Lefroy Exploration (ASX:LEX) announces significant high-grade gold discovery at Burns Central prospect in Western Australia

Lefroy Exploration Limited (ASX:LEX) has revealed a significant shallow high-grade gold zone within the existing Burns Central Mineral Resource Estimate (MRE) in the Eastern Goldfields of Western Australia. The high-grade zone totals 4.22Mt @ 1.18 g/t Au for 159,285 contained ounces, including 46,538 oz of gold in oxide, 8,154 oz gold in transitional, and 104,593 oz gold in fresh rock. The MRE is drilled to 98% Indicated status and 2% Inferred for gold, with 34% of the gold resource contained within oxide and transitional material. The deposit is contained within a well-defined structural control with additional targets located along-strike. The Company is also preparing an MRE update for the Mt Martin deposit located elsewhere on its tenure.

Executive Commentary on High-Grade Gold Discovery

We are pleased to be revisiting the deposits across our tenure to update the diverse Lefroy Resource base and unlock the value of our landholding. The reporting of the Company's maiden MRE at Burns Central in May 2023 demonstrated the expansive size and potential of the Au and Cu system at Burns. Applying a higher grade (0.5g/t) Au cut-off to the existing resource, we have now been able to demonstrate the significant high-grade gold potential of the Burns Central resource, with this higher-grading zone containing 159,000 near surface ounces grading 1.18g/t Au. The definition of this structurally controlled, shallow, high-grade core at Burns Central represents a remarkable opportunity for the Company to explore for and grow its existing portfolio of shallow mineral resources, currently totaling 1.1 million ounces.

Summary of High-Grade Gold Discovery and Outlook

Lefroy Exploration's discovery of a significant high-grade gold zone at Burns Central presents a promising opportunity for the company to expand its shallow mineral resources. The delineation of a shallow high-grade core containing 159,285 ounces of gold at 1.18g/t Au within the existing Burns Central MRE highlights the potential for substantial growth in the company's gold portfolio. The high-grade corridor extending over 650m strike length, open to the northeast and southwest, coupled with the recognition of a significant north-south trending structure, provides a compelling exploration target for further expanding the high-grade resource. Additionally, the identification of numerous structural breaks along the 4km magnetic trend near Burns Central, along with the exploration upside surrounding the area, signifies high-priority exploration targets for advancement in the upcoming quarter. Lefroy Exploration's focus on developing its gold projects and unlocking the high-grade potential of the region demonstrates the company's commitment to maximizing the value of its landholding and resources.