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Legend Mining (LEG) investor relations material
Legend Mining H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Experienced significant personnel changes, including the resignation of the Managing Director and appointment of a new Director; Executive Chair assumed executive duties from May 2025.
Acquired and expanded the Pinnacle Well Project, providing exposure to gold in the Leonora district; signed a Heritage Protection Agreement with native title holders.
Continued tenement rationalisation at the Rockford Project due to negative nickel sentiment; reduced holding to Mawson Prospect and surrounding ground.
Maintained a strong cash position of approximately $10.4M at year-end.
Financial highlights
Net loss after tax for 2025 was $11.85M, compared to a $5.25M loss in 2024.
Revenue for 2025 was $524,833, down from $649,357 in 2024.
Basic and diluted loss per share was 0.4068 cents, compared to 0.1819 cents in 2024.
Deferred exploration costs written back totaled $10.12M, reflecting tenement relinquishments.
Cash and cash equivalents at 31 December 2025 were $10.43M.
Outlook and guidance
Drill programs are planned to test gold targets at Pinnacle Well, pending heritage clearances.
Further geophysical surveys are scheduled for Q1 2026 at Pinnacle Well.
Ongoing negotiations for land access at Rockford Project; no exploration activities planned until resolved.
- Exploration delays and tenement rationalisation marked 2024, with a $5.25M net loss and strong cash reserves.LEG
H2 202431 Mar 2026 - Expanded Pinnacle Well, identified new gold anomalies, and ended Rockford JV; cash at $10.4M.LEG
Q4 2025 TU20 Jan 2026 - Pinnacle Well project settled, $11.1M cash, Rockford JV ended, exploration progressing.LEG
Q3 2025 TU20 Oct 2025 - Half-year loss narrowed, cash increased, and gold project acquisition signals diversification.LEG
H1 202521 Sep 2025 - Pinnacle Well Project acquired, cash at $11.8M, and board changes mark the quarter.LEG
Q2 2025 TU21 Sep 2025 - Six new conductors identified at Octagonal as fieldwork resumes and cash remains strong.LEG
Q3 2024 TU13 Jun 2025 - Net loss widened to $4.76 million due to major exploration asset impairment and weather delays.LEG
H1 202413 Jun 2025 - Severe weather delayed exploration, prompting cost controls and tenement rationalisation.LEG
Q2 2024 TU13 Jun 2025 - $12.2M cash, R&D refund, no Q1 fieldwork, and board changes define the quarter.LEG
Q1 2025 TU6 Jun 2025
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