Leeuwin lands huge regulatory milestone that leaves Marda with 100% of resources across granted leases

• Leeuwin has now consolidated 100% of the Marda Gold Project resources across all granted mining leases in the WA area.
• Current 10,000-metre drilling has yielded significant intercepts.
• Use of DHEM surveys, RC drilling targeting shallow, high-grade extensions.

Leeuwin Metals (ASX:LM1) has this week landed a huge regulatory milestone with the grant of Mining Lease M77/1300 over the Evanston deposit within its Marda Gold Project in Western Australia, ensuring 100% of the project’s current mineral resources are now positioned on granted mining leases.

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This Week 17 mining lease grant follows Leeuwin recently executing a crucial agreement with the Marlinyu Ghoorlie Native Title Claimant Group.

Between that legal framework being secured and the leases this week, Leeuwin is now barrelling straight into several “strategic work streams that will progress the resource towards a production scenario.”

“The grant of the lease is a significant achievement for the company and a key milestone in advancing Marda,” Leeuwin chairman Christopher Piggott explained. “With all current mineral resources at the Marda now located on granted leases, this approval supports the next phase of development activities.”

The Evanston deposit hosts a resource of 135,800 ounces gold. This figure includes an Indicated category of 1.5 million tonnes @ one gram per tonne gold (49,200 oz) and an Inferred category of 2.8 Mt @ 0.97g/t Au (86.6Koz). Notably, the deposit contains a higher-grade component of 96.3Koz at 1.52 g/t Au.

Leeuwin management regularly highlights several significant drill intercepts at Evanston that underpin the resource model, including 13 metres at 3.2 grams per tonne gold from 91 metres (including three metres @ 10.05 grams per tonne) and 11 metres at 3.12g/t gold from 85 metres (including 6m at 4.88g/t).

The leadership team believes this can grow quickly, too, with an active exploration schedule aimed at further resource growth and conversion now underway.

Those efforts, HotCopper understands, will largely focus on extensional and infill drilling, as well as testing regional targets across the Marda tenement position to build upon the maiden MRE defined in late CY25.

“We remain committed to progressing Evanston, building on our maiden resource [from] December 2025, and to advancing exploration across Marda,” Mr Piggott told Leeuwin’s shareholders today, “with assays for 50 holes still pending from the drilling program commenced in January 2026.”

LM1 heads into Monday morning at 14.5cps.

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