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The latest update is out from Leeuwin Metals Ltd ( (AU:LM1) ).
Leeuwin Metals reported an active March 2026 quarter, highlighted by a 10,000-metre reverse circulation drilling campaign at the Evanston deposit within its Marda Gold Project, which delivered strong shallow, high-grade gold intercepts extending mineralisation along strike and down-dip beyond the existing 135,800-ounce Evanston Resource. Additional high-grade rock chip results from the nearby Mt King prospect further underscored the broader project’s gold potential, while strategic reviews of the company’s Canadian lithium and nickel-PGE assets and a $5 million quarter-end cash balance position Leeuwin to prioritise accelerated Marda exploration and potential resource growth for stakeholders.
The company completed drilling at Evanston with assays pending for about 50 holes, and it plans to commence drilling at Marda Central as part of a broader development pathway for the project. Operationally, Leeuwin also strengthened its exploration capability through new management appointments and ongoing target generation, supporting its core objective of expanding resources and enhancing its position in the Western Australian gold sector.
More about Leeuwin Metals Ltd
Leeuwin Metals Ltd is an Australia-based minerals exploration company focused on gold and critical minerals projects. Its flagship asset is the Marda Gold Project in Western Australia’s Yilgarn Craton, where it is advancing a 342,300-ounce gold Mineral Resource, alongside lithium and nickel-PGE projects in Canada under strategic review.
Average Trading Volume: 186,381
Technical Sentiment Signal: Hold
Current Market Cap: A$19.72M
For an in-depth examination of LM1 stock, go to TipRanks’ Overview page.