Legacy Iron Ore (LCY) Q2 2025 TU earnings summary

Executive summary

• Advanced mining and exploration at Mount Celia Gold Operation, with six additional ore sales and significant drilling results indicating strong gold mineralisation at Blue Peter, Kangaroo Bore, and Patricia North.

• Completed Pre-Feasibility Study for Mount Bevan Magnetite Project, increasing total Mineral Resource Estimate by 10% to 1,291 Mt and progressing lithium exploration.

• Expanded South Laverton tenements and continued development to extend mine life and gold production.

Financial highlights

• Achieved total ore sales of 196,681 tonnes at 1.26 g/t, containing 7,092 ounces of gold from Mount Celia Gold Operation as of September 2024.

Outlook and guidance

• Plans to continue mining at Blue Peter 2 and 3, update resource models, and conduct further grade control and resource definition drilling in the next quarter.

• Forward work program for Mount Bevan Magnetite Project to be defined, with further lithium drilling and funding review based on market conditions.