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Lefroy Exploration Limited (ASX:LEX)

ALERT: Price-sensitive ASX Announcement for LEX
Current share price for LEX : $0.125 -0.17 (-57.63%)+
Announcement
Release
12 Feb 2026 8:11AM
Price at Release
$0.295
Full Release
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Summary
Lefroy Exploration Limited has announced the commencement of its first toll milling campaign at the Lucky Strike Gold Mine, a significant milestone for the company. The campaign involves processing ore at the FMR Greenfields Mill in Coolgardie, with 24-hour ore haulage underway throughout February. The company anticipates generating its first gold from this project by mid-month, supported by a profit share agreement with BML Ventures established in February 2025. The Lucky Strike Gold Deposit, located near Kalgoorlie, Western Australia, contains an estimated 79,600 ounces of gold. Additionally, grade control drilling is progressing for the planned Stage 2 south pit, aiming to expand the mine's footprint in light of favorable gold price conditions.
Key Points
  • First toll milling campaign underway for Lucky Strike Gold Mine.
  • 24-hour ore haulage to FMR Greenfields Mill in February.
  • First gold anticipated by mid-February 2026.
  • Inaugural toll milling represents a significant milestone for Lefroy.
  • Profit share agreement with BML Ventures established in February 2025.
  • 79,600 ounces of gold estimated at the Lucky Strike Gold Deposit.
  • Grade control drilling underway for Stage 2 south pit.
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.