Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — Investor Presentation (October 2022)
22 slides from Lefroy Exploration's investor presentation, October 2022
Slide 1: WA Focused Gold, Copper, Nickel Explorer
ASX: LEX WA FOCUSED GOLD, COPPER, NICKEL EXPLORER “Targeting high value gold, copper & nickel deposits, in a highly prospective project portfolio” October 2022 Investor Presentation
Slide 2: Disclaimer
Disclaimer 2 This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as at 19 October 2022. It does not represent an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information contained in this presen
Slide 3: Investment Opportunity
3 Investment Opportunity Targeting high value gold, copper, Flagship ‘Burns’ Project first-of-a-kind nickel deposits Archaean gold-copper porphyry system Projects in Tier 1 exploration & mining $25M Farm-in & Joint Venture jurisdiction of Western Australia with Gold Fields Ltd – our largest sharehol
Slide 4: Corporate Snapshot
4 Corporate Snapshot Key Metrics* ASX Code LEX LEX Major Shareholders Issued Capital 145.87M Market Capitalisation $42.3M* Top 20 Shareholders 71.4%* Gold Fields Ltd 14.8% Noontide Investments Ltd 13.2% Board Ownership 20.2%* LEX Board 15.6% LEX Share Plan 5.3% Cash (REFER JUNE QUARTERLY 2022) $4.2M
Slide 5: Experienced Board
Experienced Board 5 Highly experienced board Leading exploration, regional and Board investment >20% and management financial experience Gordon Galt Wade Johnson Michael Davies Tara French Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Mining Engineer Geologis
Slide 6: The Lefroy Project: Overview
The Lefroy Project: Overview 6 Strategic Commodity & District Focus • Multiple operating mines & mills in region with access to world-class infrastructure • 100% owned 530km2 contiguous land package Western Lefroy JV & Farm-In Project • $25M Gold Fields Farm-In to earn 70% over 6 years • Ongoing 46,
Slide 7: Burns: A Growing Gold-Copper Discovery
BURNS A GROWING GOLD- COPPER DISCOVERY
Slide 8: Burns Background
Burns Background 8 Burns Magnetic Anomaly (TMI): • BHP identified annular magnetic feature typical of a 1985 carbonatite anomaly BHP • Drilled 2 diamond holes that intersected magnetite-bearing dolerite and porphyry 2008-2010 • Newmont drilled 157 holes of aircore 2km west of Burns which intersected
Slide 9: Burns: LEX Expands Mineralisation
9 Burns: LEX Expands Mineralisation ▪ Multiple step-out & infill drill programs continue to expand mineralisation: ~ 600m wide x 200m vertical AND OPEN ▪ Geochronology & internal research indicates Burns may be ‘first of a kind’ in Australia Archaean aged copper-gold porphyry system ▪ 2 deep diamond
Slide 10: Burns: LEX Expands Mineralisation (Continued)
Burns: LEX Expands 10 Mineralisation (Continued) ▪ LEFD006 & LEFD007a intersected broad native copper zones in highly altered drill core, highlighting: ▪ 4 key geological domains over 600m width in an intrusive related system (LEFD006) ▪ 2 x 30m intervals of native copper blebs in basalt (149m-184m
Slide 11: Burns: LEX Expands Mineralisation (Continued)
Burns: LEX Expands 11 Mineralisation (Continued) ▪ LEFD006 & LEFD007a intersected broad native copper zones in highly altered drill core, highlighting: ▪ 4 key geological domains over 600m width in an intrusive LEFD006 – 0.5g/t Au and 2.3% Cu related system (LEFD006) ▪ 2 x 30m intervals of native co
Slide 12: Burns: Lovejoy Prospect
Burns: Lovejoy Prospect 12 Neighbouring target increases scale of system • Located 1.5km north along strike of Burns • A 364m diamond hole LEFD008 intersected significant copper mineralisation: • 145m long interval @ 130m - 275m including; • 42m of hydrothermal breccia + native Cu & Cu sulphides fro
Slide 13: Burns: Lovejoy Prospect
Burns: Lovejoy Prospect 13 Neighbouring target increases scale of system LEFD008 – Copper replacing • Located 1.5km north along strike of Burns basalt clasts • A 364m diamond hole LEFD008 intersected significant copper mineralisation: • 145m long interval @ 130m - 275m including; LEFD008 – Copper nu
Slide 14: Burns: Large Scale Potential
Burns: Large Scale Potential 14 • Visual breccia and native copper results confirm Burns & surrounding prospects source is part of a large gold-copper intrusion related hydrothermal system. • Additional Burns-like targets over approx. 2.5km strike • Ralph - coincident gravity & magnetic anomaly on a
Slide 15: Burns & Lake Randall
Burns & Lake Randall 15 Millhouse Ralph
Slide 16: Burns: Deliver Maiden Resource CY23
16 Burns: Deliver Maiden Resource CY23 ▪ +100 RC hole program currently underway ▪ Targeting shallow open pitable gold-copper resource ▪ Aim to deliver resource estimate in Q1 CY23 AUSTRALIA’S NEW GOLD-COPPER DISCOVERY Exploring For Multi-Million Tonne Deposits
Slide 17: Burns: Unique to the Goldfields, WA
17 Burns: Unique to the Goldfields, WA Advancing a new style of mineralisation Age – 2.6 billion years old (Archaean) ▪ Alkalic porphyry gold-copper deposits are not Location – Yilgarn, Eastern Goldfields documented in Western Australia ▪ Eastern Goldfields is not known to host alkalic Rocks – diori
Slide 18: Activities & Newsflow: Next 6 Months
Activities & Newsflow: Next 6 Months 18 CY2022 CY2023 Q4 Q1 Q2 Burns Diamond Drilling Results Holes, LEFD006-LEFD009 Burns RC Drilling For maiden resource Western Lefroy JV Drilling Full Field Aircore Drilling 400x400m Burns Resource Estimate Maiden shallow resource JLN IPO/Demerger Spin- out LEX ni
Slide 19: Proposed Nickel Assets Demerger / IPO
Proposed Nickel Assets Demerger / IPO 19 Nickel-Cu-PGE Potential Map, WA Johnston Lakes Nickel – Dulfer, H. 2106 • 100% wholly-owned LEX subsidiary Johnston Lakes Nickel Ltd -JLN • Targeted ASX listing first half CY23 • Strategic move to unlock value of highly prospective nickel assets for LEX share
Slide 20: Company Takeaways
20 Company Takeaways ▪ Strong commitment to generative exploration and discovery in a quality gold-copper-nickel portfolio ▪ Focused on a new style of high value gold-copper mineralisation within a tier one gold province ▪ Underpinned by the $25 million Farm-In & JV with Goldfields Ltd at Western Le
Slide 21: Thank You
= C—O Lefroy Exploration THANK YOU Level 3, 7 Rheola St West Perth WA 6005 Australia | ASX: LEX +61 08 9321 0984 , info@lefroyex.com in) ¥
Slide 22: Competent Person Statement
Competent Person Statement 22 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 thes
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