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Leeuwin Metals Ltd (ASX:LM1)

ALERT: Price-sensitive ASX Announcement for LM1
Current share price for LM1 : $0.210 0.04 (23.53%)+
Announcement
Release
3 Mar 2026 8:21AM
Price at Release
$0.170
Full Release
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Summary
Leeuwin Metals Ltd has announced significant results from their ongoing drilling activities at the Evanston prospect within the Marda Gold Project in Western Australia. The step-out drilling has extended gold mineralisation beyond existing resources, indicating a potential for resource growth. The drilling program has returned several significant shallow gold intercepts within the top 100m from the surface. Highlights include holes returning 14m at 1.72g/t gold and 9m at 1.70g/t gold. The ongoing program anticipates further assays for 50 holes, and drilling is expected to continue until March, with samples being sent to Perth for analysis. The company remains optimistic about the potential for additional resource growth at Evanston and the broader Marda project.
Key Points
  • Step-out drilling at Evanston extends gold mineralisation.
  • Significant shallow gold intercepts within the top 100m from surface.
  • Highlighted drill results: 14m at 1.72g/t gold, 9m at 1.70g/t gold.
  • Ongoing RC drilling program with assays pending for 50 holes.
  • Resource growth potential supported by new drilling results.
  • Evanston part of Marda Gold Project, hosting 342,300 ounces of gold.
  • Strategic reviews planned for other high-quality projects.
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.