Lefroy Exploration Commences Grade Control Drilling Campaign at Lucky Strike

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THE DRILL SERGEANT: Lefroy Exploration (ASX: LEX) greeted punters at the RIU Sydney Resources Roundup with news it has commenced grade control drilling at the company’s Lucky Strike gold project in Western Australia.

Lefroy Exploration described the grade control drilling program at Lucky Strike, targeting the northern pit, as a major step towards commencing operations in the second half of 2025.

The Lucky Strike gold project contains a Mineral Resource Estimate of 1.27 million tonnes at 1.95 grams per tonne gold for 79,600 ounces (Indicated 0.7Mt at 1.93g/t gold for 43,400 ounces. Inferred 0.57Mt at 1.97g/t gold for 36,200 ounces).

Apart from undertaking close spaced grade control drilling at Lucky Strike in readiness for mining, the current program will additionally be used to capture data supporting geotechnical, hydrogeological and waste rock characterisation studies.

“Momentum is building at Lucky Strike, with our mining partners BML Ventures mobilising at the beginning of the month to commence the first phase of grade control drilling,” Lefroy Exploration CEO Graeme Gribbin said in the company’s ASX announcement.

“This and subsequent grade control drilling programs will enable the company to acquire all the necessary data to complete final pre-mining studies at Lucky Strike, setting the stage for mining operations to commence in the second half of this year.”

 

 

Alma Metals Update Briggs Copper Project Mineral Resource Estimate

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THE DRILL SERGEANT: Alma Metals (ASX: ALM) reported a revised Mineral Resource Estimate (MRE) for the company’s Briggs copper project in Queensland.

Alma Metals’ updated MRE for the Briggs project now includes both Indicated and Inferred Resource categories, and for the first time includes silver as a by-product:

INDICATED RESOURCE: 110 million tonnes at 0.27 per cent copper, 39ppm molybdenum, 0.7 grams per tonne silver (0.2% Cu cut-off)

INFERRED RESOURCE: 329 million tonnes at 0.24 per cent copper, 34ppm molybdenum, 0.6g/t silver (0.2% Cu cut-off)

TOTAL RESOURCE: 439 million tonnes at 0.25 per cent copper, 36ppm molybdenum, 0.7g/t silver (0.2% Cu cut-off)

“This updated Mineral Resource Estimate marks another important milestone for Briggs and continues to highlight the scale and robustness of the deposit,” Alma Metals managing director Frazer Tabeart said in the company’s ASX announcement.

“Not only have we defined a substantial volume of Indicated Resource, but this material sits at surface, is higher grade than the deeper mineralisation and is likely to be prioritised in the early stages of any future mining operation.

“Importantly, the block model indicates that coherent zones within the Indicated Resource are higher grade again, which could significantly enhance project economics during the initial stages of potential mining.

“We believe there’s also clear potential to convert more Inferred to Indicated Resources with further infill drilling and extensive undrilled copper-in-soil anomalies beyond the current resource footprint provide additional avenues for growth.

“This model will now form the foundation for developing a potential mining schedule as part of the Scoping Study, the first true economic evaluation of this highly significant project.

“In the context of rising copper prices, ongoing geopolitical uncertainty and more specifically the impending potential closure of the Mt Isa copper smelter, the scale, quality and secure location of Briggs couldn’t be more timely.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Wally Graham at the Gold Investment Day at Tribeca Future Facing Commodities Conference in Singapore

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Wally Graham of The Resources Roadhouse gets the feel of the room after winding up the Gold Investment Day at the Tribeca Future Facing Commodities Conference in Singapore.

Inca Minerals (ASX: ICG) CEO Trevor Benson at Tribeca Future Facing Commodities Singapore 2025

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Inca Minerals (ASX: ICG) CEO Trevor Benson brings Wally Graham of The Resources Roadhouse up to speed on the company’s takeover of Stunalara Metals and its aspirations for the associated project while attending the 2025 Tribeca Future Facing Commodities Conference in Singapore.

Estrella Resources (ASX: ESR) managing director Chris Daws at Future Facing Commodities Singapore.

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Estrella Resources (ASX: ESR) managing director Chris Daws is excited by the company’s manganese potential in Timor Leste. He promoted its ambitions whilst speaking with Wally Graham of The Resources Roadhouse at the 2025 Tribeca Future Facing Commodities Singapore.

St George Mining (ASX: SGQ) managing director John Prineas at Future Facing Commodities Conference.

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St George Mining (ASX: SGQ) managing director John Prineas outlines the company’s announcement of a Resource Estimate delivered for its Araxa project in Brazil to Wally Graham of The Resources Roadhouse at the 2025 Tribeca Future Facing Commodities Conference in Singapore.

Tambourah Metals (ASX: TMB) exec chair Rita Brooks at Tribeca Future Facing Commodities Singapore

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Tambourah Metals (ASX: TMB) executive chairperson Rita Brooks and geology manager Bill Clayton team up to bring Wally Graham of The Resources Roadhouse up to speed on the company’s eponymous gold project in Western Australia at the 2025 Tribeca Future Facing Commodities Conference in Singapore.

Terra Metals (ASX: TM1) MD and CEO Thomas Line at Future facing Commodities Conference Singapore

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Terra Metals (ASX: TM1) MD and CEO Thomas Line explains the recent drilling results announced from the company’s Dantes project in Western Australia to Wally Graham of The Resources Roadhouse at the 2025 Tribeca Future facing Commodities Conference Singapore.

White Cliff Minerals (ASX: WCN) Rod McIllree at Future Facing Commodities Conference Singapore

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White Cliff Minerals (ASX: WCN) executive chairman Rod McIllree outlines the company’s Canadian aspirations for Wally Graham of The Resources Roadhouse while attending the 2025 Tribeca Future Facing Commodities Conference in Singapore.

Axel REE (SAX: AXL) chairman Paul Dickson at 2025 Tribeca Future Facing Commodities Conference

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Axel REE (SAX: AXL) chairman Paul Dickson explains how the company is icing its REE cake with gallium to Wally Graham of the Resources Roadhouse at the 2025 Tribeca Future Facing Commodities Conference in Singapore.