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Lunnon Metals Limited
(Sydney:LM8)
Lunnon Metals Limited (LM8) vs. iShares MSCI Australia ETF (EWA)
Lunnon Metals Limited Business Overview & Revenue Model
Lunnon Metals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 1.55K | 7.50K | 660.00 | 0.00 |
| Gross Profit | -159.90K | -159.90K | 1.55K | -129.51K | -101.54K | -17.92K |
| EBITDA | -8.57M | -13.07M | -12.51M | -17.59M | -6.54M | -2.49M |
| Net Income | -13.23M | -13.23M | -24.11M | -17.74M | -6.65M | -2.53M |
Balance Sheet | ||||||
| Total Assets | 35.27M | 35.27M | 47.15M | 54.35M | 52.23M | 28.03M |
| Cash, Cash Equivalents and Short-Term Investments | 15.37M | 15.37M | 22.01M | 19.70M | 32.87M | 13.96M |
| Total Debt | 34.51K | 34.51K | 82.17K | 125.31K | 22.12K | 52.51K |
| Total Liabilities | 1.16M | 1.16M | 790.22K | 2.49M | 2.59M | 689.59K |
| Stockholders Equity | 34.11M | 34.11M | 46.36M | 51.86M | 49.65M | 27.34M |
Cash Flow | ||||||
| Free Cash Flow | -6.66M | -6.58M | -15.19M | -13.88M | -9.20M | -2.16M |
| Operating Cash Flow | -6.57M | -6.57M | -11.29M | -7.37M | -5.86M | -2.01M |
| Investing Cash Flow | -108.15K | -108.15K | -3.85M | -6.57M | -3.66M | -147.13K |
| Financing Cash Flow | 37.34K | 37.34K | 17.50M | 605.30K | 28.43M | 15.33M |
Lunnon Metals Limited Technical Analysis
Lunnon Metals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$108.32M | -8.06 | -32.89% | ― | ― | 47.05% | |
46 Neutral | AU$4.52M | ― | -47.79% | ― | ― | 52.53% | |
44 Neutral | AU$46.01M | -12.00 | -106.64% | ― | ― | -36.36% | |
44 Neutral | AU$2.85M | ― | -65.57% | ― | ― | -200.00% | |
44 Neutral | AU$7.02M | -0.50 | -78.12% | ― | ― | -349.06% | |
42 Neutral | AU$13.73M | -14.44 | -24.22% | ― | ― | 83.93% |
Lunnon Metals Limited Corporate Events
Lunnon Metals has confirmed that its Ore Purchase Agreement with St Ives Gold Mining is now unconditional after both parties agreed a detailed bench-by-bench mine schedule for the planned Lady Herial open pit, enabling completion of the project’s Feasibility Study and positioning the board to make a final investment decision and commence mining. With all regulatory approvals secured, the company has begun vegetation clearing and reverse circulation drilling in newly accessible areas, targeting additional gold mineralisation near an historic shaft that lies outside the current mineral resource but within the pit design, potentially enhancing project economics and accelerating Lunnon’s shift from explorer to producer.
The most recent analyst rating on (AU:LM8) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals has reported multiple thick, high-grade gold intercepts from reverse circulation drilling at the Lady Herial deposit, including standout results such as 13 metres at 9.41 grams per tonne gold and several other substantial intersections on the Upper Structure and the Northwest prospect. These results confirm strong down-plunge mineralisation to the northwest of the planned open pit and enhance the potential for a second-stage pit cut-back within the existing permitted footprint, which could benefit from a reduced strip ratio and the higher prevailing Australian dollar gold price. With key mining and environmental approvals already secured, the company is finalising conditions under its Ore Purchase Agreement and updating its economic assessment from scoping to feasibility level, targeting a materially improved financial outcome versus the earlier study and positioning Lady Herial to become a significant near-term cash generator.
The most recent analyst rating on (AU:LM8) stock is a Hold with a A$0.41 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals has reported strong reverse circulation drilling results at the Paringa West prospect within its Foster-Baker Project at St Ives, including 8 metres at 5.52 g/t gold and 6 metres at 1.49 g/t gold, confirming a newly interpreted, gently northwest-dipping mineralised structure in favourable host rocks analogous to those of major nearby deposits. The new intercepts define an initial target area of at least 180m by 200m that remains open and untested to the northwest, reinforcing the prospectivity of Lunnon’s St Ives tenements and supporting its strategy to replicate the success at Lady Herial, fast-track additional near-mine gold opportunities and potentially self-fund a broader high-impact exploration program in the heart of the St Ives gold camp.
