Leeuwin Identifies New Gold Targets Across Marda Regional Prospects

23 June 2026 | Western Australia - Leeuwin Metals has reported multiple significant historical gold intercepts from regional prospects at its Marda Gold Project in Western Australia, highlighting further growth potential outside the project’s current Mineral Resource.

The company said regional targeting has identified high-priority areas at the Red Boomerang and Deception Hill prospects, with both areas located outside the existing Marda Mineral Resource.

Significant historical intercepts reported by Leeuwin include:

• 24m at 1.79 g/t gold from surface, including 15m at 2.72 g/t gold from 8m
• 2m at 12.82 g/t gold from 25m
• 12m at 4.33 g/t gold from 64m, including 1m at 26.4 g/t gold from 67m
• 17m at 1.21 g/t gold from 20m, including 1m at 9.34 g/t gold from 34m
• 66m at 1.12 g/t gold from 13m, including 18m at 2.32 g/t gold from 16m
• 10m at 2.41 g/t gold from 50m, including 1m at 15g/t gold from 51m
• 21m at 1.46 g/t gold from 26m, including 1m at 10.4g/t gold from 36m

Leeuwin said the historical results reinforce the exploration potential across Marda and support its plan to systematically review the broader project database, define new targets and pursue further discoveries.

The Marda Gold Project currently hosts a Mineral Resource of 342,300 ounces of gold, comprising an Indicated Resource of 2.1Mt at 1.10 g/t gold for 73,800 ounces and an Inferred Resource of 8.1Mt at 1.03 g/t gold for 268,500 ounces.

Executive Chairman Christopher Piggott said Marda continued to generate exciting targets, with the Red Boomerang and Deception Hill results identifying high-priority drill targets that could add meaningful ounces to the existing resource base.

Why it matters: The results are important because they sit outside the current Marda Resource, meaning they may provide a pathway for future resource growth if follow-up drilling is successful. Leeuwin is now looking beyond the existing granted mining leases and testing the broader regional potential of the project.

Historical drilling at Red Boomerang and Deception Hill tested primary gold mineralisation associated with quartz-pyrite veins hosted in porphyry. Leeuwin said three moderately west-dipping lodes have been tested, with gold mineralisation interpreted to occur mainly within felsic rocks, particularly near contacts with ultramafic units.

Drill planning and permitting are now underway, with drilling planned for the second half of 2026 at Red Boomerang.

Leeuwin also has 55 drill holes from recent drilling still awaiting assays, with results expected in coming weeks. The company said recent drilling tested new down-dip extensions across Golden Orb, Marda Central and high-grade workings trends.

A resource upgrade is also underway across Golden Orb, Evanston and Marda Central, with updated resources expected in the second half of 2026.

For Western Australia’s gold sector, Leeuwin’s update adds another active resource growth story in the Marda region, with the company combining historical drill data, new drilling and regional targeting to build a larger exploration pipeline.

Source: Leeuwin Metals ASX announcement, “Targeting Identifies Significant Gold Intercepts Across Marda Regional Prospects”, 23 June 2026.