PRESS RELEASE
GEORGINA BASIN PHOSPHATE PROJECT UPDATE

Melbourne Australia – Friday, August 12, 2011 – Legend International Holdings, Inc (OTCBB: LGDI) is pleased to announce this update on its Georgina Basin Phosphate Project currently being developed near Mt. Isa, Queensland, Australia.
The Company has previously announced on April 8, 2011 that positive discussions are still
progressing with interested industry corporations for a potential strategic transaction relating to the development and financing of the phosphate assets. These discussions have advanced considerably in the last few months. The Company is dealing with multi‐national corporations that are conducting extensive due diligence. Although the negotiations are taking longer than expected the Company isconfident that a deal will be completed as interest in the project remains strong.
Legend’s phosphate assets are of a high quality and size that has been demonstrated with the recent
reporting of Proven Reserves. Phosphate deposits of this nature, in a stable legal jurisdiction, are
unique and a rare opportunity given the current and future outlook for agricultural raw materials
upon which food production is reliant. The global population has a critical need to have projects
such as Legend’s phosphate project developed and producing fertilizers to meet the future demand.
Phosphate fertilizer prices reflect the current supply and demand imbalance with Diammonium
Phosphate (DAP) prices currently at US$660 per tonne (FOB Tampa, U.S.A). Recent 10 year forecast
prices by CRU Group, London based commodity research unit (formerly British Sulphur Consultants),
show that prices will remain strong for the foreseeable future. Using current prices the Project now
has a forecast operating margin of over US$300 per tonne.
Given the quality and inherent value in Legend’s phosphate assets further patience is required in the
short term so that a satisfactory deal with an appropriate partner can be finalised to realise the best
value for shareholders in the long term.
Paradise North Reserve Estimate
On April 12, 2011 it was announced that Paradise North Mining Lease (ML90191) was granted to
Legend which is the second of three mining lease applications to be granted to Legend.


The first stage of Paradise North phosphoric acid testing for reserve determination has been
completed. The results indicate that good quality phosphoric acid with high P2O5 extraction and low
impurities can be produced from a range of drill samples. These results are in line with Legend’s
expectations from previous Paradise North testing that has been carried out by external consultants
in China and USA. It is expected that Stage 2 work will be undertaken in the coming weeks to test
further drill samples with the objective of estimating a US SEC compliant Mineral Reserve of in‐situ
high grade phosphate rock suitable as direct feed into a phosphoric acid plant. This material is
expected to be used in Legend’s proposed Fertilizer Complex in Mt Isa, without requiring
beneficiation, enabling the construction of a beneficiation plant to be deferred until the high grade
deposit at Paradise North has been depleted.
Paradise South Environmental Impact Statement Submitted
The Environmental Impact Statement (EIS) for the Paradise South project covering mining,
beneficiation, supporting infrastructure and transport was submitted to the Queensland Department
of Resource Management (DERM) this month for assessment. The statutory timeframes indicate
that an Environmental Authority could be granted to Legend for the project in Q1 2012 which would
subsequently lead to the grant of the Paradise South Mine Lease (ML90197).
On February 24, 2011 the Company reported proven and probable Mineral Reserves at Paradise
South totalling 196.1 million tonnes at 14.6% P2O5 (55.5 million tonnes at 33% P2O5 of recoverable
rock concentrate) sufficient for a 60 year fertilizer operation producing 600,000 tonnes of DAP/MAP
per year.
Mine Infrastructure Lease Applications Submitted
Legend has submitted Mine Leases (MLs) for Infrastructure to the Queensland Department of Mines
and Energy (QME) for a water supply dam, tailings storage facility, power transmission line and
slurry pipeline. These MLs will be assessed as part of the Paradise South Project EIS and can be
expected to be granted within similar timeframes as reported above.
D ‐Tree Deposit Reserve Estimate Progress
Legend’s unique and efficient beneficiation process, which has a patent pending, has recently been
used in a laboratory pilot scale unit to test a number of D ‐Tree drill core samples so that the current
Australian JORC resource estimate of 305 million tonnes at 15% P2O5 can be estimated to conform
with a U.S SEC compliant recoverable rock concentrate Mineral Reserve in the future. Results are
being reviewed and statistical analysis is being carried out to determine the relationships between
the mined feed grade, concentrate grade and expected recoveries. Initial results from the
beneficiation tests indicate efficient coarse silica removal without needing to crush the ore and
excellent flotation concentration of phosphate. Results appear similar to what was found for
Paradise South ore, again highlighting the success of Legend’s own developed flotation beneficiation
process of which the Company may look to commercialize in the future.
3
Drilling Commenced On Legend – King Eagle Joint Venture Tenements
Legend is currently drilling on the Highland Plains project (EPM14906) which forms part of the farmin
Joint Venture Agreement (JVA) that Legend has with King Eagle Resources Pty Ltd, a subsidiary of
Golden Cross Resources Ltd (GCR). GCR are the tenement holders of Highland Plains (EPM14906),
Lily & Sherrin Creek (EPM14912) and Quita Creek (14905), all of which contain substantial historically
defined phosphate deposits. Legend is spending A$3 million over 5 years to earn an 80% interest in
these tenements. After the Highland Plains drill program Legend will move the drill rig to Lily &
Sherrin Creek and Quita Creek for further resource definition and validation with a view to be able to
estimate JORC compliant resource estimates for targeted areas of the historically defined
mineralisation.

Forward‐Looking Statements
Forward‐looking statements in this press release are made pursuant to the “safe harbour” provisions
of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forwardlooking
statements involve risks and uncertainties including, without limitation, the risks of
exploration and development stage projects, risks associated with environmental and other
regulatory matters, mining risks and competition and the volatility of mineral prices. Actual results
and timetables could vary significantly. Additional information about these and other factors that
could affect the Company’s business is set forth in the Company’s fiscal 2010 Annual Report on Form
10‐K and other filings with the Securities and Exchange Commission.
For further information, please contact:
Mr. Joseph Gutnick General Manager Business
Chief Executive Officer New York Office
Legend International Holdings, Inc. Legend International Holdings, Inc.
Tel: +011 613 8532 2866 Tel: (212) 223 0018
Fax: +011 613 8532 2805 Fax: (212) 223 1169
E‐mail: josephg@axisc.com.au E‐mail: legendinfo@axisc.com.au