Leeuwin Metals Ltd (ASX:LM1) is advancing exploration targeting lithium and rare earth elements (REE) at its Gascoyne Project in an emerging critical metals region of Western Australia.
The newly listed critical metals explorer collected 1,000 soil samples, aiming to define the extent of anomalous units and pegmatites previously identified through its field mapping and rock chip sampling programs.
Collected samples have been submitted for laboratory analysis with results anticipated in six weeks.
The Gascoyne Project complements Leeuwin's focus on critical metals as it simultaneously advances its core projects in Manitoba, Canada.
“Emerging region”
Leeuwin managing director Christopher Piggott said: “As we make progress on our core Canadian projects in Manitoba, we seized the opportunity to conduct the soil sample program at the Gascoyne Project in the highly prospective Gascoyne region of Western Australia.
“This program is a continuation of our exploration activities, targeting the anomalies of lithium-cesium-tantalum (LCT).
“We are excited about the potential as we explore previously unsampled pegmatite swarms.
“The project, is in an emerging region with several significant REE and lithium projects, by companies such as Kingfisher (LON:KGF) Mining, Dreadnought Resources and Delta Lithium, to name a few.
“Since listing on the ASX, less than three months ago, Leeuwin has focused on delivering our planned milestones with cost-effective exploration.
“We are dedicated to creating value for our shareholders through our pursuit of critical metals."
About the project
With the grant of tenement E09/2721, the company has enhanced its strategic landholding in the highly prospective Gascoyne region.
The project is strategically located in close proximity to significant mineral occurrences, including Kingfisher Mining Limited's MW2 REE discovery.
The region was historically significant for gold, base metals, tungsten and uranium exploration but is now garnering attention for its untapped potential for lithium and rare earth elements.