Lappland Guldprospektering (LGOLD) Q4 2025 earnings summary

Executive summary

• Presented first mineral resource estimate for Stortjärnhobben, classified as inferred, and published results from 19 drill holes confirming mineralization over at least 750 meters.

• Entered a letter of intent with Dragon Mining Sweden AB for ore processing from upcoming trial mining.

• Applied for trial mining permit in early 2026, aiming to start extraction of 10,000 tons in autumn 2026.

• Awaiting court and environmental permit decisions in spring 2026; ongoing preparations for trial mining and deeper drilling to upgrade resource classification.

Financial highlights

• Q4 2025 revenue was 0 TSEK (0), net loss after tax -2,442 TSEK (-952), EPS -2.2 SEK (-0.9).

• Full-year 2025 revenue was 0 TSEK (2,300), net loss after tax -6,967 TSEK (-148), EPS -6.3 SEK (0.1).

• Cash and cash equivalents at year-end 2025 were 3,686 TSEK (19,372).

• Total assets at year-end 2025 were 16,936 TSEK (23,225).

Outlook and guidance

• Plans to commence trial mining in autumn 2026, pending permit approvals.

• Deeper drilling and resource update scheduled for summer 2026, aiming to upgrade resource status from inferred to indicated.

• Continued exploration on other projects to identify additional gold prospects.