Lefroy Exploration eyes gold production at Lucky Strike later this year

Lefroy Exploration is aiming to start mining at the Lucky Strike gold project later this year after signing a toll-milling agreement with FMR Investments.

Lefroy told the Australian Securities Exchange on Tuesday a one-month February 2026 slot had been secured at the Greenfields mill, near Coolgardie, in the agreement between its joint venture partner BML Ventures and FMR.

Lefroy said the deal involved 80,000-90,000 tonnes of ore.

The company said it and BML were negotiating with other companies to secure 250,000 toll-milling ore tonnes for stage one of production at Lucky Strike.

The project south-east of Kalgoorlie-Boulder contains a mineral resource estimate of 1.27 million tonnes at 1.95g per tonne for 79,600 ounces of gold.

Some 700,000t at 1.93g/t for 43,400oz is in the indicated category, with 570,000t at 1.97g/t for 36,200oz inferred.

Lefroy chief executive Graeme Gribbin said the toll-milling agreement was another important milestone down the path of starting operations at Lucky Strike.

“With drill rigs on site, permitting advancing, and the first ore-processing agreement in place, we are methodically advancing the Lucky Strike project towards operations and production in the second half of 2025,” he said.

Lefroy said Lucky Strike was the first of three separate resources, totalling 1Moz, that the company was seeking to develop during the next few years.