Leeuwin Metals (ASX: $LM1) Quarterly Activities Report highlights

Leeuwin Metals Ltd (ASX: $LM1) has reported a cash balance of $2.04 million as of 30 June 2024, down from $2.1 million on 31 March 2024. The company received an initial C$100k government grant under the Manitoba Mineral Development Fund and has commenced summer field work at the Cross Lake Lithium Project in Manitoba, Canada. Leeuwin is also making progress with its Western Australian projects, having applied for additional tenure in areas prospective for lithium, gold, iron, and rare earth elements.

Managing Director, Christopher Piggott, on company's progress

During the quarter, we were pleased to receive a letter of endorsement from the local community to commence activities on the Cross Lake lithium project. This endorsement is particularly meaningful given the potential for a large-scale lithium opportunity in the region. Since the quarter's end, we are excited to have kicked off our 2024 summer field program and continue advancing the drill permit with the Manitoba permit office. Additionally, we have been busy exploring ways to extract additional value for shareholders by increasing and expanding our presence in our Western Australian projects. Leeuwin is well-positioned to advance exploration activities with a strong cash balance and a focused team executing exploration programs in both Canada and Western Australia.

Outlook for Leeuwin Metals

Leeuwin Metals Ltd has made significant progress in its lithium and nickel projects in Canada and Western Australia. The company's Cross Lake Lithium Project in Manitoba, Canada, presents a large-scale opportunity, with summer field work underway and a planned drill program later in the year. Leeuwin is also actively exploring ways to increase and expand its presence in Western Australian projects, with applications made for additional tenure in areas prospective for lithium, gold, iron, and rare earth elements. With a strong cash balance and a focused team, Leeuwin is well-positioned to advance exploration activities and contribute to the global shift towards decarbonisation and electrification.