Leeuwin Metals (ASX:LM1) Marda Gold Project identifies significant historical gold intercepts at Red Boomerang and Deception Hill

Leeuwin Metals has reported multiple significant historical drill intercepts from the Red Boomerang and Deception Hill prospects at its Marda Gold Project in Western Australia.

The results form part of a broader regional targeting review and relate to historical drilling outside the current Marda Mineral Resource, which totals 342,300oz of gold.

The announcement also outlines ongoing exploration activity, including 55 drill holes with assays pending and planning for future drilling programs.

Highlights

• Multiple historical drill intercepts reported from Red Boomerang and Deception Hill outside the current Marda Mineral Resource
• Reported results include 24m @ 1.79g/t Au from 0m (including 15m @ 2.72g/t Au from 8m), 2m @ 12.82g/t Au from 25m, and 12m @ 4.33g/t Au from 64m (including 1m @ 26.4g/t Au from 67m)
• Additional intercepts include 66m @ 1.12g/t Au from 13m (including 18m @ 2.32g/t Au) and 10m @ 2.41g/t Au from 50m (including 1m @ 15g/t Au)
• 55 drill holes remain with assays pending
• Resource upgrade work underway across Golden Orb, Evanston and Marda Central
• Drilling planned for Red Boomerang in 2H 2026, with permitting in progress

The announcement states that regional targeting has identified multiple significant historical drill intercepts at both Red Boomerang and Deception Hill.

These prospects are located within the broader Marda Gold Project and are not included in the current Mineral Resource estimate.

According to the release, historical drilling at Red Boomerang and Deception Hill tested continuity and grade of primary gold mineralisation.

The announcement describes mineralisation as associated with quartz-pyrite veins hosted in porphyry, with three interpreted west-dipping lodes identified as East, West and Central.

The geological setting is reported to include NE-SW striking, steeply north-west dipping mafic and felsic rocks, with ultramafic units interbedded within the sequence, with weathering reported to extend to approximately 40m below surface.

The announcement includes multiple reported drill results from historical programs, with intercepts at Red Boomerang including EVB0152 returning 24m @ 1.79g/t Au from 0m, EVB0246 returning 12m @ 4.33g/t Au from 64m, and EVB0317 returning 66m @ 1.12g/t Au from 13m.

At Deception Hill, reported intercepts include DHB105 with 10m @ 2.41g/t Au from 50m and EVB0239 with 2m @ 12.82g/t Au from 25m.

Leeuwin Metals Executive Chairman Christopher Piggott stated:

“Marda continues to generate exciting targets across the board. Alongside these significant historical intercepts at Red Boomerang and Deception Hill, our regional targeting work has identified high-priority drill targets that can add meaningful ounces to the 342,300oz resource base at Marda.”

Leeuwin Metals also reports that 55 drill holes from recent drilling remain pending assay results, with work having tested down-dip extensions across Golden Orb, Marda Central and other trends.

A resource upgrade process is underway across several project areas, including Golden Orb, Evanston and Marda Central.

Planning and permitting activities are also in progress for future drilling at Red Boomerang, with drilling anticipated in 2H 2026.

The Marda Gold Project is described in the announcement as an advanced exploration asset located on granted mining leases and proximal to established infrastructure, with the broader tenement package including mining, exploration and prospecting licences within the project area.

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