West Australian exploration company Lefroy Exploration has secured all final mining and environmental approvals for its Lucky Strike gold project. Approval for the Lucky Strike mine includes a Mine Development and Closure Plan (MDCP) from the Department of Mines, Petroleum and Exploration (DMPE), along with a clearing permit for mining tenement M25/366. BML Ventures, the project’s profit-sharing partner, will begin site clearing and pre-strip activities in November. The Kalgoorlie-based mining contractor, which has experience in developing and operating open-pit gold mines, will coordinate mining, operational and management activities at Lucky Strike. The project is fast tracked, with the first ore scheduled for toll treatment at FMR Investments’ Greenfields Mill in Coolgardie in February 2026. BML will pre-fund and coordinate all pre-mining, capital and operational expenses, allowing Lefroy Exploration to maintain a strong cash position until profit share distribution, which is anticipated within the first half of 2026. 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) of gold for 79,600oz. This includes 700,000 tonnes (t) at 1.93g/t of gold for 43,400oz in the indicated category and 570,000t at 1.97g/t of gold for 36,200oz in the inferred category. Lefroy CEO Graeme Gribbin said: “The acceptance by the DMPE of the Mine Development and Closure Plan represents the final major approval for the project, paving the way for earthworks to commence at Lucky Strike. With BML now overseeing all on-site activities, first toll milling of ore is scheduled for February 2026. “Exposed to the current buoyant gold market, this truly represents the most exciting period for Lefroy shareholders, as the company advances towards being first-time gold producers, unlocking real value and setting the stage for a strong profitable 2026 and beyond.” Lefroy Exploration is focused on developing its flagship Lefroy project, a contiguous land package of 635km² in the heart of Kalgoorlie and Kambalda gold and nickel mining districts, as well as the Lake Johnston project, located 120km west of Norseman. Earlier in June, Lefroy Exploration secured its first toll milling agreement for processing ore from the Lucky Strike gold project. "Lefroy Exploration secures final mining, exploration approvals for Lucky Strike project " was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. View Comments
Lefroy Exploration secures final mining, exploration approvals for Lucky Strike project
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research.
Start Your Free Trial Now!Not sure where to invest today?
Kalkine’s latest research highlights three companies identified through in-depth analysis and market insights.
Explore these research reports to learn about companies currently being tracked by our analysts and make more informed investment decisions.
View 3 Research ReportsThis information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.
Please wait processing your request...