The focus of LEX is to explore for new gold and nickel deposits in the premier terranes of the Yilgarn Craton of WA. The Yilgarn is one of the most well-endowed mineral provinces in the world, having produced in excess of 300 Moz of gold, and continues to deliver significant new gold discoveries. LEX will have three core project areas in the Yilgarn being the Lefroy Project near Kalgoorlie, the Lake Johnston Project which is adjacent to the Emily Ann and Maggie Hayes Nickel deposits, and the Murchison Project being to the west of Cue. The projects will be 100% owned, easily accessible, and encumbrance free.
The Company’s flagship project for exploration is the Lefroy Project where the Company holds a tenement package in excess of 547 km2 in the highly endowed Kalgoorlie Terrane.
LEX is utilising its intimate knowledge of the project areas together with the advanced interrogation of historical drilling data in the project areas to identify drill-ready targets.
The Company sees opportunities in the historical data to generate new exploration initiatives by reinterpreting historical results and recognising gold anomalies that have been overlooked. This approach to exploration by other companies in the district has led to the recent discoveries of the Invincible and Millennium gold deposits near Kalgoorlie.