Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — Investor Presentation (July 2025)
20 slides from Lefroy Exploration's investor presentation, July 2025
Slide 1: The Road to Production
The Road to Production Targeting Gold Production in CY 2025 Investor Presentation July 2025 ASX:LEX
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as of the cover date. It does not represent an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information contained in this presentat
Slide 3: The Road to Production
The Road to Production Commanding tenure of 635km2 in Kalgoorlie Goldfields hosts shallow, high-grade open-pit deposits near toll milling infrastructure v LEFROY EXPLORATION Zero cost commercialisation pathway via profit-sharing mine agreement Securely funded, with meaningful near-term cashflow gene
Slide 4: Corporate Snapshot
Corporate Snapshot Excellence & Integrity – Board Of Directors Share Price (18 July 25): Shares on issue: Market Cap: $0.13c 248M $32.3M Enterprise Value: Cash (31 Mar 25): $29.9M $2.4M **(Profit Share Cash Advance Agreement) David Kelly Tara French Michael Davies Shareholders: Non-Executive Chairma
Slide 5: Surrounded by Giants
Surrounded by Giants Big Companies, Big Assets, Big Producers • Large 635km2 contiguous tenement package in world-class mining district • Close to established and well LEFROY EXPLORATION serviced mining centres, with existing transport infrastructure, and nearby processing facilities • Strong gold p
Slide 6: Developing Deposits for Immediate Cashflow
Developing Deposits for Immediate Cashflow One million ounces in 40km corridor Development • Development of Lucky Strike • Evaluation of additional deposits (Mt Martin, Burns) LEFROY EXPLORATION Cashflow • No upfront expenditure required by Lefroy • 50% Profit share Growth • Accelerated regional dev
Slide 7: Zero Cost Production Strategy 2025 Timeline
Zero Cost Production Strategy 2025 Timeline F U L LY F U N D E D T O D E V E L O P M E N T CY Q1: RC Drilling Mining Profit Share Agreement = NO CASH OUTLAY BY LEX CY Q1: RC Results • Lucky Strike Deposit has a total MRE of 1.27Mt @ 1.95g/t for 79,600 ounces CY Q2: Grade Control Drilling • Private m
Slide 8: Fully Funded 2025 Timeline
Fully Funded 2025 Timeline F U L LY F U N D E D T O D E V E L O P M E N T CY Q1: RC Drilling Lucky Strike Profit Cash Advance Agreement CY Q1: RC Results • Lefroy now fully funded until profit share distributions commence from Lucky Strike in 2026. CY Q2: Grade Control Drilling • Total funding commi
Slide 9: Lucky Strike Drilling
Lucky Strike Drilling Stage 1 Easy Mining plus Exploration Upside • Resource drilling results validate geology and resource models within 50m of surface. • 17m @ 1.32 g/t Au from 34m (LEFR487) 6m @ 3.07 g/t Au from 25m (LEFR447) LEFROY EXPLORATION • • Significant intersections outside the MRE highli
Slide 10: Our Next Gold Mines
Our Next Gold Mines Lucky Strike – Expanded Pit Stage 2 • Drilling underway to assess a potential deeper Stage 2 development Mt Martin • Shallow MRE of 9.29Mt @ 1.47g/t Au for 439,000 oz • Limited drilling along strike and east of the LEFROY EXPLORATION Mt Martin resource Burns Central (Au) and Regi
Slide 11: Lucky Strike Growth
Lucky Strike Growth Stage 2 • Diamond drilling targeting a deeper Stage 2 expanded pit at Lucky Strike underway. • Program fully pre-funded by mine profit-share partner BML • Following up high-grade historical LEFROY EXPLORATION intersections including • 8m @ 18.66 g/t Au from 145m (LEFR487), includ
Slide 12: Mt Martin – Near Surface Gold Resource
Mt Martin – Near Surface Gold Resource Proven deposit with 200,000 oz already produced • Shallow MRE of 9.29Mt @ 1.47g/t Au for 439,000 contained ounces* • Thick high-grade intersections including: • 21.24m @ 4.32 g/t Au from 29.76m (Main Shear) in MUG49 • 10m @ 3.80 g/t Au from 20m (East Shear) in
Slide 13: Mt Martin – Significant Exploration Upside
Mt Martin – Significant Exploration Upside Numerous shallow targets to drive resource growth • Targeting shallow high-grade shear hosted mineralisation along strike and east of existing resource • Main corridors for growth along East and Adelaide Shears. LEFROY EXPLORATION • East Shear testing north
Slide 14: Burns Central – High Grade Shallow Resource
Burns Central – High Grade Shallow Resource Significant shallow high-grade Au zone delineated • The Burns high grade zone totals 4.22Mt @ 1.18 g/t Au for 159,285 contained ounces (0.5g/t Au cut-off) which includes: • 46,538 oz of gold (Au) in oxide, • 8,154 oz gold (Au) in transitional; and LEFROY E
Slide 15: Burns Central – High Grade Shallow Resource
Burns Central – High Grade Shallow Resource Significant shallow high-grade Au zone delineated • Consistent high-grade corridor, extending over 650m strike length • Significant, thick intersections, including: • 61m@ 2.96 g/t Au (from 120m), including LEFROY EXPLORATION 37m @ 4.23 g/t Au (from 126m)
Slide 16: Greater Burns Area Upside
Greater Burns Area Upside Multiple shallow targets over 4km potential to host additional high-grade zones • Quimby Fault corridor interpreted to control position of high-grade Au corridor at Burns Central • 4km Northwest striking magnetic trend extending north of Burns LEFROY EXPLORATION • Multiple
Slide 17: Investment Highlights
Investment Highlights LEFROY EXPLORATION Commanding tenure of Zero cost Securely funded, 635km2 in WA Goldfields hosts commercialisation with meaningful near-term shallow, high-grade deposits pathway via profit-sharing cashflow generation to progress near toll milling infrastructure mine agreement a
Slide 18: Thank You
Thank You Level 3, 7 Rheola St, West Perth WA 6005 Australia +61 08 9321 0984 lefroyex.com
Slide 19: Appendices
Appendices
Slide 20: Total Indicated & Inferred Resources
Total Indicated & Inferred Resources Gold Indicated Inferred Total Resource Deposit Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Red Dale1 0.64 1.21 24,660 0.03 0.60 570 0.67 1.18 25,230 Lucky Strike1 0.70 1.93 43,400 0.57 1.97 36,200 1.27 1.95 79,600 Mt Martin2 5.60 1.4 247,500 3.69 1.61 191,500 9.
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