Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — Shareholder Meeting (December 2020)
27 slides from Lefroy Exploration's shareholder meeting presentation, Dec 9, 2020
Slide 1: FY2020 AGM Presentation
Lefroy Exploration Limited FY2020 AGM Presentation Creating Value through Greenfields Exploration in a Quality Au-Ni-Cu Portfolio Wade Johnson Managing Director 9 December 2020
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as at 8 December 2020. The information contained in this presentation is of a general nature and does not purport to be complete. This presentation is not investment or financial product a
Slide 3: 2020 Company Summary
2020 Company Summary Lefroy Exploration Limited (LEX or Lefroy) controls a major tenement portfolio in two project areas in the Yilgarn of Western Australia, with more than 621km2 in the flagship Lefroy Gold Project (LGP) near Kalgoorlie alone Lefroy is targeting high-value gold and copper-gold
Slide 4: Corporate Snapshot
Corporate Snapshot Board Corporate Details Gordon Galt – Non Executive Chairman Issued Capital : 119.3 million shares Wade Johnson – Managing Director Options on Issue: 1.0 million unlisted Michael Davies – Non Executive Director Cash: $0.55M (30 September 2020)2 Geoff Pigott – Non Executive
Slide 5: 2020 Project Portfolio
2020 Project Portfolio Targeting high-value gold and nickel deposits capable of being rapidly developed Focus: undertake early stage Greenfields exploration for gold and nickel deposits in premier areas of the Yilgarn Craton of Western Australia Lefroy Project: flagship gold project in excess of
Slide 6: Lefroy Gold Project-District Context
Lefroy Gold Project-District Context Flagship project in a highly gold endowed gold district of the Eastern Goldfields Commanding wholly owned large land package within world-class gold producing district Project area bounded by major regional structures that control gold mineralisation in the d
Slide 7: Lefroy Gold Project-Accelerating Exploration
Lefroy Gold Project-Accelerating Exploration Underpinned by a $25million Farm-in and Joint Venture with Gold Fields at Western Lefroy Large contiguous 100% owned land package covering 621km2 Eastern Lefroy–LEX managed-249km2 Western Lefroy-Gold Fields Farm-In & JV managed-372km2 Farm-in area
Slide 8: Eastern Lefroy- Lucky Strike Hub
Eastern Lefroy- Lucky Strike Hub Successful exploration has delivered the maiden Lucky Strike resource, increased the Red resource, and generated multiple new targets to enhance the district potential Prospects and targets proximal the regional scale Mt Monger Fault Maiden Resource Estimate deli
Slide 9: Eastern Lefroy- Lucky Strike
Eastern Lefroy- Lucky Strike The high grade gold discovery adjacent to the regional Mt Monger Fault is open down plunge and provides the concept for additional BIF style mineralisation in the immediate area • Drilling has defined mineralisation over a 740m strike length • Gold mineralisation hosted
Slide 10: Eastern Lefroy- Lucky Strike
Eastern Lefroy- Lucky Strike Gold mineralisation hosted within multiple BIF units and open at depth and down plunge Step out RC drilling confirmed extension of the BIF host unit that now has a 740m strike length and that is oxidised to +200m from surface. Maiden Mineral Resource Estimate* of 1.27Mt
Slide 11: Lucky Strike Exploration Hub (LSEH)
Lucky Strike Exploration Hub (LSEH) Three parallel magnetic BIF units provide the opportunity for discovery of additional Lucky Strike style gold systems along BIF units that have a combined 17km of strike* Lucky Strike BIF trend is the most advanced, with wide spaced aircore drilling since 2017 d
Slide 12: LSEH-Havelock
LSEH-Havelock Located 1.2km south of Lucky Strike –Parallel BIF unit. AC Drilling Underway The Havelock BIF trend has strike length in excess of 7.7km and only tested by four wide spaced LEX aircore drill traverses Prior wide spaced drill traverses by LEX Tenor of the AC gold anomalies are sim
Slide 13: LSEH-Multiple BIF Trends
LSEH-Multiple BIF Trends Three BIFS - eight targets Optimise target evaluation based on Lucky Strike discovery Havelock is most advanced with prior gold intersections: 5m @1.20g/t Au 286 hole AC program for estimated 15,000m of drilling- now underway Deliver–RC & diamond drill targets for
