Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — Shareholder Meeting (December 2023)
19 slides from Lefroy Exploration's shareholder meeting presentation, Dec 5, 2023
Slide 1: AGM Presentation: A Transformational 2023
For personal use only AGM PRESENTATION A TRANSFORMATIONAL 2023 Secured Location 45 nickel and gold assets Significantly expanded precious metal and critical mineral base Pipeline of activity providing options to fast track development Dual focussed Gold-Nickel drilling programs underway Wade Johnson
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as of 5 DECEMBER 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 presenta
Slide 3: Company Snapshot
COMPANY SNAPSHOT • WA-based explorer with a growing gold, nickel, copper portfolio For personal use only • 2023 – a year of transformative growth for Lefroy • Total Lefroy Mineral Resources1 increased from 100koz Au2 to: • 1.1 Moz gold • 15kt nickel • 58kt Copper • Lefroy has multiple opportunities
Slide 4: Project Portfolio: Kambalda Growth Story
PROJECT PORTFOLIO KAMBALDA GROWTH STORY For personal use only NICKEL ASSETS KAMBALDA (LOCATION 45) - GOODYEAR JORC 2012 Resource (392,000t @ 3.78% Ni for 14,780t Inferred) 1 LAKE JOHNSTON Proximal to Emily Ann and Maggie Hayes nickel mines. GLENAYLE Early Mover Greenfields Nebo-Babel sty
Slide 5: Commanding Kambalda Land Holding
COMMANDING KAMBALDA LAND HOLDING KALGOORLIE-KAMBALDA FOCUSED ASSETS For personal use only • Large 635km2 contiguous package of tenure • 25km east of Kambalda and 35km south of Kalgoorlie • World class exploration and mining district • Close to existing developed infrastructure (access tracks, haul r
Slide 6: Premier Mining and Exploration Location
PREMIER MINING AND EXPLORATION LOCATION PREMIER MINING JURISDICTION PROVIDES NEAR-TERM, LOW CAPITAL DEVELOPMENT OPTIONALITY For personal use only • Situated 7km from Goldfields Highway linking Kalgoorlie and Kambalda • On freehold land with simplified regulatory requirements • 40-year history of pri
Slide 7: Location 45: The transformational acquisition
LOCATION 45: The transformational acquisition • Private (freehold) Mineral Rights acquired1 from Franco-Nevada Australia Pty Ltd* for 21-year minimum term including: For personal use only • 14,780t Goodyear nickel resource (JORC 2012) • 501,000oz Mt Martin gold resource (JORC 2012) • Offers near-ter
Slide 8: Location 45: Mt Martin Gold Mine
LOCATION 45: Mt Martin Gold Mine SIGNIFICANT NEAR-TERM DEVELOPMENT OPPORTUNITY For personal use only • High–grade underground shaft mining operation in 1980’s • Last open pit mining completed in 2009 by Dioro Exploration for 743kt @ 1.5g/t gold • Previous total production of ~200Koz gold • Majority
Slide 9: Mt Martin: Drilling program
MT MARTIN: Drilling program PHASE ONE RESOURCE DRILLING PROCEEDING ON SCHEDULE For personal use only • Initial 37-hole RC drilling program well underway1 - 10 priority holes completed • Looking to complete more than 7,000m drilling total during campaign • Good drilling conditions reported • Initial
Slide 10: Mt Martin: A large gold system
MT MARTIN: A large gold system PHASE ONE RESOURCE DRILLING PROCEEDING ON SCHEDULE For personal use only • Limited historic drilling indicates there are multiple mineralised shear structures outside the 1000m long open pit that remain largely untested, including the Adelaide Shear • Current program d
Slide 11: Mt Martin: Opportunity to expand resource
MT MARTIN: Opportunity to expand resource SCALE OF GOLD SYSTEM YET TO BE DETERMINED For personal use only • 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 st
Slide 12: Goodyear: Ni resource drilling underway
GOODYEAR: Ni resource drilling underway HIGH GRADE – HIGH TENOR – SYSTEM OPEN For personal use only • Drilling designed to increase confidence and expand the existing Mineral Resource of 392,000 tonnes @ 3.78% Ni for 14,780t of contained nickel sulphide (JORC 2012)1. • Significant opportunities to g
Slide 13: Goodyear: Ongoing activity
GOODYEAR: Ongoing activity HIGH GRADE – HIGH TENOR – SYSTEM OPEN For personal use only • Advancing clearing permit and collaborating with traditional owners in support of heritage approvals, with an outcome scheduled by year’s end. • Approvals will allow a more aggressive Stage 1 drilling effort int
Slide 14: Location Activity Timeline: On Track
LOCATION 45 ACTVITY TIMELINE: ON TRACK For personal use only INVESTOR UPDATE | 5 December 2023 14
Slide 15: Corporate Profile
CORPORATE PROFILE BOARD & MANAGEMENT CORPORATE DETAILS For personal use only Gordon Galt Non-Executive Chairman Shares on issue 196.3M Wade Johnson Managing Director Options 5.6M Michael Davies Non-Executive Director Share price1 A$0.17 Tara French Non-Executive Director Market capitalisation1 A$33.
Slide 16: Investment Summary
INVESTMENT SUMMARY For personal use only Transformative acquisition Location 45 private land title provides Expanding portfolio of precious and critical of Location 45 that includes the Goodyear Company with a streamlined pathway to minerals, including over 1.1 million oz of gold, nickel and Mt Mart
Slide 17: 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 18: Appendices
For personal use only ASX: LEX Appendices Level 3, 7 Rheola St West Perth WA 6005 Australia +61 08 9321 0984 lefroyex.com
Slide 19: Total Indicated and Inferred Resources
TOTAL INDICATED AND INFERRED RESOURCES Nickel Deposit Indicated Inferred Total Resource For personal use only tonnes Ni (%) Ni metal tonnes Ni (%) Ni metal tonnes Ni (%) Ni metal May 2023 Location 45 addition Goodyear - - - 392,000 3.78 14,780 392,000 3.78 14,780 increases total mineral resource TOT
Lefroy Exploration — Shareholder Meeting (December 2023) on 6ix