Lefroy Exploration Launches Scoping Study for 460,000-Ounce Gold Project in Australia

en.Wedoany.com Reported - Lefroy Exploration (ASX:LEX) has initiated a scoping study for its Mt Martin gold project, commissioning Measured Group to lead the evaluation.

The assessment is based on the company's latest mineral resource estimate released in May, which indicates 9.1 million tonnes of ore at a gold grade of 1.60 g/t, containing 460,000 ounces of gold.

The resource includes 3.9 million tonnes of indicated ore at 1.60 g/t gold, containing 200,500 ounces, and 5.2 million tonnes of inferred ore at 1.60 g/t gold, containing 259,500 ounces.

The study will evaluate open-pit mining options, processing strategies, infrastructure, and economics, with a target completion date by the end of the September 2026 quarter.

The evaluation is funded by a A$3.6 million placement completed in May.

Managing Director Graeme Gribbin said the study marks a key milestone as Lefroy advances its asset portfolio.

Gribbin noted that the company has a substantial mineral resource base of over 1 million ounces of gold content, building a solid platform for future growth and value creation.

The Mt Martin scoping study will provide Lefroy with the necessary technical and economic understanding to make informed decisions regarding the project's future advancement and assess potential pathways toward development and production.

Lefroy Exploration is a Western Australian exploration company focused on its namesake flagship project located in the Kalgoorlie and Kambalda mining districts.