InvestSMART

Leeuwin Metals Ltd (ASX:LM1)

ALERT: Price-sensitive ASX Announcement for LM1
Current share price for LM1 : $0.260 0.075 (40.54%)+
Announcement
Release
18 Aug 2026 9:29AM
Price at Release
$0.185
Full Release
download
Summary
Leeuwin Metals Ltd has entered a joint venture agreement with Arrow Minerals Limited, where Arrow will acquire a 70% interest in specific tenements in the Pilbara, Western Australia. Leeuwin retains a 30% interest with free-carry through to a Bankable Feasibility Study. The agreement includes exploration potential for iron ore and copper, benefiting from proximity to Rio Tinto's existing infrastructure. Leeuwin will receive Arrow shares, allowing it to focus resources on its primary Marda Gold Project, while leveraging non-core assets for additional value.
Key Points
  • Leeuwin Metals Ltd (ASX: LM1) has reached an agreement with Arrow Minerals Limited (ASX: AMD) for a joint venture.
  • Arrow will acquire a 70% interest in tenement application E08/3668 in the Pilbara region.
  • Leeuwin retains a 30% interest, free-carried until a Bankable Feasibility Study and Decision to Mine.
  • Arrow has a 12-month option to acquire a 70% interest in additional tenements E08/3719 and E08/3777.
  • The agreement includes direct-shipping-grade iron ore and potential copper opportunities.
  • Leeuwin will receive Arrow shares as part of the consideration.
  • The project is located near Rio Tinto’s Robe River JV iron ore operations.
  • This agreement allows Leeuwin to focus on its core Marda Gold Project while generating value from non-core assets.
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.