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Lefroy Exploration Ltd. ( (AU:LEX) ) just unveiled an update.
Lefroy Exploration Ltd has entered into an Exclusivity and Heads of Agreement with BML Ventures Pty Ltd to develop the Lucky Strike Gold Project, which holds a mineral resource estimate of 1.27 million tonnes at 1.95 grams per tonne of gold for 79,600 ounces. This agreement aims to finalize a binding mine Profit Share Agreement, with BML coordinating and funding all pre-production mining approvals and costs. Additionally, Lefroy has announced updates to mineral resources at Burns Central and Mt Martin, along with securing $3.3 million in funding, which positions the company well for future growth and development in the gold mining sector.
More about Lefroy Exploration Ltd.
Lefroy Exploration Ltd is a company engaged in the exploration and development of gold resources in Western Australia. The company focuses on commercializing its existing gold resources and advancing projects within the broader Lefroy Gold Project region.
YTD Price Performance: 1.43%
Average Trading Volume: 138,799
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$17.12M
Learn more about LEX stock on TipRanks’ Stock Analysis page.
