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Lunnon Metals Limited ( (AU:LM8) ) has issued an update.
During the March 2025 quarter, Lunnon Metals Limited reported significant progress in its gold exploration activities. The company successfully expanded its gold discovery program, with significant gold intercepts at multiple prospects, including Lady Herial, Hustler, Guiding Star, and Koombana. The Lady Herial deposit continues to be de-risked with excellent metallurgical recoveries, and key surveys were completed in collaboration with the Ngadju People. A major shareholder, Gold Fields Limited, waived a pre-emptive right, allowing for collaborative efforts on future gold treatment options. With a strong cash balance, Lunnon Metals is well-positioned to continue its aggressive discovery programs and convert exploration opportunities into shareholder value.
More about Lunnon Metals Limited
Lunnon Metals Limited is a company listed on the Australian Securities Exchange (ASX: LM8) that operates in the mining industry, focusing primarily on gold exploration and development. The company is actively involved in the exploration of gold deposits, particularly in the Foster Gold Belt region, and aims to expedite the discovery and development of gold assets.
YTD Price Performance: -4.00%
Average Trading Volume: 131,639
Technical Sentiment Signal: Sell
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