Lefroy Exploration Receives Second Cash Installment of AU$750,000 From BML; Shares Hit Three-Year High
MT Newswires Live
Dec 18, 2025
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The company has received a total of AU$2 million in funds under the deal with AU$500,000 remaining to be withdrawn, the filing said.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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.