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Lefroy Exploration Limited (ASX:LEX)

ALERT: Price-sensitive ASX Announcement for LEX
Current share price for LEX : $0.170 0.06 (54.55%)+
Announcement
Release
31 Jul 2026 9:21AM
Price at Release
$0.110
Full Release
download
Summary
Lefroy Exploration Limited's June 2026 Quarterly Activities Report highlights significant progress across various projects. The company advanced its portfolio with the transition from explorer to producer, focusing on the Lucky Strike and Mt Martin projects. The Mineral Resource Estimate (MRE) at Mt Martin increased to 460,000 ounces of gold with further drilling and a Scoping Study initiated. Excellent gold recoveries were reported at the Burns Gold Deposit, and a $3.6 million placement was completed to fund ongoing projects. The appointment of Mr. James Knowles as Non-Executive Director was announced, enhancing the company's leadership team.
Key Points
  • Increased Mineral Resource Estimate at Mt Martin to 460,000 ounces.
  • Commenced Scoping Study for potential development scenarios.
  • Reported 97% gold recovery from Burns Gold Deposit.
  • Completed $3.6 million placement for project funding.
  • Appointment of James Knowles as Non-Executive Director.
  • Continued progress at Lucky Strike with grade control drilling.
  • Maintained cash reserves of $3.1 million as of 30 June 2026.
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.