Leeuwin Metals Ltd (ASX: LM1) has completed the acquisition of the Marda Gold Project in WA’s Eastern Goldfields following shareholder approval on March 17, 2025. With this milestone, the company is set to commence its maiden drilling program in the coming weeks, supported by an AU$3.25 million share placement.
Fieldwork and site preparation begin this week, alongside a comprehensive database review to refine high-priority drill targets. The company plans to drill 10,000m this year, targeting under-explored high-grade zones across the 500km² project area, which includes eight open pits and historical workings.
Drilling contractors have been engaged, and the upcoming program aims to extend known mineralisation and identify new targets. Leeuwin remains focused on unlocking the full potential of the Marda Gold Project to create long-term value for shareholders.
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