Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — Investor Presentation (September 2023)
20 slides from Lefroy Exploration's investor presentation, September 2023
Slide 1: Transformational Acquisition Provides Pathway to Development
Transformational Acquisition Provides Pathway to Development Advanced Kambalda-based nickel and gold projects Nickel and gold resource portfolio in Tier 1 location Pipeline of activity to progress key assets toward development Premier mining jurisdiction provides near-term, low capital development o
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as of September 5 2023. It does not represent an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information contained in this present
Slide 3: Company Overview: Advancing Key Assets Toward Development
COMPANY OVERVIEW ADVANCING KEY ASSETS TOWARD DEVELOPMENT NICKEL ASSETS ➢ KAMBALDA (LOCATION 45) - GOODYEAR ▪ JORC 2012 Resource (392,000t @ 3.78% Ni for 14,780t Inferred) ▪ Open along strike and significant regional anomalism. ➢ LAKE JOHNSTON ▪ Proximal to high-grade Emily Ann and Maggie Hayes nicke
Slide 4: Commanding Land Holding
COMMANDING LAND HOLDING KAMBALDA FOCUSED Location 45 NICKEL is now our AND GOLD focus: PROJECTS • Large 635km2 contiguous package of tenements in world class Kambalda–Kalgoorlie mining district. • Only 20km north of Kambalda and 35km south of Kalgoorlie. • Close to existing developed infrastructure
Slide 5: Location 45 - Transformational Acquisition
LOCATION 45 -Transformational Acquisition ASX Announcement 23 May 2023 TRANSACTION AND PROJECT DETAILS • Acquired Mineral Rights1 from Franco-Nevada Australia Pty Ltd* for nil consideration and a minimum 21-year term, which includes: • 15,000t Goodyear nickel resource (JORC 2012) • 501,000oz Mt Mart
Slide 6: Hampton Metals Ltd
HAMPTON METALS LTD DEDICATED NICKEL COMPANY • Lefroy's 100% wholly owned subsidiary Hampton Metals Ltd (HMT) is the dedicated vehicle focused on realising value from its nickel portfolio. • Acquisition of Location 45 transforms nickel portfolio. • Diversified nickel and critical minerals opportuniti
Slide 7: Location 45 Goodyear Nickel Project
LOCATION 45 GOODYEAR NICKEL PROJECT HIGH GRADE – GROWTH FOCUS • Located in the significantly underexplored Carnilya Belt, 20km north of the prolific Kambalda nickel district (produced >1.6 Mt nickel over 50 years). • Located 4km west of Wyloo Metals high-grade Carnilya Hill nickel deposit with histo
Slide 8: Goodyear Resource Open at Depth
GOODYEAR RESOURCE OPEN AT DEPTH HIGH GRADE – HIGH TENOR – SYSTEM OPEN Maiden Goodyear Resource by Australian Mines Ltd in 2008. Now JORC 2012 compliant following review by CSA Global (392,000t @ 3.78% Ni for 14,780 contained Ni). Significant opportunities to advance Goodyear, with a near- term Stage
Slide 9: Carnilya Belt Nickel Upside
CARNILYA BELT NICKEL UPSIDE A NEW KAMBALDA DOME? • Comparable scale to the Kambalda Dome, with a fraction of the exploration attention. • Significantly underexplored for nickel over the past 30 years and possessing the same highly fertile ultramafic rocks that host nickel mineralization in the Kamba
Slide 10: Mt Martin Gold Mine
MT MARTIN GOLD MINE SIGNIFICANT NEAR TERM DEVELOPMENT OPPORTUNITY • High–grade underground shaft operation in 1980’s. • Last open pit mining in 2009 by Dioro Exploration for 743kt @ 1.5g/t gold. • Previous total production of ~200Koz gold. • Majority of ore processed at neighboring former New Celebr
Slide 11: Mt Martin Gold Mine
MT MARTIN GOLD MINE SCALE OF SYSTEM YET TO BE DETERMINED • Gold mineralisation associated with series of stacked, west dipping sulphide and quartz-carbonate lodes hosted by ultramafic rocks. • Little modern exploration of historic underground stope structures with strong potential for extensions to
Slide 12: Premier Mining Location for Nickel and Gold
PREMIER MINING LOCATION FOR NICKEL AND GOLD PREMIER MINING JURISDICTION PROVIDES NEAR- TERM, LOW CAPITAL DEVELOPMENT OPTIONALITY • Located 7km from Goldfields Hwy between Kalgoorlie and Kambalda. • On freehold land with simplified regulatory requirements. • 40-year history of prior underground and o
Slide 13: Location 45 Activity Timeline
LOCATION 45 ACTIVITY TIMELINE 2023 2024 SEPT OCT NOV DEC JAN FEB MAR APR MAY JUN NICKEL Permitting and Approvals Goodyear Drilling Res Definition Goodyear Drilling Extensional Goodyear Resource Update Loc 45 Regional Exploration Drilling GOLD (Mt Martin) Permitting and Approvals Drilling Resource de
Slide 14: Corporate Overview
CORPORATE OVERVIEW BOARD – LEFROY EXPLORATION LIMITED CORPORATE DETAILS Gordon Galt Non-Executive Chairman Shares On Issue 160.5M Wade Johnson Managing Director Price A$0.20 Michael Davies Non-Executive Director Market Capitalisation A$32M Tara French Non-Executive Director Cash (30 June 2023)* A$0.
Slide 15: Investment Summary
INVESTMENT SUMMARY Transformative acquisition Premier mining jurisdiction provides Freehold land title provides of Location 45 including Goodyear near term, low capital development Company with a streamlined nickel and Mt Martin gold resources optionality pathway to future development Leveraging kno
Slide 16: Competent Person Statement
Competent Person Statement Notes Specific-ASX Announcements Investor Presentation The following announcements were lodged with the ASX (including supporting JORC Reporting Tables) and details for each of the sections noted in this Presentation and can be found in the announcements. Note that these a
Slide 17: Appendices
ASX: LEX Appendices Level 3, 7 Rheola St West Perth WA 6005 Australia +61 08 9321 0984 lefroyex.com
Slide 18: East Location 45 (freehold parcel)
EAST LOCATION 45 (freehold parcel) MINERALS LOCATION KEY FOCUS LAND PACKAGE Gold Kalgoorlie Terrane Mt Martin Au Mine 76km2 Nickel Goodyear Ni Deposit EAST LOCATION 45 • A rare portion of the freehold Hampton lands in WA < 30km to Kalgoorlie. • Acquired from TSX royalty major Franco-Nevada via Miner
Slide 19: Burns Gold Copper Project
BURNS GOLD COPPER PROJECT FOUNDATIONAL RESOURCE DEFINED WITH SIGNIFICANT UPSIDE • Burns Central resource is one part of a major new gold rich porphyry system with significant exploration and development upside. • Maiden Mineral Resource Estimate released May 2023: • 43Mt @ 0.36 g/t Au and 0.14% Cu •
Slide 20: Total Indicated & Inferred Resources
TOTAL INDICATED & INFERRED RESOURCES Nickel May 2023 Location 45 addition Deposit Indicated Inferred Total Resource increases total mineral resource inventory to: tonnes Ni (%) Ni metal tonnes Ni (%) Ni metal tonnes Ni (%) Ni metal Goodyear - - - 392,000 3.78 14,780 392,000 3.78 14,780 TOTAL - - - 3
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