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Lefroy Exploration Ltd. ( (AU:LEX) ) has issued an announcement.
Lefroy Exploration Limited has entered into a profit-sharing mining agreement with BML Ventures Pty Ltd for the Lucky Strike Gold Project, which is located southeast of Kalgoorlie. This agreement allows BML to manage and fund all mining activities, with net profits to be shared equally between the two companies. The agreement aims to accelerate the development of the Lucky Strike Project, with mining operations expected to commence in the latter half of 2025.
More about Lefroy Exploration Ltd.
Lefroy Exploration Limited operates in the mining industry, focusing on the exploration and development of gold projects. The company’s primary market focus is on gold exploration and mining activities in Australia.
YTD Price Performance: 10.0%
Average Trading Volume: 199,535
Technical Sentiment Signal: Buy
Current Market Cap: A$19.13M
Find detailed analytics on LEX stock on TipRanks’ Stock Analysis page.