Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Leeuwin Metals Ltd ( (AU:LM1) ) has issued an announcement.
Leeuwin Metals has reported the first assay results from its 2026 reverse circulation drilling campaign at the Evanston deposit within the Marda Gold Project, with shallow high-grade intercepts including 13 metres at 3.2 grams per tonne gold and 10 metres at 1 gram per tonne gold. The early results extend high-grade mineralisation about 250 metres down dip beyond the existing Evanston pit, support the potential for resource growth along the 1.6-kilometre trend, and validate downhole electromagnetic surveying as an effective targeting tool, while a fully funded 10,000-metre drill program continues with a large number of assays still pending.
The most recent analyst rating on (AU:LM1) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Leeuwin Metals Ltd stock, see the AU:LM1 Stock Forecast page.
More about Leeuwin Metals Ltd
Leeuwin Metals Ltd is an ASX-listed exploration company focused on gold development in Western Australia. Its flagship Marda Gold Project, located north of Southern Cross, hosts a global mineral resource of 342,300 ounces of gold, including the Evanston deposit, which accounts for 135,800 ounces and is characterised by shallow, sulphide-associated stratiform gold mineralisation open along strike and at depth.
Average Trading Volume: 359,974
Technical Sentiment Signal: Buy
Current Market Cap: A$24.17M
See more data about LM1 stock on TipRanks’ Stock Analysis page.