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Lefroy Exploration Ltd. ( (AU:LEX) ) has provided an announcement.
Lefroy Exploration Limited has secured a Profit Cash Advance Facility Agreement with BML Ventures Pty Ltd, ensuring full funding until profit-share distributions commence at the Lucky Strike Gold Project in the first half of 2026. This agreement, which avoids shareholder dilution, includes a total funding commitment of $2.5 million, with cash advances to be offset against Lefroy’s 50% entitlement under the existing Profit-Sharing Agreement with BML. The funding strengthens Lefroy’s cash position, enabling further exploration programs and maintaining ownership of their mineral resources.
More about Lefroy Exploration Ltd.
Lefroy Exploration Limited is a company in the mining industry, focusing on exploration and development of gold projects. The company is involved in the Lucky Strike Gold Project, which has a Mineral Resource Estimate of 1.27 million tonnes at 1.95 grams per tonne of gold, equating to 79,600 ounces.
Average Trading Volume: 461,776
Technical Sentiment Signal: Hold
Current Market Cap: A$26.08M
For an in-depth examination of LEX stock, go to TipRanks’ Overview page.