Lunnon Metals Limited ( (AU:LM8) ) has issued an announcement.
Lunnon Metals Limited has reported promising assay results from its recent drilling activities in the Foster Gold Belt, particularly at the Hustler prospect, which showed significant gold mineralization. The results indicate that the area surrounding Lady Herial is highly prospective for gold, with potential for further discoveries along the Defiance Dolerite stratigraphic unit. This development positions Lunnon Metals to potentially self-fund its exploration program, enhancing its prospects in the under-explored Foster Gold Belt and shifting its historical focus from nickel to gold.
More about Lunnon Metals Limited
Lunnon Metals Limited is a company operating in the mining industry, focusing on gold and nickel exploration. The company is actively engaged in exploring the Foster Gold Belt at its Kambalda Gold & Nickel Project, aiming to capitalize on the high Australian dollar gold price environment.
YTD Price Performance: -20.0%
Average Trading Volume: 127,444
Technical Sentiment Consensus Rating: Buy
See more data about LM8 stock on TipRanks’ Stock Analysis page.