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LEEUWIN METALS LTD Capital/Financing Update 2025

Apr 7, 2025

65245_rns_2025-04-07_3304e192-71fd-4cc8-baaa-1525bfa97e27.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT | 8 April 2025

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High-grade mineralisation shows strong scope for rapid exploration success

Review of drilling database at Marda Central reveals extensive remnant mineralisation over 3km strike length; Drilling underway

HIGHLIGHTS

  • HIGHLIGHT A comprehensive review of historical drilling database has identified a host of strong results along a 3km trend at the Marda Gold Project

  • The results sit within the Marda Central trend, which hosts the four pits mined by Ramelius Resources, with all intercepts reported located outside the previously mined areas

  • Results from review provide clear drill targets and highlight the strong exploration upside, supporting the current drill program already underway in these areas

  • Significant unmined drilling intercepts include:

  • 62m @ 1.94 g/t Au from 102m (MRC292)

  • 48m @ 1.95 g/t Au from 94m (MRC346)

  • 36m @ 1.83 g/t Au from 92m (ME009)

  • 20m @ 3.14 g/t Au from 75m (DURC016)

  • 42m @ 1.11 g/t Au from 69m (MAR177)

  • 46m @ 2.2 g/t Au from 69m (MRC232)

  • 22m @ 3.27 g/t Au from 98m (PYRC040)

  • 4m @ 14.05 g/t Au from 25m (MRB075)

  • 12m @ 3.48 g/t Au from 24m (MRC320)

  • 10m @ 4.42 g/t Au from 24m (MAR111)

  • 11m @ 6.9 g/t Au from 21m (MRC364)

  • 9m @ 7.93 g/t Au from 41m (MAR074)

  • Leeuwin’s exploration strategy is focused on defining extensions to high-grade zones across key prospects

  • In light of these strong results, Leeuwin will now undertake similar broader project reviews at the Evanston, Golden Orb and King Brown prospects within the Marda Gold Project

Leeuwin Metals Ltd ASX: LM1 | ACN 656 057 215 A: Suite 2, 64-68 Hay Street, Subiaco, Western Australia 6008 T: +61 8 6556 6427 E: [email protected] W: leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Leeuwin Metals Ltd (ASX: LM1 ) (‘ Leeuwin ’ or ‘ Company ’) is pleased to announce that a review of historical drilling results at the Marda Gold Project in Western Australia has identified extensive shallow high-grade mineralisation along a 3km trend at Marda Central.

These results lie outside the four open pits previously mined by Ramelius Resources and highlight a significant opportunity to define new mineralised zones beyond existing open pits. Drilling to test these targets is currently underway.

Leeuwin Executive Chairman, Christopher Piggott, said:

“The drilling results uncovered by the review of Marda Central strengthen our view about the substantial upside at Marda. The results show there is extensive mineralisation outside the mined areas, including high-grade zones, and highlight the potential to create value by extending this mineralisation, current drilling is targeting extensions of this mineralisation.

They also show there has been little or no deeper drilling, which represents a significant opportunity for Leeuwin, particularly given that the mineralisation is hosted in banded iron formations, which are known for extending at depth.

Given the success of this review, we will now conduct similar assessments of other key areas at Marda, including Evanston, Golden Ord and King Brown with the expectation there will be additional brownfield targets identified. This will be done in parallel with ongoing assessments of early-stage prospects within the project area and other opportunities within the region.”

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Figure 1 Marda Central 3km Trend, view looking oblique view to the south-east.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Marda Gold Project

Marda Central Priority Targets

Marda Central hosts four existing pits mined by Ramelius between 2019 and 2023. The core trend spans over 3 km, with mineralisation characterised by banded iron formations (BIFs) and quartz veining associated with sulphides. Extensions to these pits, as well as advanced prospects within the trend, are high-priority drilling targets for 2025. Significant historical intercepts are illustrated in Figures 1 and 2. Planned exploration drilling will focus on testing mineralisation extensions along the BIF trend and validating unmined zones. Drill intercepts and corresponding assay results are provided in Appendix B of this announcement.

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Figure 2 Marda Central Prospects. Map projection MGA94 z50.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Dolly Pot

At the Dolly Pot prospect, mineralisation is over 150m in strike length, with the body extending to 150m vertical to date. Mining was completed to a depth of 80m below the surface. Exploration potential remains at depth and along strike, focusing on testing the controls of the mineralisation shoots.

Multiple unmined significant drill intercepts that remain include:

  • 62m @ 1.94 g/t Au from 102m (MRC292)

  • 48m @ 1.95 g/t Au from 94m (MRC346)

  • 36m @ 1.83 g/t Au from 92m (ME009)

  • 30m @ 2.1 g/t Au from 96m (MRC294)

  • 18m @ 2.83 g/t Au from 66m (MAR045)

  • 36m @ 1.26 g/t Au from 102m (MRC291)

  • 18.7m @ 2.2 g/t Au from 72m (DPDD004)

  • 10m @ 4.1 g/t Au from 66m (MAR080)

  • 9m @ 4.15 g/t Au from 55m (DPDD004)

  • 32m @ 1 g/t Au from 86m (MRC298)

  • 28m @ 1.1 g/t Au from 76m (MRC299)

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Figure 3 View South of Dolly Pot showing re-modelling of existing drill holes.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Figure 4 View West showing multiple thick intersections of gold mineralisation beneath Dolly Pot Pit

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Figure 5 View West showing multiple thick intersections of gold mineralisation beneath Dolly Pot Pit

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Python

Mineralisation at the Python prospect area is over 300m of strike across two plunging bodies. Multiple shoots remain open with this area being a high priority for drilling post completion. Mining was completed to a max depth of approximately 65m. Extensions to these pits, as well as footwall and hanging wall target areas, will also be key priorities for drilling in 2025.

Multiple significant unmined drill intercepts that remain include:

  • 46m @ 2.2 g/t Au from 69m (MRC232)

  • 22m @ 3.27 g/t Au from 98m (PYRC040)

  • 32m @ 2.05 g/t Au from 90m (MAR156)

  • 25m @ 2.59 g/t Au from 98m (MARC0018)

  • 31.4m @ 1.77 g/t Au from 66m (PYRC056D)

  • 22m @ 2.02 g/t Au from 71m (MAR208)

  • 22m @ 2.01 g/t Au from 109m (MAR206)

  • 22m @ 1.85 g/t Au from 78m (MRC237)

  • 12m @ 3.3 g/t Au from 76m (MRC154)

  • 21m @ 1.65 g/t Au from 113m (PYRC044)

  • 17m @ 2 g/t Au from 113m (MCC017)

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Figure 6 View South of Python showing re-modelling of existing drill holes where two separate zones of mineralisation have been interpreted with multiple down plunge extension requiring follow up drilling.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Figure 7 View West beneath Python Pit. Mineralisation remains present beneath the pit with planned drilling to test these extensions in 2025.

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Figure 8 View West beneath Python Pit. Mineralisation remains present beneath the pit with planned drilling to test these extensions in 2025.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Dugite

At the Dugite Prospect, mineralisation is currently defined over a 140 m strike, with previous mining completed to a depth of 60 m. There is significant potential for further drilling both along strike and at depth.

Multiple significant unmined drill intercepts that remain include:

  • 20m @ 3.14 g/t Au from 75m (DURC016)

  • 42m @ 1.11 g/t Au from 69m (MAR177)

  • 26m @ 1.66 g/t Au from 69m (MRC191)

  • 14m @ 2.21 g/t Au from 92m (MAR205)

  • 26m @ 1.1 g/t Au from 61m (MAR204)

  • 15m @ 1.73 g/t Au from 78m (MRC197)

  • 14m @ 1.24 g/t Au from 62m (MAR104)

  • 3m @ 5.21 g/t Au from 140m (MRC279)

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Figure 9 View South of Dugite showing re-modelling of existing drill holes. Drilling is very limited to beneath the existing pit with strike extents not tested, this remains an area for follow up drilling.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Figure 10 View West showing thick mineralisation beneath Dugite Pit. There remains opportunity to test up dip hanging wall and down dip foot wall extensions.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Gold Stream

At the Gold Stream prospect, mineralisation extends over a 150 m strike across three parallel bodies. Multiple shoots remain open, making this area a high-priority target for further drilling. Mining was completed to a maximum depth of approximately 50 m. Extensions to these pits, as well as footwall and hanging wall target areas, are key priorities for drilling in 2025.

Limited drilling has been conducted below the existing pit, though several drill holes have confirmed the continuation of mineralised structures.

Multiple significant unmined drill intercepts that remain include:

  • 4m @ 14.05 g/t Au from 25m (MRB075)

  • 12m @ 3.48 g/t Au from 24m (MRC320)

  • 7m @ 2.64g/t Au from 58m to EOH (MRC030)

  • 15m @ 2.27 g/t Au from 16m (MARC0014)

  • 21m @ 1.52 g/t Au from 21m (MRC243)

  • 11m @ 2 g/t Au from 3m (MRC032)

  • 5m @ 4.4 g/t Au from 64m (MRC311)

  • 17m @ 1.28 g/t Au from 32m (MAR101)

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Figure 11 View South of Gold Stream, multiple drill intercepts beneath the pit have intersected extension of mineralisation, this remains open at depth and along strike.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Figure 12 View West beneath the Gold Stream Pit. Significant exploration potential remains beneath the pit.

