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Leeuwin Metals lifts Marda gold resource 53% in six months
Leeuwin Metals lifted the Marda gold resource 53% to 378,600 ounces six months after its maiden estimate, with Evanston driving most of the growth.
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Leeuwin Metals (ASX: LM1) has upgraded the resource for its Marda project in Western Australia to 378,600 contained ounces, a 53% jump from the maiden estimate delivered in December 2025.
The updated inventory sits at 11.4 million tonnes grading 1.03 grams per tonne gold, reported above a 0.30 g/t cut-off. Within that total, Indicated resources account for 3.1 million tonnes at 1.04 g/t for 104,000 ounces, while Inferred material makes up the balance at 8.3 million tonnes and 1.03 g/t for 274,600 ounces. All of it sits on granted mining leases.
The Evanston deposit drove most of the growth. It now holds 165,500 ounces across 5.4 million tonnes at 0.96 g/t, a 22% increase from the prior estimate. A higher-grade subset of 2.4 million tonnes at 1.49 g/t for 115,400 ounces exists within that, reported at an 0.80 g/t cut-off. The upgrade incorporated data from 69 new drillholes drilled during the current campaign along a 1.6 km mineralised corridor.
Marda Central contributes 94,400 ounces at 1.25 g/t, which includes a maiden estimate at the Dugite zone of 6,600 ounces at 1.15 g/t. The other deposits in the global inventory are Die Hardy at 76,000 ounces and Golden Orb at 24,700 ounces.