small-cap

Technical Analysis on One ASX-Listed Basic Material Stock – LEX

Feb 09, 2026 | Team Kalkine
Technical Analysis on One ASX-Listed Basic Material Stock – LEX
Image source: Shutterstock

LEX:ASX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (AU$)

Company Overview: Lefroy Exploration Limited (ASX: LEX) is a mineral exploration company focused on developing a portfolio of gold and critical minerals (copper, nickel) projects in Western Australia. Its flagship asset is the 635 square kilometres Lefroy Gold Project near Kalgoorlie, which includes the Burns alkalic gold-copper-molybdenum porphyry system. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

Recent News:

LEX Advances Lucky Strike Toward Near-Term Gold Production: LEX achieved several key milestones during the December 2025 quarter, progressing its profit-sharing mining agreement with BML Ventures Pty Ltd at the Lucky Strike Gold Deposit, located 60km southeast of Kalgoorlie. Lucky Strike hosts a total Mineral Resource Estimate of 1.27 Mt at 1.95 g/t Au for 79,600 ounces and advanced rapidly from final approvals into mining on an accelerated timeline. First toll milling is scheduled to commence in February 2026, marking a major step toward near-term production and cashflow.

Ongoing Growth Opportunities: During the quarter, Lefroy received the second AUD 0.75 million cash advance instalment under the Profit Cash Advance Facility Agreement with BML, reinforcing the Company’s strong cash position ahead of its first cashflow distribution from Lucky Strike. In parallel, resource extension and metallurgical drilling at the Burns Gold Project was completed, with assay results returned in January 2026. Lefroy remains well positioned for further development across its Lefroy Project gold deposits, with advanced discussions ongoing with additional operators to unlock further value.

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