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Lefroy Exploration Limited (ASX:LEX)

ALERT: Price-sensitive ASX Announcement for LEX
Current share price for LEX : $0.115 -0.045 (-28.13%)+
Announcement
Release
23 Oct 2025 8:21AM
Price at Release
$0.160
Full Release
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Summary
Lefroy Exploration Limited (ASX: LEX) is gearing up to commence significant drilling programs at its Burns deposit, targeting high-grade gold resources. The Burns Gold Deposit, part of the Lefroy Gold Project near Kalgoorlie, contains a mineral resource estimate of 42.96 million tonnes at 0.36 g/t Au, comprising a total of 497,472 contained ounces. A key focus is on the near-surface high-grade oxide portion of Burns Central, with plans to extend the high-grade gold resource along the northern and southern flanks. The drilling will involve both reverse circulation and a targeted diamond drilling program to confirm preliminary metallurgical results and guide development pathways. Previous drilling has identified significant high-grade gold intersections, underscoring the potential for resource expansion. The company's broader strategy includes profit share mining agreements to advance its portfolio, aiming for low-cost gold production and significant resource growth.
Key Points
  • Drilling programs to test high-grade gold at Burns starting soon.
  • Previous drill results showed significant high-grade gold intersections.
  • Burns Gold Deposit includes 42.96 Mt @ 0.36 g/t Au for 497,472 ounces.
  • High-grade core of Burns remains open for further exploration.
  • Focus on growing resource and development through profit share agreements.
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.