Leeuwin Metals Kicks Off Maiden Drilling Program at Marda Gold Project

About Leeuwin Metals Limited

Leeuwin Metals Limited (ASX: LM1), founded in 2021 in Australia and headquartered in Subiaco, Western Australia, is a diversified exploration company focused on advancing precious and battery metals projects across Western Australia and Canada. The company’s portfolio includes the Marda Gold Project and the West Pilbara Iron Ore Project in Western Australia, alongside nickel, copper, PGE, and lithium projects in Canada. Leeuwin’s exploration strategy targets high-value commodities essential to energy transition and industrial supply chains. The company’s shares are currently trading at $0.12 per share.

Commencement of Marda Gold Project Drilling

The start of drilling at Marda comes just over a week after Leeuwin completed the acquisition of the project, highlighting the company’s determination to deliver rapid news flow and advance the project swiftly. The initial program will consist of approximately 2,000 metres of reverse circulation (RC) drilling focused on Marda Central, testing for extensions of known shallow, high-grade mineralisation adjacent to historical open pits.

This marks the first phase of a broader 10,000m drilling campaign planned for 2025, which will systematically target multiple priority areas across the project. In addition to the ongoing drilling, Leeuwin is completing a detailed review of historical data, which is expected to be finalised later this month. The review aims to validate existing targets and identify new zones of mineralisation, with results expected to further enhance drill targeting.

Executive Chairman Christopher Piggott commented, “To be drilling at Marda just over a week after completing the acquisition reflects our determination to generate results and newsflow in a timely manner. This first program will test high-priority extensions at Marda Central, where historical drilling has delivered some exceptional results. We believe this area is extremely prospective and we look forward to the first assays.”

Marda Gold Project Overview

The Marda Gold Project covers more than 500km² of granted mining, exploration, and prospecting licences within Western Australia’s highly productive Goldfields region. The project is located approximately 120km north of Southern Cross and is easily accessible via sealed and gravel roads, with proximity to existing processing infrastructure.

Marda hosts eight historical open pits and numerous high-priority exploration targets. The project is considered to have both near-mine and greenfield potential, with several zones showing signs of underexplored mineralisation. Key target areas include Marda Central, Marda North, Marda South, and Marda West, each representing varying stages of exploration maturity. This broad target base positions Leeuwin to undertake multiple exploration programs throughout 2025.

Strategic Positioning and Infrastructure Advantage

One of Marda’s key advantages is its location within trucking distance of several processing facilities, giving Leeuwin optionality in future development scenarios. The project also benefits from well-established infrastructure, including haul roads, regional service centres, and access to power and water, all of which reduce potential development timelines and capital requirements.

The combination of historical high-grade results, regional prospectivity, and logistical advantages provides Leeuwin with a strong platform for success as it advances its staged exploration program throughout the year.

Outlook for Leeuwin Metals

As drilling progresses, Leeuwin Metals is expected to provide regular updates on exploration results, including assay results from the maiden program at Marda Central. The company’s strategy is to build a pipeline of drill-ready targets and advance them through resource definition and potential development studies.

Investors will closely monitor the completion of the historical data review, results from the initial drill campaign, and Leeuwin’s broader 2025 exploration activities, which could unlock further value from this underexplored gold system. With a strong balance sheet and diversified portfolio of precious and critical metals assets, Leeuwin is well positioned for a news-rich and growth-focused year ahead.