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Lefroy Exploration Ltd.
(Sydney:LEX)
Lefroy Exploration Ltd. (LEX) vs. iShares MSCI Australia ETF (EWA)
Lefroy Exploration Ltd. Business Overview & Revenue Model
Lefroy Exploration Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.00K | 0.00 | 0.00 | 0.00 | 10.00K | 0.00 |
| Gross Profit | -72.00K | -72.00K | -97.00K | -81.00K | -57.00K | 0.00 |
| EBITDA | -1.75M | -2.50M | -3.08M | -2.91M | -2.31M | -1.15M |
| Net Income | -2.57M | -2.57M | -3.19M | -3.00M | -2.38M | -1.13M |
Balance Sheet | ||||||
| Total Assets | 25.75M | 25.75M | 24.99M | 21.37M | 20.44M | 15.29M |
| Cash, Cash Equivalents and Short-Term Investments | 1.68M | 1.68M | 1.35M | 442.00K | 4.25M | 3.35M |
| Total Debt | 114.00K | 114.00K | 175.00K | 236.00K | 295.00K | 0.00 |
| Total Liabilities | 769.00K | 769.00K | 973.00K | 1.25M | 1.44M | 601.00K |
| Stockholders Equity | 24.98M | 24.98M | 24.02M | 20.13M | 19.00M | 14.68M |
Cash Flow | ||||||
| Free Cash Flow | -2.86M | -1.46M | -5.88M | -7.07M | -5.62M | -3.84M |
| Operating Cash Flow | -1.45M | -1.45M | -2.83M | -1.83M | -1.67M | -986.00K |
| Investing Cash Flow | -1.24M | -1.24M | -2.10M | -5.24M | -3.39M | -1.05M |
| Financing Cash Flow | 3.02M | 3.02M | 5.84M | 3.26M | 5.95M | 4.48M |
Lefroy Exploration Ltd. Technical Analysis
Lefroy Exploration Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$72.04M | -22.69 | -10.50% | ― | ― | 32.77% | |
44 Neutral | AU$24.20M | -0.41 | -48.35% | ― | ― | ― | |
40 Underperform | AU$25.60M | ― | ― | ― | ― | ― | |
40 Underperform | AU$17.45M | -1.91 | -106.72% | ― | 90.14% | 52.54% | |
37 Underperform | AU$25.10M | -1.07 | ― | ― | 71.37% | 82.48% | |
34 Underperform | AU$84.10M | -4.06 | -440.50% | ― | ― | -61.06% |
Lefroy Exploration Ltd. Corporate Events
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.
Lefroy Exploration Limited reported its quarterly Appendix 5B cash flow statement for the period ended 31 December 2025, showing net cash outflows from operating activities of A$371,000 and from investing activities of A$541,000, largely driven by exploration and evaluation expenditure and corporate costs. These outflows were more than offset by A$750,000 in cash advances received under a profit cash advance facility with BML Ventures Pty Ltd during the quarter, lifting period-end cash and cash equivalents to A$2.009 million, underscoring the company’s continued reliance on external financing to fund its exploration programs and maintain liquidity.
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.
Lefroy Exploration Limited has announced that 5.6 million options, each exercisable at A$0.45 and due to expire on 20 January 2026, have lapsed unexercised and ceased to exist as securities on the ASX. The expiry of these options slightly simplifies the company’s capital structure by removing a tranche of potential future equity dilution, but does not directly affect its current issued shares, leaving existing shareholders’ current holdings unchanged while reducing overhang from outstanding options.
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.
Lefroy Exploration has commenced mining the first ore panels from the North Pit at its Lucky Strike Gold Deposit, with initial ore intersected just 17 metres below surface and run-of-mine stockpiles set to build through January ahead of haulage. Under a profit-sharing arrangement with mining contractor BML Ventures and a toll-milling agreement with FMR Investments’ Greenfields Mill in Coolgardie for 80,000–90,000 tonnes in February 2026, the company is on the cusp of becoming a first-time gold producer in a strong Australian gold price environment, marking a pivotal shift from explorer to miner and potentially enhancing its cash flow and market standing.
