Legend Mining (LEG) Q4 2025 TU earnings summary

Executive summary

• Acquired two new tenements and secured right of first refusal over seven more, expanding the Pinnacle Well Project in the Leonora District of Western Australia.

• Identified two high-priority gold soil anomalies (Au5 and Au6) through advanced geochemical analysis, with no historic drilling over these targets.

• Signed a Heritage Protection Agreement with Watarra Aboriginal Corporation to facilitate future exploration activities.

• Surrendered interests in two Rockford Project tenements, ending the Ponton JVA 2019.

• Cash balance at 31 December 2025 was $10.4 million.

Financial highlights

• Exploration and evaluation expenditure for the quarter was $568,000.

• Received $1,775,000 in R&D tax refunds during the year.

• Payments to related parties totaled $144,000 for the quarter, covering director fees and salaries.

• Net cash outflow from operating activities for the quarter was $48,000.

• Cash and cash equivalents at quarter end were $10.4 million.

Outlook and guidance

• Ongoing geophysical surveys and rockchip analysis at Pinnacle Well to define drill targets for gold and base metals.

• Further assessment of new project opportunities is underway.

• Estimated funding available for 16.9 quarters based on current cash and expenditure rates.