Lefroy Exploration secures final mining, exploration approvals for Lucky Strike project

Core Insights - Lefroy Exploration has obtained all necessary mining and environmental approvals for the Lucky Strike gold project, including a Mine Development and Closure Plan from the Department of Mines, Petroleum and Exploration [1][4] - BML Ventures will manage site clearing and pre-strip activities, with the first ore expected to be processed in February 2026 [2][4] Project Details - The Lucky Strike gold deposit has a mineral resource estimate of 1.27 million tonnes at 1.95 grams per tonne of gold, equating to approximately 79,600 ounces [3] - The resource includes 700,000 tonnes at 1.93 grams per tonne for 43,400 ounces in the indicated category and 570,000 tonnes at 1.97 grams per tonne for 36,200 ounces in the inferred category [4] Financial and Operational Aspects - BML will pre-fund all pre-mining, capital, and operational expenses, allowing Lefroy Exploration to maintain a strong cash position until profit share distribution, expected in the first half of 2026 [3] - The project is positioned to benefit from the current buoyant gold market, with expectations of strong profitability in 2026 and beyond [5] Strategic Focus - Lefroy Exploration is also focused on developing its flagship Lefroy project, which spans 635 square kilometers in the Kalgoorlie and Kambalda gold and nickel mining districts, as well as the Lake Johnston project located 120 kilometers west of Norseman [5] Recent Developments - In June, Lefroy Exploration secured its first toll milling agreement for processing ore from the Lucky Strike gold project [6]