InvestSMART

Lefroy Exploration Limited (ASX:LEX)

ALERT: Price-sensitive ASX Announcement for LEX
Current share price for LEX : $0.130 0.015 (13.04%)+
Announcement
Release
30 Jun 2026 8:11AM
Price at Release
$0.115
Full Release
download
Summary
Lefroy Exploration Limited has commenced a Scoping Study for the Mt Martin Gold Project, aiming to assess development options including open pit mining, processing strategies, and project economics. The study follows a $3.6 million placement to support evaluation activities and is expected to conclude by the end of September 2026. The Mt Martin deposit has a mineral resource estimate of 9.1 million tonnes at 1.6 g/t gold for 460,000 ounces. This initiative is part of Lefroy's broader strategy to advance its gold asset portfolio, which exceeds 1 million ounces in resources.
Key Points
  • Commencement of Mt Martin Scoping Study
  • Engagement of Measured Group for the study
  • Mt Martin resource estimate: 9.1Mt @ 1.6g/t for 460k oz of gold
  • Funding of $3.6 million secured for evaluation
  • Evaluation of open pit mining and project economics
  • Study completion expected by September 2026
  • Part of strategy to advance gold portfolio with over 1 million ounces
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.