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Lefroy Exploration Ltd. ( (AU:LEX) ) has shared an update.
Lefroy Exploration Limited has achieved significant milestones in its Lucky Strike Gold Project, including the completion of heritage surveys and the finalization of pit shell designs. The project is on track to commence operations in the December quarter, with plans for earthworks and pre-strip activities. Additionally, the company is progressing with its Burns Central Gold Project, with a drilling program set to begin in October. Lefroy is fully funded and aims to leverage profits from Lucky Strike to pursue a self-funded growth strategy, enhancing shareholder value through cash flow generation and further development of its gold resources.
More about Lefroy Exploration Ltd.
Lefroy Exploration Limited is a company operating in the mining industry, focusing on the exploration and development of gold deposits. The company is primarily engaged in advancing its gold projects, including the Lucky Strike and Burns Central Gold Projects, with an emphasis on high-grade shallow gold resources.
Average Trading Volume: 314,265
Technical Sentiment Signal: Buy
Current Market Cap: A$28.57M
Find detailed analytics on LEX stock on TipRanks’ Stock Analysis page.