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Very excited by Mark’s appointment and he could be just what is needed to elevate the company and the share price to the levels it should be at now, never mind where it could end up in the future given its huge potential. Up until Mark’s appointment the board has been made up of very capable individuals with huge knowledge of mining and geology but who are not necessarily particularly commercial or strong at promotion or marketing. In terms of the US assets based on gold in the ground being worth USD 100 per ounce (from what I have read in the past, albeit before gold prices rocketed to current levels) these could certainly be worth the current value of the company. Given the gold is at shallow levels, in the US and where gold prices are today I suspect they could be considerably higher! Feeling very positive about this company right now! GLA

Trek, I agree it would make a lot of sense to sell the US assets to fund the SA projects. With 210,000 proven oz in the ground and evidence of more oz from the drilling recently carried out how much do we think this is worth? 20-30MUSD (if we assume around 100USD per oz) I wonder whether they will wish to obtain an updated JORC before looking for buyers.

Very good results indeed and just a further reason why the company has serious potential. Nice to see the share price increasing slightly this morning but this is just the tip of the iceberg in terms of where the share price should be given the level of proven assets held by the company and the potential for even more substantial assets. The company does need to up its communications to shareholders and the market in general though. It also needs to speed up the delivery of its projects significantly…it’s all a bit slow right now and I wouldn’t mind being able to enjoy the fruits of my investment before I’m an old man!

Increased trades and price nicely up today…something positive is brewing…let’s see this fly…it’s long overdue!

Good to have an update as a little overdue given the announcement in March regarding the Jelani JV study. Encouraging to hear that the study has been expanded which in itself seems very positive. Looking forward to further updates in due course on this as well as the assay results from the Jennings Pioneer drilling campaign. Exciting times ahead.

It’s approaching 4 months since the announcement that Bara Consulting had been appointed to conduct an updated study on the Jelani Resources Project. The study was expected to take 3 months to complete, so an update on this must be imminent. I’m looking to this as it could be the moment when the market realises that LEX has some serious potential and is hugely undervalued! GLA DYOR

“Lexington Gold (AIM: LEX; OTCQB: LEXLF), the gold exploration and development company with projects in South Africa and the USA, is pleased to announce that its South African subsidiary, Reef Exploration (Pty) Ltd ("Reef Exploration"), has been granted a new consolidated Prospecting Right in respect of the group's Bothaville Project, located in the Free State Province, South Africa.”

Another important milestone achieved for LEX. Looking forward to more exciting news over the next few weeks and months!

I completely agree Dibs61 - in my view the current share price is a bargain and surely cannot remain at this kind of level for much longer. There is so much to like about the company’s various projects. I would have thought its US assets alone are similar in value to the current market cap and that pales into insignificance when compared to its potential SA’s assets which could be vast!

That unknown trade showing up at the end of the day (although placed early afternoon) was a buy…by me…I have full confidence in this company delivering!

Agreed Dibs61, although given the potential amount of gold involved I think the game changer in the short term will be if the Bara study in relation to the JV with Harmony is positive, leading to Jelani deciding to submit a mining application.

Nice one Egg1000, think I may buy some more myself next week. Feeling really confident that this share is an absolute bargain at the current price (and probably at a few multiples of the current price to be honest!)

“ Lexington Gold (AIM:LEX | OTCQB:LEXGF) delivered a comprehensive investor update outlining significant progress across its gold exploration portfolio in South Africa and the United States. The company reported a combined 6.2 million ounces of JORC-compliant gold resources, including a major 6Moz joint venture at the advanced Jelani Project with Harmony Gold—South Africa’s largest gold producer. Lexington also holds a JORC exploration target of up to 5.8Moz at its shallow-level Beaville Project, with additional upside from non-code-compliant assets estimated at 37Moz across its South African portfolio. U.S. operations are focused in the Carolina Slate Belt, where the Jones-Keystone-Laughlin Project has delivered a maiden JORC resource of 210,000oz, and ongoing drilling at Jennings Pioneer has yielded promising gold and tellurium grades. Lexington maintains a lean cost base, with low board remuneration and capital directed toward exploration and resource growth. Strategic options, including joint ventures and asset monetisation, are under review to unlock value without diluting shareholders. With high-grade assets, existing infrastructure access, and partnerships with tier-one operators, Lexington Gold is well-positioned to deliver near-term catalysts and long-term shareholder value through disciplined development and resource expansion. Investors are encouraged by improving South African sentiment and a robust pipeline of milestones in 2025 and beyond.”

Very encouraging presentation and it’s clear the company is massively undervalued, with various projects having huge potential. Taking a 2 year view there is a lot of money to be made here in my view!

Good to see LEX undertaking some marketing/promotion. Hopefully this will lead to new shareholder interest and an uptick in the share price which is long overdue. As a long term shareholder for me it would be interesting to understand from LEX the estimated timescales for their projects coming to fruition. I’m hoping over the next 12-18 months at least a couple of these provide real shareholder value.

I did find this LEX twitter post yesterday intriguing/interesting: “A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed deals worth billions of dollars into Africa’s most industrialized country — and more corporate action is in the pipeline.” Are they hinting that LEX could be a target for Saudi Arabian investors in the future…hopefully because they have very deep pockets! Trading the black stuff for some gold stuff.

…and there we go…an interesting and encouraging update on new drilling at their Carolina asset. Reference and parallels to the successful Haile Gold Mine is particularly insightful and the company must believe they will be able to monetise this asset to a similar extent. If the company is able to realise anywhere near that value then that will be game changing (which in itself could be a drop in the ocean compared to its South African projects!)

I agree HK1965 that the lack of promotion / publicity is frustrating but it also provides those of us with confidence in the true value of the company to buy further shares at an extremely low price. This could turn out to be an absolute bargain! We just need to be a little patient and as news begins to flow over the next few months I’m sure the price will start increasing. That said I believe true shareholder value will only be delivered once a deal is done with Harmony Gold and/or another major minor.

Thanks David, all sounds very good exciting. With LEX having potentially vast gold resources and gold prices surging with global economic uncertainty, it seems like the company is well positioned and for shareholders to benefit from this.

It should be - incredibly low value for a stock with such huge potential. Good to see a bit more trading today. Hopefully we will have some very good news soon.

A couple of interesting posts on Lex’s X feed over last day:

https://x.com/LexGoldLtd/status/1883859300029988955

https://x.com/LexGoldLtd/status/1884166924856365272

Surely it is just a question of time before the company make some fundamental announcements, which sees the share reach many multiples of its current price. The company has a huge amount of gold in its portfolio and is developing relationships and partnerships to ensure this is monetised to the benefit of its shareholders. Huge potential.