targets.

Next Steps and Exploration Timeline for Late 2026

Legend Mining’s immediate focus is on receiving the Heritage Survey Report from Watarra, anticipated between August and September 2026. Following report receipt and confirmation of statutory approvals, the company intends to commence its maiden drilling program at Pinnacle Well. Final drillhole designs, incorporating PDIP modelling and geochemical data, are being completed concurrently to ensure readiness for prompt mobilization.

The remainder of 2026 will center on heritage report finalization, drilling logistics, and initiating the maiden drilling campaign. The company has not disclosed the expected drilling duration, number of holes, or total metres planned. Investors will likely monitor the Heritage Survey Report receipt and any drilling commencement announcements closely. Success in defining economic mineralization at Alpha North or Pyrophyllite Hill will influence future exploration and capital allocation decisions.

Market Implications and Investor Considerations for Pinnacle Well

This announcement of Heritage Survey completion and advancement toward maiden drilling occurs amid sustained global demand for gold and base metals. Legend Mining’s acceleration of exploration activities at Pinnacle Well, evidenced by heritage clearance and drilling preparations, reflects management’s confidence in the project’s prospects warranting capital investment at this stage. Immediate share price impact was not disclosed.

Investors assessing Legend Mining should consider the prospectivity of Alpha North and Pyrophyllite Hill based on preliminary data, capital requirements for drilling and subsequent exploration, the company’s financial position and funding access, and the exploration upside relative to other Western Australian goldfields opportunities. The company has not provided drilling budgets or anticipated results in this update. Stakeholders are advised to seek further details on exploration expenditure and funding plans before making investment decisions.