Leeuwin Metals Ltd is gearing up for a phase one exploration program at the Marda Gold Project in the Eastern Goldfields of Western Australia, having engaged a drilling contractor and submitted a program of works for the first round of drilling.
The company’s acquisition of Marda is also advancing, set to be finalised at a shareholder meeting on March 17, 2025, after which exploration will begin as soon as possible.
Having undertaken an extensive data review and target generation program, LM1 is planning a 10,000-metre multi-phase drilling program funded by a recent $3.25 million share placement.
“Outstanding” exploration opportunity
“We have secured an outstanding opportunity with the acquisition of Marda and we are ready to hit the ground running,” Leeuwin Metals executive chair Christopher Piggott said.
“We have hired a senior geologist and engaged a drilling contractor. In addition, we have submitted a program of work and applied for additional tenure surrounding the existing Marda leases.
“We believe Marda has significant exploration potential and our work so far supports this view. We look forward to commencing the upcoming drilling program.”
Once the acquisition is finalised, Leeuwin will mobilise its drilling crews and equipment to begin the 2025 exploration program at Marda.
The initial focus will be on high-priority targets, including extensions of previously mined pits and untested anomalies identified with an analysis of historical data already available.
About Marda
Marda Gold Project spans more than 500 square kilometres of granted mining, exploration and prospecting leases, 120 kilometres north of Southern Cross.
The project hosts eight open pits and numerous historical workings, with significant exploration potential highlighted by multiple high-priority targets requiring immediate follow-up work.
Leeuwin will prioritise the vast under-explored high-grade potential across the project which remain open and require immediate follow-up drilling.