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Lunnon Metals Limited ( (AU:LM8) ) has shared an announcement.
Lunnon Metals Limited has announced the distribution of a Notice of General Meeting to its shareholders, scheduled for November 6, 2025, to seek approval for an Ore Purchase Agreement (OPA) with St Ives Gold Mining Co. Pty Ltd. The agreement has been assessed by an independent expert as fair and reasonable in the absence of alternative offers. The OPA is subject to several conditions, including shareholder approval and governmental consent for mining operations. The company is actively preparing for the proposed mining operation, which is timely given the high Australian dollar gold prices, and is working on finalizing the necessary mining and geological preparations.
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 the extraction and sale of metals. It is primarily involved in executing agreements related to ore purchases, with a significant market focus on partnerships with major mining entities such as St Ives Gold Mining Co. Pty Ltd, a subsidiary of Gold Fields Ltd.
Average Trading Volume: 187,211
Technical Sentiment Signal: Buy
See more data about LM8 stock on TipRanks’ Stock Analysis page.