Taipan

The Taipan Prospect features a folded banded iron formation (BIF) with a defined strike of 400m. Several high-grade intercepts have been drilled at this prospect, which has not yet been mined. The top 50m has been tested with reverse circulation (RC) drilling, leaving significant potential for further exploration.

Multiple significant unmined drill intercepts that remain include:

  • 10m @ 4.42 g/t Au from 24m (MAR111)

  • 4m @ 4.73 g/t Au from 47m (MRC248)

  • 12m @ 1.53 g/t Au from 6m (MRC245)

  • 2m @ 8.25 g/t Au from 32m (MRC326)

  • 4m @ 3.07 g/t Au from 26m (MAR112)

Cobra

The Cobra Prospect has a defined strike of 250m and extends to a depth of 120m below the surface, with most drilling concentrated within the top 100m. Multiple high-grade intercepts have been recorded at this prospect, which has not been mined. Drilling below 50m has been limited, leaving significant potential for further exploration.

Multiple significant unmined drill intercepts that remain include:

  • 11m @ 6.9 g/t Au from 21m (MRC364)

  • 9m @ 7.93 g/t Au from 41m (MAR074)

  • 2m @ 25.76 g/t Au from 97m (MCC011)

  • 1m @ 42.1 g/t Au from 53m (MAR108)

  • 5m @ 8.23 g/t Au from 23m (MAR182)

  • 8m @ 4.94 g/t Au from 21m (MRB186)

  • 11m @ 2.09 g/t Au from 69m (MAR109)

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Marda North, South and West

A comprehensive strategic review and re-modelling of historical data is underway across the North, Central, and South Marda prospect areas at the Marda Gold Project. Multiple significant results have been identified in these areas, as detailed in the ASX announcement dated 20 December 2024.

Marda North

The Evanston Mine area has seen little modern exploration since production ceased in 2000 and is a high priority for exploration in 2025. Mineralisation remains open in all directions within the 1.3km trend, and more broadly within the 4.5km of strike.

Significant drill results from the Evanston Mine area include:

  • 2m @ 16.75 g/t Au from 12m (NRC043)

  • 3.6m @16.4 g/t Au from 1m (EDM003)

  • 8m @ 5.76 g/t Au from 8m (ERC147)

Marda South

Exploration targets within the Golden Orb Mine trend testing extension of the mine sequence BIF. Mineralisation is open beneath the existing pit as well as the Golden Orb West target that extends from the exiting pit. The trend has been mapped over 3km to date, with significant drill results identified for follow-up:

  • 2m @ 13.13 g/t Au from 91m (GOC035)

  • 2m @ 9.09 g/t Au from 31m (GORC0097)

Marda West

Work at Marda West has focused on the existing King Brown Mine . Multiple high grade dill intersections demonstrate the depth potential of the prospect as well as the significant target area at the footwall target of King Brown West.

Limited drilling has occurred along strike of these prospects with significant results from this area being:

  • 2m @ 8.8 g/t Au from 110m (KBR021)

  • 1m @ 26.8 g/t Au from 136m (KBR028)

  • 12m @ 1.78 g/t Au from 12m (MAB1159)

  • 8m @ 4.31 g/t Au from 12m (MAB0725)

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Overview

The Marda Gold Project represents an advanced gold asset with significant exploration upside and near-term development potential. The project covers over 500km² of mining, exploration, and prospecting leases, located 120km north of Southern Cross. It includes 8 open pits, numerous historical workings, and significant exploration potential across 4 main areas: Marda Central, North, South, and West. Targets range from resource definition near existing pits and historical workings to geochemical anomalies and untested concepts.

Leeuwin aims to unlock long-term shareholder value by leveraging the project’s strategic location, proximity to existing infrastructure, and extensive, 100%-owned tenure..

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Figure 13 Marda Regional Location with greenstone. Map projection MGA94 z50.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Marda Geology

The Marda Gold Project stretches 70km between the Evanston goldmining area in the north to Golden Orb in the south. Gold was first discovered in 1901 with intermittent mining since. Gold mineralisation is hosted in Youanmi Terrane in the Marda-Diemals Greenstone Belt and locally associated with banded iron formations (BIF’s) and quartz veining associated with sulphides. Ramelius completed mining across several open pits with a total production of 2.3mt @ 1.9g/t Au (143koz)[1] between 2019 and 2023. Historical production estimates for the Evanston Mine totalled approximately 40koz with the most recent mining occurring from 1998 to 2000 at Evanston. With extensive drilling having been conducted at the project, the data rich environment provides numerous targets for follow up. In total 350,000 meters are within the data base with 230,000 meters of this being RAB/AC, 115,000m RC and 5,000m of Diamond Drilling.

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Figure 14 Regional GSWA Geology for Marda. Map projection MGA94 z50.

1 For detailed information, please refer to Ramelius Resources' Annual Report released on 18 October 2024.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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Next steps

With the acquisition of the Marda Gold Project from Ramelius Resources Ltd (ASX: RMS) now complete, Leeuwin has commenced follow-up exploration, with drilling currently underway targeting high-priority unmined mineralisation at Marda Central.

Building on this, the Company has initiated broader data reviews across the Evanston, Golden Orb, and King Brown prospects to define additional brownfield targets and expand the scale of exploration across the wider Marda Gold Project.

Ends

This announcement has been authorised by the Board of Directors.

KEY CONTACTS

Christopher Piggott

Executive chair

E [email protected] T +61 8 6556 6427

About Us

Leeuwin Metals Ltd (ASX: LM1) is an ASX-listed exploration company focused on discovering and developing high-value mineral resources across a diversified portfolio.

Led by a skilled team with expertise in project generation, discovery, development, operations, and transactions.

Marda Gold Project (Western Australia): A transformative acquisition, the Marda Gold Project adds a significant precious metal asset to our portfolio, with a strong potential for growth. The project is strategically located near key infrastructure and processing facilities.

West Pilbara Iron Ore Project (Western Australia): Featuring high-grade iron ore (>50% Fe) over a 2.4-kilometre strike length, strategically located near Rio Tinto’s Mesa A mine.

Nickel, Copper, PGE, and Lithium Projects (Canada and Western Australia): Highly prospective exploration targets supporting the global demand for critical battery metals in North America, with strong exploration upside.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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APPENDIX A: IMPORTANT NOTICES

Competent Person Statement

The information in this announcement relating to Exploration Results is based on and fairly represents information compiled by Mr Christopher Piggott, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy and the Managing Director of the Company. Mr Piggott has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Piggott consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

Previous disclosure

This announcement contains references to prior exploration results, all of which have been cross referenced to previous market announcements made by the Company in the body of this release. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements, and that all material assumptions and technical parameters underpinning those results continue to apply and have not materially changed.

Forward Looking Statements

Various statements in this announcement constitute statements relating to intentions, future acts, and events. Such statements are generally classified as "forward looking statements" and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events, and circumstances to differ materially from what is presented or implicitly portrayed herein. The Company gives no assurances that the anticipated results, performance, or achievements expressed or implied in these forward-looking statements will be achieved.

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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APPENDIX B: JORC CODE, 2012 EDITION

Table 1: Unmined historic drill summary from the Marda Project. Coordinates are in MGA94 z50 projection.


EOH
From To Width
Hole ID Prospect Hole Type Easting Northing RL Azimuth Dip Au Grade GxM

