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Lunnon Metals Limited ( (AU:LM8) ) has provided an announcement.
Lunnon Metals Limited has announced promising results from its infill drilling at the Hustler prospect within the Kambalda Gold & Nickel Project. The drilling revealed significant gold assay results, identifying two distinct mineralized structures at shallow depths. The company plans to further explore these structures with the aim of estimating an initial Mineral Resource, potentially replicating the success of the nearby Lady Herial deposit. Additionally, the completion of a second hole at Defiance West intersected anomalous silver and zinc, indicating further exploration potential. These developments are part of Lunnon Metals’ strategy to self-fund discovery programs targeting high-reward gold deposits in the region.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
More about Lunnon Metals Limited
Lunnon Metals Limited is a company operating in the mining industry, focusing on gold and nickel exploration. Its primary project is the Kambalda Gold & Nickel Project (KGNP) located in Western Australia, where it targets significant mineral deposits through strategic exploration initiatives.
Average Trading Volume: 111,025
Technical Sentiment Signal: Buy
See more insights into LM8 stock on TipRanks’ Stock Analysis page.