Lefroy Exploration Secures Final Approvals for Lucky Strike Gold Project

Lefroy Exploration Advances Lucky Strike Gold Project Toward Production

Lefroy Exploration has received final mining and environmental approvals for its Lucky Strike gold project in Western Australia. The approvals include the Mine Development and Closure Plan (MDCP) from the Department of Mines, Petroleum and Exploration (DMPE). These clearances pave the way for on-ground development and early project activity.

A clearing permit for mining tenement M25/366 also allows immediate site preparation. BML Ventures, Lefroy’s profit-sharing partner, will begin site clearing and pre-strip work in November. The Kalgoorlie-based contractor, known for its open-pit mining expertise, will manage all mining and operational tasks. This partnership helps Lefroy maintain strong liquidity since BML will pre-fund all early project expenses.

Lucky Strike Gold Project Set for Early 2026 Ore Processing

The Lucky Strike gold project remains on schedule for first ore treatment at FMR Investments’ Greenfields Mill in Coolgardie by February 2026. Lefroy Exploration expects its first profit-share payments from BML in the first half of 2026. The milestone will mark the company’s entry into active gold production.

The project holds a mineral resource estimate (MRE) of 1.27 million tonnes at 1.95 grams per tonne of gold, for 79,600 ounces. This includes 700,000 tonnes at 1.93 g/t gold in the indicated category and 570,000 tonnes at 1.97 g/t gold in the inferred category. These figures highlight Lucky Strike’s strong production potential amid a resilient global gold market.

CEO Graeme Gribbin said the DMPE’s acceptance of the MDCP marks the final major approval. “With BML now overseeing all on-site work, first toll milling is scheduled for February 2026,” he noted. “This is an exciting phase for Lefroy shareholders as we move toward becoming first-time gold producers.”

SuperMetalPrice Commentary:

Lefroy Exploration’s progress at the Lucky Strike gold project underscores growing momentum in Western Australia’s mid-tier gold sector. By leveraging a profit-sharing model with BML Ventures, Lefroy mitigates upfront capital exposure while accelerating development timelines. With gold prices remaining elevated and production slated for early 2026, Lucky Strike positions Lefroy for near-term cash flow and strategic growth within the Kalgoorlie region. SuperMetalPrice views this as a calculated and well-timed move aligned with broader bullish sentiment in the gold market.