Lexington Gold Ltd (DI) (LEX)

Sector:

Mining

Index:

FTSE AIM All-Share

3.40p
   
  • Change Today:
    -0.15p
  • 52 Week High: 6.75p
  • 52 Week Low: 3.40p
  • Currency: UK Pounds
  • Shares Issued: 398.97m
  • Volume: 480,557
  • Market Cap: £13.56m
  • RiskGrade: 361

Lexington appoints firm for maiden exploration target at Bothaville

By Josh White

Date: Monday 28 Oct 2024

LONDON (ShareCast) - (Sharecast News) - South Africa and US-focussed precious metals explorer and developer Lexington Gold announced on Monday that it has appointed Dunrose Trading 186, trading as Shango Solutions, to establish a maiden JORC 2012 exploration target for its Bothaville Project in South Africa's Free State Province.
The AIM-traded firm said the appointment also included a review and consolidation of historical exploration data for several of Lexington Gold's South African assets.

It said Shango Solutions would use data from its recent drilling activities at Bothaville to model and develop the JORC-compliant exploration target.

Additionally, Shango would review and update the historical exploration data for the company's other South African projects, including Ventersburg, Kroonstad, and Klerksdorp.

Lexington Gold said it had been internally analysing and modelling that data throughout 2024.

The company said it expected the JORC 2012 exploration target report for Bothaville, along with the comprehensive review reports for the other projects, to be completed during the fourth quarter.

"With the gold price now exceeding $2,700 per ounce, Lexington Gold is well-positioned with its gold assets in both South Africa and the US," said chairman Ed Nealon.

"The rising gold price, coupled with a favourable long-term outlook, significantly enhances the economic prospects of our projects."

Nealon said the company was also encouraged by the growing interest in its gold assets from multinational gold mining companies.

"We will keep shareholders updated on the progress made by Shango regarding the JORC 2012 exploration target for the Bothaville Project and other developments."

At 1317 GMT, shares in Lexington Gold were down 5.33% at 3.55p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

LEX Market Data

Currency UK Pounds
Share Price 3.40p
Change Today -0.15p
% Change -4.23 %
52 Week High 6.75p
52 Week Low 3.40p
Volume 480,557
Shares Issued 398.97m
Market Cap £13.56m
RiskGrade 361

LEX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.52% below the market average72.52% below the market average72.52% below the market average72.52% below the market average72.52% below the market average
72.8% below the sector average72.8% below the sector average72.8% below the sector average72.8% below the sector average72.8% below the sector average
Price Trend
38.25% below the market average38.25% below the market average38.25% below the market average38.25% below the market average38.25% below the market average
13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average13.43% above the sector average
Income Not Available
Growth Not Available

LEX Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Oct-08 26-Mar-08
Paid 24-Oct-08 25-Apr-08
Amount 4.00¢ 7.00¢

Trades for 01-Apr-2025

Time Volume / Share Price
14:41 250,000 @ 3.42p
14:49 150,000 @ 3.42p
14:45 30,000 @ 3.50p
12:15 557 @ 3.59p
11:39 50,000 @ 3.50p

LEX Key Personnel

CEO Bernard Olivier

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