Slide 14: Hang Glider Hill Hub
Hang Glider Hill Hub An early stage three-hole diamond drilling program completed at the Hang Glider Hill gold prospect in 2019 intersected visible gold in the first hole 19HGDD001* • New Gold trend proximal to the interpreted Mt Monger Fault 17km north west from Lucky Strike • Trend defined in 2018
Slide 15: Hang Glider Hill
Hang Glider Hill Gold mineralisation is hosted by quartz-carbonate veins that cross cut a highly deformed, flat dipping, north-westerly trending package of highly altered rocks * * Reference LEX – ASX release 29 November 2019
Slide 16: Hang Glider Hill
Hang Glider Hill Enhanced gold prospectivity of the target area that has highlighted a 3.5km corridor adjacent to the Hang Glider Hill fault to focus additional exploration * Subtle gold and elevated levels of typical orogenic gold system pathfinder elements occur along the interpreted position of
Slide 17: Hang Glider Hill Hub
Hang Glider Hill Hub A large auger program completed in 2020 has identified five new strong surface gold anomalies near to the Hang Glider Hill prospect * Three key gold anomalies with a north-south trend with results >50ppb Au are located 2.5km to the south of Hang Glider Hill These highlight t
Slide 18: Lake Randall Hub
Lake Randall Hub Recently granted Burns tenement covers 20km2 to secure a prime land position that now outlines a major contiguous Company landholding covering 40km’s of the Mt Monger fault, stretching from Lake Randall to Hang Glider hill * The tenement covers the Burns copper-gold prospect and t
Slide 19: Lake Randall Hub-Burns Cu-Au
Lake Randall Hub-Burns Cu-Au The intrusion has only been partially explored by shallow aircore drilling and is considered a priority exploration target in CY 2021 for an intrusion related copper gold system* Significant results from prior RC and diamond drilling at Burns include: • 50m @ 0.9g/t Au
Slide 20: Western Lefroy-Gold Fields JV
Western Lefroy-Gold Fields JV Key Terms –Farm-in and Joint Venture with Gold Fields* • Gold Fields can earn up to a 70% interest in the western tenement package, by spending up to $25 million on exploration within 6 years from commencement of the Agreement Stage 1 farm-in requirements: • Gold Fields
Slide 21: Western Lefroy- Gold Fields Farm-in & JV
Western Lefroy- Gold Fields Farm-in & JV Foundation drilling and geophysical surveys completed in 2019 have reinforced and enhanced multiple gold trends at Zanex, LLT04, LLT06 and generated new large regolith gold anomalies at Eastern Shoreline and LLT08* Multi-target 9000m RC and diamond drill pr
Slide 22: Lake Johnston Ni Project
Lake Johnston Ni Project A large tenement holding located approximately 5km north of the Emily Anne/Maggie Hayes nickel mine owned by Poseidon Nickel Limited (ASX:POS) • The Abi Rose Ni discovery is located immediately north of the Emily Anne Mine • Abi Rose interpreted by POS as a magmatic Ni-Cu ty
Slide 23: FY2021 –Exploration Work Plan
FY2021 –Exploration Work Plan Exploration by Lefroy in FY2021 is committed to aircore drilling of multiple early stage gold prospects to deliver RC and diamond drill targets, complemented by continued focused diamond drilling by Gold Fields at the Western Lefroy JV Priority exploration now underway
Slide 24: Company Summary
Company Summary The Company has a large, highly prospective gold tenement package near Kalgoorlie, which complements its other nickel tenement package at Lake Johnston in Western Australia Focused on and committed to the discovery of a new high value gold deposits at the Lefroy Gold Project Th
Slide 25: THANK YOU
THANK YOU Lefroy Exploration Limited Australian Registered Office ARBN 052 123 930 Level 2, 11 Ventnor Avenue Phone +61 8 9321 0984 West Perth WA 6005 Australia Email info@lefroyex.com www.lefroyex.com 25
Slide 26: 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 27: LEX JORC Resource Statement
LEX JORC Resource Statement Table 1 Lefroy Exploration Limited -Summary of Gold Mineral Resources ( at a 0.5g/t Au cut- off grade) Mineral Resource Estimate by class - 0.5g/t Au reporting cut-off Deposit Indicated Inferred Total Resource Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Red Dale 0.64 1.2
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