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Goldman Expanded Scoping Study will assess combining Mt Martin with high-grade Burns material as Lucky Strike approvals advance.
Lefroy Exploration Limited (ASX:LEX) is assessing whether the high-grade portion of the Burns gold deposit should be incorporated into an expanded Scoping Study for the Mt Martin Gold Project in Western Australia.
The revised study would consider regional processing synergies, combined infrastructure and optimised production profiles across Mt Martin and Burns. Delivery is now scheduled for early in the December quarter of 2026, alongside completion of a review of the Burns high-grade resource.
Mt Martin hosts a Mineral Resource of 9.1Mt at 1.6g/t Au for 460,000oz, comprising 200,500oz in the Indicated category and 259,500oz in the Inferred category. The Burns high-grade resource being reviewed was previously reported at 4.22Mt at 1.18g/t Au for 159,285oz using a 0.5g/t Au cut-off.
Lefroy also reported progress at the Lucky Strike Gold Mine, where Miscellaneous Licence L25/71 has been granted following execution of a heritage agreement. A heritage survey for the second dewatering corridor is planned for mid-October, while environmental approvals and amendments to water discharge and mine development plans continue.
The company is targeting a restart of dewatering and mining operations at Lucky Strike in the first quarter of 2027, subject to receipt of the required approvals.
Lefroy Exploration managing director Graeme Gribbin:
Evaluating the integration of the high-grade portion of Burns into an expanded Scoping Study scope alongside Mt Martin is a logical adjustment to the Study. Aligning both the reviewed resource model and the scoping study delivery for early December quarter 2026 will provide our shareholders with a clear, comprehensive development framework.
The past month has also delivered major steps forward in de-risking our operations at Lucky Strike. Securing dewatering corridor for Lucky Strike and working closely with our partners BML Ventures to advance environmental approvals, discharge amendments, and the revised Mining Development and Closure Proposal.
Aligning these pieces ensures all regulatory clearances are in hand to target the recommencement of dewatering and commencement of mining operations in early 2027.
