Lefroy Exploration Limited - Further outstanding assay results confirm high-grade gold model at Lucky Strike

About this update from Lefroy Exploration Ltd.

Lefroy Exploration Limited ('Lefroy' or 'the Company') (ASX: LEX) is pleased to report a final tranche of strong assay results from the Lucky Strike Gold Deposit targeting the proposed northern pit. The Lucky Strike Gold Deposit ('Lucky Strike') contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz). LEFROY CEO, GRAEME GRIBBIN , COMMENTED: 'Lucky Strike continues to deliver, with these final grade control results ending what has been a very successful Stage 1 drilling program for the Company. With all assay results now returned, we look forward to finalising our mine plans, budgets, and schedules as we advance towards operations commencing at Lucky Strike before the end of 2025. With the Company now fully funded until profit-share distribution at Lucky Strike commences in 2026, I look forward to implementing our ambitious growth strategy at Lefroy, through gold production, resource expansion and exploration success. It truly is an exciting time to be a shareholder of Lefroy'. OUTSTANDING GRADE CONTROL RESULTS CONTINUE The final tranche of assay results from this current phase of grade control drilling targeting the northern proposed Stage 1 pit shell at Lucky Strike have delivered outstanding results, both in grade and intercept widths. NEXT STEPS AND KEY MILESTONES With this first shallow phase of grade control drilling now complete for the proposed northern pit shell of Lucky Strike Stage 1, attention has shifted towards completing final approvals and permitting. During July, BML submitted the Mining Proposal for Lucky Strike , representing an important milestone for the Company. As reported previously, Clearing Permit approvals are in progress, covering the Lucky Strike Mining Lease (M25/366) and haulage road corridors. Additionally, the Company is considering the possibility of a larger Stage 2 pit, with drilling now complete on 2 diamond holes, designed to test the potential for a deeper pit at Lucky Strike. Geotechnical logging is complete, with final assay results pending. With grade control drilling and associated assay results now returned, the Company, in association with BML will advance towards completing final pit shell optimisation designs for Lucky Strike . This, together with a finalised project budget, with be agreed between the parties (BML and Lefroy) for approval in August. UNLOCKING VALUE FROM 1 MILLION OUNCES With over one million ounces in resources, and the Company fully funded throughout FY26 until profit-sharing is achieved on the Lucky Strike project (refer ASX release 16 July 2025 ), the Company is set to embark on an ambitious growth strategy. As part of this growth strategy, the Company is in advanced discussions with potential partners towards unlocking value from both its Mt Martin and Burns high-grade gold projects. Additionally, the crucial funding provided by the Company's Profit Cash Advance Agreement with BML (refer ASX release 16 July 2025 ), coupled with realised profit from Lucky Strike , will enable Lefroy to self-fund its exploration ventures into 2026. Lefroy is uniquely positioned to further unlock value, through discovery, across its highly prospective tenure, situated in the heart of the highly prospective, prolific Kalgoorlie gold mining district. Contact: Graeme Gribbin Email: [email protected] Tel: +61 8 9321 0984 Web: www.lefroyex.com Fiona Marshall Email: [email protected] Tel: +61 400 512 109 (C) 2025 Electronic News Publishing, source ENP Newswire

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