Depth
(m) (m) (m)
MAR008 COBRA RC 83 716,836 6,657,483 451 200 -61 55 56 1 0.21 0.21
MAR070 COBRA RC 80 716,909 6,657,265 477 20 -61 41 50 9 1.77 15.93
MAR071 COBRA RC 81 716,909 6,657,265 477 20 -61 29 30 1 0.60 0.60
MAR072 COBRA RC 62 716,946 6,657,290 477 20 -61 21 23 2 2.51 5.02
MAR073 COBRA RC 80 717,026 6,657,214 477 20 -61 30 38 8 1.15 9.20
MAR074 COBRA RC 90 717,016 6,657,188 473 20 -61 41 50 9 7.93 71.37
MAR075 COBRA RC 80 716,975 6,657,219 476 20 -61 73 75 2 1.83 3.66
MAR076 COBRA RC 70 717,150 6,657,047 460 20 -61 55 56 1 0.00 0.00
MAR077 COBRA RC 99 717,205 6,657,048 459 20 -61 68 69 1 0.22 0.22
MAR078 COBRA RC 66 717,263 6,657,065 457 20 -61 50 52 2 0.00 0.00
MAR087 COBRA RC 60 717,197 6,657,060 461 357 -61 50 51 1 0.00 0.00
MAR107 COBRA RC 105 717,012 6,657,176 472 20 -61 86 87 1 7.66 7.66
MAR108 COBRA RC 90 717,006 6,657,197 475 20 -61 53 54 1 42.10 42.10
MAR109 COBRA RC 80 717,027 6,657,181 472 20 -61 69 80 11 2.09 22.99
MAR134 COBRA RC 50 716,892 6,657,282 475 20 -60 11 15 4 1.70 6.80
MAR181 COBRA RC 90 716,905 6,657,245 477 20 -60 79 80 1 5.97 5.97
MAR182 COBRA RC 90 717,042 6,657,184 474 20 -60 23 28 5 8.23 41.15
MAR183 COBRA RC 90 716,998 6,657,210 477 20 -60 33 34 1 15.70 15.70
MAR198 COBRA RC 90 717,036 6,657,169 470 20 -61 74 78 4 2.30 9.20
MAR199 COBRA RC 90 717,070 6,657,175 469 20 -61 36 38 2 0.07 0.14
MB1102 COBRA RAB 73 716,557 6,657,463 450 200 -60 54 57 3 2.96 8.88
MB1104 COBRA RAB 61 716,434 6,657,418 449 20 -60 34 36 2 2.11 4.22
MC006 COBRA RC 107 717,142 6,657,147 400 160 -60 8 12 4 0.05 0.20
MCC004 COBRA RC 310 716,895 6,657,078 476 20 -54 302 303 1 0.94 0.94
MCC010 COBRA RC 187 716,983 6,657,173 470 20 -60 148 149 1 2.88 2.88
MCC011 COBRA RC 153 717,030 6,657,156 468 20 -60 97 99 2 25.76 51.52
MCC012 COBRA RC 140 717,239 6,657,143 455 200 -60 68 72 4 0.12 0.48
MCC013 COBRA RC 111 717,308 6,657,129 450 200 -60 66 67 1 0.61 0.61
MCC014 COBRA RC 249 717,053 6,657,291 464 200 -60 151 157 6 1.56 9.36
MCC020 COBRA RC 303 716,873 6,657,331 468 200 -65 256 260 4 0.04 0.16
MCRC002 COBRA RC 120 716,788 6,657,328 462 137 -65 19 21 2 1.83 3.66
MCRC003 COBRA RC 108 716,730 6,657,440 451 182 -65 60 64 4 0.01 0.02
MCRC004 COBRA RC 114 717,200 6,657,060 460 182 -65 82 86 4 0.01 0.03
MRB186 COBRA RAB 29 717,270 6,657,085 458 20 -60 21 29 8 4.94 39.52
MRC180 COBRA RC 81 716,869 6,657,295 474 20 -61 29 31 2 0.53 1.06

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

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ASX ANNOUNCEMENT | 8 April 2025

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EOH
From To Width
Hole ID Prospect Hole Type Easting Northing RL Azimuth Dip Au Grade GxM

Depth
(m) (m) (m)
MRC181 COBRA RC 93 716,856 6,657,267 475 20 -61 92 93 1 0.42 0.42
MRC182 COBRA RC 69 716,847 6,657,239 476 20 -61 50 52 2 0.02 0.04
MRC223 COBRA RC 81 717,260 6,657,126 455 200 -61 76 78 2 0.04 0.08
MRC224 COBRA RC 51 717,283 6,657,117 454 200 -61 31 33 2 3.69 7.38
MRC225 COBRA RC 51 717,305 6,657,103 452 200 -61 33 34 1 3.18 3.18
MRC357 COBRA RC 30 716,894 6,657,293 474 20 -60 25 26 1 13.10 13.10
MRC358 COBRA RC 50 716,885 6,657,268 476 20 -60 23 28 5 0.90 4.50
MRC359 COBRA RC 50 716,989 6,657,262 480 20 -60 28 29 1 0.65 0.65
MRC360 COBRA RC 55 716,943 6,657,283 478 20 -72 23 25 2 1.62 3.24
MRC361 COBRA RC 75 716,935 6,657,260 480 20 -60 32 33 1 4.58 4.58
MRC362 COBRA RC 70 716,975 6,657,222 477 20 -50 38 44 6 1.28 7.68
MRC363 COBRA RC 80 716,992 6,657,197 473 20 -60 76 77 1 0.19 0.19
MRC364 COBRA RC 75 717,032 6,657,193 474 20 -60 21 32 11 6.90 75.90
MRC365 COBRA RC 40 717,279 6,657,107 455 200 -60 17 25 8 1.86 14.88
MRC366 COBRA RC 40 717,244 6,657,086 461 20 -60 7 8 1 0.59 0.59
MRC367 COBRA RC 50 717,326 6,657,090 450 200 -60 32 34 2 2.22 4.44
MRC373 COBRA RC 80 717,075 6,657,206 470 200 -60 35 36 1 0.31 0.31
DPDD004 DOLLY POT RC 91 717,566 6,657,236 444 200 -61 72 90.7 18.7 2.20 41.14
DPDD004 DOLLY POT RC 91 717,566 6,657,236 444 200 -61 55 64 9 4.15 37.35
DPRC003D DOLLY POT DD 120 717,562 6,657,226 444 202 -60 68.5 73.95 5.45 1.52 8.28
DPRC007 DOLLY POT RC 150 717,613 6,657,221 443 214 -60 111 116 5 1.52 7.60
DPRC017 DOLLY POT RC 150 717,573 6,657,253 443 202 -60 82 91 9 1.33 11.97
DPRC019 DOLLY POT RC 110 717,575 6,657,224 444 207 -60 102 103 1 0.11 0.11
DPRC020 DOLLY POT RC 144 717,579 6,657,236 443 205 -59 81 84 3 0.21 0.63
DPRC021 DOLLY POT RC 120 717,591 6,657,230 443 211 -60 86 87 1 10.50 10.50
DPRC024 DOLLY POT RC 90 717,634 6,657,169 445 206 -61 87 90 3 1.15 3.45
DPRC026D DOLLY POT DD 175 717,668 6,657,188 443 213 -59 116.8 134.3 17.5 1.75 30.63
MAR005 DOLLY POT RC 102 717,680 6,657,184 445 200 -61 101 102 1 7.58 7.58
MAR006 DOLLY POT RC 102 717,758 6,657,086 443 200 -61 57 58 1 4.53 4.53
MAR012 DOLLY POT RC 100 717,657 6,657,161 445 200 -61 78 81 3 1.70 5.10
MAR013 DOLLY POT RC 100 717,637 6,657,125 445 200 -61 86 87 1 1.77 1.77
MAR017 DOLLY POT RC 102 717,567 6,657,186 444 200 -61 75 76 1 1.53 1.53
MAR040 DOLLY POT RC 80 717,812 6,657,060 444 200 -61 64 66 2 13.25 26.50
MAR042 DOLLY POT RC 80 717,651 6,657,077 444 200 -61 72 73 1 0.65 0.65
MAR044 DOLLY POT RC 105 717,616 6,657,228 443 200 -61 96 104 8 3.26 26.08
MAR044 DOLLY POT RC 105 717,616 6,657,228 443 200 -61 73 84 11 1.91 21.01
MAR045 DOLLY POT RC 84 717,569 6,657,245 443 200 -61 66 84 18 2.83 50.94
MAR080 DOLLY POT RC 79 717,545 6,657,180 444 20 -61 66 76 10 4.10 41.00
MAR082 DOLLY POT RC 69 717,515 6,657,170 442 20 -61 60 62 2 0.06 0.12

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

18

ASX ANNOUNCEMENT | 8 April 2025

==> picture [110 x 33] intentionally omitted <==


EOH
From To Width
Hole ID Prospect Hole Type Easting Northing RL Azimuth Dip Au Grade GxM

