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Legend Mining Limited ( (AU:LEG) ) has issued an update.
Legend Mining Limited has received an $811,458 cash refund, plus interest, from the Australian Taxation Office under the Research and Development program related to its FY2025 tax return. The company obtained specialist advice from Deloitte in preparing the claim, underscoring the structured approach to maximising available R&D incentives.
Following receipt of the refund, Legend’s cash balance increased from approximately $10.1 million on 20 February 2026 to about $10.9 million, strengthening its liquidity position. The additional cash provides greater financial flexibility to fund ongoing exploration and development activities, potentially supporting project continuity and reducing immediate funding pressure on shareholders.
The most recent analyst rating on (AU:LEG) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Legend Mining Limited stock, see the AU:LEG Stock Forecast page.
More about Legend Mining Limited
Legend Mining Limited is an Australian resources company focused on exploration and development activities, operating within the mining sector. The company’s projects are typically capital intensive and rely on a combination of equity funding, tax incentives, and government-supported R&D programs to advance geological and technical work across its tenements.
Average Trading Volume: 991,453
Technical Sentiment Signal: Sell
Current Market Cap: A$30.6M
For a thorough assessment of LEG stock, go to TipRanks’ Stock Analysis page.