Lefroy Exploration is a step closer to gold production at its Lucky Strike project in Western Australia, securing its first toll milling agreement through mine profit-share partner BML Ventures.
The agreement will see ore from Lucky Strike processed at FMR Investments’ Greenfields Mill in Coolgardie during a one-month February 2026 milling slot.
Lefroy anticipates 80,000 to 90,000 dry metric tonnes will be treated under the agreement.
“Securing Lefroy’s first toll milling agreement via our mine profit-share partner BML to process ore at the Greenfields Mill in Coolgardie represents another important milestone for the company, as we advance down our path of commencing operations at Lucky Strike and finally unlocking value for Lefroy shareholders,” Lefroy chief executive officer Graeme Gribbin said.
“With drill rigs on site, permitting advancing and the first ore processing agreement in place, we are methodically advancing the Lucky Strike project towards operations and production in the second half of 2025.”
The company and BML are actively negotiating with additional milling partners and aim to secure a total of 250,000 tonnes of toll milling capacity for stage 1 of Lucky Strike.
Situated within the Lefroy gold project, Lucky Strike has a mineral resource estimate of 1.27 million tonnes at 1.95 grams per tonne gold for 79,600 ounces, with 43,400 ounces of that indicated and 36,200 ounces inferred.
The project is also building momentum, with grade control drilling well advanced and on target for completion by the end of June.
More than 9200m of the planned 16,500m program has already been drilled, following strong early June assay results.
Meanwhile, a second diamond rig has commenced drilling to assess a potential stage 2 expansion at Lucky Strike, and Lefroy has lodged a native vegetation clearing permit application with the Department of Energy, Mines, Industry Regulation and Safety.
Lucky Strike is the first of three resources Lefroy is aiming to develop over the coming years as part of a broader strategy to unlock its one-million-ounce gold portfolio.
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