LM1 is aggressively testing high priority extensions at its flagship Marda Gold project, a 500km² tenement package in one of WA’s richest gold regions – and where the company just defined an MRE of 342.3koz at 1.05g/t Au – which was completed in 9 months at under $10/oz. Within this are a number of prospects that contain high-grade sections which have high priority targets currently being or about to be drilled, such as the 96.4koz at 1.52g/t core at Evanston, 87.7koz at 1.26g/t Au at Marda Central and 25.7koz at 1.56g/t Au at Golden Orb. 

Surrounded by under-capacity mines in the heart of WA gold mining country, Marda was acquired by Ramelius Resources (ASX: RMS) for $13 million in 2018, when gold was just US$1,200/oz, before it produced 143koz at 1.9g/t Au between 2019 and 2023. RMS established haulage routes to transport ore 191km from Marda down to its state of the art 2.9Mt mill Edna May, where it formed a crucial source of mill feed that contributed to the facility’s $1,500-$2,000/oz AISC during Marda’s four years of production. It is currently laying dormant in care and maintenance, waiting for the right ore sources to become available – which is what LM1 is working tirelessly to achieve.

LM1’s drilling campaign at Evanston commenced only 3 weeks ago just hit 13m at 3.2g/t Au from 91m including 3m at 10.5g/t Au from 93m, and 10m at 1g/t Au from 96m, which follows previous assays of 7m at 3.55g/t Au from 17m, 9m at 5.23g/t Au from 57m and 11m at 3.12g/t Au from 85m. The latest results also further validate DHEM as an extremely effective targeting tool, because it sulphide-associated stratiform gold mineralisation in laminated cherts within a broad folded sequence.

Read our latest coverage on LM1

• FRS Builds Stake in LM1 after Buying Edna May for $300m13th July 2026
  A crown jewell of WA’s gold mining sector has been acquired, and Leeuwin Metals (ASX: LM1) owns the exact type of deposit that is the key to unlocking extraordinary value out of Edna May’s 2.9Mt processing plant. Ore from Marda was last mined and transported to the plant for processing in 2023, via haulage roads… Read more: FRS Builds Stake in LM1 after Buying Edna May for $300m
• Development MOU and Aggressive On Market Buying Makes LM1 a Prime WA Takeover Target17th June 2026
  The West Australian goldfields are turning into the latest battleground between producers and developers alike, with the economics of many deposits too attractive to ignore around the current gold price of US$4,330/oz, despite the market not pricing much of this in – and Leeuwin Metals (ASX: LM1) is in the perfect position to extract maximum… Read more: Development MOU and Aggressive On Market Buying Makes LM1 a Prime WA Takeover Target
• Assays Demonstrate Resource Growth Potential, Drilling Commences at LM1’s Marda Central8th May 2026
  The latest assays from the Evanston and Gold Orb prospects at Leeuwin Metals’ (ASX: LM1) Marda Gold project have rolled in, reaffirming the strong growth potential of the 342.3koz resource that was previously mined by Ramelius Resources (ASX: RMS) to the tune of 143koz between 2019 and 2023 – and which LM1 is aiming to… Read more: Assays Demonstrate Resource Growth Potential, Drilling Commences at LM1’s Marda Central
• LM1 Expands WA Gold Resource Footprint While Hunting New Discoveries24th March 2026
  The first round of assays after our initiation on Leeuwin Metals (ASX: LM1) have rolled in, and they hit the extension that was hoped for at Evanston – recording 14m at 1.72g/t Au from 98m including 3m at 4.75g/t Au from 98m, as well as 9m at 1.70g/t Au from 77m including 4m at 3.01g/t… Read more: LM1 Expands WA Gold Resource Footprint While Hunting New Discoveries
• Ex-RMS WA Gold Deposit Targeting Production Worthy Resource Upgrade5th February 2026
  Surrounded by under-capacity mines in the heart of WA gold mining country is a deposit that Ramelius Resources (ASX: RMS) acquired for $13 million in 2018, when gold was just US$1,200/oz, before mining 143koz at 1.9g/t Au between 2019 and 2023. Leeuwin Metals (ASX:LM1) acquired the 500km2 project at the end of 2024 and brought… Read more: Ex-RMS WA Gold Deposit Targeting Production Worthy Resource Upgrade