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Lefroy Exploration Limited (ASX:LEX)

ALERT: Price-sensitive ASX Announcement for LEX
Current share price for LEX : $0.115 -0.175 (-60.34%)+
Announcement
Release
29 Jan 2026 8:13AM
Price at Release
$0.290
Full Release
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Summary
Lefroy Exploration Limited's December 2025 Quarterly Activities Report highlights significant progress in their mining and exploration projects. During the quarter, site clearing and pre-strip mining activities commenced at the Lucky Strike Gold Mine, with mining operations beginning in December 2025. The company is on track for its first ore haulage in January 2026, followed by a toll-milling campaign in February 2026. Additionally, a resource extension drilling program was conducted at the Burns Central project, focusing on high-grade gold potential. The company also secured a second cash advance of $0.75 million from BML Ventures to bolster its cash position, totaling $2 million under the Profit Cash Advance Facility Agreement. The report underscores Lefroy's strategic focus on developing its gold and critical mineral projects in Western Australia.
Key Points
  • Commencement of site clearing and mining operations at Lucky Strike Gold Mine.
  • Mining activities began in December 2025 with pre-strip waste material mined.
  • First ore haulage is scheduled for January 2026.
  • Inaugural toll-milling campaign planned for February 2026.
  • Resource extension drilling at Burns Central to target high-grade gold zones.
  • Secured $0.75 million cash advance from BML Ventures under the Profit Cash Advance Facility.
  • Total cash advances amount to $2 million with $0.5 million remaining to be drawn.
  • December quarter cash reserves reported at $1.85 million.
  • Focus on gold and critical minerals projects in Western Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.