good progress

19 October 2005
SEPTEMBER 2005 QUARTERLY REPORT
HIGHLIGHTS
At the Gidgee Project, 56 Reverse Circulation (“RC”) holes were drilled during the September Quarter to test for mineralisation in a north-westerly corridor centered on the Swift open pit (Swift) and along a north-south corridor on the eastern margin of the Swan Bitter open pit (Premium). Significant results from RC holes drilled during the Quarter include:
GDC 136 3 metres @ 15.9 g/t Au from 193 metres
GDC 137 35 metres @ 2.9 g/t Au from 89 metres
GDC 140 3 metres @ 10.7 g/t Au from 36 metres
GDC 150 20 metres @ 4.1 g/t Au from 98 metres
GDC 159 9 metres @ 17.6 g/t Au from 230 metres
GDC 161 8 metres @ 5.4 g/t Au from 60 metres
GDC 173 9 metres @ 4.5 g/t Au from 89 metres
GDC 174 5 metres @ 6.3 g/t Au from 133 metres
GDC 175 6 metres @ 12.8 g/t Au from 212 metres
GDC 179 4 metres @ 24.9 g/t Au from 194 metres
Hole GDC 159 was drilled south of Premium on the eastern margin of the Swan Bitter open pit to test for high-grade lode extensions below and to the west of Premium. The high-grade intersection highlighted above is significant in that it is within a lightly drill tested area, and is some 50 metres to the east of any known lode extensions. This intersection may represent the discovery of a new shallow west dipping lode or alternatively, an extension to the Cascades lode system.
Legend’s rotary airblast (“RAB”) and aircore (“AC”) drilling program in the Gidgee Mine Area, which is testing the regolith 20 to 60 metres deeper than historical RAB drilling, is producing high-order gold anomalies along strike from and between existing open pits. This is illustrated by results from the Central Corridor (CC), Premium North (PR) and Kingfisher East (KF) areas, which include:
CCA163 8 metres @ 1.6 g/t Au from 20 metres
and 4 metres @ 1.1 g/t Au from 60 metres.
CCB001 8 metres @ 3.5 g/t Au from 104 metres
incl. 4 metres @ 5.8 g/t Au from 104 metres.
CCB030 4 metres @ 2.1 g/t Au from 52 metres.
CCB059 4 metres @ 4.0 g/t Au from 68 metres.
KFA025 4 metres @ 2.9 g/t Au from 36 metres.
PRA054 4 metres @ 3.8 g/t Au from 8 metres.
GIDGEE EXPLORATION OVERVIEW
Legend’s immediate exploration objective is the discovery of sufficient Mineral Resources and Ore Reserves to enable re-commissioning of the existing mill with a minimum 3 year mine life.
During the Quarter, the RC drilling focus was predominantly on the northwesterly trending Swift lode, the northerly trending Premium lode, and several areas identified by RAB/AC drilling. RC drilling for the Quarter totaled 56 holes for 10,909 metres. (GDC 135 to GDC 190 inclusive).
Following the completion of hole GDC 190 at the end of the Quarter, the RC drill rig departed site. A full assessment of data from phase one of the 2005 RC drilling program at Gidgee has commenced.
A number of targets on the Premium and Swift lines remain to be drill tested, but access difficulties have prevented testing of these positions at this time. These holes will be drilled when suitable access is established by bulldozer and phase two of the RC drilling program resumes later in the year.