Articles On Lefroy Exploration (ASX:LEX)

On Sunday, a chaotic ‘flash crash’ saw the gold price plummet into the $US1600s per ounce before staging a mild recovery. Experts mostly point to a better than expected jobs report out of the US for heavy selling that saw the traditional he...

As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says. “There is an article in the last Economist asking, ‘what happens if...

Things are heating up for Kambalda gold explorer Lefroy Exploration after the company grew the footprint of its exciting Burns intrusive gold discovery at its Eastern Lefroy Project and joint venture partner Gold Fields Ltd elected to pump...

Local markets have made a strong start to the week, with the ASX200 closing 1.34% higher on Monday as some major M&A activity stole the headlines. Gains were led by the tech sector, as Afterpay (ASX:APT) showed its weight by dragging th...

The armed forces could be called upon to enforce Sydney’s strict lockdown, and we might see troops on the streets as early as Monday. On the bourse, the benchmark ASX 200 has closed 0.40% lower on Friday, but was flat for the week. The mini...

Strong consumer buying and modest institutional investment helped create gold demand of 955.1 tonnes over Q2 – a 9% rise from Q1 2021, and in line with the equivalent period last year. While both consumers and retail investors were purchasi...

Newly listed WA gold explorer Mt Monger Resources is firing up the drill rigs at its flagship gold project east of Kalgoorlie. Mt Monger Resources (ASX:MTM) first target is the Duchess of York deposit, a prospect identified by Western Minin...

Lefroy Exploration has lifted the tempo of its drilling around the promising Burns copper-gold discovery 50km south-east of Kalgoorlie in WA with the start of a 12-hole reverse circulation program aimed at extending the ‘multi-host rock’ mi...

Lefroy has launched a drill program at its Burns copper-gold prospect near Kalgoorlie to evaluate extensions to the Western Basalt zone and the Eastern Porphyry. The 12-hole reverse circulation program totalling 3,000m will evaluate multipl...

The Aussie share market has fallen for two consecutive days, down by 0.46% today. Seven sectors were down, while four rose. Utilities and Mining were the worst peforming sectors, while Healtcare and IT were the best. In big cap news today,...

Gold had a strong week, up 1.26% to $US1,826.50oz. Some experts say gold remains undervalued, on the cusp of a big breakout. Meanwhile, the IPO extravaganza continued into July, with 7 gold-facing stocks having listed on the ASX so far. Her...

It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials. Failing to maintain good relationships with stakeholders (like governments, local co...

Gold had its worst month since November 2016 in June, down 7% to $US1,779/oz. Mining and exploration stocks have followed suit. This bearish trend creates a buying opportunity, experts say. Boutique investment advisory firm head Frank Holme...

Mt Monger Resources Ltd has closed a heavily oversubscribed IPO – another significant box ticked as the highly anticipated gold explorer moves closer to ASX listing.  Mt Monger Resources (proposed ASX:MTM) expects to list in early-to-mid-J...

SPINIFEX: Lefroy Exploration’s path to a gold/copper discovery at its Lake Lefroy project is a story that has played out over 14 years.

ASX-listed explorer Lefroy Exploration and South Africa-based major gold producer Gold Fields have reached a “side deed” arrangement in relation to a shortfall in the latter’s agreed exploration expenditure commitment at the pair’s Western...

Lefroy is poised to receive a boost to its bank balance and welcome back a promising prospect after Gold Fields said it was unable to meet its exploration commitment. Under the farm-in agreement, Gold Fields had the right to spend $10m on e...

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

Lefroy Exploration appears to have confirmed the mineralised Eastern Porphyry zone at its promising Burns gold-copper discovery extends to the north and continues at least 180m below the discovery hole that returned 38m at 7.63 g/t gold and...

Most of the big names in Australian gold mining have had a rough ride recently as the gold price has struggled to reclaim last year’s all-time high, but it’s a different story at the small end of the game where exploration success is the ke...

