M&A

Lefroy looks at becoming miner after gold, nickel deal

LEFROY Exploration believes it will be able to become an open cut gold miner in the "near term" and will spin out a new nickel company next half with another key asset after acquiring mineral rights southeast of Kalgoorlie from Franco Nevada that include the Mt Martin gold mine and Goodyear nickel deposit.

 Mt Martin open cut, WA

Mt Martin open cut, WA

Mt Martin has 8.7 million tonnes grading 1.79 grams per tonne gold for 501,175 ounces while Goodyear has 391,250t at 3.78% nickel for 14,780t contained nickel. The mineral rights have been acquired...

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