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An announcement from Lefroy Exploration Ltd. ( (AU:LEX) ) is now available.
Lefroy Exploration Ltd has secured its first toll milling agreement for the Lucky Strike Gold Project, marking a significant step towards production. The agreement involves processing ore at the Greenfields Mill in Coolgardie in February 2026, with an expected throughput of 80,000 to 90,000 tonnes. This milestone is part of Lefroy’s strategic plan to advance the Lucky Strike project, with ongoing negotiations for additional milling partners and further drilling and permitting activities underway. The agreement is expected to unlock value for shareholders as the company progresses towards operational status.
More about Lefroy Exploration Ltd.
Lefroy Exploration Ltd is a company in the mining industry, focusing on gold exploration and development. Their primary project is the Lucky Strike Gold Project, which has a mineral resource estimate of 1.27 million tonnes at 1.95 g/t gold, equating to 79,600 ounces. The company is working towards commencing operations and production in the second half of 2025.
Average Trading Volume: 318,506
Technical Sentiment Signal: Sell
Current Market Cap: A$26.08M
See more insights into LEX stock on TipRanks’ Stock Analysis page.