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Leeuwin Metals Ltd ( (AU:LM1) ) just unveiled an announcement.
Leeuwin Metals has reported a series of high-grade rock chip assays from the Mt King prospect at its Marda Gold Project, with multiple samples above 10g/t gold and a peak result of 39.9g/t, underscoring the high-grade potential of the area. Concurrently, reverse circulation drilling is underway at the Evanston deposit to test shallow extensions and down-dip EM anomalies along a 1.6km trend, targeting growth of the existing 135,800oz gold resource, with initial assay results expected in February. The company has appointed an Exploration Manager to lead its expanded exploration efforts and is conducting strategic reviews of its Canadian lithium and nickel-PGE projects, positioning Leeuwin to systematically advance new high-quality targets at Marda while leveraging its strong funding to pursue resource growth and potential new discoveries.
The most recent analyst rating on (AU:LM1) stock is a Sell with a A$0.18 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 primarily on gold at its Marda Gold Project in Western Australia, while also holding lithium and nickel-PGE assets in Canada, including the Cross Lake Lithium Project and William Lake Ni-PGE Project. The company is pursuing an aggressive exploration-led growth strategy, backed by solid funding, to expand existing resources and generate new discoveries across its portfolio.
Average Trading Volume: 376,324
Technical Sentiment Signal: Buy
Current Market Cap: A$23.53M
For detailed information about LM1 stock, go to TipRanks’ Stock Analysis page.