Legacy Iron Ore (LCY) H1 2026 earnings summary

Executive summary

• Mining at Mount Celia advanced with 213,707 tonnes of ore mined at 1.51 g/t, yielding 10,370 ounces of gold; 152,366 tonnes sold at 1.78 g/t for 7,613 ounces recovered under an Ore Purchase Agreement with Paddington Gold.

• Revenue for the half year was $39.60 million, up from $26.79 million year-over-year, but a net loss of $2.18 million was recorded versus a $16.76 million profit in the prior period.

• Exploration and development continued across gold, iron ore, and base metal projects, with significant drilling and resource upgrades at Mount Celia and ongoing joint ventures at Mount Bevan.

Financial highlights

• Revenue increased to $39.60 million from $26.79 million year-over-year, driven by higher ore sales.

• Net loss of $2.18 million compared to a $16.76 million profit in the previous year.

• Cash on hand at period end was $10.2 million, slightly down from $10.5 million at March 2025.

• Average sales realisation rose to $5,202/oz, with AISC at $5,137/oz for the period.

Outlook and guidance

• Continued mining at Blue Peter and Kangaroo Bore pits, with further drilling and pit optimisation planned.

• Ongoing feasibility and metallurgical studies for a standalone processing facility at Mount Celia.

• Exploration to expand resource base at South Laverton, East Kimberley, and Mount Bevan projects.