Depth
(m) (m) (m)
MAR083 DOLLY POT RC 57 717,507 6,657,221 443 20 -61 48 49 1 0.06 0.06
MAR110 DOLLY POT RC 69 717,718 6,657,069 444 20 -61 64 66 2 0.02 0.04
MAR114 DOLLY POT RC 80 717,698 6,657,087 444 20 -61 70 72 2 0.03 0.06
MAR120 DOLLY POT RC 78 717,560 6,657,185 444 290 -61 55 66 11 0.96 10.56
MAR123 DOLLY POT RC 105 717,591 6,657,233 443 200 -61 82 93 11 1.93 21.23
MAR171 DOLLY POT RC 110 717,610 6,657,215 445 200 -61 89 100 11 1.57 17.27
MAR172 DOLLY POT RC 130 717,642 6,657,225 443 200 -62 120 124 4 0.01 0.04
MAR202 DOLLY POT RC 100 717,671 6,657,160 444 200 -61 95 97 2 0.45 0.90
MAR203 DOLLY POT RC 150 717,578 6,657,269 443 200 -61 147 148 1 0.10 0.10
MARC0024 DOLLY POT RC 65 717,545 6,657,217 444 202 -60 53 54 1 3.75 3.75
MCC015 DOLLY POT RC 270 717,683 6,657,228 442 200 -60 244 252 8 1.13 9.04
MCC019 DOLLY POT RC 253 717,662 6,656,975 445 20 -61 230 231 1 0.40 0.40
MCRC001 DOLLY POT RC 132 717,760 6,657,115 443 183 -70 58 60 2 0.38 0.76
ME009 DOLLY POT RC 129 717,630 6,657,155 445 0 -90 92 128 36 1.83 65.88
MRC006 DOLLY POT RC 80 717,567 6,657,204 445 200 -61 69 70 1 0.38 0.38
MRC007 DOLLY POT RC 80 717,571 6,657,216 445 200 -61 73 80 7 1.70 11.90
MRC098 DOLLY POT RC 75 717,582 6,657,238 444 200 -61 67 75 8 1.61 12.88
MRC184 DOLLY POT RC 87 717,551 6,657,234 445 200 -61 69 71 2 0.30 0.60
MRC185 DOLLY POT RC 147 717,594 6,657,098 443 20 -62 99 110 11 2.55 28.05
MRC185 DOLLY POT RC 147 717,594 6,657,098 443 20 -62 124 129 5 2.12 10.60
MRC186 DOLLY POT RC 141 717,646 6,657,200 444 200 -62 100 107 7 3.05 21.35
MRC249 DOLLY POT RC 81 717,662 6,657,137 445 200 -61 74 78 4 0.12 0.48
MRC250 DOLLY POT RC 91 717,667 6,657,149 445 200 -61 64 70 6 0.61 3.66
MRC251 DOLLY POT RC 117 717,674 6,657,173 445 200 -61 104 106 2 0.34 0.68
MRC290 DOLLY POT RC 84 717,650 6,657,137 445 200 -61 72 80 8 0.44 3.52
MRC291 DOLLY POT RC 144 717,668 6,657,182 445 200 -62 102 138 36 1.26 45.36
MRC292 DOLLY POT RC 168 717,663 6,657,211 443 200 -62 102 164 62 1.94 120.28
MRC294 DOLLY POT RC 156 717,649 6,657,215 444 200 -62 96 126 30 2.10 63.00
MRC295 DOLLY POT RC 144 717,642 6,657,189 445 200 -62 104 124 20 1.41 28.20
MRC297 DOLLY POT RC 168 717,621 6,657,239 443 200 -62 122 130 8 2.70 21.60
MRC297 DOLLY POT RC 168 717,621 6,657,239 443 200 -62 52 54 2 1.97 3.94
MRC298 DOLLY POT RC 132 717,596 6,657,245 444 200 -62 86 118 32 1.00 32.00
MRC299 DOLLY POT RC 112 717,587 6,657,250 444 200 -61 76 104 28 1.10 30.80
MRC300 DOLLY POT RC 165 717,592 6,657,262 442 200 -62 150 162 12 1.26 15.12
MRC346 DOLLY POT RC 168 717,671 6,657,196 444 200 -62 94 142 48 1.95 93.60
DURC006 DUGITE RC 60 718,297 6,657,051 439 199 -61 51 52 1 0.45 0.45
DURC009 DUGITE RC 50 718,312 6,657,057 439 204 -61 48 49 1 2.66 2.66
DURC016 DUGITE RC 120 718,281 6,657,078 439 203 -60 75 95 20 3.14 62.80
DURC017 DUGITE RC 120 718,292 6,657,072 439 200 -59 77 78 1 1.49 1.49

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

19

ASX ANNOUNCEMENT | 8 April 2025

==> picture [110 x 33] intentionally omitted <==


EOH
From To Width
Hole ID Prospect Hole Type Easting Northing RL Azimuth Dip Au Grade GxM

Depth
(m) (m) (m)
DURC018 DUGITE RC 89 718,301 6,657,060 439 207 -60 73 77 4 1.75 7.00
MAR033 DUGITE RC 50 718,375 6,657,044 440 230 -61 18 20 2 0.36 0.72
MAR034 DUGITE RC 50 718,357 6,657,087 439 230 -61 42 44 2 0.02 0.04
MAR089 DUGITE RC 46 718,379 6,657,055 440 200 -61 27 28 1 0.64 0.64
MAR090 DUGITE RC 30 718,374 6,657,041 440 200 -61 29 30 1 0.00 0.00
MAR091 DUGITE RC 40 718,371 6,657,004 441 200 -61 29 30 1 0.00 0.00
MAR092 DUGITE RC 36 718,423 6,657,033 441 200 -61 34 35 1 0.22 0.22
MAR093 DUGITE RC 50 718,503 6,657,031 442 200 -61 26 27 1 0.65 0.65
MAR102 DUGITE RC 60 718,331 6,657,068 439 200 -61 35 36 1 0.56 0.56
MAR103 DUGITE RC 50 718,353 6,657,061 439 200 -61 19 20 1 0.54 0.54
MAR104 DUGITE RC 81 718,302 6,657,065 439 200 -61 62 76 14 1.24 17.36
MAR135 DUGITE RC 53 718,295 6,657,047 439 200 -61 47 48 1 0.00 0.00
MAR137 DUGITE RC 76 718,299 6,657,057 439 200 -61 67 72 5 2.10 10.50
MAR139 DUGITE RC 62 718,272 6,657,056 439 200 -61 56 60 4 0.61 2.44
MAR176 DUGITE RC 140 718,311 6,657,088 439 200 -62 90 94 4 0.95 3.80
MAR177 DUGITE RC 116 718,281 6,657,080 439 200 -61 69 111 42 1.11 46.62
MAR178 DUGITE RC 90 718,261 6,657,098 439 200 -61 66 70 4 1.86 7.44
MAR179 DUGITE RC 128 718,241 6,657,116 439 200 -62 126 127 1 1.18 1.18
MAR189 DUGITE RC 110 718,229 6,657,083 439 200 -61 38 40 2 2.22 4.44
MAR204 DUGITE RC 100 718,267 6,657,115 439 200 -61 61 87 26 1.10 28.60
MAR205 DUGITE RC 140 718,290 6,657,104 439 200 -61 92 106 14 2.21 30.94
MCC002 DUGITE RC 350 718,236 6,656,921 440 20 -60 144 148 4 0.09 0.36
MCC016 DUGITE RC 212 718,341 6,657,112 438 200 -60 111 112 1 3.05 3.05
MDD006 DUGITE DD 120 718,289 6,657,103 440 200 -60 97.5 102 4.5 1.33 5.99
MRC009 DUGITE RC 40 718,203 6,657,073 440 200 -61 25 27 2 0.00 0.00
MRC117 DUGITE RC 70 718,232 6,657,093 439 200 -61 48 58 10 1.00 10.00
MRC119 DUGITE RC 60 718,242 6,657,086 439 200 -61 43 56 13 1.15 14.95
MRC122 DUGITE RC 75 718,287 6,657,091 439 200 -61 74 75 1 5.94 5.94
MRC133 DUGITE RC 75 718,297 6,657,088 439 200 -61 71 72 1 1.00 1.00
MRC191 DUGITE RC 105 718,295 6,657,081 439 200 -61 69 95 26 1.66 43.16
MRC195 DUGITE RC 95 718,273 6,657,090 440 200 -61 69 71 2 0.38 0.76
MRC196 DUGITE RC 99 718,277 6,657,101 440 200 -61 76 79 3 2.17 6.51
MRC197 DUGITE RC 147 718,281 6,657,114 439 200 -62 78 93 15 1.73 25.95
MRC198 DUGITE RC 120 718,252 6,657,110 439 200 -61 101 103 2 1.26 2.52
MRC275 DUGITE RC 120 718,304 6,657,077 439 200 -60 77 80 3 1.35 4.05
MRC276 DUGITE RC 96 718,304 6,657,112 439 200 -61 53 57 4 0.10 0.40
MRC277 DUGITE RC 72 718,290 6,657,068 439 200 -61 66 68 2 1.83 3.66
MRC279 DUGITE RC 150 718,294 6,657,115 439 200 -61 140 143 3 5.21 15.63
MRC279 DUGITE RC 150 718,294 6,657,115 439 200 -61 99 101 2 2.46 4.92

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

20

ASX ANNOUNCEMENT | 8 April 2025

==> picture [110 x 33] intentionally omitted <==


EOH
From To Width
Hole ID Prospect Hole Type Easting Northing RL Azimuth Dip Au Grade GxM

