Leeuwin Metals Hits Gold Targets Outside Marda Resource

The better framework is pipeline management. Leeuwin has 55 drill holes from its own recent program awaiting assays, a resource upgrade underway across Golden Orb, Evanston and Marda Central, and a plan to drill Red Boomerang in the second half of 2026. The company is also progressing mine permitting and design work. A discovery at a regional target would confirm the strategy works. Weak assays from the pending 55 holes, or a delay in the H2 2026 drill program, would put the timeline at risk.

Executive chair Christopher Piggott said Marda continued to generate targets across the project area.

“Alongside these significant historical intercepts at Red Boomerang and Deception Hill, our regional targeting work has identified high-priority drill targets that can add meaningful ounces to the 342,300oz resource base at Marda,” Mr Piggott said. “The historical results at Red Boomerang and Deception Hill are highly encouraging, and they reinforce our view that Marda has significant exploration potential.” “In addition to the large historical database, we have 55 holes from our recent Leeuwin drilling with assays pending, and a resource upgrade underway across Golden Orb, Evanston and Marda Central.”

Leeuwin is also running separate strategic reviews for its Cross Lake lithium project and William Lake nickel-platinum group elements project. The next catalyst for Marda is the batch of pending assays, which could shift the conversation from resource growth to discovery.

For more on how juniors build gold exposure, see our commodities analysis or the gold profile.