Lunnon Metals Reports Positive Metallurgical Results for Lady Herial Gold Deposit

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

Lunnon Metals Limited has announced promising metallurgical test results for the Lady Herial gold deposit, confirming significant gravity recoverable gold and high overall gold recoveries. These results align with the parameters of a recent Scoping Study, indicating potential for positive financial outcomes with pre-tax free cash flow projections ranging from A$37.3M to A$52.1M at varying gold prices. The test work, conducted in collaboration with Gold Fields Ltd, supports the company’s strategic positioning and strengthens its operational relationship with Gold Fields, potentially unlocking considerable value for stakeholders.

The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.60 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 the extraction and processing of gold. The company is involved in the development of the Lady Herial gold deposit, which is strategically positioned to benefit from the high Australian gold price environment.

Average Trading Volume: 116,541

Technical Sentiment Signal: Buy

Learn more about LM8 stock on TipRanks’ Stock Analysis page.