Legend Mining (LEG) Q2 2026 TU earnings summary

Operational highlights

• Extensive hydrothermal alteration and a +600m IP anomaly confirmed at Pyrophyllite Hill, indicating a strong gold drill target.

• Heritage survey scheduled for July 2026, with drilling to commence after clearance.

• Field reconnaissance at Pyrophyllite Hill and Alpha North provided geological context for future drillhole design.

• Alpha North prospect supported by high-grade historic rockchip samples and quartz veining.

Exploration results

• Rockchip sampling at Pyrophyllite Hill returned anomalous gold values up to 0.18g/t Au, confirming historic results.

• Strong carbonate alteration and oxidised sulphides observed above chargeable IP features, suggesting sulphide contribution at depth.

• Pyrophyllite Hill displays temperature zonation within a large hydrothermal system, enhancing its gold potential.

• Alpha North PDIP survey identified chargeable and resistive features over a 700m strike, interpreted as sulphides at depth.

Project and corporate updates

• No field work at Rockford Project; heritage and land access negotiations ongoing.

• Cash balance at 30 June 2026 was $9.7M, with estimated 19.2 quarters of funding available.

• $437,000 spent on exploration and evaluation during the quarter.

• 9,000,000 employee incentive options granted; director options lapsed unexercised.