Lefroy Exploration Limited Advances Lucky Strike Gold Project Amid Clearing Permit Applications

Strategic Insights -

Lefroy Exploration Limited, a Sydney-based company, has reported significant progress on its Lucky Strike Gold Project, a flagship asset in Western Australia. The company is poised to commence gold operations in the December quarter after receiving heritage clearance and making significant advancements in environmental approvals and pit shell designs.

Key Takeaways:

  • The Lucky Strike Gold Deposit contains an Measured and Indicated (M&I) Mineral Resource Estimate (MRE) of 1.27Mt @ 1.95 g/t Au for 79,600 ounces, with an Inferred Mineral Resource of 0.57Mt @ 1.97 g/t Au for 36,200 ounces.
  • The company has completed grade control drilling and pit shell optimisation designs, with production scheduling and budgeting also well advanced.
  • A larger Stage 2 pit at Lucky Strike is being considered, with 2 diamond drill holes completed in July to test the potential for a deeper pit.
  • Numerous permitting and approvals works have advanced, with heritage survey clearances and clearing permit applications submitted for government departmental approval.
  • The company expects to receive assay results from the Stage 2 drilling program in September, which will aid in assessing high-grade continuity of mineralisation below the planned Stage 1 Northern Pit.
  • Lefroy Exploration is negotiating with multiple toll-milling operators to supplement the existing agreement with FMR Investments Pty Ltd and BML Ventures.
  • The company anticipates earthworks to commence in the first half of the December quarter, with a focus on unlocking value for shareholders.

Statistics:

  • 1.27Mt @ 1.95 g/t Au for 79,600 ounces (M&I Mineral Resource Estimate)
  • 0.57Mt @ 1.97 g/t Au for 36,200 ounces (Inferred Mineral Resource)
  • 2 laser drill holes completed in July to test the potential for a deeper pit.
  • 90,000 tonnes (existing toll-milling agreement with FMR Investments Pty Ltd and BML Ventures)
  • December quarter (estimated commencement of gold operations)
  • $1 million (existing revenue generating phase with BML Ventures)

Sources:

  • Lefroy Exploration Limited ("Lefroy" or "the Company") ASX: LEX
  • ASX releases 29 July 2025, 3 June 2025, and 24 June 2025
  • Kakarra (Part A) Native Title Holders WAD297/2020 [WC2020/005]
  • FMR Investments Pty Ltd
  • BML Ventures
  • Greenfields Mill in Coolgardie

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  • BML Ventures