Legend Mining (LEG) H1 2026 earnings summary

Executive summary

• Focused on exploration for gold and base metals in Western Australia, with activities at Pinnacle Well and Rockford Project tenements enhancing gold prospectivity and progressing land access agreements.

• Heritage surveys at Pinnacle Well completed in July 2026, with statutory approvals pending for drill programs.

Financial highlights

• Net loss after tax for the half-year ended 30 June 2026 was $340,572, a significant improvement from a $3,094,691 loss in the prior year period.

• Finance revenue was $237,858, down from $287,775 year-over-year.

• Impairment expense dropped to $62,433 from $2,625,702 year-over-year.

• Cash and cash equivalents at 30 June 2026 were $9,739,602, down from $10,432,047 at 31 December 2025.

• Net cash used in operating activities was $334,192, and net cash used in investing activities was $307,511 for the half-year.

Outlook and guidance

• Awaiting final statutory approvals to commence drilling at Pinnacle Well following heritage surveys.

• No dividends paid or proposed for the period.