Lunnon Metals Capitalizes Amid Market Challenges

Lunnon Metals Limited (AU:LM8) has released an update.

Lunnon Metals Limited has reported robust exploration and resource expansion activities during the June 2024 quarter, with significant increases in nickel resources and promising gold exploration results. Despite a challenging market, the company has maintained a strong cash position and has received government approval to commence mining at Baker. Looking forward, Lunnon Metals is well-positioned to capitalize on its nickel and gold assets, particularly with BHP’s nickel division shutdown, providing opportunities for alternative processing solutions.

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