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Lefroy Exploration Ltd. ( (AU:LEX) ) has issued an update.
Lefroy Exploration has commenced mining the first ore panels from the North Pit at its Lucky Strike Gold Deposit, with initial ore intersected just 17 metres below surface and run-of-mine stockpiles set to build through January ahead of haulage. Under a profit-sharing arrangement with mining contractor BML Ventures and a toll-milling agreement with FMR Investments’ Greenfields Mill in Coolgardie for 80,000–90,000 tonnes in February 2026, the company is on the cusp of becoming a first-time gold producer in a strong Australian gold price environment, marking a pivotal shift from explorer to miner and potentially enhancing its cash flow and market standing.
The most recent analyst rating on (AU:LEX) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Lefroy Exploration Ltd. stock, see the AU:LEX Stock Forecast page.
More about Lefroy Exploration Ltd.
Lefroy Exploration Ltd. is an ASX-listed gold exploration and development company focused on advancing its Lucky Strike Gold Deposit near Kalgoorlie in Western Australia. The project targets near-surface gold mineralisation, with a mineral resource estimate of 1.27 million tonnes at 1.95 grams per tonne for 79,600 ounces of gold, positioning Lefroy as an emerging producer in the Kalgoorlie gold district.
Average Trading Volume: 348,498
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$60.86M
Learn more about LEX stock on TipRanks’ Stock Analysis page.