Legend Mining (LEG) Q3 2026 TU earnings summary

Executive summary

• Completed heritage clearance surveys at Pyrophyllite Hill and Alpha North, enabling drilling at both prospects without further heritage surveys.

• Cash at 30 September 2026 was $9.242M; maiden Pyrophyllite Hill aircore drilling was scheduled to begin in late October.

Financial highlights

• September-quarter net cash used in operating activities was $109K; investing activities used $363K and financing activities used $26K.

• Cash and cash equivalents were $9.242M at quarter-end, comprising $242K in bank balances and $9.0M in call deposits.

• Exploration and evaluation expenditure was $363K for the quarter; related-party payments totaled $149K, comprising director fees, salaries and entitlements.

Outlook and guidance

• Planned maiden aircore programme at Pyrophyllite Hill: 50 holes for ~2,500m across a 1km x 500m area, scheduled for late October.

• Planned follow-up includes assessing aircore geology and multielement assays, then planning RC drilling at Pyrophyllite Hill and Alpha North.

• Follow-up work on newly identified geochemical and geological targets was recommended for the December 2026 Quarter.