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Leeuwin Metals Ltd (ASX:LM1)

ALERT: Price-sensitive ASX Announcement for LM1
Current share price for LM1 : $0.180 -0.01 (-5.26%)+
Announcement
Release
6 Oct 2025 9:59AM
Price at Release
$0.190
Full Release
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Summary
Leeuwin Metals Ltd (ASX: LM1) has announced significant high-grade gold discoveries from their first drilling program at the Evanston Prospect within the Marda Gold Project, Western Australia. The shallow high-grade gold intersections, including 9m at 5.23g/t and 8m at 6.05g/t, reflect the potential for a major discovery. The drilling aimed to confirm historical data, expand mineralisation, and identify new targets. Initial assays have demonstrated a high-grade system, supported by down hole electromagnetic surveys that identified new conductive target areas. Assays for 31 additional drill holes are pending, with further exploration and drilling planned. The company anticipates releasing a maiden resource estimate for the Marda Gold Project by the end of the year.
Key Points
  • Shallow high-grade gold intersections discovered at Evanston Prospect.
  • Significant drill results include 9m at 5.23g/t and 8m at 6.05g/t gold.
  • First large-scale drill program completed at Evanston in over 20 years.
  • Down Hole Electromagnetic (DHEM) surveys identified new target areas.
  • Assays for 31 additional drill holes are pending.
  • Leeuwin plans further drilling and exploration at Evanston.
  • Maiden mineral resource estimate for Marda Gold Project is anticipated before year-end.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.