Lefroy Exploration (ASX: LEX)

Reported on the Company’s inaugural toll-milling campaign and mining progress at the Lucky Strike Gold Mine near Kalgoorlie in Western Australia.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces of gold.

 

 

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	Lefroy Exploration	ASX: LEX
	Stage	Exploration
	Metal	Gold
	Market cap	A$71 m @ 28.5  cents
	Location	Kalgoorlie, Western Australia
	Website	www.lefroyex.com

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Lefroy Commences First Toll Milling at the Lucky Strike Gold Mine

 

12 February 2026

 

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) is pleased to report on the Company’s inaugural toll-milling campaign and mining progress at the Lucky Strike Gold Mine near Kalgoorlie in Western Australia.

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).

 

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HIGHLIGHTS

• Inaugural toll milling campaign for the Lucky Strike Gold Mine underway.
• 24-hour haulage ongoing, transporting ore to the FMR Investments Pty Ltd
Greenfields Mill throughout the month of February.
• First gold from Lucky Strike anticipated by mid-month coinciding with
historically elevated spot gold prices.
• A second phase of grade control drilling underway at Lucky Strike targeting the
Stage 2 planned South pit.

 

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LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“We are pleased to confirm that toll-milling is underway at the FMR Greenfields Mill in Coolgardie, representing a truly significant milestone for Lefroy.

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“From the initial execution of the mine profit share agreement with partners BML Ventures in February 2025, we are now on the threshold of generating first gold from the Lucky Strike Gold Mine inside a short 12-month period.

 

“With all upfront funding for the project being provided by BML, we have managed to bring Lucky Strike online with minimal risk exposure to Lefroy shareholders within the context of historically elevated spot gold prices.

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“With grade control drilling also now underway to confirm the Stage 2 south pit, we look forward to expanding the mine footprint at Lucky Strike, to mine more ounces within this strong gold price cycle”

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To read the full news release, please click HERE

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Disclosure

At the time of writing the author holds  shares in Lefroy Exploration

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