Lac Gold (LAC) Q4 2025 TU earnings summary

Executive summary

• Continued focus on gold and copper exploration to complement the Pickle Lake Gold Project and drive shareholder value.

• The Pickle Lake Gold Project remains highly prospective, with three existing gold deposits and several brownfield and greenfield prospects over a 100km belt.

• Eastern Hub prospects prioritized for near-term exploration due to favorable access and proximity to infrastructure.

• Actively assessing new project opportunities to enhance the resource base.

Financial highlights

• Cash balance at 30 June 2025 was A$11.4 million, with no debt.

• Quarterly operating cash outflows included staff costs of $124k and admin/corporate costs of $155k, offset by $224k in interest received.

• Cash outflow from exploration and evaluation was $29k for the quarter.

• Retained ~13 million shares in Green Technology Metals, valued at ~$391k as of 30 July 2025.

Outlook and guidance

• Eastern Hub, including Kasagiminnis, South Limb, West Pickle, and 250 North prospects, targeted for cost-effective exploration.

• Large untested areas remain at Kasagiminnis, with potential for resource expansion.

• Ongoing review of new opportunities to maximize shareholder value.