Lefroy Confirms Gold Model at Lucky Strike

Lefroy Exploration (ASX: LEX) has reported a final tranche of strong assay results from the Lucky Strike Gold Deposit targeting the proposed northern pit.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz).

“Lucky Strike continues to deliver, with these final grade control results ending what has been a very successful Stage 1 drilling program for the company,” CEO, Graeme Gribbin, said.

“With all assay results now returned, we look forward to finalising our mine plans, budgets, and schedules as we advance towards operations commencing at Lucky Strike before the end of 2025.

“With the company now fully funded until profit-share distribution at Lucky Strike commences in 2026, I look forward to implementing our ambitious growth strategy at Lefroy, through gold production, resource expansion and exploration success. It truly is an exciting time to be a shareholder of Lefroy.

“It is very pleasing to see that numerous drill hole intercepts have confirmed the Company’s current mineral resource and geological model at Lucky Strike.”

Of particular note are the elevated shallow intercepts, including 6m @ 3.89 g/t Au from 21m and 7m @ 4.17 g/t Au from 17m including 3m @ 8.51 g/t Au from 18m.

With this first shallow phase of grade control drilling now complete for the proposed northern pit shell of Lucky Strike Stage 1, attention has shifted towards completing final approvals and permitting.

During July, BML submitted the Mining Proposal for Lucky Strike, representing an important milestone for the Company.

Clearing Permit approvals are in progress, covering the Lucky Strike Mining Lease (M25/366) and haulage road corridors.

Additionally, the company is considering the possibility of a larger Stage 2 pit, with drilling now complete on 2 diamond holes, designed to test the potential for a deeper pit at Lucky Strike. Geotechnical logging is complete, with final assay results pending.

With grade control drilling and associated assay results now returned, the company, in association with BML will advance towards completing final pit shell optimisation designs for Lucky Strike. This, together with a finalised project budget, will be agreed between the parties (BML and Lefroy) for approval in August.