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Lefroy Exploration Ltd. ( (AU:LEX) ) has provided an update.
Lefroy Exploration Ltd. has commenced reverse circulation drilling at its Burns Gold Deposit, targeting the high-grade gold corridor to the north. This initiative aims to extend the resource potential of the Burns high-grade system, which already contains significant gold reserves. The company anticipates assay and metallurgical results by January 2026, which could enhance its resource base and strengthen its market position. With the gold system open to both the south and north, Lefroy is optimistic about unlocking further resource potential, marking a robust end to 2025 and setting the stage for growth in 2026.
More about Lefroy Exploration Ltd.
Lefroy Exploration Ltd. operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its Lefroy Gold Project located in the Kambalda-Kalgoorlie gold district of Western Australia, which includes the Burns Gold Deposit.
Average Trading Volume: 408,301
Technical Sentiment Signal: Buy
Current Market Cap: A$45.96M
For an in-depth examination of LEX stock, go to TipRanks’ Overview page.