Lefroy confirms high-grade 15kt resource at Goodyear

Lefroy Exploration Limited (ASX: LEX) has today announced that independent global consultancy, CSA Global, completed a review of the mineral resource estimate (MRE) in accordance with the JORC Code (2012) for its Goodyear nickel deposit in WA.

Goodyear now reports as 392,000t @ 3.78% Ni for 14,780t of contained nickel sulphide at a 1% nickel cut- off grade.

The review confirms the original mineral resource, reported in 2008 by Australian Mines Limited, in accordance with the JORC Code 2004 Edition.

Lefroy managing director Wade Johnson says the seamless conversion of the Goodyear nickel deposit to JORC Code 2012 standards is an exciting development for Lefroy and its nickel-focused subsidiary, Hampton Metals Ltd.

“The Goodyear mineral resource presents a unique opportunity, being on freehold title with a 15-year ownership history of gold majors and adjoining our commanding Lefroy gold project,” he said.

“We now hold 30km of strike length of a key ultramafic unit, considered to be one of the most prospective geological settings for nickel sulphide discoveries, within what is one of the few unexplored parcels of land remaining in the Kalgoorlie-Kambalda region.

“With Hampton’s aim to be a key player in what is shaping up to be a new era of nickel exploration and production in the Kambalda district, we couldn’t be off to a better start.”

Lefroy controls 30km of ultramafic basal contact within the Carnilya dome which is lightly explored and considered highly prospective for additional Ni sulphide discoveries.

Goodyear is located within a land parcel known as Location 45 in the world class Kambalda nickel district, only 20km north of Kambalda town.

Acquisition of the mineral rights for this uniquely freehold property has provided Lefroy with a strong foundation to embark on further nickel exploration and drilling at Location 45.