Another Melbourne lockdown has starved Garimpeiro of the usual flow of junior resources stock ideas that his barfly approach to gathering information normally delivers. So this week he has reached out for some professional help from John Fo...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

You can forgive incoming Mount Monger Resources managing director Lachlan Reynolds for having a sense of déjà vu. In a way he is back where it all started with the emerging gold explorer, which this week opened the latest junior gold IPO to...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

The exciting Burns gold-copper discovery appears to be growing for ASX-listed gold and base metals explorer, Lefroy Exploration as its diamond drilling program continues to probe the recently discovered “eastern porphyry” zone.

Lefroy Exploration’s hunt for an intrusion-related discovery in the valley of the giants between Kalgoorlie’s Super Pit and the St Ives gold camp has continued to deliver. New drilling at the Burns prospect at Lefroy Exploration’s (ASX: LEX...

For resources investors, backing a junior explorer that unearths a high-grade mineral discovery is the equivalent of living the dream — but it’s only the first part of a successful long-term investment. In that context, recent research from...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scr...

The ASX fell nearly 1 per cent today and below 7,000 index points as this week’s sell off continued. The ASX 200 closed at 6,983 points, which was 0.88 per cent lower than yesterday while the ASX Emerging Companies Index dropped 1.18 per ce...

Lefroy Exploration appears to have confirmed continuity at depth of an altered porphyry zone containing its stellar Burns gold-copper discovery hole at Eastern Lefroy project near Kalgoorlie in the second of a planned 14 diamond drill holes...

Summary Today, Lefroy Exploration announced that it has wrapped up two diamond drill holes in the DD program at Burns. The AGE share price has already delivered 87.5% return in May, including today’s 15.3% rally to AU$0.03. The PEK sh...

Drilling has confirmed depth extensions to the intervals of altered porphyry that is host to high-grade copper gold mineralisation at Lefroy’s Burns Copper Gold prospect. And that’s a good thing as it indicates that Burns hosts a potentiall...

EARLY indications from a diamond core drilling campaign by Lefroy Exploration at its Burns gold-copper discovery 50km south east of Kambalda “ ...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Impact Minerals (ASX: IPT) has been formally granted the exploration licence which comprises its 80%-owned Doonia gold project, located 75 kilometres east of Kambalda in Western Australia. On-ground exploration plans are now in the works ba...

While prolific, the Mount Monger region, around 70km south east of Kalgoorlie in WA’s gold heartland, has until recently flown a little under the radar in terms of investor awareness. Yes, the region has a long history of gold mining – wit...

Lefroy Exploration is off to a flying start at the Lefroy gold project. The first hole of a diamond drilling campaign at the Burns prospect has hit 187.5 metres of host porphyry rocks near a previous high-grade intercept.

Lefroy Exploration has intersected multiple intervals of altered eastern porphyry in new drilling at the Burns gold-copper prospect in WA. The first hole of a new diamond drilling program at Lefroy’s (ASX:LEX) highly exciting prospect inte...

The Lefroy Exploration Ltd (ASX: LEX) share price rebounded strongly today after tanking 23% yesterday, following the company’s announcement of its recent drilling results. The Lefroy share price closed the day up 13.83% to $1.07. Two days...

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

Exploration results continue to turn up the heat for Lefroy Exploration in WA. Results from a drilling campaign at the Burns prospect appear to have expanded the footprint of the mineralised system in all directions and identified three new...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Drilling has expanded the footprint of Lefroy’s Burns copper-gold zones in all directions while identifying three new zones of mineralisation. Final results from the 28-hole reverse circulation and diamond tails program that was completed d...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Lefroy Exploration has confirmed spectacular gold-copper intercepts from the Burns prospect at the Lefroy gold project, with 1 metre re-sampling of previous intercepts returning bumper hits including 38 metres going 7.63 grams per tonne gol...

Impact Minerals (ASX: IPT) has an additional $4 million to fund its “aggressive” exploration and drilling plans at Apsley and Broken Hill after a successful placement to professional and sophisticated investors. Melbourne-based Peak Asset M...