Legacy Iron Ore (LCY) Q3 2025 TU earnings summary

Executive summary

• Advanced mining and exploration at Mount Celia Gold Operation, with four ore sales totaling 269,267 tonnes at 1.27 g/t for 10,995 oz gold during the quarter.

• Resource definition drilling at Blue Peter deposit returned high-grade gold intersections, supporting mine life extension.

• Mount Bevan magnetite project progressed with completion of Pre-Feasibility Study and ongoing feasibility and environmental work.

• Lithium exploration at Mount Bevan identified five targets, with drilling intersecting pegmatites but no significant lithium grades.

• Corporate changes included director and auditor appointments.

Financial highlights

• Mount Celia Gold Operation mineral resource as of March 2024: 6.83 Mt at 1.39 g/t for 305,800 oz gold.

• Mount Bevan magnetite resource as of May 2024: 1,290 Mt at 33.52% Fe.

• Total ore sales from Mount Celia to date: 269,267 tonnes at 1.27 g/t for 10,995 oz contained gold.

Outlook and guidance

• Continued mining at Blue Peter 2 and 3 pits, with ongoing grade control and resource definition drilling planned for next quarter.

• Feasibility studies Stage 1 for Mount Bevan to be progressed, with further lithium exploration and funding review based on market conditions.