Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — Shareholder Meeting (November 2024)
22 slides from Lefroy Exploration's shareholder meeting presentation, Nov 14, 2024
Slide 1: 2024 AGM Presentation: Positioned For Growth
2024 AGM Presentation Positioned For Growth 14 November 2024 ASX:LEX
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as of the date of release. It does not represent an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information contained in this pres
Slide 3: Positioned for Growth
Positioned for Growth Advanced Kalgoorlie- Commanding land position in Kambalda based with a Tier 1 location focus on gold and copper over 635km2 land package Pipeline of activity provides Premier mining jurisdiction pathway to development provides low capital and commercialisation development optio
Slide 4: Immediate Strategic Objectives at Lefroy
Immediate Strategic Objectives at Lefroy Underexplored 40km corridor Pathway to development and commercialisation with Strong Cash Position LEFROY EXPLORATION Grow resource base Advance known and emerging targets Near mine extensional drilling targets to build on +1 million ounces 4
Slide 5: Commanding Land Holding
Commanding Land Holding Prime Real Estate in Kalgoorlie - Kambalda • Large 635km2 contiguous tenement package • Close to existing transport infrastructure, towns and highly active workforces LEFROY EXPLORATION • Nearby processing facilities for cost-effective, low-capex, fast-tracked development • H
Slide 6: Total Indicated & Inferred Resources: Gold, Copper, Nickel
Total Indicated & Inferred Resources GOLD COPPER +1Moz 58kt Orogenic Gold Style Indicated Inferred Total Resource Deposit Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Red Dale⁷ 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 Martin⁶
Slide 7: Pathway to Growth and Commercialisation
Pathway to Growth and Commercialisation Gold Commercialisation (July – Nov 2024) Confidentiality Agreements with multiple parties Advanced strategic Partnership Conversations Location 45 – Mt Martin (Au) Burns Central (Au, Cu) Lucky Strike (Au) • Updated Resource October 2024 • Maiden MRE releas
Slide 8: Strategy & Pathway to Growth
Strategy & Pathway to Growth Clear Company Goals Diverse Exploration Target Pipeline Growing the resource base with an ongoing Resource growth, Advancing pre resource Early-stage exploration extension and discovery exploration targets with targeting frontiers across the view towards near-term within
Slide 9: Opportunities Abound
Opportunities Abound Prolific Gold District – Surrounded by Major Gold Deposits Mt Martin • Shallow MRE of 9.29Mt @ 1.47g/t Au for 439,000 oz⁶ • Limited drilling along strike and east of the Mt Martin resource Burns Central (Au) and Regional • Untapped potential extending 4km north of Burns Central
Slide 10: Mt Martin – Near Surface Gold Resource
Mt Martin – Near Surface Gold Resource Focus on near-surface (200m depth) gold resource base • Shallow MRE of 9.29Mt @ 1.47g/t Au for 439,000 contained ounces⁶ • Incorporates 29-hole RC program from December 2023 targeting Main and East Shear • Thick high-grade intersections including: • 21.24m @ 4.
Slide 11: 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. • East Shear testing northern corridor along
Slide 12: 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 ounces⁵ (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
Slide 13: 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 37m @ 4.23 g/t Au (from 126m) (LEFR320) LEFROY EX
Slide 14: Burns Regional – Over 4km of unlocked Potential
Burns Regional – Over 4km of unlocked Potential Multiple zones for 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 • Multiple faulted / st
Slide 15: Lucky Strike – By Name and Nature
Lucky Strike – By Name and Nature Testing Along an Established High Grade Au Trend • Gold mineralisation trend defined by wide spaced air core (AC) drilling with 3km strike length • Numerous high-grade drill intercepts including: • 8m @ 18.66 g/t Au from 145m • 22m@ 2.49 g/t Au from 63m LEFROY EXPLO
Slide 16: Location 45
Location 45 Major Gold Potential - Minimal Exploration • Located on freehold land with no grant of a mining lease required under the Mining Act of 1978 • Mineral rights secured from Franco Nevada Australia Pty Ltd in May 2023 for a 21-year term. • Strategically well placed adjacent to 2 major haul r
Slide 17: Exploration Activity Timeline
Exploration Activity Timeline 2024 2025 OCT NOV DEC JAN FEB MAR APR MAY JUN RESOURCE GROWTH Mt Martin Burns Central High Grade PRE-RESOURCE PROJECTS LEFROY EXPLORATION Burns Regional (Neon/Lovejoy) Coogee GENERATIVE PROJECTS Location 45 Regional Western Lefroy JV Eastern Lefroy Regional 17
Slide 18: Corporate Profile
Corporate Profile Corporate Details LEX Substantial Shareholders as of 13 Nov 2024 Shares on issue Options 16.9% 243.7M 11.3M Noontide Investments Ltd 3.14% 7.2% LEX Share Plan Share price1 Market capitalisation1 LEX Board 8.9% A$0.071 A$17.3M Gold Fields Ltd 63.9% LEFROY EXPLORATION Other Sharehold
Slide 19: Experienced and Skilled Team
Experienced and Skilled Team Skill & Experience – Exploration Team Graeme Gribbin Chris Hesford Honor Wilson Braden Strawbridge-Hill Kristel Sarak Chief Executive Officer Exploration Manager Project Geologist Field Logistics Supervisor Project Administrator LEFROY EXPLORATION Excellence & Integrity
Slide 20: Investment Highlights
Investment Highlights Ongoing upgrades to Expanding portfolio of Readily mineable shallow existing deposits to unlock precious and critical minerals, assets near existing value of landholding including over +1 million oz of infrastructure provides gold, 58kt of copper streamlined pathway to and 15kt
Slide 21: Thank You
Thank You Level 3, 7 Rheola St, West Perth WA 6005 Australia +61 08 9321 0984 lefroyex.com
Slide 22: Competent Persons Statement
Competent Persons Statement The following announcements were lodged with the ASX and further details (including supporting JORC Tables) that have been used in part to inform this presentation. The Company confirms it is not aware of any new information or data that materially affects the information
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