Lefroy Exploration Secures A$755k R&D Tax Refund

Lefroy Exploration Ltd. (AU:LEX) has released an update.

Lefroy Exploration Ltd. has received a significant boost with a A$755k tax refund from the Australian Tax Office for research and development at its Burns Gold-Copper Project, which has led to a maiden Mineral Resource Estimate and will support ongoing exploration activities. The R&D efforts have not only refined the company’s exploration strategy at Burns but have also enhanced understanding of the Eastern Goldfields Province, where the company is set to begin a strategic regional air core drilling program.

For further insights into AU:LEX stock, check out TipRanks’ Stock Analysis page.