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The latest update is out from Lunnon Metals Limited ( (AU:LM8) ).
Lunnon Metals Limited announced the discovery of a new gold structure during a sterilisation drilling program near its Lady Herial gold deposit at the Kambalda Gold & Nickel Project. The drilling revealed significant gold mineralisation, suggesting potential for further exploration and development in the area, which could enhance the company’s positioning in the gold market. The discovery supports the presence of stacked gold structures in the Foster Gold Belt, and the company plans to adjust its infrastructure placement to accommodate potential open pit mining operations.
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, focusing on gold and nickel exploration and development. The company is engaged in projects such as the Kambalda Gold & Nickel Project, where it has made significant discoveries and is working towards exploiting high-grade gold deposits.
Average Trading Volume: 124,484
Technical Sentiment Signal: Sell
For an in-depth examination of LM8 stock, go to TipRanks’ Stock Analysis page.