# Leeuwin Metals uncorks cashflow opportunity from Marda tailings Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/leeuwin-metals-uncorks-cashflow-opportunity-from-marda-tailings--11d74b10-8598-492a-aab9-fecd381a5be5 Original source: https://stockhead.com.au/resources/leeuwin-metals-uncorks-cashflow-opportunity-from-marda-tailings/ Publisher: stockhead Original announcement: 2026-09-23T01:19:03.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Leeuwin Metals - Ticker: LM1 - Exchange: Unavailable - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Drill results - Extracted: 2026-09-23 03:03:24 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Leeuwin Metals has confirmed gold presence in the historic Butcher Bird tailings at its Marda project in Western Australia via auger sampling. The results \(0.60g/t Au average\) suggest a potential low-cost processing opportunity to supplement the project's existing 11.4Mt gold resource. Reasoning: The announcement reports encouraging auger results from historic tailings, providing a potential early cashflow avenue alongside the existing Marda gold resource. - Positive factor: Gold confirmed in historic tailings - Positive factor: Low-cost processing opportunity identified - Positive factor: Existing resource base established Facts used in scoring: 3 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The auger sampling targets historic tailings residue, representing a new avenue for gold assessment at the Marda project. Evidence · text > Leeuwin Metals has confirmed gold in historic tailings at its Marda project in WA, opening another avenue to assess early cashflow **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document reports a significant portion of the Marda resource is in the Inferred category. Evidence · text > comprising 104,000oz indicated and 274,600oz inferred ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/leeuwin-metals-uncorks-cashflow-opportunity-from-marda-tailings--11d74b10-8598-492a-aab9-fecd381a5be5#fact-drill-facts-0) Marda · gold #### Identity - Project: Marda - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: LM1 #### Geometry - Grade: 0.6 - Grade Unit: g/t #### Classification - Sample Type: surface #### Location - Location: Butcher Bird tailings at Marda Central - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Encouraging average grade from handheld auger samples in historic tailings. - Positive factor: Gold confirmed in tailings Evidence · text > Ten handheld auger samples from the Butcher Bird tailings at Marda Central returned an average 0.60g/t gold #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/leeuwin-metals-uncorks-cashflow-opportunity-from-marda-tailings--11d74b10-8598-492a-aab9-fecd381a5be5#fact-resource-facts-1) Marda · gold #### Identity - Project: Marda - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LM1 #### Resource scope - Estimate type: resource - Resource group id: resource:815cc7b6991e98a2dd45 #### Resource Data - Category: indicated - Tonnes: 11400000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 104000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Indicated portion of the existing Marda resource. - Positive factor: Established resource base Evidence · text > current resource totalling 11.4Mt at 1.03g/t gold for 378,600oz, comprising 104,000oz indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/leeuwin-metals-uncorks-cashflow-opportunity-from-marda-tailings--11d74b10-8598-492a-aab9-fecd381a5be5#fact-resource-facts-2) Marda · gold #### Identity - Project: Marda - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: LM1 #### Resource scope - Estimate type: resource - Resource group id: resource:65528002dd9f613865ce #### Resource Data - Category: inferred - Tonnes: 11400000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 274600 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Inferred portion of the existing Marda resource. - Negative factor: High inferred component Evidence · text > current resource totalling 11.4Mt at 1.03g/t gold for 378,600oz, comprising 104,000oz indicated and 274,600oz inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.