Lefroy Exploration Ltd. (AU:LEX) has released an update.
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Lefroy Exploration Ltd. has entered into an agreement with BML Ventures to develop the Lucky Strike Gold Project, aiming for a 50-50 profit share once BML recovers its initial costs. This collaboration leverages BML’s expertise in open pit gold mining, potentially leading to a series of growth projects with over a million ounces of gold resources. The agreement includes BML handling pre-production costs and mining operations, providing a low-risk development path for Lefroy.
For further insights into AU:LEX stock, check out TipRanks’ Stock Analysis page.