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Lunnon Metals Limited ( (AU:LM8) ) has issued an announcement.
Lunnon Metals Limited has announced significant findings from its drilling program at the Defiance West target within the Kambalda Gold & Nickel Project. The results confirm the presence of two substantial gold structures, with assays showing notable gold intercepts. This discovery, supported by the Western Australian Government’s Exploration Incentive Scheme, opens up new opportunities for gold exploration in previously untested areas, potentially enhancing the company’s 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 is a company operating in the mining industry, focusing on the exploration and development of gold and nickel resources. The company is actively engaged in projects such as the Kambalda Gold & Nickel Project, with a market focus on leveraging significant mineral deposits in Western Australia.
Average Trading Volume: 110,856
Technical Sentiment Signal: Hold
Find detailed analytics on LM8 stock on TipRanks’ Stock Analysis page.