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LM1 - Leeuwin Metals

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Leeuwin Metals Ltd is a mineral exploration company that is focused on acquiring, exploring and developing Nickel and Lithium projects, together with considering other critical minerals opportunities, within Canada and Australia.

The Company's asset portfolio comprises five project areas across Canada and Western Australia. The Company's flagship asset is the 100% owned William Lake Nickel Project in Manitoba situated within the world class Thompson Nickel belt. Leeuwin intends to target extensions to high-grade nickel sulphide mineralisation to define a scalable economic project.

In parallel and assuming grant of title, Leeuwin will seek to advance its Jenpeg Lithium Project also located in Manitoba. The project includes a strategic +600km2 land package within a geographical area having known lithium potential with pegmatite swarms observed in outcrop over a strike of 6 km. The confirmed presence of spodumene-bearing pegmatites within the project provides a compelling case for lithium exploration.

Secondary to Leeuwin’s advanced stage Manitoban exploration projects, will be methodically exploring a complimentary set of three greenfield projects, prospective for lithium bearing pegmatites and rare earth elements in Ontario (Canada) and the Gascoyne and Pilbara regions of Western Australia.

It is anticipated that LM1 will list on the ASX on 31 March 2023.

 
Listing date29 March 2023 12:00 PM AEDT ##
Company contact detailshttps://www.leeuwinmetals.com/
Ph: +61 8 6556 6427
Principal ActivitiesMining
industry groupTBA
Issue PriceAUD 0.25
Issue TypeOrdinary Fully Paid Shares
Security codeLM1
Capital to be Raised$8,000,000
Expected offer close date10 March 2023
UnderwriterNot underwritten. Discovery Capital Partners Pty Ltd (Lead Manager)
 
Solid start for LM1 following its recent listing with the share price hitting a high of 33c this morning after the company announced that it has commenced drilling at its William Lake Nickel Project in Manitoba, Canada.

A 5,000m diamond drilling campaign is underway coupled with the use of Down Hole Electro-Magnetics (DHEM). Management has done well to move things since listing in March.

LM1 is on my watchlist and is definitely a stock to watch in the second half of 2023.
 
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