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.
Lefroy Exploration has reported new diamond and reverse circulation drilling results that confirm and extend the high-grade core of its Burns Gold Deposit, part of the Lefroy Gold Project southeast of Kalgoorlie. The latest drilling intersected multiple high-grade zones, including substantial near-surface oxide mineralisation, which validates the existing mineral resource model and strengthens the case for Burns as a significant high-grade component within the broader resource. Material from the new holes will be used for definitive metallurgical test work to confirm recoveries via conventional processing routes and to inform development studies, with the company explicitly positioning Burns as a potential second gold production pathway, which could enhance its growth profile and strategic standing in the competitive Western Australian gold sector.
The most recent analyst rating on (AU:LEX) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on Lefroy Exploration Ltd. stock, see the AU:LEX Stock Forecast page.
Lefroy Exploration has reported a strong start to mining at its high-grade Lucky Strike Gold Mine near Kalgoorlie, with 253,400 bank cubic metres of pre-strip waste material already removed from the Stage 1 pit and first ore intersections expected by the end of December. The company has completed key site infrastructure, commissioned a second waste dump to accelerate pre-strip movement, and remains on schedule to begin ore haulage in January 2026 ahead of its inaugural toll-milling campaign in February 2026, supported by a profit-sharing agreement and a $2.5 million cash advance facility with BML Ventures that leave Lefroy fully funded into 2026.
Lefroy Exploration has strengthened its financial position with a second cash instalment of $0.75 million from BML Ventures as part of a Profit Cash Advance Facility Agreement totaling $2.5 million. This funding supports mining operations and exploration activity at the Lucky Strike Gold Project, positioning the company well for gold processing and profit-share distributions in 2026, while maintaining its operational momentum.
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.
Lefroy Exploration Ltd. has commenced mining at the Lucky Strike Gold Deposit, with operations running continuously. The company expects to expose the first ore in late December 2025 and begin ore haulage in January 2026, with toll treating scheduled for February 2026. The project is supported by a profit-sharing agreement with BML Ventures and a cash advance facility agreement, positioning Lefroy to capitalize on the high gold prices and begin gold production early in 2026.
Lefroy Exploration Limited, listed on the ASX under the ticker LEX, has announced the appointment of Hall Chadwick WA Audit Pty Ltd as its new auditor. This change, approved by shareholders at the recent Annual General Meeting, follows a competitive tender process where Hall Chadwick was chosen for its reputation, experience, and value. The company acknowledges the contributions of its outgoing auditor, Ernst & Young, and anticipates a productive relationship with Hall Chadwick.
Lefroy Exploration Limited, a company listed on the Australian Securities Exchange under the ticker LEX, announced that all resolutions presented at its Annual General Meeting of Shareholders were successfully carried by a poll. This outcome indicates strong shareholder support for the company’s proposed actions and governance, potentially strengthening its operational and strategic initiatives.
Lefroy Exploration Limited announced its plans to commence operations in the calendar year 2025, positioning itself as a new gold producer. This strategic move is expected to enhance the company’s presence in the mining industry and potentially increase its market value, although it involves inherent risks and uncertainties typical of the mining sector.
Lefroy Exploration Ltd. has commenced a diamond drilling program at its Burns Gold Deposit, targeting the high-grade core of the deposit. This initiative aims to enhance metallurgical recovery estimates and further explore the resource potential of the site. The drilling program, which includes both diamond and reverse circulation drilling, is part of Lefroy’s strategy to consolidate and expand its resource base, potentially impacting its market positioning by demonstrating the full exploration potential at Burns.
Lefroy Exploration Limited has received final approvals from the Department of Mines, Petroleum and Exploration for its Lucky Strike Gold Project, allowing mining operations to commence. With BML Ventures Pty Ltd overseeing site activities, the first ore is expected to be processed in February 2026. This development positions Lefroy to become a first-time gold producer, capitalizing on the strong gold market and setting the stage for a profitable year ahead.