Re-awakening the Marda Goldfield: Leeuwin unearths untapped high-grade zones

In a sector where the shine of gold is often dulled by overcooked narratives, Leeuwin Metals (ASX:LM1) has managed to quietly unearth a treasure trove hiding in plain sight.

Having only recently closed its acquisition of the Marda Gold Project from Ramelius Resources, Leeuwin’s forensic review of 350,000 metres of historical drilling data has yielded something of a geological resurrection.

The data reveals extensive, shallow, high-grade gold mineralisation that — crucially — sits outside the previously mined open pits across a 3km strike in Marda Central.

The numbers are compelling.

Standout intercepts include:

• 62m @ 1.94g/t Au from 102m (MRC292)
• 48m @ 1.95g/t Au from 94m (MRC346)
• 11m @ 6.9g/t Au from 21m (MRC364)

That’s not prospective arm-waving — that’s drill-bit truth.

According to Leeuwin Metals Executive Chairman Christopher Piggott,

“The drilling results uncovered by the review of Marda Central strengthen our view about the substantial upside at Marda. The results show there is extensive mineralisation outside the mined areas, including high-grade zones, and highlight the potential to create value by extending this mineralisation.”

The real kicker?

There’s been little to no deeper drilling in the region — remarkable, given that the mineralisation is hosted in banded iron formations (BIFs), geological structures renowned for their vertical continuity.

Leeuwin has now launched drilling at Marda Central to chase down extensions to these zones, while simultaneously turning the magnifying glass to neighbouring prospects — Evanston, Golden Orb, and King Brown — all within the Marda camp and all with their own track records of gold production.

The Python and Dolly Pot prospects, in particular, read like forgotten legends.

Python boasts 46m @ 2.2g/t from 69m and 22m @ 3.27g/t from 98m, while Dolly Pot still carries 36m @ 1.83g/t from 92m and 30m @ 2.1g/t from 96m — results that would turn heads at any modern-day investor roadshow.

The twist?

Much of this mineralisation sits beneath pits that barely scratched the surface, with historical mining often stopping at just 60–80m depth.

Leeuwin’s approach offers a rare mix of brownfields reliability and near-greenfields upside — with infrastructure access and existing mining legacy reducing development risk. For a junior, that’s a strategic sweet spot.

While the market has yet to fully price in the scope of this revitalised gold story, Leeuwin’s actions speak louder than words.

The drills are spinning.

The data is flowing.

And the gold, it seems, was there all along — just waiting for someone to look a little closer.

As Piggott summed it up:

“Given the success of this review, we will now conduct similar assessments of other key areas at Marda… with the expectation there will be additional brownfield targets identified.”

Leeuwin’s Marda project is fast becoming a textbook case of how a fresh set of eyes — and a willingness to dig into the archives — can redefine a project’s future.

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