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