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Leeuwin Metals Ltd ( (AU:LM1) ) has shared an announcement.
Leeuwin Metals has commenced a 10,000-metre reverse circulation drilling campaign at the Evanston deposit within its Marda Gold Project in Western Australia, targeting extensions to the current 135,800-ounce resource there and aiming to grow the broader 342,000-ounce project inventory. The program will test shallow extensions, down-dip electromagnetic anomalies and high-grade shoots indicated by prior drilling, with first assay results expected in February 2026, and the company notes it is well funded to pursue this aggressive step-out strategy, which could enhance Marda’s scale and strengthen Leeuwin’s growth position in the Southern Cross gold region.
The most recent analyst rating on (AU:LM1) stock is a Hold with a A$0.16 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 Australian exploration company focused on developing its Marda Gold Project near Southern Cross in Western Australia. The project hosts a 342,000-ounce gold resource on existing mining leases, with the Evanston deposit forming a key part of the current resource base and offering significant potential for further high-grade, near-surface discoveries in one of Western Australia’s premier gold belts.
Average Trading Volume: 364,948
Technical Sentiment Signal: Sell
Current Market Cap: A$19.08M
For a thorough assessment of LM1 stock, go to TipRanks’ Stock Analysis page.