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Lefroy Exploration Ltd. ( (AU:LEX) ) just unveiled an update.
Lefroy Exploration has produced its first gold doré bars from the Lucky Strike Gold Mine near Kalgoorlie, marking a key milestone in moving from exploration to production. The Lucky Strike deposit hosts a mineral resource estimate of 1.27 million tonnes at 1.95 grams per tonne gold for 79,600 ounces, forming part of a larger one-million-ounce gold resource across the Lefroy Project.
The initial toll milling campaign is well advanced at the FMR Greenfields plant in Coolgardie, with first bars shipped to the Perth Mint refinery and completion targeted by the end of February. Additional ore stocks are already positioned at both the mine and mill, and the company is negotiating extra toll-milling capacity, signalling a ramp-up phase that could enhance cash flow and unlock further value for existing shareholders.
The most recent analyst rating on (AU:LEX) stock is a Hold with a A$0.25 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 Ltd. is an Australian gold exploration and development company focused on advancing its gold resource base near Kalgoorlie in Western Australia. The company is progressing the Lucky Strike Gold Mine as part of its broader Lefroy Project, which hosts a total gold resource of around one million ounces aimed at creating shareholder value through staged production and toll-milling arrangements.
Average Trading Volume: 390,573
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$60.86M
Learn more about LEX stock on TipRanks’ Stock Analysis page.