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Lefroy Exploration Ltd.
(Sydney:LEX)
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Rating:43Neutral
Price Target:
AU$0.12
â–¼(-27.50% Downside)
Action:Reiterated
Date:09/26/26
The score is held down primarily by weak fundamentals (pre-revenue profile with ongoing losses and persistent cash burn) and bearish technical positioning (price below key moving averages with negative MACD and low RSI). A relatively supportive equity-funded balance sheet partially offsets these risks, while valuation is difficult to assess meaningfully due to negative earnings and no stated dividend yield.
Positive Factors
Equity-funded balance sheet
A sizeable equity base means the company is largely equity-funded, providing a stronger financial platform than its loss-making profile alone would suggest. This capital structure can support exploration activity and gives management more flexibility while assets are advanced toward potential resource definition.
Negative Factors
Pre-revenue business model
The absence of a meaningful revenue base limits earnings quality and means operating progress is not currently supported by recurring sales. Lefroy must advance exploration assets toward resource definition before a conventional production-based revenue model can emerge, leaving outcomes dependent on exploration success.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity-funded balance sheet
A sizeable equity base means the company is largely equity-funded, providing a stronger financial platform than its loss-making profile alone would suggest. This capital structure can support exploration activity and gives management more flexibility while assets are advanced toward potential resource definition.
Read all positive factors
Lefroy Exploration Ltd. (LEX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$30.49M
Dividend Yield65.74%
Average Volume (3M)154.04K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue GrowthN/A
EPS Growth26.05%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding277,220,120
10 Day Avg. Volume97,734
30 Day Avg. Volume154,042
Financial Highlights & Ratios
PEG Ratio0.56
Price to Book (P/B)1.12
Price to Sales (P/S)0.00
P/FCF Ratio-16.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lefroy Exploration Ltd. Business Overview & Revenue Model
Company Description
Lefroy Exploration Limited is a company focused on the exploration and appraisal of mineral properties throughout Western Australia, with a particular emphasis on discovering gold, copper, and nickel deposits. A key asset in its portfolio is the w...
How the Company Makes Money
Lefroy Exploration Ltd.’s revenue model is not consistently based on recurring operating sales in the way a producer would be; as an exploration-focused company, it typically funds operations through capital markets and seeks to create value by ad...
Lefroy Exploration Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 10.00K |
| Gross Profit | -718.00K | -72.00K | -97.00K | -81.00K | -57.00K |
| EBITDA | -1.34M | -2.50M | -3.08M | -2.91M | -2.31M |
| Net Income | -2.14M | -2.57M | -3.19M | -3.00M | -2.38M |
Balance Sheet | |||||
| Total Assets | 30.89M | 25.75M | 24.99M | 21.37M | 20.44M |
| Cash, Cash Equivalents and Short-Term Investments | 3.10M | 1.68M | 1.35M | 442.00K | 4.25M |
| Total Debt | 2.73M | 114.00K | 175.00K | 236.00K | 295.00K |
| Total Liabilities | 4.89M | 769.00K | 973.00K | 1.25M | 1.44M |
| Stockholders Equity | 26.00M | 24.98M | 24.02M | 20.13M | 19.00M |
Cash Flow | |||||
| Free Cash Flow | -1.81M | -1.46M | -5.88M | -7.07M | -5.62M |
| Operating Cash Flow | -1.72M | -1.45M | -2.83M | -1.83M | -1.67M |
| Investing Cash Flow | -2.43M | -1.24M | -2.10M | -5.24M | -3.39M |
| Financing Cash Flow | 5.57M | 3.02M | 5.84M | 3.26M | 5.95M |
Lefroy Exploration Ltd. Technical Analysis
Neutral
0.16
Price Trends
0.13
Negative
0.13
Negative
0.18
Negative
Market Momentum
>-0.01
Positive
42.71
Neutral
39.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LEX, the sentiment is Neutral. The current price of 0.16 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.71 is Neutral, neither overbought nor oversold. The STOCH value of 39.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:LEX.
Lefroy Exploration Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$25.90M | -7.55 | -5.21% | 141.42% | ― | -2533.33% | |
45 Neutral | AU$37.46M | -21.00 | -69.59% | ― | ― | 5.26% | |
43 Neutral | AU$30.49M | -13.48 | -8.50% | 65.74% | ― | 26.05% | |
42 Neutral | AU$52.53M | -3.39 | -33.02% | ― | -100.00% | 80.38% | |
42 Neutral | AU$46.76M | -48.67 | -3.47% | ― | 185.18% | 80.00% |
* Basic Materials Sector Average
AU:LEX
Lefroy Exploration Ltd.
