Overview of Leeuwin Metals Ltd's Quarterly Activities Report

Leeuwin Metals Ltd (ASX: $LM1) has released its Quarterly Activities report for the period ending 31 March 2024, highlighting significant progress in its Cross Lake Lithium Project in Manitoba, Canada, and the William Lake Nickel Project. The company also provided updates on its Western Australian projects and corporate activities. Leeuwin reported a cash and cash equivalents balance of $2.1 million as of 31 March 2024.

Executive Commentary on Quarterly Activities

During the quarter, our primary focus has been on advancing the drill permit at the Cross Lake lithium project where there is significant potential for the Company to define a large-scale lithium system. Additionally, I've had the opportunity to spend time in Manitoba, engaging with local community members and further solidifying our relationship as we move forward with the project. Leeuwin is well placed to advance exploration activities with a strong cash balance and a focused team executing the exploration programs in Canada and Western Australia.

Summary of Quarterly Activities and Outlook

Leeuwin Metals has made substantial progress in advancing its Cross Lake Lithium Project, with plans to commence drilling to test multiple spodumene pegmatites. The company also reported a review underway with Glencore to assess high-grade Nickel and Platinum Group Elements at the William Lake Nickel Project. In Western Australia, the interpretation of a 9.5km trend of elevated Rare Earth Elements (REE) anomalism at the Gascoyne Project has been a key focus. Leeuwin's strong cash balance and ongoing engagement with local communities position the company well for future exploration activities. With a focus on critical metals vital for electric vehicles and renewable energy, Leeuwin is committed to contributing to the global shift towards decarbonisation and electrification, working towards a greener future.