Leeuwin Metals Ltd. has signed a memorandum of understanding (MoU) with local Bain Global Resources Pty Ltd. and its affiliate MEGA Resources Pty Ltd. to advance the Marda gold project in Western Australia.
The MoU establishes a collaborative framework to evaluate development, mining, processing, and funding pathways for Leeuwin’s Marda gold project.
The project currently hosts a substantial JORC-compliant maiden mineral resource estimate of 10.2 million tonnes at 1.05 grams per tonne for 342,300 ounces of gold.
Under the scope of the partnership agreement, the three companies will jointly investigate commercial structures.
This includes potential investment capital and project development support from Bain, alongside turnkey contract mining and operational services from MEGA.
The partnership will also assess processing solutions, ranging from the construction or acquisition of dedicated infrastructure to third-party toll treatment.
Beyond the Marda deposit, the parties intend to evaluate broader exploration opportunities across their combined tenement holdings.
Leeuwin Executive Chairman Christopher Piggott said: “Bringing in Bain and MEGA pairs serious mine development, operating and funding capability with our growing Marda gold resource, and MEGA is genuinely keen to collaborate and help unlock its potential.
“With an updated Marda mineral resource estimate on the way, the timing is ideal to be evaluating real development, mining and processing pathways.
“We see this collaboration as a powerful complement to our exploration-led growth.”
The partnership injects significant financial and operational muscle into the project. MEGA’s affiliate, Bain, is backed by India-based private mining giant BGR Mining & Infra, which boasts a net worth of approximately AU$500 million and a massive AU$16 billion global order book.
Leeuwin is currently compiling recent drilling data to update the Marda resource estimate, with optimisation work expected to be finalised in the coming months.
