Business
Interim Results
Lexington Gold reported its unaudited interim consolidated results for the half-year ended June 30, 2025. The company's net loss for H1 2025 was approximately US$0.4 million, compared to US$0.3 million in H1 2024. Total assets increased to US$16.9 million from US$16.4 million at the end of 2024. The company's cash position decreased to US$0.7 million from US$0.9 million at the end of 2024, while total liabilities decreased slightly to US$0.6 million from US$0.7 million at the end of 2024. The company completed a £530,000 gross equity placing at 3.4p per share and received Ministerial Section 11 approval for the acquisition of White Rivers Exploration, triggering the issue of 20,645,161 deferred consideration shares at 6.20p per share. Disclaimer*
About this update from Lexington Gold Ltd.
[{"type":"text","content":"\n\n29 September 2025\nLexington Gold Ltd\n(\"Lexington Gold\" or the \"Company\")\n \nInterim Consolidated Results for the half-year ended 30 June 2025\n \nLexington Gold (AIM: LEX; OTCQB: LEXLF), the gold exploration and development company with projects in South Africa and the USA, is pleased to announce its unaudited interim consolidated results for the six-month period to 30 June 2025 (\"H1 2025\" or the \"Period\").\n \nHighlights:\n \nOperational\n· Publication of a maiden JORC (2012) Exploration Target at the Bothaville Project (\"Bothaville\") of 16-30Mt at 3.26-6.03 g/t Au containing 1.68-5.82Moz of gold, independently prepared by Shango Solutions (Pty) Limited (\"Shango Solutions\")\n· Commissioning of a conceptual-level mining study for the Jelani JV Project (\"Jelani JV\") with Harmony Gold Mining Company Limited (\"Harmony Gold\"), being undertaken by Bara Consulting (Pty) Limited (\"Bara Consulting\"), to refine the potential future mine design and assess the potential use of Harmony Gold's nearby infrastructure\n· Commencement of an approximate 600m follow-up diamond drilling programme at the Jennings-Pioneer Project (USA) targeting extensions of the Barite Hill and Jennings Trends, following the successful 2024 campaign\n· Trading in the Company's common shares commenced on the OTCQB in the United States under ticker LEXLF, thereby broadening investor access and enhancing share liquidity, with the Depository Trust Company (DTC) eligibility process currently being finalised to facilitate electronic trading and settlement\n· Completion of a £530,000 (ca. USD706,000) gross equity placing at 3.4p per share and appointment of Optiva Securities Limited as joint broker alongside Peterhouse Capital Limited\n· Receipt of Ministerial Section 11 approval for the acquisition of White Rivers Exploration (Pty) Limited (\"WRE\"), triggering the issue of 20,645,161 deferred consideration shares at 6.20p per share\n \nPost Period End\n· Completion of the follow-up Jennings-Pioneer Project drilling programme (599m across six holes). Assay results confirmed significant extensions of mineralisation al...