Lefroy Exploration Limited is a company incorporated in the British Virgin Islands with its registered office in Roadtown the capital of the BVI. The company listed on the Australian Securities Exchange ('ASX') on the 5th September, 1991 as an investment fund and remains a recognised foreign Corporation.
The focus of those investments in recent years has been on mineral exploration and mining companies aligning with the current Board’s expertise in the area. U.S. Masters Holdings Limited formally changed its name to Lefroy Exploration Limited (LEX) on 17th August 2016 to reflect its focus to exploration opportunities in Western Australia.
In recent years LEX began to investigate greenfield investment opportunities in the mineral exploration area, with the aim of acquiring tenements for investment purposes and potentially acquiring tenements to undertake exploration activities. The Company commenced applying for tenements considered prospective in Gold and Nickel in Western Australia over the past year. The tenements are located within the Eastern Goldfields, Southern Cross, and Murchison Provinces of the Yilgarn Craton.
LEX recently entered into three separate agreements that will considerably expand the area available to LEX for exploration and provide the company with liquid securities which can be converted over time to fund exploration activities. These transactions, together with the Company’s acquisition of tenements, will transform LEX into a gold and nickel focused mineral exploration entity. Full details of the company and its transformation can be found in the Prospectus.