Legacy Iron Ore (LCY) Q4 2025 TU earnings summary

Executive summary

• Achieved three ore sales totaling 54,623 tonnes at 1.23 g/t, containing 2,162 oz gold; cumulative sales now 323,890 tonnes at 1.26 g/t for 13,158 oz gold.

• Entered Right to Mine Agreement at Mt Celia, sharing net profits 75:25 with BGR until $20M profit, then 50:50.

• Advanced resource definition drilling at Blue Peter, with high-grade gold intercepts reported.

• Mount Bevan project advanced with mining lease application and ongoing feasibility studies.

Financial highlights

• All related party payments during the quarter were for director fees.

Outlook and guidance

• Mining to continue at Blue Peter 2 and 3, with Kangaroo Bore pits to commence next quarter.

• New Life of Mine plan for Mt Celia to be completed.

• Mount Bevan project remains on track with Forward Works Plan and budget.