Mining

Leeuwin Metals Strikes Multiple High-Grade Gold Hits at Marda Project in WA

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By Colin Hay - 
Leeuwin Metals ASX LM1 Multiple High-Grade Gold Hits Marda Project
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Leeuwin Metals (ASX: LM1) has made a number of high-grade gold hits as it continues to focus on its new Marda project in Western Australia.

The company’s latest drilling vindicated its strategy to expand the known resources at the Python prospect within the project’s Marda Central zone.

Drilling at Python returned multiple gold intersections such as 5 metres at 5.0 grams per tonne from 229m to end-of-hole, including 1m at 10.0g/t gold from 231m.

Continued Marda Growth

Executive chair Christopher Piggott said the drilling at Marda Central would provide Leeuwin with important information in the lead-up to the release of a maiden mineral resource estimate later in 2025.

“This is our second drilling campaign at Marda, and results continue to demonstrate strong down-dip continuity of mineralisation at Marda Central,” Mr Piggott said.

“Surface exploration has also expanded, with mapping and sampling identifying multiple historical workings that may represent a previously untested style of mineralisation.”

Exploration Focus

Marda was the major focus of Leeuwin’s exploration activities during the recent June quarter, with the company successfully completing back-to-back drill programs at the project.

After finalising Marda’s acquisition from Ramelius Resources (ASX: RMS) earlier this year, Leeuwin has continued to accelerate desk-top and ground-based activities using funds raised via the $3.25 million share placement it completed in January.

Leeuwin has so far collected more than 120 rock chips across 11 target areas at the project, with further work underway to refine drill targets at Marda Central and Evanston, where the company has scheduled additional reverse circulation drilling in August.

New Evanston Target

Located approximately 50km north of Marda Central, the Evanston area hosts historical workings along a folded greenstone sequence, with limited modern exploration.

Leeuwin prioritised Evanston for drilling during the June period, following its review of a 1.6km mineralised trend with multiple shallow, unmined high-grade gold zones beneath the historical open pit, including 5m at 17.6g/t and 6m at 11.8g/t.

The company believes Evanston is emerging as a compelling high-grade system within the broader Marda project.

“Our strategy is to build resource inventory quickly by targeting extensions to known systems, backed by a strong historical dataset—we’re clear on the objective, which is to build a gold position that delivers ounces,” Mr Piggott said.