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Leeuwin Metals Ltd (ASX:LM1)

ALERT: Price-sensitive ASX Announcement for LM1
Current share price for LM1 : $0.210 0.035 (20%)+
Announcement
Release
28 Jul 2026 2:42PM
Price at Release
$0.175
Full Release
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Summary
Leeuwin Metals Ltd, listed on the ASX as LM1, released its Quarterly Activities and Cash Flow Report for the period ended 30 June 2026. Key highlights include the grant of Mining Lease M77/1300 over the Evanston deposit at the Marda Gold Project, with all current Mineral Resources now situated on granted Mining Leases to facilitate development. The report details significant drill results and historical gold intercepts which support resource growth. A collaboration MOU was established with Bain Global Resources and MEGA Resources to explore development paths for the Marda Gold Project. The company closed the quarter with a cash balance of approximately $3.7 million, indicating it is well-funded for ongoing exploration and resource developments. The Appendix 5B cash flow statement shows cash outflows primarily directed towards exploration and evaluation activities.
Key Points
  • Grant of Mining Lease M77/1300 at Evanston.
  • Significant drill results at Marda Gold Project.
  • Historical gold intercepts identified for further exploration.
  • Collaboration MOU with Bain and MEGA Resources.
  • Cash balance of $3.7 million at quarter-end.
  • Net cash used in operating activities: $254,000.
  • Net cash used in investing activities: $1,060,000.
  • Proceeds from equity issues: $5,800,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.