Lunnon Metals Secures Government Grant for Promising Gold Exploration

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

Lunnon Metals Limited has secured a Western Australian government grant to explore a promising gold target at the Foster-Baker site. The grant supports drilling efforts to test a 600-meter magnetic anomaly, known as the Plentiful Dolerite, which could potentially host significant gold mineralization. This initiative aims to enhance the company’s gold exploration credentials and could lead to substantial discoveries, further solidifying Lunnon Metals’ position in the gold mining sector.

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 operates in the mining industry, focusing on gold and nickel exploration and development. The company is involved in the Kambalda Gold & Nickel Project (KGNP) and is actively exploring the Foster Gold Belt, with a particular emphasis on gold potential.

Average Trading Volume: 124,634

Technical Sentiment Signal: Sell

For detailed information about LM8 stock, go to TipRanks’ Stock Analysis page.