Depth
(m) (m) (m)
MRC279 DUGITE RC 150 718,294 6,657,115 439 200 -61 92 93 1 2.20 2.20
MRC281 DUGITE RC 120 718,285 6,657,125 439 200 -61 112 113 1 0.12 0.12
MRC283 DUGITE RC 120 718,272 6,657,128 439 200 -61 45 49 4 0.28 1.12
MRC285 DUGITE RC 78 718,244 6,657,097 439 200 -61 76 78 2 3.92 7.84
GSRC001 GOLDSTREAM RC 99 733,388 6,682,597 524 214 -60 6 14 8 1.35 10.80
MAR052 GOLDSTREAM RC 72 719,497 6,656,458 451 235 -61 64 68 4 4.55 18.20
MAR053 GOLDSTREAM RC 70 719,480 6,656,500 449 235 -61 60 64 4 2.25 9.00
MAR068 GOLDSTREAM RC 82 719,426 6,656,568 447 200 -61 38 41 3 1.41 4.23
MAR101 GOLDSTREAM RC 70 719,399 6,656,578 445 200 -61 32 49 17 1.28 21.76
MAR184 GOLDSTREAM RC 75 719,380 6,656,600 444 200 -60 34 36 2 0.40 0.80
MAR185 GOLDSTREAM RC 107 719,460 6,656,520 448 200 -60 66 70 4 2.57 10.28
MARC0013 GOLDSTREAM RC 50 719,478 6,656,457 450 199 -65 46 47 1 0.32 0.32
MARC0014 GOLDSTREAM RC 40 719,412 6,656,567 446 200 -65 16 31 15 2.27 34.05
MC003 GOLDSTREAM RC 97 719,422 6,656,700 400 210 -60 60 64 4 0.06 0.24
MC004 GOLDSTREAM RC 100 719,384 6,656,730 400 200 -60 65 70 5 0.37 1.85
MC007 GOLDSTREAM RC 103 719,401 6,656,727 400 210 -60 80 83 3 0.42 1.26
MRB075 GOLDSTREAM RAB 29 719,331 6,656,609 443 200 -60 25 29 4 14.05 56.20
MRB098 GOLDSTREAM RAB 29 719,313 6,656,625 443 200 -60 21 25 4 3.43 13.72
MRC018 GOLDSTREAM RC 40 719,397 6,656,569 446 200 -60 21 23 2 1.60 3.20
MRC027 GOLDSTREAM RC 75 719,479 6,656,494 449 200 -60 56 57 1 7.78 7.78
MRC028 GOLDSTREAM RC 90 719,483 6,656,504 449 200 -60 67 70 3 2.06 6.18
MRC030 GOLDSTREAM RC 65 719,446 6,656,544 447 200 -60 58 65 7 2.64 18.48
MRC032 GOLDSTREAM RC 35 719,393 6,656,559 446 200 -70 3 14 11 2.00 22.00
MRC033 GOLDSTREAM RC 65 719,405 6,656,587 445 200 -60 46 48 2 1.34 2.68
MRC034 GOLDSTREAM RC 30 719,376 6,656,593 444 200 -67 27 28 1 1.34 1.34
MRC090 GOLDSTREAM RC 25 719,380 6,656,566 445 200 -60 20 21 1 0.00 0.00
MRC091 GOLDSTREAM RC 30 719,383 6,656,574 445 200 -60 26 27 1 0.00 0.00
MRC137 GOLDSTREAM RC 30 719,410 6,656,562 446 200 -60 15 20 5 2.16 10.80
MRC142 GOLDSTREAM RC 57 719,414 6,656,610 445 200 -60 45 47 2 0.10 0.20
MRC143 GOLDSTREAM RC 81 719,388 6,656,625 444 200 -60 67 69 2 0.40 0.80
MRC144 GOLDSTREAM RC 69 719,334 6,656,617 443 200 -60 53 58 5 1.58 7.90
MRC199 GOLDSTREAM RC 48 719,353 6,656,584 444 20 -60 21 29 8 0.73 5.84
MRC200 GOLDSTREAM RC 54 719,325 6,656,590 444 20 -60 20 23 3 1.90 5.70
MRC201 GOLDSTREAM RC 66 719,320 6,656,576 444 20 -60 47 49 2 0.93 1.86
MRC202 GOLDSTREAM RC 78 719,300 6,656,593 444 20 -60 65 71 6 1.05 6.30
MRC243 GOLDSTREAM RC 63 719,207 6,656,556 445 200 -60 21 42 21 1.52 31.92
MRC262 GOLDSTREAM RC 108 719,495 6,656,469 450 200 -60 45 47 2 0.34 0.68
MRC263 GOLDSTREAM RC 84 719,484 6,656,476 450 200 -60 32 34 2 1.17 2.34
MRC263 GOLDSTREAM RC 84 719,484 6,656,476 450 200 -60 68 72 4 0.34 1.36

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

21

ASX ANNOUNCEMENT | 8 April 2025

==> picture [110 x 33] intentionally omitted <==


EOH
From To Width
Hole ID Prospect Hole Type Easting Northing RL Azimuth Dip Au Grade GxM

Depth
(m) (m) (m)
MRC269 GOLDSTREAM RC 60 719,348 6,656,572 444 20 -60 48 52 4 0.00 0.00
MRC270 GOLDSTREAM RC 30 719,354 6,656,597 444 20 -60 23 25 2 0.24 0.48
MRC271 GOLDSTREAM RC 60 719,305 6,656,605 444 20 -61 21 22 1 4.56 4.56
MRC274 GOLDSTREAM RC 60 719,284 6,656,615 443 20 -61 40 46 6 1.56 9.36
MRC304 GOLDSTREAM RC 24 719,504 6,656,423 452 200 -61 38 40 2 0.14 0.28
MRC305 GOLDSTREAM RC 36 719,508 6,656,434 451 200 -61 28 30 2 0.00 0.00
MRC306 GOLDSTREAM RC 54 719,512 6,656,446 451 200 -61 48 50 2 0.02 0.04
MRC311 GOLDSTREAM RC 72 719,470 6,656,509 449 200 -61 64 69 5 4.40 22.00
MRC318 GOLDSTREAM RC 72 719,432 6,656,551 447 200 -61 54 56 2 1.76 3.52
MRC320 GOLDSTREAM RC 48 719,411 6,656,575 446 200 -61 24 36 12 3.48 41.76
MRC347 GOLDSTREAM RC 60 719,419 6,656,588 446 200 -61 58 60 2 0.49 0.98
MAR032 PYTHON RC 50 718,698 6,656,627 452 200 -61 36 44 8 0.76 6.08
MAR057 PYTHON RC 50 718,906 6,656,609 452 200 -61 32 36 4 1.13 4.52
MAR058 PYTHON RC 56 718,932 6,656,680 449 200 -61 34 46 12 1.05 12.60
MAR060 PYTHON RC 50 718,691 6,656,603 454 200 -61 46 48 2 0.39 0.78
MAR063 PYTHON RC 50 718,643 6,656,640 452 200 -60 18 32 14 0.94 13.16
MAR064 PYTHON RC 50 718,600 6,656,670 450 200 -60 14 22 8 0.48 3.84
MAR142 PYTHON RC 70 718,732 6,656,641 454 200 -61 64 68 4 0.43 1.72
MAR152 PYTHON RC 68 718,617 6,656,690 449 200 -61 48 54 6 0.35 2.10
MAR153 PYTHON RC 90 718,659 6,656,659 451 200 -61 68 70 2 0.22 0.44
MAR156 PYTHON RC 130 718,772 6,656,676 453 200 -62 90 122 32 2.05 65.60
MAR159 PYTHON RC 110 718,829 6,656,685 452 200 -61 86 88 2 0.14 0.28
MAR163 PYTHON RC 93 718,886 6,656,698 451 200 -61 82 83 1 0.48 0.48
MAR166 PYTHON RC 60 718,925 6,656,659 450 200 -61 36 40 4 3.98 15.92
MAR167 PYTHON RC 90 718,940 6,656,700 449 200 -61 57 58 1 0.98 0.98
MAR193 PYTHON RC 60 718,674 6,656,627 452 200 -61 28 30 2 0.29 0.58
MAR195 PYTHON RC 70 718,921 6,656,720 448 200 -61 55 70 15 2.00 30.00
MAR206 PYTHON RC 144 718,781 6,656,701 451 200 -61 109 131 22 2.01 44.22
MAR207 PYTHON RC 125 718,848 6,656,739 450 200 -61 98 100 2 0.07 0.14
MAR208 PYTHON RC 120 718,881 6,656,755 449 200 -61 71 93 22 2.02 44.44
MAR209 PYTHON RC 110 718,903 6,656,743 449 200 -61 83 90 7 3.10 21.70
MAR209 PYTHON RC 110 718,903 6,656,743 449 200 -61 64 68 4 2.37 9.48
MAR210 PYTHON RC 114 718,929 6,656,741 447 200 -61 87 89 2 1.34 2.68
MAR211 PYTHON RC 100 718,959 6,656,677 448 200 -61 42 53 11 1.24 13.64
MARC0016 PYTHON RC 112 718,913 6,656,734 448 204 -63 78 79 1 1.31 1.31
MARC0018 PYTHON RC 140 718,902 6,656,777 447 201 -60 98 123 25 2.59 64.75
MARC0019 PYTHON RC 100 718,814 6,656,681 452 200 -60 86 87 1 1.08 1.08
MARC0020 PYTHON RC 85 718,716 6,656,632 453 198 -59 55 66 11 2.37 26.07
MARC0021 PYTHON RC 110 718,264 6,657,107 439 200 -60 55 66 11 2.37 26.07

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

22

ASX ANNOUNCEMENT | 8 April 2025

==> picture [110 x 33] intentionally omitted <==


EOH
From To Width
Hole ID Prospect Hole Type Easting Northing RL Azimuth Dip Au Grade GxM

