Lunnon Metals (LM8) Q4 2026 TU earnings summary

Executive summary

• Cash balance increased to $22.2 million at 30 June 2026, up from $12.25 million at 31 March 2026, driven by strong Lady Herial mining operations and gold sales.

• Lady Herial open pit nearing completion, with 90% of planned volume and 66% of contained gold mined; approximately two months of mining remain.

• $13 million FY2027 exploration budget approved to test a newly declared Exploration Target at the Foster-Baker Area (FBA).

• Early repayment of $6 million term loan facility, further strengthening the balance sheet.

Financial highlights

• June quarter receipts from customers totaled $30.6 million (GST inclusive, unaudited).

• Outgoing expenses related to Lady Herial operations were $10.3 million for the quarter.

• Net cash from operating activities was $16.0 million for the quarter, with negligible investing outflows.

• July month-end cash balance estimated at $29.0 million (unaudited) after additional $12.0 million revenue.

Outlook and guidance

• Lady Herial open pit expected to conclude in the September quarter, with 80,000 tonnes of ore @ 2.1 g/t Au remaining for ~5,100 oz gold.

• Forecast total pre-tax free cash flow for Lady Herial project is $37–38 million, within feasibility study sensitivity ranges.

• FY2027 exploration program to drill over 43,000m, the largest in FBA’s history, targeting significant new gold discoveries.

• All material assumptions underpinning production and financial forecasts remain unchanged.