Leeuwin Metals expands with strategic acquisition

Leeuwin Metals (ASX:LM1) has announced its acquisition of the Marda Gold Project in Western Australia from Ramelius Resources Limited. The acquisition includes 100% ownership of Marda Operations Pty Ltd. The project spans over 500km² and is rich with known mineralization and exploration potential.

Comprehensive outlook on Leeuwin's acquisition

Leeuwin Metals has strategically acquired the Marda Gold Project, enhancing its foothold in the Western Australian Goldfields. This acquisition aligns with Leeuwin's corporate strategy to expand its mineral resources portfolio. The Marda site offers significant exploration potential with existing infrastructure and proximity to gold mills. Leeuwin plans to capitalize on this by defining high-grade zones and progressing to development swiftly. The company is poised to begin exploration work immediately, aiming to advance the project through 2025. This move not only diversifies Leeuwin’s assets but also positions it as a major player in the gold mining sector.

Executive insights on Marda acquisition

The acquisition of the Marda Gold Project represents a significant step forward in our growth strategy. It provides us with a substantial presence in the Western Australian Goldfields and aligns perfectly with our objective to expand our portfolio with high-value assets. We are excited about the exploration potential and the opportunity to rapidly advance this project from exploration to development.