Lefroy Exploration (ASX:LEX) is set to secure approvals for production schedules and budget, amid finalising the pit shell optimisation designs for the Lucky Strike Gold Project in Western Australia this month.
Earthworks are also expected to begin in the first half of the December 2025 quarter.
Lefroy, alongside its profit-sharing partner BLM Ventures, are negotiating and pursuing further toll milling agreements with multiple operators in the district.
These agreements will supplement the existing toll milling agreement of up to 90,000 tonnes executed between BML and FMR Investments in June 2025, using the Greenfields Mill in Coolgardie, Western Australia.
This news comes after Lefroy, which has a market capitalisation of $32.3 million, completed heritage surveys across the entire mining project area, with all planned work areas cleared.
A clearing permit application assessment over the Lucky Strike mining lease is in the final stages of review and expected to be completed in the December 2025 quarter.
CEO Graeme Gribbin says the company is entering a new phase whereby profit from Lucky Strike enables Lefroy to pursue a self-funded growth strategy.
“The company remains focused on advancing its strategic goals of unlocking value, with Lucky Strike providing the company with that first pathway,” Gribbin says.
The Lucky Strike Project’s resource contains 1.27 million tonnes @ 1.95 grams per tonne gold for 79,600 ounces.
Lefroy Exploration is a Western Australian mineral explorer and developer focused on its gold and critical minerals project portfolio.
Write to Aaliyah Rogan at Mining.com.au
Images: Lefroy Exploration
