Published: 8/25/2026 8:42:51 AM

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Finwire about Lappland Guldprospektering AB (publ): Lappland Guldprospektering reports small changes in results as planned - CEO: updated mineral resource due in Q3

The exploration company Lappland Guldprospektering reports small changes in results in the second quarter, while drilling at Nya Gilleberget has shown a gold-bearing zone.Revenue was as planned at SEK 0 million (0.0). Net profit amounted to SEK -3.2 million (-1.4). Earnings per share amounted to SEK -2.60 (-1.30).Cash and cash equivalents amounted to SEK 20.3 million (15.4) at the end of the quarter.During the quarter, the company reported assay results from the first core drill hole at Nya Gilleberget. The result showed a continuous gold-bearing zone over 28.05 metres of drill-hole length with an average grade of 2.30 grams of gold per tonne, including 10.50 metres at 3.95 grams per tonne. Results from the three remaining holes are expected in August.CEO Fredrik Johansson states that the company's main project, Stortjärnhobben, has an inferred mineral resource of 4.6 tonnes of gold. Drilling is under way to move parts of the resource into the indicated mineral resource category.An updated mineral resource estimate for Stortjärnhobben, which was previously expected during the first half of the year, has been delayed until the third quarter. It will form the basis for a preliminary economic assessment, a so-called scoping study.The company is working in parallel on an environmental permit for full-scale mining operations. Regarding the planned trial mining, the company's intention is to carry it out during the year, but the timing depends on processing, decisions and any appeals."Three things will determine the second half of the year. The first is the updated mineral resource. The second is the environmental permit for the trial mining, which is with the County Administrative Board. The third is the land allocation, which is with the court. Two of the three are with someone other than us. What we control ourselves is the drilling, and it continues. The report's milestones state what we are waiting for and when. Follow them; they determine how quickly Stortjärnhobben moves forward," says Johansson. Key figures, SEK millionQ2 2026Q2 2025Year-over-year changeRevenue0.00.0-Net profit-3.2-1.4-Earnings per share, SEK-2.60-1.30-Cash and cash equivalents20.315.432.2%

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