Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — South-West Connect Presentation October 2023
19 slides from Lefroy Exploration's conference presentation, Oct 18, 2023
Slide 1: Acquisition Provides Pathway to Growth and Development
Acquisition Provides Pathway to Growth and Development Advanced Kalgoorlie-Kambalda based gold, nickel and copper projects Commanding land position in Tier 1 location Pipeline of activity provides pathway to development Premier mining jurisdiction provides low capital development optionality Wade Jo
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as of October 18 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 Portfolio
COMPANY PORTFOLIO ADVANCING KEY ASSETS TOWARD DEVELOPMENT NICKEL ASSETS ➢ KAMBALDA (LOCATION 45) - GOODYEAR ▪ JORC 2012 Resource (392,000t @ 3.78% Ni for 14,780t Inferred) ➢ LAKE JOHNSTON ▪ Proximal to Emily Ann and Maggie Hayes nickel mines. ➢ GLENAYLE ▪ Early Mover Greenfields Nebo-Babel style pro
Slide 4: Commanding Kambalda Land Holding
COMMANDING KAMBALDA LAND HOLDING Location 45 is now our focus: KALGOORLIE-KAMBALDA FOCUSED ASSETS • Large 635km2 contiguous package of tenure • 20km north of Kambalda and 35km south of Kalgoorlie • Close to existing developed infrastructure (road, haul roads, power, water, towns) • Nearby gold and n
Slide 5: Location 45 – A Transformational Acquisition
LOCATION 45 – A Transformational Acquisition • Acquired Mineral Rights1 from Franco-Nevada Australia Pty Ltd* for nil upfront consideration and a minimum 21-year term, which includes: • 14,780t Goodyear nickel resource (JORC 2012) • 501,000oz Mt Martin gold resource (JORC 2012) • Mineral Rights divi
Slide 6: Location 45 - Mt Martin Gold Mine
LOCATION 45 - Mt Martin Gold Mine SIGNIFICANT NEAR TERM DEVELOPMENT OPPORTUNITY • 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 of ore processed at n
Slide 7: Mt Martin Gold Mine
Mt Martin Gold Mine SCALE OF SYSTEM YET TO BE DETERMINED • Multiple high-grade shoots in broad controlling shear structures • Significant depth potential • Limited drilling outside 1km long open pit • East lode sits 50m below Main Shear had minimal underground mining in 1980s – 1990s • Strong potent
Slide 8: Mt Martin Gold Mine-Growth Opportunity
Mt Martin Gold Mine-Growth Opportunity B B1 Mt Martin cross-section looking North, showing resource model, drilling and significant gold intersections. OPPORTUNITY FOR MULTIPLE UNTESTED PARALLEL STRUCTURES AT DEPTH INVESTOR UPDATE | OCTOBER 2023 8
Slide 9: Location 45 – Goodyear Nickel Deposit
LOCATION 45 – Goodyear Nickel Deposit HIGH GRADE NICKEL – GROWTH FOCUS • Hosted by underexplored Carnilya Belt 20km northeast of Kambalda (produced >1.6 Mt Ni in 50 years) • 4km west of Wyloo Metals’ high-grade Carnilya Hill nickel deposit (produced 1.7Mt @ 3.3% Ni) • Goodyear Nickel Deposit: 392,00
Slide 10: Goodyear Resource - Open at Depth
GOODYEAR RESOURCE -OPEN AT DEPTH HIGH GRADE – HIGH TENOR – SYSTEM OPEN Significant opportunities to advance and grow the 14,780t Ni Goodyear resource, with near-term Stage 1 drilling program focused on: 1. Infill diamond drilling to upgrade categories of Inferred resource to Indicated status; and 2.
Slide 11: Carnilya Belt Nickel Upside
CARNILYA BELT NICKEL UPSIDE A NEW KAMBALDA DOME? • The same highly-fertile ultramafic host rock and similar scale to Kambalda Dome but significantly underexplored for the last 3 decades • Over 30km of largely untested ultramafic highly prospective for nickel • Numerous surface nickel anomalies recog
Slide 12: Premier Mining and Exploration Location
Premier Mining and Exploration Location PREMIER MINING JURISDICTION PROVIDES NEAR- TERM, LOW CAPITAL DEVELOPMENT OPTIONALITY • Situated 7km from Goldfields Hwy linking Kalgoorlie and Kambalda • On freehold land with simplified regulatory requirements • 40-year history of prior underground and open-p
Slide 13: Location 45 Activity Timeline
LOCATION 45 ACTIVITY TIMELINE 2023 2024 SEPT OCT NOV DEC JAN FEB MAR APR MAY JUN GOLD (Mt Martin) Planning and land access Drilling resource definition Exploration drilling Resource update Open pit optimisation Development study (6 months) NICKEL (Goodyear) Planning and land access Drilling resource
Slide 14: Burns Gold-Copper Project
BURNS GOLD-COPPER PROJECT A NEW MINERALISATION STYLE IN EASTERN GOLDFIELDS • An alkalic porphyry-related Au-Cu-Ag-Mo-Co mineral system located 70km southeast of Kalgoorlie • Burns Central is the most advanced target of multiple anomalies around the broader large Burns Intrusion • Maiden resource for
Slide 15: Corporate Overview
CORPORATE OVERVIEW BOARD & MANAGEMENT CORPORATE DETAILS 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$0.18 Tara French Non-Executive Director Market capitalisation A$35.3M Chris Hesford Explo
Slide 16: Investment Summary
INVESTMENT SUMMARY Transformative acquisition Expanding portfolio of precious and Location 45 private land title provides of Location 45 that includes the critical minerals, including over 1.1 Company with a streamlined pathway Goodyear nickel and Mt Martin gold million oz of gold, 58kt of copper an
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
ASX: LEX Appendices Level 3, 7 Rheola St West Perth WA 6005 Australia +61 08 9321 0984 lefroyex.com
Slide 19: Total Indicated & Inferred Resources
TOTAL INDICATED & INFERRED RESOURCES Nickel Deposit Indicated Inferred Total Resource 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 inventory to: TOTAL - - - 3
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