Lefroy begins gold production at Lucky Strike mine

Core Viewpoint - Lefroy Exploration has commenced initial gold production at the Lucky Strike Gold Mine, marking a significant milestone in its operational journey [1][4]. Group 1: Production and Operations - The company has shipped its first three gold doré bars, weighing a total of 27.2 kg, which is approximately 584 oz of gold, to the Perth Mint Refinery for final refining [1]. - The current toll milling campaign at the Lucky Strike Gold Mine is ongoing at the FMR Greenfields plant in Coolgardie and is expected to conclude by the end of February [1]. - Additional ore reserves are available at both the Lucky Strike and mill run of mine pads, ready for processing [2]. Group 2: Resource Estimates - The Lucky Strike Gold Deposit has a mineral resource estimate (MRE) of 1.27 million tonnes (mt) at 1.95 grams per tonne (g/t) gold, translating to approximately 79,600 oz of gold [2]. - This includes an indicated resource of 700,000 t at 1.93 g/t, amounting to 43,400 oz, and an inferred resource of 570,000 t at 1.97 g/t, totaling 36,200 oz [3]. Group 3: Strategic Partnerships and Future Plans - Lefroy is collaborating with its profit share partner, BML Ventures, to negotiate additional toll milling capacity for the project, with more details expected to be released soon [2]. - The CEO highlighted the importance of past and present shareholders and investors in facilitating the company's progress and emphasized the potential for significant value delivery from the broader Lefroy Project, which has a one-million-ounce gold resource base [5].