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Lefroy begins toll milling at Lucky Strike gold mine

12th February 2026

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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ASX-listed Lefroy Exploration has started its inaugural toll-milling campaign for ore from the Lucky Strike gold mine, near Kalgoorlie.

Twenty-four-hour haulage is under way, transporting ore to FMR Investments’ Greenfields mill, in Coolgardie, throughout the month. First gold from Lucky Strike is expected by mid-February.

The one-month toll-milling slot was secured between mine profit share partner BML Ventures and FMR Investments, enabling processing of the first parcels of ore mined from Lucky Strike.

“We are pleased to confirm that toll-milling is under way at the FMR Greenfields Mill in Coolgardie, representing a truly significant milestone for Lefroy," said Lefroy CEO Graeme Gribbin.

“From the initial execution of the mine profit share agreement with partners BML Ventures in February 2025, we are now on the threshold of generating first gold from the Lucky Strike Gold Mine inside a short 12-month period.

“With all upfront funding for the project being provided by BML, we have managed to bring Lucky Strike on line with minimal risk exposure to Lefroy shareholders within the context of historically elevated spot gold prices.

“With grade control drilling also now under way to confirm the Stage 2 south pit, we look forward to expanding the mine footprint at Lucky Strike, to mine more ounces within this strong gold price cycle.”

Mining progress has accelerated in early 2026, with grade control drilling under way targeting the planned Stage 2 south pit. The drilling programme is focused on the top 50 m to 60 m from surface.

The Lucky Strike gold deposit hosts a mineral resource estimate of 1.27-million tonnes at 1.95 g/t gold for 79 600 oz, comprising 0.70-million tonnes at 1.93 g/t gold for 43 400 oz in the indicated category and 0.57-million tonnes at 1.97 g/t gold for 36 200 oz in the inferred category.

Edited by Creamer Media Reporter

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