Depth
(m) (m) (m)
MARC0025 PYTHON RC 100 718,864 6,656,746 449 202 -60 86 89 3 1.15 3.45
MARC0026 PYTHON RC 130 718,871 6,656,764 449 201 -61 87 98 11 1.20 13.20
MCC001 PYTHON RC 305 718,841 6,656,864 444 200 -60 291 292 1 0.16 0.16
MCC017 PYTHON RC 261 718,874 6,656,810 447 200 -60 113 130 17 2.00 34.00
MCC017 PYTHON RC 261 718,874 6,656,810 447 200 -60 201 203 2 3.12 6.24
MCC018 PYTHON RC 219 718,961 6,656,756 446 200 -60 118 120 2 0.60 1.20
ME010 PYTHON RC 154 718,778 6,656,690 452 0 -90 119 123 4 3.51 14.04
ME011 PYTHON RC 133 718,767 6,656,694 452 0 -90 116 119 3 3.16 9.48
MRC036 PYTHON RC 30 718,968 6,656,637 450 200 -65 28 29 1 0.28 0.28
MRC037 PYTHON RC 45 718,973 6,656,648 449 200 -65 26 35 9 0.71 6.39
MRC038 PYTHON RC 30 718,948 6,656,654 450 200 -61 26 27 1 0.05 0.05
MRC039 PYTHON RC 45 718,953 6,656,666 449 200 -65 30 45 15 1.17 17.55
MRC040 PYTHON RC 75 718,963 6,656,689 448 200 -61 56 57 1 0.48 0.48
MRC041 PYTHON RC 30 718,901 6,656,598 452 200 -66 25 26 1 0.66 0.66
MRC042 PYTHON RC 60 718,910 6,656,620 451 200 -61 44 48 4 4.01 16.04
MRC044 PYTHON RC 58 718,928 6,656,671 450 200 -61 47 54 7 0.64 4.48
MRC045 PYTHON RC 65 718,935 6,656,690 449 200 -61 35 60 25 0.70 17.50
MRC054 PYTHON RC 70 718,880 6,656,689 451 200 -61 69 70 1 24.90 24.90
MRC061 PYTHON RC 90 718,876 6,656,744 449 200 -61 62 72 10 1.26 12.60
MRC069 PYTHON RC 110 718,767 6,656,663 453 200 -61 87 97 10 1.94 19.40
MRC075 PYTHON RC 70 718,727 6,656,628 454 200 -61 52 56 4 0.52 2.08
MRC092 PYTHON RC 95 718,805 6,656,692 452 200 -61 81 82 1 0.52 0.52
MRC147 PYTHON RC 45 718,996 6,656,636 449 200 -61 31 33 2 0.06 0.12
MRC148 PYTHON RC 61 719,001 6,656,651 448 200 -61 43 51 8 0.15 1.20
MRC149 PYTHON RC 63 718,980 6,656,664 448 200 -61 49 51 2 0.32 0.64
MRC150 PYTHON RC 51 718,928 6,656,595 450 200 -61 28 36 8 0.42 3.36
MRC151 PYTHON RC 69 718,937 6,656,618 450 200 -61 53 55 2 0.22 0.44
MRC152 PYTHON RC 69 718,914 6,656,631 451 200 -61 57 60 3 1.15 3.45
MRC154 PYTHON RC 123 718,905 6,656,754 448 200 -61 76 88 12 3.30 39.60
MRC226 PYTHON RC 135 718,713 6,656,660 452 200 -62 83 99 16 1.80 28.80
MRC231 PYTHON RC 117 718,749 6,656,652 454 200 -62 78 90 12 0.35 4.20
MRC232 PYTHON RC 129 718,754 6,656,663 453 200 -61 69 115 46 2.20 101.20
MRC234 PYTHON RC 132 718,836 6,656,681 452 200 -62 76 77 1 1.64 1.64
MRC236 PYTHON RC 99 718,922 6,656,642 451 200 -61 48 49 1 1.76 1.76
MRC237 PYTHON RC 141 718,884 6,656,768 448 200 -62 78 100 22 1.85 40.70
MRC238 PYTHON RC 111 718,794 6,656,661 453 200 -61 79 83 4 3.69 14.76
MRC253 PYTHON RC 81 718,707 6,656,641 452 200 -60 67 74 7 2.12 14.84
MRC254 PYTHON RC 123 718,718 6,656,674 452 200 -61 87 104 17 1.16 19.72
MRC255 PYTHON RC 108 718,733 6,656,642 454 200 -61 68 71 3 5.30 15.90

Leeuwin Metals Ltd ASX:LM1 | www.leeuwinmetals.com

23

ASX ANNOUNCEMENT | 8 April 2025

==> picture [110 x 33] intentionally omitted <==


EOH
From To Width
Hole ID Prospect Hole Type Easting Northing RL Azimuth Dip Au Grade GxM

Depth
(m) (m) (m)
MRC256 PYTHON RC 122 718,742 6,656,665 453 200 -61 83 112 29 0.93 26.97
MRC258 PYTHON RC 138 718,763 6,656,687 452 200 -62 97 119 22 1.51 33.22
MRC259 PYTHON RC 144 718,771 6,656,711 451 200 -62 103 120 17 1.72 29.24
MRC374 PYTHON RC 80 718,840 6,656,715 450 200 -60 69 70 1 0.02 0.02
PYRC020 PYTHON RC 95 718,865 6,656,674 452 202 -60 63 64 1 1.15 1.15
PYRC021 PYTHON RC 100 718,872 6,656,692 451 202 -60 92 93 1 0.01 0.01
PYRC022 PYTHON RC 110 718,878 6,656,711 450 202 -60 79 80 1 0.27 0.27
PYRC024 PYTHON RC 85 718,878 6,656,685 451 202 -60 63 64 1 1.32 1.32
PYRC028 PYTHON RC 80 718,891 6,656,674 451 202 -60 62 65 3 3.18 9.54
PYRC029 PYTHON RC 100 718,900 6,656,697 450 199 -60 67 83 16 1.43 22.88
PYRC035 PYTHON RC 80 718,930 6,656,707 448 202 -60 54 55 1 1.16 1.16
PYRC039 PYTHON RC 114 718,748 6,656,647 454 202 -60 103 105 2 2.65 5.30
PYRC040 PYTHON RC 120 718,757 6,656,671 453 202 -60 98 120 22 3.27 71.94
PYRC040 PYTHON RC 120 718,757 6,656,671 453 202 -60 78 91 13 0.80 10.40
PYRC042 PYTHON RC 95 718,754 6,656,627 455 202 -60 67 77 10 1.30 13.00
PYRC043 PYTHON RC 84 718,791 6,656,728 450 202 -60 0 1 1 0.00 0.00
PYRC044 PYTHON RC 135 718,793 6,656,690 451 202 -60 113 134 21 1.65 34.65
PYRC047 PYTHON RC 126 718,799 6,656,678 452 202 -60 124 125 1 0.31 0.31
PYRC056D PYTHON DD 129 718,896 6,656,758 448 202 -60 66 97.4 31.4 1.77 55.58
PYRC056D PYTHON DD 129 718,896 6,656,758 448 202 -60 123 128 5 2.85 14.25
PYRC059 PYTHON RC 108 718,919 6,656,750 447 202 -60 90 97 7 0.99 6.93
PYRC061 PYTHON RC 60 718,928 6,656,666 450 202 -60 44 46 2 1.40 2.80
PYRC064D PYTHON DD 70 718,916 6,656,706 449 0 -90 48.36 49 0.64 0.20 0.13
MAB0160 TAIPAN RAB 18 717,727 6,656,879 448 0 -90 4 18 14 0.45 6.30
MAR009 TAIPAN RC 84 717,739 6,656,909 446 200 -61 48 50 2 0.43 0.86
MAR111 TAIPAN RC 68 717,651 6,656,959 446 200 -61 24 34 10 4.42 44.20
MAR112 TAIPAN RC 69 717,603 6,656,976 445 200 -61 26 30 4 3.07 12.28
MAR113 TAIPAN RC 81 717,580 6,656,986 444 200 -61 59 61 2 2.35 4.70
MAR133 TAIPAN RC 35 717,647 6,656,950 446 200 -60 16 19 3 1.87 5.61
MCC019 TAIPAN RC 253 717,662 6,656,975 445 20 -61 68 72 4 0.17 0.68
MRB125 TAIPAN RAB 31 717,490 6,656,937 446 20 -60 13 31 18 0.50 9.00
MRB126 TAIPAN RAB 31 717,494 6,656,955 445 200 -60 17 31 14 0.66 9.24
MRC155 TAIPAN RC 39 717,930 6,656,846 447 200 -61 26 28 2 0.02 0.04
MRC156 TAIPAN RC 39 717,936 6,656,862 446 200 -61 20 22 2 0.02 0.04
MRC157 TAIPAN RC 45 717,950 6,656,878 445 200 -61 17 18 1 2.00 2.00
MRC158 TAIPAN RC 45 717,875 6,656,851 447 200 -61 20 23 3 1.68 5.04
MRC159 TAIPAN RC 63 717,883 6,656,874 447 200 -61 50 52 2 0.00 0.00
MRC160 TAIPAN RC 39 717,825 6,656,849 448 200 -61 26 28 2 0.06 0.12
MRC161 TAIPAN RC 69 717,833 6,656,872 447 200 -61 34 38 4 0.10 0.40

