Legend International Holdings Inc Announces Positive and Robust Wengfu Feasibility Study Complete

Legend recently announced that at the end of the June quarter 2010 the Wengfu Feasibility Study for the Legend Phosphate Project in Queensland, Australia was completed.

The successful study, which was finished on time and on budget, has concluded that the project is positive and robust against a number of fertilizer market scenarios. Legend is currently reviewing the study and will summarise the project economics, forward strategy and timeline in a following detailed press release due on July 23, 2010. This will be followed by a public meeting and teleconference to be held in New York on July 26, 2010 to allow shareholders and investors to hear the results and talk directly with Wengfu and Legend's management teams. Further details on the location of the public meeting and how to access the teleconference will be announced in the week prior to the meeting.

The recent study has outlined the economic feasibility of the development of a 600ktpa sulfuric acid plant, 300ktpa P2O5 phosphoric acid plant, 600ktpa DAP/MAP plant, 15ktpa aluminum fluoride plant as well as corresponding utilities and auxiliary facilities. The phosphoric acid plant is to be initially fed by crushed and screened high grade phosphate rock ore from Paradise North, followed by feed from a beneficiation plant located at Paradise South.