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Lunnon Metals Limited ( (AU:LM8) ) has issued an update.
Lunnon Metals Limited has completed a Scoping Study for its Baker and Foster nickel sulphide projects, indicating potential economic viability despite current market challenges. The study suggests sequential mining of Baker and Foster, with Baker showing stronger economic potential even at prevailing nickel prices. However, due to uncertainties in the nickel sector and processing arrangements, the study remains at the Scoping level, and further evaluation is needed before confirming an economic development case.
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, primarily focusing on nickel sulphide operations. The company is engaged in the exploration and development of mineral resources, with a particular emphasis on high-grade nickel deposits. Lunnon Metals is currently focused on its Baker and Foster projects, which are part of its broader strategy to capitalize on the potential value of nickel sulphide resources.
Average Trading Volume: 112,571
Technical Sentiment Signal: Sell
Find detailed analytics on LM8 stock on TipRanks’ Stock Analysis page.