Start of a Goodyear with high-grade nickel confirmed

Assay results from Lefroy Exploration Limited’s (ASX: LEX) diamond drilling program at the Goodyear nickel deposit near Kambalda in WA’s Goldfields region have returned highly elevated values in hole GYD040.

The drillhole returned a highly elevated nickel intersection of 1.2m @ 10.01% Ni from 278.71m within massive to semi-massive sulphides.

Lefroy Exploration managing director Wade Johnson says the high-grade nickel intersection in the first hole of the program is a very good start to the exploration campaign at Goodyear.

“The intersection in GYD040 is one of the highest grade intervals of nickel mineralisation known at Goodyear, with our first drillhole intersecting massive sulphides on target and as modelled,” he said.

“This further demonstrates and supports the quality of previous drill information.

“Our expectation is that the host ultramafic in Location 45 will provide the opportunity to expand beyond the current resource of almost 15kt Ni at Goodyear and grow to become a new nickel district near the prolific Kambalda nickel camp.”

Logging and sampling of historical drillholes has shown early encouragement with a previously unsampled zone returning 0.64m @ 2.06% Ni in GYD009.

Assay results from this second diamond hole are expected in late January, while planning for further exploration at Goodyear continues following receival of recent land planning and use permits.

Goodyear is held by Lefroy’s wholly owned nickel focused subsidiary Hampton Metals Ltd.

The company acquired Goodyear in May 2023 through a Mineral Rights Agreement for Location 45 between title holder Franco-Nevada Australia Pty Ltd and Lefroy’s wholly-owned subsidiaries.