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Highlights:
Leeuwin Metals Ltd advances Phase 2 drilling at Marda Central following standout gold intercepts.
The recent drilling program successfully identified high-grade gold zones beyond the shallow open pit.
Leeuwin’s 100%-owned Marda Gold Project shows expanding mineralisation across a 3-kilometre trend
Leeuwin Metals Ltd (ASX:LWM) has announced significant progress at its Marda Gold Project in Western Australia, with standout results from its maiden drilling campaign at Marda Central. The company has been a key player in the mining sector, with a focus on critical minerals. Despite this, its latest activities in gold exploration have garnered attention following promising drill results that highlight the extent of the mineralised zones at Marda Central.
Outstanding Results from Initial Drilling Campaign
Leeuwin Metals’ recent 2,000-metre reverse circulation (RC) drill program at Marda Central has delivered several significant high-grade gold intersections. The results have confirmed the validity of the company’s geological model and revealed exciting exploration potential outside the limits of the historic open pit. These assays, which include substantial gold intercepts at various depths, further demonstrate the gold system’s broader potential.
Key Drill Intercepts
Among the most notable results are intercepts from holes MGRC0006, MGRC0004, MGRC0003, and MGRC0002. These drill holes returned multiple high-grade gold hits, showcasing broad, shallow zones with mineralisation extending beyond the existing pits. The company highlighted these as strong validation for the ongoing drilling effort and emphasized their role in supporting further exploration and development at Marda Central.
Expanding Exploration at Marda Central
With these promising results in hand, Leeuwin is committed to accelerating its Phase 2 drilling program. The company has already secured the necessary drill rig, and drilling is expected to ramp up in the coming weeks. The primary focus of the next phase is to explore further mineralised extensions along the banded iron formation (BIF)-hosted trend, which has already shown considerable promise during this recent drilling campaign.
Geological Context of Marda Central
Marda Central is part of the broader Marda Gold Project, which spans a 3-kilometre trend and features several existing pits. These pits are known to host mineralisation within BIF and quartz veining, with sulphide associations further strengthening the geological model. This latest drilling campaign has successfully extended the mineralisation beyond these shallow pits, uncovering new zones that could provide significant value as the project advances.
Next Steps and Broader Exploration Efforts
Looking beyond Marda Central, Leeuwin Metals is also focusing on other areas within its Marda Gold Project, including the Evanston Project located around 50 kilometres to the north. While ongoing exploration at Marda Central remains the top priority, the company plans to initiate drilling at Evanston later in the 2025 field season. This will target structurally hosted gold in a separate greenstone package, expanding Leeuwin's reach across its gold assets.
Despite Leeuwin Metals’ primary focus on critical minerals such as lithium and nickel, the company sees strategic value in advancing its gold projects. This diversification approach is aimed at generating near-term value as the company continues to develop its portfolio.
Future Exploration and Growth
With Phase 2 drilling scheduled to follow the promising results from the initial campaign, Leeuwin is poised to continue expanding its understanding of the Marda Gold Project. As the drilling progresses, further assays are expected to enhance the overall geological model, possibly unlocking additional gold resources within the region.
Leeuwin’s recent exploration activities further strengthen the company’s position as it pushes forward with its Marda Gold Project. The company's ongoing work serves to expand its footprint within Western Australia's gold sector, where mineral-rich deposits continue to offer potential for future discoveries.
