The latest update is out from Lefroy Exploration Ltd. ( (AU:LEX) ).
Lefroy Exploration Ltd. has initiated a 3000-meter reverse circulation drilling program at its Lucky Strike Gold Project to refine and extend the gold resource model. This effort is part of a profit-sharing agreement with BML Ventures Pty Ltd, aimed at advancing mine planning and optimizing pit shell designs. The drilling outcomes will support the submission of a Clearing Permit Application in April, with the goal of commencing mining operations in the second half of 2025. The program targets shallow mineralization within 50 meters of the surface, focusing on high-grade zones around tight folds in the banded iron formation.
More about Lefroy Exploration Ltd.
Lefroy Exploration Ltd. is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Lucky Strike Gold Project, where the company is working to refine and extend its gold resource model. Lefroy is collaborating with BML Ventures Pty Ltd to advance mine planning and optimize pit shell designs.
YTD Price Performance: 21.43%
Average Trading Volume: 186,457
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$21.12M
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