Projects Overview

Lefroy Projects

Project Overview

Lefroy Exploration Limited (ASX:LEX) is an active West Australian exploration company focused on developing its flagship Lefroy Project (Figure 3), a contiguous land package of 635km² located
in the heart of the world-class Kalgoorlie and Kambalda gold and nickel mining districts and the Lake Johnston Project 120km west of Norseman.

Lefroy is pursuing a low-cost gold production strategy through profit share mining agreements on its shallow, high-grade gold deposits. 

The Company’s Lucky Strike Deposit, which hosts a Mineral Resource of 79,600oz, is subject to the first of these agreements. Mining of first ore commenced in January 2026, followed by toll treatment and first gold production in February 2026.

Additional deposits Mt Martin (460,000oz at 1.6g/t Au) and the high-grade portion of the Burns resource (159,285oz at 1.18g/t Au) offers additional potential for similar agreements and show significant resource growth potential through ongoing exploration.

With over one million ounces in resources and a low-cost development pathway, LEX is well positioned to generate cash flow and advance its broader portfolio.