Lefroy Exploration Ltd. (AU:LEX) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Lefroy Exploration Ltd. reported significant gold findings from their latest drilling program at Lucky Strike and Havelock, with notable assays extending known mineralization. The Perth-based company, with a growing gold portfolio in Western Australia, remains focused on commercializing its gold resources and has a robust financial standing with $1.3 million in cash reserves and no debt. In corporate developments, David Kelly was appointed as the new Non-Executive Chairman, and the company received a substantial tax refund post-quarter for R&D activities.
For further insights into AU:LEX stock, check out TipRanks’ Stock Analysis page.