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🏗️ Lefroy Begins Toll Milling at Lucky Strike Gold Mine
Key Update:
✴️ Lefroy Exploration has commenced its first toll‑milling campaign at the Lucky Strike Gold Mine near Kalgoorlie, Western Australia. Ore is being transported 24/7 to the Greenfields mill in nearby Coolgardie for processing.
What This Means:
• First gold output is expected by mid‑February, marking a major shift from explorer to producer.
• The mill slot was secured through a mine profit‑share and funding agreement with partner BML Ventures, reducing upfront risk for Lefroy shareholders.
• Grade‑control drilling is also progressing toward expansion of the Stage 2 south pit.
Gold Resource & Production:
• Lucky Strike hosts an estimated 1.27 Mt @
~1.95 g/t Au (~79,600 oz) mineral resource — with split indicated and inferred categories.
Bullish Context:
With gold prices elevated, near‑term production could generate early cash flow for Lefroy while broader drilling and expansion work continues.
Expert Insight:
This milestone moves Lefroy toward first‑gold production in 2026 and can strengthen its profile among junior gold producers leveraging toll milling deals to accelerate output.
#Gold #Mining #Lefroy #LuckyStrike #ProductionUpdate $PAXG
Key Update:
✴️ Lefroy Exploration has commenced its first toll‑milling campaign at the Lucky Strike Gold Mine near Kalgoorlie, Western Australia. Ore is being transported 24/7 to the Greenfields mill in nearby Coolgardie for processing.
What This Means:
• First gold output is expected by mid‑February, marking a major shift from explorer to producer.
• The mill slot was secured through a mine profit‑share and funding agreement with partner BML Ventures, reducing upfront risk for Lefroy shareholders.
• Grade‑control drilling is also progressing toward expansion of the Stage 2 south pit.
Gold Resource & Production:
• Lucky Strike hosts an estimated 1.27 Mt @
~1.95 g/t Au (~79,600 oz) mineral resource — with split indicated and inferred categories.
Bullish Context:
With gold prices elevated, near‑term production could generate early cash flow for Lefroy while broader drilling and expansion work continues.
Expert Insight:
This milestone moves Lefroy toward first‑gold production in 2026 and can strengthen its profile among junior gold producers leveraging toll milling deals to accelerate output.
#Gold #Mining #Lefroy #LuckyStrike #ProductionUpdate $PAXG
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