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Leeuwin Metals Ltd ( (AU:LM1) ) has provided an update.
Leeuwin Metals Ltd has entered a binding agreement to acquire the Marda Gold Project from Ramelius Resources Limited, which spans over 500 km² in Western Australia, featuring existing pits and significant exploration potential. This acquisition is expected to complete in Q1 2025 and aligns with Leeuwin’s strategy to build a diverse portfolio of advanced projects. Additionally, Leeuwin’s exploration in the West Pilbara Iron Ore Project has shown promising results, reinforcing the project’s potential for Channel Iron Deposit (CID) mineralization. The company reports a cash balance of $1.2 million as of December 2024.
More about Leeuwin Metals Ltd
Leeuwin Metals Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved primarily in gold and iron ore projects, with a strategic emphasis on expanding its portfolio in tier-1 mining jurisdictions in Western Australia.
YTD Price Performance: -14.29%
Average Trading Volume: 86,448
Technical Sentiment Consensus Rating: Hold
Find detailed analytics on LM1 stock on TipRanks’ Stock Analysis page.
