The Board of Lefroy Exploration Limited (ASX: LEX) ('Lefroy' or 'the Company') is pleased to provide its report on activities and progress made during the December 2019 Quarter.
Lefroy is a gold focused exploration company taking a systematic conceptual exploration approach at its flagship Lefroy Gold Project (Lefroy Project or LGP) located approximately 50km to the south east of Kalgoorlie in the Eastern Goldfields Province of Western Australia.
The Lefroy Gold Project is wholly owned by the Company. The commanding, semicontiguous, granted land package now covers 621km2 immediately east of and adjoining the world class St Ives Gold camp, operated by Gold Fields Limited (NYSE: GFI) ('Gold Fields'), and is immediately south of the high-grade Mt Monger gold centre operated by Silver Lake Resources Limited (ASX:SLR). Four gold processing operations are strategically located within 50km of the project and provide commercial options for processing any gold discovered.
The LGP is referenced in two packages i.e.
Eastern Lefroy covering 249km2 of wholly owned tenements including Lucky Strike, Red Dale, Hang Glider Hill, Havelock, and other sub-projects along the regional scale Mt Monger fault, and
Western Lefroy JV tenements covering 372km2 adjoining the Gold Fields tenements that make up the St Ives mining operation. These tenements are included in the Joint Venture agreement with Gold Fields. Gold Fields can earn up to a 70% interest in the LEX tenements by spending up to a total of $25million on exploration activities within 6 years of the commencement date, 7June 2018.
The key focus of exploration by the Company in Eastern Lefroy during the quarter was at the Lucky Strike exploration hub located within 5km of Silver Lake Resources' (ASX: SLR) Randalls processing plant. This involved completion of an infill reverse circulation (RC) program at the Company's priority Lucky Strike prospect. An aircore drilling program was also completed at a new target known as Mulga 3 located approximately 3km to the north east of Lucky Strike.
In addition, an initial three-hole investigative diamond drill program was completed at the Hang Glider Hill (HGH) prospect, located approximately 17km to the north west of Lucky Strike At Western Lefroy, Gold Fields completed a reverse circulation (RC) drilling program in Lake Lefroy.
Subsequent to the end of the Quarter the Company recommenced RC drilling at Lucky Strike.
About Lefroy Exploration Limited and the Lefroy Gold Project
Lefroy Exploration Limited is a WA based and focused explorer taking a disciplined methodical and conceptual approach in the search for high value gold deposits in the Yilgarn Block of Western Australia. Key projects include the Lefroy Gold Project to the south east of Kalgoorlie and the Lake Johnston Project 120km to the west of Norseman.
The 100% owned Lefroy Gold Project contains mainly granted tenure and covers 621km2 in the heart of the world class gold production area between Kalgoorlie and Norseman. The Project is in close proximity to Gold Fields' St Ives gold camp, which contains the Invincible gold mine located in Lake Lefroy and is also immediately south of Silver Lake Resources' (ASX:SLR) Daisy Milano gold mining operation. The Project is divided into the Western Lefroy package, subject to a Farm-In Agreement with Gold Fields and the Eastern Lefroy package (100% Lefroy owned). The Farm-In Agreement with Gold Fields over the Western Lefroy tenement package commenced on 7 June 2018. Gold Fields can earn up to a 70% interest in the package by spending up to a total of $25million on exploration activities within 6 years of the commencement date.
Contact:
Wade Johnson
Tel: +61 8 93210984
Email: wjohnson@lefroyex.com
LEFROY EXPLORATION LIMITED 
