Lefroy Secures February 2026 Milling Slot for 80,000–90,000 Tonnes at Lucky Strike
Lefroy Exploration has secured its inaugural toll milling agreement for the Lucky Strike Gold Project, marking a significant step towards production with a February 2026 milling slot at Greenfields Mill.
- First toll milling agreement secured for Lucky Strike project
- February 2026 milling slot at Greenfields Mill confirmed
- 80,000–90,000 tonnes of ore throughput anticipated
- Negotiations ongoing to secure 250,000 tonnes for Stage 1
- Drilling programs advancing and permit application submitted
A Milestone for Lucky Strike
Lefroy Exploration Limited (ASX – LEX) has taken a decisive step forward in its development of the Lucky Strike Gold Project by securing its first toll milling agreement. This agreement, facilitated through its mine profit-share partner BML Ventures Pty Ltd, guarantees a milling slot at the Greenfields Mill in Coolgardie for February 2026. The slot is scheduled for one month, from late January to late February, and is expected to process between 80,000 and 90,000 tonnes of ore.
This milestone is more than just a contract; it represents Lefroy’s transition from exploration towards operational production, a crucial phase for unlocking shareholder value. CEO Graeme Gribbin highlighted the significance of this agreement as a key step in advancing the project towards production in the second half of 2025.
Scaling Up and Strategic Ambitions
While the initial milling slot is a promising start, Lefroy is actively negotiating with other milling partners to secure additional toll milling parcels. The company aims to accumulate a total of 250,000 tonnes of ore throughput for Stage 1 of Lucky Strike, which would significantly enhance the project's scale and production potential.
These efforts align with Lefroy’s broader strategy to develop a portfolio of gold resources exceeding one million ounces over the coming years. Lucky Strike itself holds a mineral resource estimate of approximately 79,600 ounces of gold, with ongoing drilling programs designed to expand and refine this resource.
Drilling and Environmental Progress
Drilling campaigns at Lucky Strike are progressing well, with grade control drilling on track for completion by the end of June. Encouraging assay results have already been reported, reinforcing the project's potential. Additionally, diamond drilling targeting a larger Stage 2 development is underway, signaling Lefroy’s intent to expand the resource base further.
On the regulatory front, Lefroy has submitted a Native Vegetation Clearing Permit Application to the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS), a necessary step to facilitate mining operations while addressing environmental considerations.
Looking Ahead
With the first toll milling agreement secured, drilling advancing, and permitting progressing, Lefroy is methodically moving towards production. The coming months will be critical as the company seeks to finalize additional milling agreements and complete its drilling programs, setting the stage for operational commencement at Lucky Strike.
Bottom Line?
Lefroy’s first toll milling deal signals a tangible shift from exploration to production, but the path ahead hinges on securing further milling capacity and regulatory approvals.
Questions in the middle?
- Will Lefroy secure the additional toll milling agreements needed to reach its 250,000-tonne Stage 1 target?
- How will upcoming drilling results influence the scale and timeline of Lucky Strike’s development?
- What impact will permitting outcomes have on Lefroy’s production schedule and operational risk?
