Legacy Iron Ore (LCY) Q1 2025 TU earnings summary

Executive summary

• Advanced exploration and development across gold, iron ore, lithium, and base metals projects in Western Australia, focusing on South Laverton, Mount Bevan, and East Kimberley.

• Achieved key milestones including additional ore sales, resource definition drilling, and completion of pre-feasibility studies.

Financial highlights

• Executed two additional ore sales from Mount Celia Gold Operation, totaling 67,000 tonnes sold to Paddington Mill during the quarter.

• Completed a capital raise to fund ongoing development at South Laverton tenements and operations.

Outlook and guidance

• Plans to accelerate exploration and drilling at South Laverton, targeting 72,200 metres of RC drilling over several years to extend gold production.

• Next quarter activities include further drilling, resource modeling, and environmental planning at Mount Celia and other South Laverton prospects.

• Mount Bevan project to plan next phase of operations following PFS and peer review.