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EOH
From To Width
Hole ID Prospect Hole Type Easting Northing RL Azimuth Dip Au Grade GxM

Depth
(m) (m) (m)
MRC162 TAIPAN RC 27 717,774 6,656,862 448 200 -61 8 10 2 0.10 0.20
MRC163 TAIPAN RC 69 717,782 6,656,885 447 200 -61 60 62 2 0.02 0.04
MRC164 TAIPAN RC 33 717,732 6,656,888 447 200 -61 16 27 11 0.80 8.80
MRC165 TAIPAN RC 51 717,692 6,656,924 446 20 -61 30 31 1 1.34 1.34
MRC166 TAIPAN RC 57 717,686 6,656,898 446 20 -61 36 42 6 1.66 9.96
MRC167 TAIPAN RC 63 717,659 6,656,977 445 200 -61 33 34 1 1.02 1.02
MRC168 TAIPAN RC 90 717,609 6,656,996 444 200 -61 59 85 26 0.74 19.24
MRC245 TAIPAN RC 33 717,570 6,656,963 445 200 -61 6 18 12 1.53 18.36
MRC246 TAIPAN RC 57 717,574 6,656,974 445 200 -61 25 27 2 1.17 2.34
MRC247 TAIPAN RC 57 717,550 6,656,971 445 200 -61 44 45 1 1.18 1.18
MRC248 TAIPAN RC 69 717,495 6,656,968 444 200 -61 47 51 4 4.73 18.92
MRC248 TAIPAN RC 69 717,495 6,656,968 444 200 -61 65 66 1 3.66 3.66
MRC325 TAIPAN RC 30 717,645 6,656,943 446 200 -61 10 12 2 0.26 0.52
MRC326 TAIPAN RC 48 717,624 6,656,959 446 200 -61 32 34 2 8.25 16.50
MRC327 TAIPAN RC 60 717,628 6,656,971 445 200 -61 36 46 10 1.16 11.60
MRC328 TAIPAN RC 30 717,595 6,656,954 445 200 -61 28 29 1 0.00 0.00
MRC329 TAIPAN RC 48 717,600 6,656,965 445 200 -61 30 36 6 0.97 5.82
MRC330 TAIPAN RC 42 717,543 6,656,958 445 200 -61 35 37 2 0.52 1.04
MRC331 TAIPAN RC 36 717,516 6,656,956 444 200 -61 28 30 2 2.00 4.00
MRC332 TAIPAN RC 72 717,520 6,656,968 444 200 -61 38 40 2 1.18 2.36
MRC333 TAIPAN RC 48 717,495 6,656,954 445 200 -61 18 27 9 1.12 10.08
MRC334 TAIPAN RC 48 717,451 6,656,944 446 200 -61 34 36 2 0.62 1.24
MRC335 TAIPAN RC 48 717,462 6,656,953 445 200 -61 32 35 3 1.13 3.39

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Section 1: Sampling techniques and data

Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (e.g., cut
channels,
random
chips,
or
specific
specialised
industry
standard
measurement tools appropriate to the
minerals
under
investigation,
such
as
downhole gamma sondes, or handheld XRF
instruments, etc.). These examples should
not be taken as limiting the broad meaning
of sampling.
Sampling was completed using a combination of Reverse Circulation (RC)
and Diamond Drilling (DD). RC drill samples were collected at 1m intervals in
a cyclone at the side of the drilling rig and a sub-sample collected via a riffle
or cone splitter. The remaining portion was laid out on the ground for logging.
Occasional wet samples were not split but collected in a plastic bag then
spear sampled. Some samples were collected as 2m or 4m composites.
Diamond Drilling (DD) core was sampled as 1m or geologically selected
intervals. Core was sawn to provide half core samples for analysis. Core
outside lode or mineralised zones is not always sampled.
Include reference to measures taken to
ensure
sample
representivity
and
the
appropriate
calibration
of
any
measurement tools or systems used.
All sampling by conventional gold industry drilling methods.
Aspects
of
the
determination
of
mineralisation that are Material to the Public
Report. In cases where ‘industry standard’
work has been done this would be relatively
simple (e.g., ‘reverse circulation drilling was
used to obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g charge for
fire assay’). In other cases, more explanation
may be required, such as where there is
coarse gold that has inherent sampling
problems.
Unusual
commodities
or
mineralisation
types
(e.g.,
submarine
nodules) may warrant disclosure of detailed
information.
Sampling Technique details for historic drilling are often partial or unknown.
Early RC drilling may have been collected in bagged 1m samples and
manually riffle split.
Drilling
techniques
Drill type (e.g., core, reverse circulation,
open-hole hammer, rotary air blast, auger,
Bangka, sonic, etc.) and details (e.g., core
diameter, triple or standard tube, depth of
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc.).
Numerous holes drilled by Gondwana (1990's) and Southern Cross Gold
(2011) as mostly RC drilling, plus moderate DD holes. RMS drilled additional
RC infill holes between 2019-2023 which confirmed earlier drillholes.
Drill sample
recovery
Method of recording and assessing core
and chip sample recoveries and results
assessed.
Core recovery has been logged for more recent drilling (post 2019) and is
generally excellent (≈100%). Minor wet intervals occur and can affect RC
sample recovery. Chip sample recovery is generally not logged but noted if
wet sample or other issues (rare). Voids relating to historic UG workings are
logged as open or filled stope voids.
Measures
taken
to
maximise
sample
recovery and ensure representative nature
of the samples.
Sample recovery at all deposits is generally excellent in weathered and fresh
rocks. Recent drilling has utilised RC rigs of sufficient size and air capacity to
maximise recovery and provide dry chip samples or using significant
diamond drilling, RC primary, duplicate and total sample was weighed and
graphed at the rig to check sample recovery and interval accuracy.
Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential
loss/gain
of
fine/coarse
material.
No indication of sample bias is evident or has been established.
Logging Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Recent drilling (+2019) has been logged for lithology, oxidation, alteration,
veining, textures and sulphides and all core is photographed and unsampled
core retained. Chip-trays are retained for RCprecollars and holes. Older

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Criteria JORC Code explanation Commentary
Resource estimation, mining studies and
metallurgical studies.
drilling generally has a minimum of lithology is logged for +90% of holes, with
varying degrees of other information.
Whether
logging
is
qualitative
or
quantitative in nature. Core (or costean,
channel, etc.) photography.
Drillhole logging of RC chips & DD core is qualitative on visual recordings of
rock forming minerals & estimates of mineral abundance.
The total length and percentage of the
relevant intersections logged.
The entire length of drillholes are geologically logged
Subsampling
techniques
and sample
preparation
If core, whether cut or sawn and whether
quarter, half or all core taken.
Recent core holes are sawn and sampled as half core. Some 1/4 core
sampling has occurred as checks. Older drilling details incomplete but where
available were similar.
If non-core, whether riffled, tube sampled,
rotary split, etc. and whether sampled wet or
dry.
Recent RC holes were sub-sampled by rig mounted cone or riffle splitter.
Majority of old drilling details unknown. Occasional wet samples spear
sampled from plastic bags.
For all sample types, the nature, quality, and
appropriateness of the sample preparation
technique.
The sampling protocol implemented is considered to be appropriate and
industry standard for dealing with rock chip samples.
Quality control procedures adopted for all
subsampling
stages
to
maximise
representivity of samples.
Recent RC samples have field duplicate samples taken at regular intervals
and compared. For older sampling reports exist referencing similar methods,
however detailed information is incomplete or lacking for the majority of
older data or exists in hardcopy formats which have not been systematically
investigated
Measures taken to ensure that the sampling
is representative of the in-situ material
collected, including for instance results for
field duplicate/second-half sampling.
All recent samples sub-sampled using accepted splitting techniques and
have been delivered to laboratory for total preparation by crushing and
pulverisation, before being sub-sampled for analysis.
Whether sample sizes are appropriate to the
grain size of the material being sampled.
Sample sizes are generally appropriate for grain size and material types
being sampled.
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of
the assaying and laboratory procedures
used
and
whether
the
technique
is
considered partial or total.
Recent assaying (+2019) has all been by commercial laboratories including
ALS, SGS, KalAssay and Genalysis, typically by 40-50g Fire Assay to give total
contained gold. Earlier assaying includes a number of techniques and
laboratories and details are often incomplete or unknown.
For
geophysical
tools,
spectrometers,
handheld
XRF
instruments,
etc.,
the
parameters
used
in
determining
the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.
No geophysical tools or portable XRF instruments were utilised.
Nature
of
quality
control
procedures
adopted (e.g., standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (i.e., lack of
bias) and precision have been established.
Recent assaying (+2019) has had QAQC measures including certified
reference standards, field duplicates, blank samples and umpire laboratory
check samples carried out for all deposits and shows acceptable levels of
accuracy and precision. For older data reports and tables exist, referencing
similar QAQC methods, however detailed information is incomplete or
lacking for the majority of old data.
Verification of
sampling and
assaying
The verification of significant intersections
by
either
independent
or
alternative
company personnel.
The Competent person has verified significant intersections of recent drilling
during the review of the project utilising Ramelius’ Marda database.
The use of twinned holes. In most project areas holes were not twinned.
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
All recent data (+2019) has been documented in digital format, verified and
stored by the Company.
Discuss any adjustment to assay data. No adjustments were made to the assay data.

