Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — Shareholder Meeting (December 2021)
21 slides from Lefroy Exploration's shareholder meeting presentation, Dec 2, 2021
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation December 2021 2 December 2021 W Johnson Managing Director
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as at 1 December 2021. 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: 2021 Company Summary
2021 Company Summary Lefroy Exploration Limited (LEX or Lefroy) controls a major tenement portfolio in three project areas in Western Australia, with more than 637km2 in the flagship Lefroy Gold Project (LGP) near Kalgoorlie alone. Lefroy is targeting high-value gold and copper-gold deposits at
Slide 4: 2021 Project Portfolio
2021 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 and emerging areas of Western Australia Lefroy Project: flagship gold project in excess of 638km2 o
Slide 5: Systematic, generative exploration targeting high-value gold and copper-gold deposits
Systematic, generative exploration targeting high-value gold and copper-gold deposits and delivering discoveries The flagship Lefroy Gold Project, 50km south-east of Kalgoorlie, comprises two primary packages: Eastern Lefroy (266km²): Burns, Red Dale and greenfield discoveries at Lucky Strike, Han
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 Discovering new gold systems in a commanding wholly owned large land package within world-class gold producing district Project area bounded by major regional structures that co
Slide 7: The Burns Cu-Au Discovery
The Burns Cu-Au Discovery Focussed on a new style of high grade LAND & EXPLORATION FOCUS gold-copper mineralisation within a tier one gold province Commanding wholly owned large prospective land package within world-class gold producing district- 638km2 Generative exploration approach underpinne
Slide 8: Burns & Lake Randall
Burns & Lake Randall Looking East Discovery RC hole February 2021 Primary exploration focus throughout 2021 Ralph Kennys Dream Initial baseline exploration Burns at Burns more recently progressed to expand the footprint of the intrusion Smithers related system Aircore drilling currently underway tes
Slide 9: Burns – Phase 1 - Discovery Program
Burns – Phase 1 -Discovery Program A 22-hole combined RC and diamond drill program was completed in Jan-Feb 2021 principally targeting the northern and down dip extensions to the Burns system outlined by the previous explorer. Two holes ( LEFR259 & 260) evaluated the eastern side of the magnetic ano
Slide 10: Burns Tenement & Magnetics
Burns Tenement & Magnetics • Detailed 25m line spaced aeromagnetic survey completed in August 2021* • The Burns Au-Cu-Ag prospect has a distinctive, positive, aerial magnetic signature due to strong magnetite alteration of the porphyry and basalt rocks that host the mineralisation • Results from the
Slide 11: Burns Tenement
Burns Tenement The intrusion has only been partially explored by shallow aircore drilling and is considered a priority exploration target in FY 2022 for an intrusion related copper gold system* The detailed aeromagnetic survey has enhanced the quality of the imagery Multiple magnetic anomalies n
Slide 12: Burns – Phase 2 - Baseline Program
Burns – Phase 2 -Baseline Program A 5 -hole diamond drill program evaluated the Eastern Porphyry on the Baseline drill section to follow up and characterise the intersection in LEFR260. Four additional diamond holes drilled on the adjacent 40N and 40S sections. 12 12
Slide 13: Burns – Unique mineral assemblage
Burns – Unique mineral assemblage OBURCD025- 222.35m-222.8m diorite porphyry with a magnetite vein & chalcopyrite. (1.5g/t Au & 0.55% Cu) OBURCD025 -- 231.37m-231.6m diorite porphyry- blebby chalcopyrite (4.61g/t Au & 1.1% Cu) LEFRD267 interval 301 – 301.3m showing chalcopyrite in association with a
Slide 14: Burns - A unique mineral system
Burns- A unique mineral system Rainbow over Kennys Dream Varying mineralisation styles and porphyry host point to a large, multistage, intrusion related mineral system at Burns defined over an area of 200m east- west and 300m north-south and growing Detailed aeromagnetic survey to recently compl
Slide 15: Burns Next Steps
Burns Next Steps Expand the footprint of the Burns system to deliver multiple new Au-Cu RC drill targets Await ~3000 samples from 16 RC holes that evaluated onshore targets over a 2km strike Interrogate gold and whole rock geochemical data from baseline section-vectors Continue to Interpret re
Slide 16: Complemented by Coogee South
Complemented by Coogee South Nominated the priority drill target in the LEX 2016 Prospectus • Area excised from Western Lefroy Farm-In and JV in June 2021* • Located immediately south of the high grade Coogee open pit mined in 2014 • Maiden 136-hole AC drilling program completed in September evaluat
Slide 17: And then Gold Fields activity at Western Lefroy
And then Gold Fields activity at Western Lefroy Massive Full Field Air Core (FFAC) Drilling Program Underway • The Full Field Aircore (FFAC) program is designed to cover most of the land area of the tenement package with approximately 1318 vertical holes on regular 400m by 400m spaced grid pattern*
Slide 18: CY 2022 - Exploration Work Plan
CY 2022-Exploration Work Plan Exploration by Lefroy in CY2022 is committed to discovery at the Burns prospect through additional RC and diamond drilling, supported by aircore drilling of early stage gold prospects to deliver new RC targets into the pipeline, complemented by the FFAC drilling by Gold
Slide 19: Contact
THANK YOU Small dedicated passionate team Strong commitment to generative exploration and discovery, Contact demonstrated by early-stage drill success at Lucky Strike and more Wade Johnson recently at Burns. Managing Director +61 8 9321 0984 wjohnson@lefroyex.com www.lefroyex.com 19
Slide 20: 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 21: 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 1.21
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