The most recent analyst rating on (AU:LM8) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals has secured the final regulatory approval needed to advance its Lady Herial open-pit gold development at the Kambalda Gold & Nickel Project, with the Western Australian Department of Mines, Petroleum and Exploration granting a Native Vegetation Clearing Permit. This approval satisfies the last regulatory condition for the company’s Ore Purchase Agreement with major shareholder St Ives Gold Mining, leaving only agreement on the mine schedule before the deal becomes unconditional, enabling completion of the feasibility study, a final investment decision by the board, execution of mining contracts and commencement of site clearing, with St Ives to process all mined ore above 0.5 g/t gold and Lunnon to receive 70% of free cash flow after cost recovery.
The most recent analyst rating on (AU:LM8) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited has announced significant gold assay results from its Lady Herial gold deposit, indicating potential for further development in the area. The results suggest a promising opportunity for additional gold extraction, with plans for future underground development or a second stage of open pit mining. The company is awaiting regulatory approvals to commence mining, and the recent findings bolster the prospects of the Northwest Prospect and Upper Structure, potentially enhancing the company’s financial outlook and operational strategies.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited announced a change in the interest of its director, Deborah Lord, involving the acquisition of 317,886 unlisted options. These options were issued in lieu of director’s fees, with shareholder approval, as part of the company’s 2022 Employee Awards Plan. This move reflects the company’s strategy to align director compensation with shareholder interests and potentially improve its financial flexibility.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited announced a change in the director’s interest, specifically involving Liam Twigger. The change includes the acquisition of 433,481 unlisted options, issued in lieu of director’s fees, with shareholder approval at the recent Annual General Meeting. This move reflects the company’s strategy to align director compensation with shareholder interests and may impact the company’s governance and financial strategies.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited announced the issuance of 751,367 unlisted options with an expiration date of December 31, 2029, and a $0.00 exercise price. This issuance is part of an employee incentive scheme and is not intended to be quoted on the ASX, potentially impacting the company’s employee retention and motivation strategies.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited announced a change in the director’s interest, specifically involving the issuance of Short-Term Incentive and Long-Term Incentive Performance Rights to Director Edmund Ainscough. This issuance, approved at the Annual General Meeting, is part of the total remuneration package, reflecting the company’s strategy to align executive compensation with long-term performance goals. The adjustment in performance rights indicates a focus on incentivizing leadership to drive future growth and operational success, potentially impacting the company’s market positioning and stakeholder interests.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited has announced the issuance of 11,350,530 unquoted performance rights under an employee incentive scheme. This strategic move is likely aimed at aligning employee interests with company performance, potentially enhancing productivity and retention. The issuance of these securities reflects the company’s commitment to incentivizing its workforce, which could strengthen its operational capabilities and market position.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited announced a change in the director’s interest, with Director Ashley McDonald acquiring 166,666 ordinary fully paid shares through an on-market trade. This transaction increases McDonald’s direct shareholding, potentially signaling confidence in the company’s future performance and impacting stakeholder perceptions.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited announced that the resolution regarding the Ore Purchase Agreement, presented at the General Meeting of Shareholders, was successfully passed via a poll. This approval marks a significant step for the company, potentially enhancing its operational capabilities and strengthening its position within the mining sector.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited announced that all resolutions presented at its Annual General Meeting on November 6, 2025, were passed via a poll. The resolutions included the adoption of the remuneration report, re-election of directors, approval of employee awards, and various incentive and benefit plans. The successful passing of these resolutions supports the company’s governance and operational strategies, potentially strengthening its position in the mining industry and providing clarity and assurance to its stakeholders.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited announced a strategic shift towards gold exploration in response to declining nickel prices, marking a significant repositioning for the company. The company has made substantial progress with its Lady Herial project, achieving a JORC Mineral Resource estimate and negotiating an Ore Purchase Agreement with St Ives Gold Mining Co. Pty Ltd. This move positions Lunnon Metals to potentially begin gold production by the end of December 2025, leveraging existing infrastructure and high gold prices to generate cash flow.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
Lunnon Metals Limited has made significant progress in its operations during the September 2025 quarter, highlighted by the completion of de-risking activities at the Lady Herial gold deposit and the execution of an Ore Purchase Agreement with Gold Fields Ltd, securing a 70% share of future free cash flow. The company maintains a strong cash position of $13.3 million, supporting its ongoing exploration and development programs. The high Australian dollar gold price enhances the potential financial outcomes for Lunnon Metals, while the Nickel Assets Scoping Study confirms the economic viability of the Baker and Foster projects.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.