Lefroy Exploration Limited - More High-Grade Results at Lucky Strike Gold Deposit

About this update from Lefroy Exploration Ltd.

Lefroy Exploration Limited ('Lefroy' or 'the Company') (ASX: LEX) is pleased to report a second set of robust grade control assay results returned from the Lucky Strike Gold Deposit ('Lucky Strike') targeting the northern pit. The Lucky Strike Gold Deposit 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: 'It is pleasing to see that these new assay results continue to illustrate the robust, consistent and predictable nature of mineralisation at Lucky Strike, with results from this recent tranche of drilling confirming our resource grade estimates. The shallow, high-grade zones encountered in the previous announcement continue to extend towards the south and east with these latest results. These strong shallow results, coupled with our recently completed Stage 2 deeper diamond drilling program, which seeks to unlock further growth, demonstrate the significant expansion potential for the Lucky Strike Project as the Company moves towards mining operations'. STRONG GRADE CONTROL RESULTS CONTINUE The Company is very encouraged by the second tranche of assay results from its grade control drilling program at Lucky Strike, targeting the proposed Stage 1 northern pit. The program, drilling on an average 8m x 5m drill pattern continues to test the top 40-50m of the northern proposed pit design, , with the program now at greater than 75% completion. Results from this program follow on for the exceptional assay results reported by the Company earlier in the month. DRILLING AND LUCKY STRIKE DEPOSIT UPDATE The grade control drilling program has now passed 75% completion with the program anticipated to be completed within the next 2 weeks. Apart from acquiring grade control assay data from the drilling program, this RC program is also capturing valuable geotechnical data, with a series of holes selected for optical televiewer surveys, with this work currently ongoing. Additionally, geotechnical logging has commenced on two recently completed diamond holes positioned between the proposed Stage 1 North and South pit designs at Lucky Strike. Apart from providing important geotechnical data to support pit shell designs for a potentially larger Stage 2 at Lucky Strike, these drill holes were also optimally designed to follow up extensions to exceptional high grade historical intersections, including 8m @ 18.66 g/t Au (from 145m) including 5m @ 28.1 g/t Au (from 145m) in LEFR217 (refer ASX release 26 February 2020 ). Geological logging of these two diamond holes will commence shortly, on completion of geotechnical works. In parallel with the geotechnical works, a second RC drilling rig arrived on site this week, to complete three pump-test bore holes to aid hydrogeological studies at Lucky Strike. A hydrogeologist will be on site in early July to supervise the pump test work with final reports due later that month. BML continues to provide all upfront funding of drilling works leading towards production at Lucky Strike. Contact: Graeme Gribbin CEO Lefroy Exploration Email: [email protected] Tel: +61 8 9321 0984 (C) 2025 Electronic News Publishing, source ENP Newswire

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