Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Leeuwin Metals Ltd (ASX: LM1) has successfully completed the first phase of its maiden RC drilling program at the Marda Gold Project in Western Australia, completing around 2,000 metres of drilling at Marda Central. This initial campaign targeted shallow, high-grade gold zones adjacent to historical open pits and forms part of a broader 10,000m drilling initiative planned for 2025. The company now awaits assay results, expected within 3–6 weeks, which will inform the next phase of exploration targeting deeper and strike extensions.Historical drilling review has highlighted unmined gold mineralisation over a 3km strike, reinforcing the project’s strong potential. Key past intercepts include 62m @ 1.94g/t Au and 11m @ 6.9g/t Au. Leeuwin is also reviewing additional brownfield areas such as Evanston and King Brown. With excellent infrastructure and location advantages, Marda is positioned as a promising growth asset in Leeuwin’s expanding exploration portfolio.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.