What's Happening?
Lefroy Exploration is set to commence site works and mining activities for its Lucky Strike Gold Project in Western Australia after receiving final regulatory approvals. The Department of Mines, Petroleum
and Exploration has approved the mine development and closure plan and clearing permit, allowing Lefroy's mining partner, BML Ventures, to begin site preparation. This includes setting up site offices, accommodation, and infrastructure for waste and ore stockpiles. Mining is expected to ramp up through early 2026, with gold production anticipated from March 2026. The project hosts a mineral resource of 1.27 million tonnes at 1.95 grams per tonne gold for 79,600 ounces.
Why It's Important?
The approval marks a significant milestone for Lefroy Exploration, transitioning the company from an explorer to a gold producer. This development positions Lefroy to capitalize on the current buoyant gold market, potentially unlocking real value for shareholders. The project is expected to contribute to the local economy and create job opportunities in the region. With BML Ventures funding and managing all pre-mining, capital, and operational costs, Lefroy remains debt-free until revenue sharing begins in 2026, providing financial stability and growth potential.
What's Next?
Lefroy Exploration plans to advance towards being first-time gold producers, with first toll milling of ore scheduled for February 2026. The company holds a 635km² land package across the Kalgoorlie–Kambalda region, with Lucky Strike being the first of several deposits targeted for near-term production. The successful transition to gold production could set the stage for a strong and profitable 2026 and beyond, as the company continues to explore and develop additional deposits.
