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Lefroy Exploration Ltd. ( (AU:LEX) ) just unveiled an update.
Lefroy Exploration Ltd. has announced the commencement of new drilling programs at its Burns Gold Deposit, aiming to explore and expand the high-grade gold potential near the surface. The company is focusing on the high-grade oxide portion of the Burns resource, with plans to conduct a series of step-out drilling lines to the north and south of the existing resource. This initiative is part of a strategic shift to unlock value from the near-surface high-grade zones, potentially increasing the resource base and advancing development pathways. The announcement highlights the company’s commitment to enhancing shareholder value through strategic exploration and resource growth.
More about Lefroy Exploration Ltd.
Lefroy Exploration Ltd. is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in exploring high-grade gold deposits, with a significant focus on the Burns Gold Deposit located within the broader Lefroy Gold Project in Western Australia.
Average Trading Volume: 277,180
Technical Sentiment Signal: Buy
Current Market Cap: A$40.37M
Find detailed analytics on LEX stock on TipRanks’ Stock Analysis page.