Lefroy Exploration Receives Second Cash Installment of AU$750,000 From BML; Shares Hit Three-Year High

MT Newswires Live

2025/12/18

Lefroy Exploration (ASX:LEX) received a second cash installment of AU$750,000 from BML Ventures under the profit cash advance facility agreement between the companies for the Lucky Strike Gold project in Western Australia, according to a Thursday filing with the Australian bourse.

The company has received a total of AU$2 million in funds under the deal with AU$500,000 remaining to be withdrawn, the filing said.

It remains on target to start ore haulage in January and process its first toll treatment ore parcel in February of next year, the filing added.

Shares of the company rose past 23% in recent Thursday trade and earlier hit their highest since October 2022.

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