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The latest announcement is out from Lefroy Exploration Ltd. ( (AU:LEX) ).
Lefroy Exploration has rapidly advanced its Lucky Strike Gold Mine from final permitting to active mining during the December 2025 quarter under a 50:50 profit-sharing agreement with BML Ventures, which funds all capital and operating costs. With mining underway, pre-strip completed, and haulage and toll milling scheduled to start in early 2026, Lefroy expects its first profit-share cash flows in the first half of 2026, supported by a recent $0.75 million cash advance and ongoing resource extension and metallurgical drilling at the Burns Gold Project that position the company for further development deals on its gold assets.
The most recent analyst rating on (AU:LEX) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Lefroy Exploration Ltd. stock, see the AU:LEX Stock Forecast page.
More about Lefroy Exploration Ltd.
Lefroy Exploration Limited is an Australian gold exploration and development company focused on advancing its Lefroy Project near Kalgoorlie in Western Australia. The company’s portfolio includes the Lucky Strike and Burns gold deposits, and it pursues profit-sharing and toll-milling arrangements with specialist operators to bring near-surface resources into production while limiting its own capital outlay.
Average Trading Volume: 391,992
Technical Sentiment Signal: Buy
Current Market Cap: A$68.32M
See more data about LEX stock on TipRanks’ Stock Analysis page.