Articles On Lefroy Exploration (ASX:LEX)

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Lefroy Exploration is set to reveal the full extent of its newly discovered Burns gold-copper system in WA over a 2000m area with 5,000m of aircore drilling about to pepper a string of high priority targets.

Lefroy has kicked off a 100-hole aircore drilling program to evaluate the limits to the footprint of Burns copper-gold system beneath Lake Randall at the Eastern Lefroy project, near Kalgoorlie. The company has started drilling at the Lovej...

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

Lefroy Exploration (LEX) receives firm commitments to raise $6 million via a share placement A total of 18 million fully-paid ordinary shares will be issued to sophisticated and institutional investors at 35 cents Subject to shareholder a...

Lefroy Exploration has cashed in on its success at the emerging Burns copper-gold prospect near Kalgoorlie, raising $6.3 million to advance exploration at the exciting prospect. Lefroy (ASX:LEX) exited a trading halt this morning to announc...

The ASX closed down again today in spite of resources and tech gaining over 1%. The ASX 200 fell 0.24%, closing at 7,434 points. Despite the gains in resources and tech most other sectors fell with financials, property and energy retreating...

Independence Group will throw its weight behind Impact Minerals’ Broken Hill nickel-copper-platinum group metals project in New South Wales as part of a farm-in deal worth up to $18 million. Impact (ASX:IPT) announced the details of the fa...

Nickel and lithium miner IGO (ASX: IGO) has given Impact Minerals’ (ASX: IPT) Broken Hill project in New South Wales the tick of approval after agreeing to farm into the asset, which is prospective for nickel-copper and platinum group metal...

Highlights  Australia’s mining sector is the pillar of Australian material sector, and stocks from this space gain huge investor attention. Any development from the companies in this space brings the players into the spotlight. LEX, C...

The ASX started the week on a downward note with tech leading the laggards despite one of Australia’s major unicorns joining the bourse and gaining over 30%. SiteMinder (ASX:SDR), a hotel commerce platform, listed on the ASX at $5.06 per sh...

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

Lefroy Exploration could have a new suite of broad gold anomalies on its books after receiving some solid results from its maiden 136-hole, 4056m aircore drilling program at its Coogee South prospect in WA.

Lefroy Exploration has received assay results from its maiden aircore drilling program at the Coogee South prospect of the Eastern Lefroy project – and have flagged two geochemical gold anomalies. The drilling targeted the Coogee South pros...

Lefroy Exploration is growing in confidence it has a significant intrusion-related mineralised system near Kalgoorlie after receiving final assay results from a pair of RC drilling programs.

Results have been received for two RC drilling programs completed at the Burns prospect during the July to October 2021 period. Lefroy Exploration has received the results from two reverse circulation (RC) drill programs evaluating the Bur...

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

By modern standards, the mining laws of years gone are archaic – a telling indicator of a gender imbalance in desperate need of a reset. Written into legislation were restrictions which prevented women from setting foot in an underground mi...

Lefroy Exploration has laid claim to unearthing an emerging nickel, copper and PGE province 210km northeast of Wiluna. The company has pegged five exploration licences covering a whopping 2735 square kilometres in a new mineral frontier tar...

In line with its multi-commodity gold and base metals strategy, Lefroy Exploration has pegged five exploration licence applications over a new nickel project named Glenayle. The Glenayle Project covers a massive contiguous 2735sqkm of the...

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects. Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous developmen...

Mining goliath Gold Fields Ltd and Lefroy Exploration’s Western Lefroy joint venture project on Lake Lefroy near Kambalda is about to get a serious shot in the arm. Gold Fields says it will plough 46,000 drill metres into Lefroy’s project t...

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

ASX-listed junior explorer Lefroy Exploration has the drill bits working at its Burns copper-gold prospect near Kalgoorlie as it looks to evaluate multiple magnetic anomalies detected over a 3000m corridor in a recent aerial survey.

Highlights Lefroy commences a 20-hole RC drill program on copper-gold prospects at Burns. The drilling operation aims at testing multiple magnetic anomalies delineated through an aeromagnetic survey. With two holes already completed,...

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

ASX-listed Lefroy Exploration has unveiled six new magnetic anomalies over a 3km corridor it says are highly prospective for gold-copper-silver mineralisation nearby the company’s Burns Intrusive Complex at its Eastern Lefroy project 50km s...

Gold explorer Lefroy has identified six new magnetic anomalies, extending the Burns intrusive corridor to 3000m at its Lefroy gold project near Kalgoorlie. Burns has a distinctive, positive, aerial magnetic signature due to strong magnetite...

The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis. Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolu...

Highlights At the opening, the ASX 200 was trading 0.8 points up at 7,371. Seven out of the 11 sectors are trading in green with the Energy sector leading the most with a 2.22% gain. Strong crude oil prices are likely to boost energy...

ASX-listed junior gold and base metals explorer Lefroy Exploration has rattled off another clutch of broad drill intersections from three diamond holes at its Burns copper gold prospect within the company’s Eastern Lefroy project near Kamba...

Final results from diamond drilling at Lefroy’s Burns prospect have delivered more high-grade gold, copper and silver intercepts along with a new gold zone. All three of the final holes returned multiple broad intersections of gold, copper...

Impact Minerals (ASX: IPT) has identified new potential at is Arkun nickel-copper and platinum group metal project in Western Australia, with soil sampling also revealing lithium-caesium-tantalum mineralisation is present. Soil geochemistry...

It’s been a frustrating few months for gold bulls. As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 20...

Gold continues to consolidate around $US1,800/oz which, if we went back in time to July 2020, would be cause for celebration. Back then $US1,800/oz was an eight-year high and bullish sentiment was nudging even the shittiest exploration stoc...

Impact is laying the groundwork to start drilling at the Doonia gold project near Kambalda, Western Australia, with a Heritage Survey kicking off this week. The survey by the Ngadju Group will be carried out in preparation for a 3,000m reve...

A heritage survey run by the traditional Ngadju Group will commence this week at Impact Minerals’ (ASX: IPT) 80%-owned Doonia gold project, located 75 kilometres east of the world-class St Ives gold mining centre in Western Australia. The s...

ASX-listed explorer Lefroy Exploration has launched a maiden aircore drilling campaign at its intriguing Coogee South prospect within its Eastern Lefroy tenements package that forms part of the company’s overall Lefroy gold project about 50...

Hot Money Monday is typically the domain of ASX small caps, but this week saw plenty of larger companies near the top end of the list as investors responded to some reporting season surprises. Each week, Stockhead recaps ASX stocks that are...

Gold bugs would be breathing a sigh of relief this week as the price stabilises just shy of $US1,800/oz ($2,463/oz Aussie) thanks to Monday’s healthy 1.5% gain. While there are plenty of other red hot sectors attracting investor dollars rig...

Ikwezi Mining (ASX:IKW) topped the latest Running Hot list with a 14-day RSI of 82, after two straight weeks where lithium stocks dominated. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength I...

The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher”. In the big scheme of things, the pullback we have...

Lefroy (ASX:LEX) — led by former Newmont senior exploration manager Wade Johnson — has methodically explored its ground around Kalgoorlie for a few years now. In February this year, the potential game changer arrived. A 22-hole drilling pro...

Gold and base metals explorer Lefroy Exploration is cooling its heels awaiting assay results for more than 3,000 drill core samples from four diamond holes and nine reverse circulation holes put down at its exciting Burns gold-copper prospe...

Lefroy is gearing up to start 150-hole aircore drill program in August targeting the prospective Coogee South prospect within its wholly-owned Eastern Lefroy tenements. Coogee South started off as one of its primary targets at the time of i...