Leeuwin Metals zips ahead with drilling for gold extensions at Marda

Leeuwin Metals has started phase 2 drilling at its Marda gold project to follow-up on high-grade gold intersected in the phase 1 program.

Leeuwin Metals is continuing its breakneck pace at Marda with the start of Phase 2 gold drilling. Pic: Getty Images

• Leeuwin Metals starts Phase 2 drilling to extend high-grade mineralisation at Marda gold project

• Phase 1 drilling returned multiple shallow, thick, high-grade gold zones at Marda Central

• Company will also start regional exploration including geophysics and field mapping this month

Special Report: Leeuwin Metals has started spinning the drillbit at its Marda gold project in WA’s famed Goldfields region to extend high-grade mineralisation identified during phase 1 drilling.

The phase 1 drilling of ~2000m intersected multiple shallow, thick, high-grade gold zones, validating the geological model and extending mineralisation at the Marda Central prospect.

Notable intersections from this earlier program include:

• 16m grading 2g/t gold from a down-hole depth of 134m and 8m at 3.04g/t from
  215m;
• 22m at 1.25g/t gold from 123m including 3m at 6.3g/t and 8m at 1.01g/t from 137m;
  and
• 21m at 1.09g/t gold from 98m and 9m at 2.45g/t from 190m.

Leeuwin Metals (ASX:LM1) plans to carry out about 10,000m of drilling at Marda under the phase 2 drill program.

“The phase 1 drilling results confirmed the immense exploration upside at Marda Central,” executive chairman Christopher Piggott said.

“Given the strength of those results, we have moved quickly to start phase 2, which is aimed at creating shareholder value by extending this known mineralisation and ultimately establishing a significant gold resource.

“We are also starting to explore the wider project area, which we believe has huge potential and has been subjected to little or no modern exploration.”

Reverse circulation drill rig mobilised at Marda Central. Pic: Leeuwin Metals

Marda project

The company’s rapid pace at Marda since its acquisition from Ramelius Resources (ASX:RMS) in late March 2025 is a clear sign of its prospectivity amidst near record gold prices.

Marda covers 500km2 of mining, exploration and prospecting licences north of Southern Cross in WA.

It holds a broad target base across four main areas – Marda Central, Marda North, Marda South and Marda West – featuring varying stages of exploration maturity including resource definition, historical workings, geochemical anomalies and untested concepts.

Marda Central covers a 3km trend with four existing pits and mineralisation hosted in BIF and quartz veining with sulphide associations.

The phase 2 program will run over the coming weeks to both step-out from and infill the most prospective zones.

Results from this program are expected in the September quarter.

Watch: First drilling strikes high-grade gold

Pending the outcome, LM1 will assess the next stage of work including detailed geological modelling, additional follow-up drilling and commencement of resource estimation workstreams.

The company will also start regional exploration this month. This will include geophysics and field mapping to test extensions to the mineralised trend.

This article was developed in collaboration with Leeuwin Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Leeuwin Metals zips ahead with drilling for gold extensions at Marda