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Highlights

  • Leeuwin Metals is set to begin its first drilling program at the Marda Gold Project
  • The company plans a 10,000m drilling campaign this year, funded by a recent share placement
  • Marda Gold Project covers 500km² with multiple high-priority drilling targets

Leeuwin Metals Ltd (ASX: LM1) is preparing to launch its maiden drilling program at the Marda Gold project, located in Western Australia’s Eastern Goldfields. Drilling is set to commence in the coming weeks, following shareholder approval of the Marda acquisition, which was granted on March 17, 2025.

In parallel with the drilling program, Leeuwin is conducting a comprehensive review of the Marda Central database. The goal is to refine and prioritize drill targets, with the review nearing completion. Once finalized, the company plans to provide further updates on its findings. This review follows a significant effort to consolidate historical data and generate new exploration targets since the acquisition agreement was signed in December 2024.

Leeuwin intends to drill 10,000 meters at Marda during the 2025 calendar year, with funding secured from a recent $3.25 million share placement, as announced in January 2025. This funding will support the exploration program, which aims to explore the significant potential of the Marda Gold Project.

The Marda Gold Project spans over 500km² of granted mining, exploration, and prospecting leases, located 120km north of Southern Cross. The project area includes eight open pits and numerous historical workings. Leeuwin has identified several high-priority targets that require immediate follow-up work, particularly in the vast under-explored areas known for their high-grade potential. These areas remain open and present an opportunity for further discovery.

Christopher Piggott, Executive Chairman of Leeuwin Metals, emphasised the company’s readiness to begin the exploration work. "We have worked hard to ensure that we can implement our exploration strategy immediately upon completion of the acquisition," said Piggott. "We are looking forward to testing some of the targets we have identified and advancing the project."