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Lunnon Metals Limited ( (AU:LM8) ) just unveiled an announcement.
Lunnon Metals Limited announced successful assay results from its latest round of close-spaced reverse circulation drilling at the Lady Herial gold prospect. The results, which include significant high-grade gold intercepts, enhance confidence in the deposit’s potential for low strip ratio open-pit mining. This drilling marks the final stage before estimating the initial Mineral Resource and applying for regulatory approval. The company is well-positioned to benefit from the high gold price environment, with plans to self-fund further exploration and engage with mining contractors for future production.
More about Lunnon Metals Limited
Lunnon Metals Limited operates in the mining industry, focusing on gold and nickel exploration and development. The company is centered on its Kambalda Gold & Nickel Project, leveraging existing mining leases and infrastructure to capitalize on high gold prices.
YTD Price Performance: -6.00%
Average Trading Volume: 124,193
Technical Sentiment Signal: Sell
Learn more about LM8 stock on TipRanks’ Stock Analysis page.