Lefroy Exploration Limited has released new assay results from its flagship Lucky Strike gold project that reinforce the high‐grade, near-surface gold model at the deposit. The company reported significant reverse circulation drilling intersections, including a 9‐meter intercept at 9.80 g/t gold from 25 meters—with 2 meters at an even higher 36.95 g/t, a 2‐meter intercept at 64.37 g/t gold from 37 meters (with 1 meter reaching 120 g/t), and several other key intersections that extend from 7 meters at 4.17 g/t to 16 meters at 1.89 g/t gold. These results confirm that the high-grade mineralisation begins at shallow depths, typically between 20 and 25 meters, a factor that supports a low-cost production strategy. The announcement also highlights record progress with the grade control drilling, which encompassed 421 reverse circulation holes totaling 16,476 meters, including 193 holes (7,338 meters) reported in this release. Lefroy’s robust drilling program validates the existing resource model at Lucky Strike, which now includes an estimated 1.27 million tonnes grading 1.95 g/t gold, equating to 79,600 ounces. All associated drilling costs have been supported by profit-sharing partner BML Ventures Pty Ltd, effectively eliminating upfront financial risk for Lefroy. The mining proposal has been submitted and permitting is in progress, setting the stage for production to commence before the end of 2025, with profit-sharing expected to begin in 2026. The company is fully funded and is advancing an ambitious growth strategy not only at Lucky Strike but also across its Mt Martin and Burns high-grade gold projects. With over one million ounces in resources across its portfolio and plans for further drilling — including tests for a potential deeper pit at Lucky Strike — Lefroy is building momentum for a low-cost, cash-flow positive network of projects in the prolific gold mining districts of Western Australia. Bullish sentiment surrounds Lefroy’s continued technical success, near-surface high-grade intercepts, and a project delivered on time and on budget with external funding support. Investors may view these results as a positive indicator of the company’s ability to unlock significant value and move toward production in the coming years. Conversely, bearish sentiment might focus on the inherent risks of mining exploration, permitting challenges, and gold price volatility that could affect future profitability. Overall, Lefroy’s latest results provide a strong foundation for its future growth, while highlighting typical market risks that beginner traders should consider before investing.