Legend Mining (LEG) Q3 2025 TU earnings summary

Executive summary

• Settlement of the Pinnacle Well gold and base metal project completed, with extensive data review and reprocessing undertaken during the quarter.

• Cash balance stood at $11.1M as of 30 September 2025.

• Good faith negotiations for Land Access Agreements continued at Rockford, and statutory rehabilitation activities were ongoing.

• The IGO JV at Rockford was terminated with the surrender of JV tenements on 17 July 2025.

• Numerous new project opportunities were assessed to complement corporate and technical strengths.

Financial highlights

• Exploration and evaluation expenditure for the quarter was $478,000.

• Payments to related parties totaled $144,000, relating to directors' fees and salaries.

• No substantive mining production or development activities occurred during the quarter.

Outlook and guidance

• Soil sampling and geophysical surveys at Pinnacle Well are planned for completion in the December 2025 quarter.

• Ongoing assessment of new project opportunities aligned with corporate and technical strengths.