While progress is being made on Leeuwin Metals’ core Canadian projects, the company has moved forth with exploration work at the Gascoyne project targeting lithium and rare earths.
Historically, the Gascoyne region in Western Australia has been significant for gold, base metals, tungsten, and uranium exploration, but the region is now garnering attention for its untapped potential for lithium and rare earth elements.
Leeuwin Metals (ASX:LM1) is one of many ASX juniors breaking ground in the province, with other companies including Leeuwin’s neighbour Kingfisher Mining (ASX:KFM) who made the MW2 REE discovery, adding to the attractiveness and potential of Leeuwin’s Gascoyne project.
Around 1,000 soil samples have been collected at the site, targeting the anomalies of lithium-cesium-tantalum previously identified in rock chip sampling.
Samples have been submitted to the laboratory with results anticipated within six weeks.
Several areas of pegmatites swarms popping up
LM1 managing director Christopher Piggott says the soil sampling program is a continuation of the company’s exploration activities.
Previously, the Gascoyne project area had been overlooked for lithium and REE mineralisation, but with recent field work by Leeuwin, several areas of pegmatite swarms have been identified.
“Since listing on the ASX, less than three months ago, Leeuwin has focused on delivering our planned milestones with cost-effective exploration,” Piggott adds.
“The project is in an emerging region with several significant REE and Li projects, by companies such as Kingfisher Mining, Dreadnought Resources and Delta Lithium, to name a few.
“We are excited about the potential as we explore previously unsampled pegmatite swarms.”
What else is happening?
Work is advancing on Leeuwin Metals’ nickel and lithium projects in Manitoba, Canada.
The company recently kicked off a 5,000m diamond drilling program targeting high-grade nickel, copper and PGE sulphide mineralisation at the William Lake project.
This program will be coupled with the use of Down Hole Electro-Magnetics (DHEM) surveys to vector further drilling towards potential high-grade massive sulphide bodies.
Meanwhile, at the Jenpeg project, historical drilling has confirmed the presence of high-grade lithium with the first two samples returning intersections including 1.23% Li2O from 29.87m as well as 8.29m at 1.13% Li2O from 31.69m and 15.12m at 1.4% Li2O from 73.6m including 11.8m at 1.63% Li2O from 76.2m.
This article was developed in collaboration with Leeuwin Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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