Leeuwin Metals prepares for maiden drilling at Marda Gold Project

SUBIAKO: Leeuwin Metals Ltd. (ASX: LMI) announced it is set to begin its first drilling program at the Marda Gold Project in Western Australia’s Eastern Goldfields after completing its acquisition of the site. Shareholders approved the deal on March 17, clearing the way for field work to start this week. 

The company plans to drill 10,000 meters this year, targeting high-priority areas identified through a review of historical data. The $3.25 million share placement completed in January will fund the exploration. 

Located 120 kilometers north of Southern Cross, the Marda Gold Project covers more than 500 square kilometers and includes eight open pits and multiple historical mining sites. Leeuwin aims to explore underdeveloped high-grade gold potential across four key zones: Marda Central, North, South, and West. 

“We received overwhelming support from shareholders and are now finalizing preparations for drilling,” said Executive Chairman Christopher Piggott. “Our team has worked hard to advance target identification, and we’re eager to begin testing these areas.” 

Historical production at Marda, as reported by Ramelius Resources, totaled 143,000 ounces of gold from 2.33 million tons at 1.90 grams per ton. Leeuwin’s initial focus will be on follow-up exploration near existing pits and untested geochemical anomalies. 

The company also holds exploration projects in iron ore, nickel, copper, and lithium across Western Australia and Canada.