Leeuwin Metals expands iron ore footprint

Leeuwin Metals (ASX: LM1) has reported encouraging results from the second phase of rock chip sampling at its West Pilbara Iron Ore Project in Western Australia. The iron ore mineralization footprint has now expanded to a 2.4 km strike, with significant grades over 50% Fe, indicating promising exploration potential.

Leeuwin Metals' strategic exploration outlook

Leeuwin Metals has announced the expansion of its iron ore mineralization footprint at the West Pilbara Iron Ore Project, with grades exceeding 50% Fe over a 2.4 km strike. The project's proximity to established operations like Rio Tinto's Mesa A mine provides a strategic advantage. The company is working towards securing the necessary agreements for the tenement grant, expected in early 2025. Leeuwin Metals plans to continue exploration activities with further mapping, sampling, and potential drilling, aiming to assess and develop the project's resource potential. These efforts reinforce Leeuwin Metals' commitment to becoming a significant player in the Pilbara iron ore sector.

Executive insights on exploration progress

We are pleased with the results from our second phase of rock chip sampling at West Pilbara. The confirmation of high-grade iron ore over a 2.4 km strike enhances the project's potential. Our strategic location near Rio Tinto's Mesa A mine and existing infrastructure is a significant advantage as we advance third-party agreements for the tenement grant, anticipated in Q1 2025. Future exploration will focus on additional mapping, rock chip sampling, and potentially drilling to further explore the identified targets.