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Criteria JORC Code explanation Commentary
Location of
data points
Accuracy and quality of surveys used to
locate drillholes (collar and downhole
surveys), trenches, mine workings and other
locations
used
in
Mineral
Resource
estimation.
Recent (+2019) collars have been surveyed by DGPS instruments to sub-
metre accuracy. All recent holes were downhole surveyed using electronic
camera or gyroscopic survey tools. Old: Collar survey method is not always
recorded for all old holes. Downhole surveys not available for all older drilling.
If present, downhole survey method frequently unknown.
Specification of the grid system used. Any grid references are presented in MGD94 zone 50.
Quality and adequacy of topographic
control.
Topographic control is based on government topographic maps and GPS.
This method of topographic control is deemed adequate.
Data spacing
and
distribution
Data spacing for reporting of Exploration
Results.
Due to the stage of the Project the sample spacing is appropriate.
Whether the data spacing and distribution is
sufficient
to
establish
the
degree
of
geological
and
grade
continuity
appropriate for the Mineral Resource and
Ore Reserve estimation procedure(s) and
classifications applied
Data spacing is considered sufficient to establish geological and grade
continuities for reporting exploration results.
Whether sample compositing has been
applied.
Compositing has been applied for reporting drill intercepts using weighted
average.
Orientation of
data in
relation to
geological
structure
Whether
the
orientation
of
sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.
The core drilling and RC drilling is completed orthogonal to the interpreted
strike of the deposits. A number of scissor holes exist at most deposits. Marda
ore zones are generally vertical.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
No bias considered present for all project areas. Minor potential for
orientation bias for some individual holes exists, but no bias is believed
evident at broader scales
Sample
security
The measures taken to ensure sample
security.
All recent (+2019) samples have been collected by Ramelius geological staff.
Samples are transported to the laboratory by commercial transport
companies. The laboratory receipts received samples against the sample
dispatch documents and issues a reconciliation report for every sample
batch.
Audits or
reviews
The results of any audits or reviews of
sampling techniques and data.
There have been no audits or reviews of sampling techniques and data.

Section 2: Reporting of exploration results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location
and ownership including agreements or
material issues with third parties such as
joint ventures, partnerships, overriding
royalties, native title interests, historical
sites, wilderness or national park and
environmental settings.
The security of the tenure held at the time
of reporting along with any known
impediments to obtaining a licence to
operate in the area.









All project areas at Marda are located on 100% owned Leases unless
otherwise stated. Below is the full list of tenure:
M 77/1300 (Pending), E 77/1322-I, E 77/1741-I, E 77/1899-I, E 77/1921-I, E
77/2109-I, E 77/2124, E 77/2141-I, E 77/2165, E 77/2171, E 77/2202, E 77/2260, E
77/2269-I, E 77/2272-I, E 77/2274-I, E 77/2275-I, E 77/2288-I, G 77/120, G
77/35, L 77/238, L 77/239, L 77/240, L 77/241, L 77/242, L 77/258, L 77/259, L
77/260, L 77/261, L 77/268, L 77/351, M 77/1259-I, M 77/1261-I, M 77/1271, M
77/1272, M 77/394-I, M 77/576, M 77/646-I, M 77/824, M 77/931-I, M 77/962-
I, P 77/4179, P 77/4180, P 77/4181, E 77/1721-I (Pending), E 77/1791 (Pending),
E 77/2105 (Pending), E 77/2654 (Pending) (together, the Project
Tenements).
The followingtenure arependingexploration leases,E 77/1721-I,E 77/1791,

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Criteria JORC Code explanation Commentary
E 77/2105, E 77/2654, with the majority of these leases being within the
expanded boundary of the Helena Aurora & Die Hardy Range National
Parks (FNA 14564 and 15840) and is within land allocated under Plan for
Our Parks.
Marda Operations has the non-iron ore rights in one exploration licence
(E77/1721) and two mining licences (M77/1259 and M77/1261). These
tenements are managed by Mineral Resources Limited. Additionally,
exploration licence application E77/2105 applied for by Jayvee
Resources Pty Ltd, Marda has 100% beneficial ownership of the gold
rights. Note Marda have also applied for E77/2654, which covers the
exact same area as E77/2105. Marda Operations Pty Ltd is currently the
holder of E77/2272-I, this tenement is subject to a transfer to Polaris
Metals Pty Ltd.
The Marda Gold Project is entirely within the Marlinyu Ghoorlie claim
area. The claim was filed with the Federal Court (WAD647/2017) on the
22 December 2017 and was entered on the register of the National Native
Title Tribunal (WC2017/007) on the 28 March 2019, the claim has been
under review through Federal Court proceedings, has not yet been
finalised.
Please refer to ASX release dated December 20, 2024 for historical
information relating to the tenure.
The tenements are in good standing an no known impediments exist.
Exploration
done by other
parties
Acknowledgment
and
appraisal
of
exploration by other parties.
Marda area discovered in late 1800's. Minor historical workings mainly a
Dolly Pot deposit. Modern exploration by Chevron 1980's, Cyprus Gold
1990's,
Savage
Resources
late
1990's
and
Southern
Cross
Goldfields/Black Oak Minerals from 2011-2014. Ramelius acquisition &
drilling 2019 with production between 2019 and 2023.
Geology Deposit type, geological setting and style
of mineralisation.
Mineralisation is likely controlled by shear zones/fault zones passing
through competent BIF rock units, hosted with mafic/ultramafic
stratigraphy. Gold is associated with pyrite alteration in brecciated BIF,
+/- quartz. Deep weathering has likely generated supergene
enhancement of gold at shallow to moderate depths.
Drillhole
information
A summary of all information material to
the understanding of the exploration
results including a tabulation of the
following information for all Material
drillholes:

easting and northing of the
drillhole collar

elevation or RL (elevation above
sea level in metres) of the
drillhole collar

dip and azimuth of the hole

downhole
length
and
interception depth hole length.
Please refer to Appendix B - Table 1 of the release for co-ordinates
relevant to published drill results.
If the exclusion of this information is
justified on the basis that the information
is not Material and this exclusion does not
detract from the understanding of the
report, the Competent Person should
clearly explain why this is the case.
Drill intercepts have been reported based on a >0.3g/t Au cut off grade.
With all drill results reported within the release in summary tables.
The reporting of the holes in this report are deemed to be reasonable by
the competent person.
See LM1 ASX release dated December 20, 2024 for drill intercepts
reported outside of todays reporting.

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Criteria JORC Code explanation Commentary
Data
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g., cutting
of high grades) and cut-off grades are
usually Material and should be stated.
Drill intercepts have been reported based on a >0.3g/t Au cut off grade
with up to 6m of internal dilution. With intervals based on geological
boundaries. With all drill results reported within the release suggest
using a >0.3g/t cut off is adequate.
The reporting of the selected holes in this announcement are deemed
to be reasonable by the competent person.
Gram x Meter values were provided.
Relationship
between
mineralisation
widths and
intercept
lengths
If the geometry of the mineralisation with
respect to the drillhole angle is known, its
nature should be reported.
If it is not known and only the down hole
lengths are reported, there should be a
clear statement to this effect (e.g.,
‘downhole length,true width not known’).
The majority of the drill holes are drilled as close to orthogonal to the
plane of the mineralised lodes as possible. A number of drill holes have
intersected the mineralisation at high angles.
Only down hole lengths are reported.
Diagrams Appropriate maps and sections (with
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These should
include, but not be limited to a plan view
of
drillhole
collar
locations
and
appropriate sectional views.
Exploration plans and diagrams are included in the body of this release
as deemed appropriate by the Competent Person.
Balanced
reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and
high grades and/or widths should be
practiced to avoid misleading reporting
of Exploration Results.
Only significant results from Marda Central project area has been
reported due today. The reporting of the selected holes in this
announcement are deemed to be reasonable by the competent person.
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including
(but
not
limited
to):
geological
observations; geophysical survey results;
geochemical
survey
results;
bulk
samples – size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminatingsubstances.
All relevant and material exploration data for the target areas
discussed, has been reported or referenced.
Further work The nature and scale of planned further
work (e.g., tests for lateral extensions or
depth extensions or large-scale step-out
drilling).
Please refer to the body of this release, noting further exploration is
warranted across the project.
Diagrams clearly highlighting the areas
of possible extensions, including the main
geological interpretations and future
drilling areas, provided this information is
not commerciallysensitive.

Where relevant this information has been provided. Please refer to the
body of this release.

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