Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — Noosa Mining Investor Conference 2026
22 slides from Lefroy Exploration's conference presentation, Jul 22, 2026
Slide 1: Unlocking Value from 1 Moz of High-Grade, Shallow, Gold Resources
Unlocking Value from 1 Moz of High-Grade, Shallow, Gold Resources Noosa Mining Conference Presentation 22 July 2026 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: A New Gold Producer
A New Gold Producer Kalgoorlie Goldfields tenure spans 635km2 and hosts shallow, high- grade deposits near toll milling infrastructure LEFROY EXPLORATION | ASX:LEX Advancing the Greater Lefroy High- Grade Gold Project (Mt Martin, Burns, Lucky Strike) towards consolidated production outcomes Opportun
Slide 4: Corporate Snapshot
Corporate Snapshot Board Of Directors: Excellence & Integrity Share Price (21 Jul 26): Shares on issue: Market Cap: David Kelly $0.10c 275M $29M Non-Executive Chairman Enterprise Value: Cash (30 Mar 2026): $27.6M $1.4M Graeme Gribbin + $3.6M (before costs) via placement 26th May 2026 Managing Direct
Slide 5: Surrounded by Giants
Surrounded by Giants Big Companies, Big Assets, Big Producers • Large 635km2 contiguous tenement package in LEFROY EXPLORATION | ASX:LEX world-class Kalgoorlie mining district • Close to established and well serviced mining centres, with existing transport infrastructure, and nearby processing facil
Slide 6: Rapid Resource Growth
BEYOND 1 MILLION OUNCES Rapid Resource Growth Mt Martin UPDATED MRE 9.1Mt @ 1.6g/t Au for 460,000 oz ▸ +4000m initial drilling for immediate expansion ▸ Scoping Study underway Lucky Strike Expanded Pit Stage 2 LEFROY EXPLORATION | ASX:LEX TOTAL MINERAL RESOURCES 1.27Mt @ 1.95g/t Au for 79koz ▸ Minin
Slide 7: Mt Martin Gold Deposit – Set for Major Growth
Mt Martin Gold Deposit Mt Martin UPDATED MRE 9.1Mt @ 1.6g/t Au for 460,000 oz ▸ +4000m initial drilling for immediate Set for Major Growth expansion ▸ Scoping Study underway • Located on freehold Location 45 property • 35km southwest of Kalgoorlie LEFROY EXPLORATION | ASX:LEX • Proximal to existing
Slide 8: Mt Martin Resource Update – May 2026
Mt Martin Mt Martin UPDATED MRE 9.1Mt @ 1.6g/t Au for 460,000 oz ▸ +4000m initial drilling for immediate Resource Update – May 2026 expansion ▸ Scoping Study underway • Updated Mineral Resource Estimate • Previous MRE Update completed 2024 • Material below 200m from surface LEFROY EXPLORATION | ASX:
Slide 9: Mt Martin Resource Growth Drilling
Mt Martin Mt Martin UPDATED MRE 9.1Mt @ 1.6g/t Au for 460,000 oz ▸ +4000m initial drilling for immediate Resource Growth Drilling expansion ▸ Scoping Study to Commence • Resource Growth Drilling Completed • Initial +4000m RC • Targeting shallow resource extension LEFROY EXPLORATION | ASX:LEX potenti
Slide 10: Advancing Lefroy's Growth Strategy
Advancing Lefroy’s Growth Strategy Mt Martin Scoping Study Underway Technical inputs and deliverables include mine design, economics and infrastructure considerations LEFROY EXPLORATION | ASX:LEX Evaluating potential development opportunities, a key step in advancing Lefroy’s portfolio of gold asset
Slide 11: Burns Central – High Grade
Burns Central – High Grade Burns Central (Au) and Regional HIGH GRADE 4.22Mt @ 1.18 g/t Au for 159,285 oz Within a TOTAL MINERAL RESOURCE Significant shallow high-grade Au zone 42.96Mt @ 0.36g/t Au for 497koz contained Au and 58kt Cu ▸ Untapped potential extending 4km north of Burns Central resource
Slide 12: Burns Central High-Grade Resource Expansion
Burns Central Burns Central (Au) and Regional HIGH GRADE 4.22Mt @ 1.18 g/t Au for 159,285 oz Within a TOTAL MINERAL RESOURCE 42.96Mt @ 0.36g/t Au for 497koz contained Au and 58kt Cu High-Grade Resource Expansion ▸ Untapped potential extending 4km north of Burns Central resource Drilling Program Desi
Slide 13: Excellent Gold Recoveries
Burns Central (Au) and Regional HIGH GRADE 4.22Mt @ 1.18 g/t Au for 159,285 oz Within a TOTAL MINERAL RESOURCE 42.96Mt @ 0.36g/t Au for 497koz contained Au and 58kt Cu ▸ Untapped potential extending 4km north of Burns Central resource Excellent Gold Recoveries Burns High-Grade Deposit Amenable to Si
Slide 14: 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 LEFROY EXPLORATION | ASX:LEX • 4km Northwest striking magnetic trend extending north of Burns •
Slide 15: Lucky Strike – Mine and Expand
Lucky Strike Mine and Expand 12 months from commercial deal Lefroy positioned for self-funded growth to production • Private mining contractor BML Ventures is responsible for all capital, operating costs, permits and approvals • No up-front expenditure contribution required by Lefroy, with Net surpl
Slide 16: Lucky Strike – Expansion Stage 2
Lucky Strike – Expansion Lucky Strike TOTAL MINERAL RESOURCES 1.27Mt @ 1.95g/t Au for 79koz ▸ Mining ongoing Stage 2 ▸ Potential for deeper pit + south pit • Diamond and RC drilling targeting a deeper Stage 2 expanded pit at Lucky Strike complete. LEFROY EXPLORATION | ASX:LEX • Program fully pre-fun
Slide 17: Lucky Strike – Expansion Stage 2 Intersections
Lucky Strike – Expansion Lucky Strike TOTAL MINERAL RESOURCES 1.27Mt @ 1.95g/t Au for 79koz ▸ Mining ongoing Stage 2 ▸ Potential for deeper pit + south pit • Diamond and RC drilling targeting a deeper Stage 2 expanded pit at Lucky Strike complete. • Outstanding results highlight exceptional upside f
Slide 18: Activities Timeline FY26
Activities Timeline FY26 Lucky Strike Mine Lucky Strike U N DERWAY Mine Q1 2026 Q2 2026 Burns Deposit Eastern Lefroy Lucky Strike Mine FIRST toll milling Dewatering License Q4 2026 Q3 – Q4 2026 Parcel Completed Approved Grade Control Drilling and Multiple targets in greater Recommencement of Mining
Slide 19: Investment Highlights
Investment Highlights LEFROY EXPLORATION | ASX:LEX CONSOLIDATED EXPAND +1M Oz Gold FUTURE FUNDING of PRODUCTION STRATEGY Resource base centered EXPLORATION via for Greater Lefroy High- on Mt Martin and Burns Production at Lucky Strike Grade Gold project and Future Profit Share cash distributions 19
Slide 20: Thank You
Thank You Level 3, 7 Rheola St, West Perth WA 6005 Australia +61 08 9321 0984 lefroyex.com
Slide 21: Appendices
Appendices
Slide 22: 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 3.89 1.6 200,500 5.2 1.6 259,500 9.1
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