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Lefroy Exploration Ltd. ( (AU:LEX) ) has provided an update.
Lefroy Exploration has reported new diamond and reverse circulation drilling results that confirm and extend the high-grade core of its Burns Gold Deposit, part of the Lefroy Gold Project southeast of Kalgoorlie. The latest drilling intersected multiple high-grade zones, including substantial near-surface oxide mineralisation, which validates the existing mineral resource model and strengthens the case for Burns as a significant high-grade component within the broader resource. Material from the new holes will be used for definitive metallurgical test work to confirm recoveries via conventional processing routes and to inform development studies, with the company explicitly positioning Burns as a potential second gold production pathway, which could enhance its growth profile and strategic standing in the competitive Western Australian gold sector.
The most recent analyst rating on (AU:LEX) stock is a Hold with a A$0.27 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 company focused on the Lefroy Gold Project in the Kambalda–Kalgoorlie district of Western Australia. Its primary asset is the Burns Gold Deposit, which hosts both a large low-grade resource and a structurally controlled high-grade zone near surface, positioning the company within a prolific regional gold belt alongside established operations such as St Ives, Daisy Milano and Mt Monger.
Average Trading Volume: 351,544
Technical Sentiment Signal: Buy
Current Market Cap: A$64.59M
For an in-depth examination of LEX stock, go to TipRanks’ Overview page.