0.12
-0.05
-31.43%
AU:PNN
PepinNini Minerals Limited
0.13
0.03
34.02%
AU:ZNC
Zenith Minerals Limited
0.07
-0.06
-45.93%
AU:VMC
Venus Metals Corporation Limited
0.12
0.06
103.39%
AU:ARD
Argent Minerals Limited
0.02
-0.01
-38.24%
Lefroy Exploration Ltd. Corporate Events
Lefroy Exploration Details Governance Structure in 2026 Annual Report
Sep 23, 2026
Lefroy Exploration Limited has released its annual report for the year ended 30 June 2026, outlining its corporate governance and administrative framework as an ASX-listed entity. The report details the company’s registered offices in Austra...
Lefroy Exploration Updates ASX Corporate Governance Disclosures
Sep 23, 2026
Lefroy Exploration has lodged its updated corporate governance statement and accompanying Appendix 4G for the year ended 30 June 2026, confirming board approval as of 23 September 2026. The disclosures outline how the company aligns with ASX Corpo...
Lefroy expands Mt Martin study to include Burns as Lucky Strike approvals advance
Sep 17, 2026
Lefroy Exploration is expanding the scoping study for its Mt Martin Gold Project to assess integrating the high‑grade portion of the nearby Burns gold system, aiming to create a centralised regional processing model and optimise combined pro...
Lefroy Exploration Raises Capital via Director Share Placement
Aug 27, 2026
Lefroy Exploration Ltd. has issued 2,540,560 new fully paid ordinary shares at $0.125 per share to certain directors, raising $317,570 before costs under a previously approved placement. The company has lodged the required notice under section 708...
Lefroy Exploration Expands ASX-Quoted Share Capital
Aug 27, 2026
Lefroy Exploration Ltd. has applied for quotation of 2,540,560 new ordinary fully paid shares on the Australian Securities Exchange, effective August 27, 2026. The issuance, linked to previously announced transactions, modestly increases the compa...
Lefroy Director James Knowles Increases Indirect Shareholding
Aug 6, 2026
Lefroy Exploration Limited has reported a change in the relevant interests of director James Knowles in the company’s securities. The notice to the ASX details that his interests are held indirectly through entities including Fecund Pty Ltd ...
Lefroy Exploration flags Mt Martin gold growth potential with high-grade hits
Aug 4, 2026
Lefroy Exploration has reported significant high-grade gold assay results from a recent reverse circulation drilling campaign at its Mt Martin Gold Deposit in Western Australia. The program targeted the Main, East and Adelaide shear zones and deli...
Lefroy Exploration Shareholders Back Capital Placement and Director Share Issues
Jul 31, 2026
Lefroy Exploration Ltd. has reported that all resolutions put to shareholders at its 31 July 2026 general meeting were passed by poll, including ratification of a prior placement of shares. The voting results show strong majority support for the c...
Lefroy Exploration bolsters cash position to fund ongoing exploration
Jul 31, 2026
Lefroy Exploration reported a net operating cash outflow of A$406,000 for the June 2026 quarter and A$1.52 million for the year, driven mainly by staff and corporate costs, with modest interest income partially offsetting expenses. The company als...
Lefroy Exploration Reaffirms 1 Moz High-Grade Gold Resource Base
Jul 21, 2026
Lefroy Exploration Ltd. has released a conference presentation outlining its strategy to unlock value from one million ounces of high-grade, shallow gold resources. The document includes standard disclaimers on investment advice and highlights the...
Lefroy Exploration Adds Director James Knowles, Discloses Indirect Shareholdings
Jul 7, 2026
Lefroy Exploration Limited has announced the appointment of James Knowles as a director, effective 7 July 2026, marking a change in the board composition. This governance update is formally lodged with the ASX under listing rule 3.19A.1, signallin...
Lefroy Exploration Strengthens Board With Appointment of Geologist James Knowles
Jul 6, 2026
Lefroy Exploration Ltd. has appointed experienced geologist James Knowles as an independent non-executive director, strengthening the board’s technical and strategic capabilities across exploration, resource evaluation and project developmen...
Lefroy launches Mt Martin Scoping Study to advance gold growth strategy
Jun 29, 2026
Lefroy Exploration has launched a Scoping Study for its 100%-owned Mt Martin Gold Project in Western Australia, appointing the Measured Group to lead the work following an updated high-grade mineral resource of 9.1 million tonnes at 1.6 grams per ...
Lefroy Exploration moves shareholder meeting communications online
Jun 29, 2026
Lefroy Exploration Ltd has convened a general meeting of shareholders to be held at its West Perth head office on 31 July 2026, with a strong emphasis on shareholders lodging directed proxy votes in advance. The company is moving away from routine...
Lefroy Exploration calls July 2026 meeting to ratify placements and approve director share issues
Jun 29, 2026
Lefroy Exploration Limited has called a general meeting of shareholders for 12.30pm AWST on 31 July 2026 at its West Perth head office, setting the record date for voting as 5.00pm AWST on 29 July 2026. Shareholders are encouraged to attend or lod...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.