Lunnon Metals Uncovers High-Grade Gold at Kambalda Prospects

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

Lunnon Metals Limited announced promising results from surface exploration at its Hustler and Koombana prospects, part of the Kambalda Gold & Nickel Project. High-grade gold assays were identified, suggesting potential new discoveries akin to the company’s Lady Herial resource. The identification of a new linking structure at Hustler and the confirmation of high-grade mineralization at Koombana enhance the prospects’ potential, supporting further drilling plans. These developments could significantly impact Lunnon Metals’ resource growth and future production capabilities, offering potential benefits for stakeholders.

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 engaged in projects within the Kambalda Gold & Nickel Project, particularly targeting high-grade gold prospects in the Foster Gold Belt.

Average Trading Volume: 124,755

Technical Sentiment Signal: Sell

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