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Lunnon Metals Limited ( (AU:LM8) ) has shared an announcement.
Lunnon Metals Limited has completed a Scoping Study for the Lady Herial gold deposit, revealing a short-mine life, high-grade open pit opportunity with robust economic potential. The study, based on a high percentage of Measured and Indicated Resources, suggests significant pre-tax cash flow, although commercial agreements for processing are still pending, which may affect the project’s economic viability.
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 mineral resources. The company primarily deals with high-grade gold deposits, leveraging existing mining leases and infrastructure to exploit favorable market conditions.
Average Trading Volume: 126,929
Technical Sentiment Signal: Sell
Find detailed analytics on LM8 stock on TipRanks’ Stock Analysis page.