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Lunnon Metals Limited ( (AU:LM8) ) has shared an announcement.
Lunnon Metals Limited has announced significant gold assay results from its Lady Herial gold deposit, indicating potential for further development in the area. The results suggest a promising opportunity for additional gold extraction, with plans for future underground development or a second stage of open pit mining. The company is awaiting regulatory approvals to commence mining, and the recent findings bolster the prospects of the Northwest Prospect and Upper Structure, potentially enhancing the company’s financial outlook and operational strategies.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 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 production. It is engaged in the development and production activities at the Kambalda Gold & Nickel Project (KGNP), with a particular emphasis on the Lady Herial gold deposit.
Average Trading Volume: 227,960
Technical Sentiment Signal: Buy
Current Market Cap: A$71.47M
See more insights into LM8 stock on TipRanks’ Stock Analysis page.