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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 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 1.55K | 7.50K | 660.00 | 0.00 | 0.00 | Gross Profit |
| -158.70K | -151.02K | -129.51K | -101.54K | -17.92K | 0.00 | EBIT |
| -7.43M | -11.92M | -18.48M | -6.64M | -2.51M | -1.53M | EBITDA |
| -19.38M | -12.51M | -17.59M | -6.54M | -2.49M | -22.08K | Net Income Common Stockholders |
| -16.37M | -24.11M | -17.74M | -6.65M | -2.53M | -1.45M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 19.36M | 22.01M | 19.70M | 32.87M | 13.96M | 794.33K | Total Assets |
| 39.50M | 47.15M | 54.35M | 52.23M | 28.03M | 918.06K | Total Debt |
| 58.94K | 82.17K | 125.31K | 33.62K | 52.51K | 3.83M | Net Debt |
| -19.31M | -21.82M | 10.02K | -32.84M | -13.91M | 3.04M | Total Liabilities |
| 1.29M | 790.22K | 2.49M | 2.59M | 689.59K | 3.88M | Stockholders Equity |
| 38.21M | 46.36M | 51.86M | 49.65M | 27.34M | -2.96M |
| Cash Flow | Free Cash Flow | ||||
| -7.76M | -15.19M | -13.88M | -9.20M | -2.16M | -1.44M | Operating Cash Flow |
| -6.19M | -11.29M | -7.37M | -5.86M | -2.01M | -1.44M | Investing Cash Flow |
| -1.57M | -3.85M | -6.57M | -3.66M | -147.13K | 0.00 | Financing Cash Flow |
| 63.37K | 17.50M | 605.30K | 28.43M | 15.33M | 0.00 |
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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $3.20B | 1,418.92 | -36.53% | 12.32% | -28.50% | -532.61% | |
62 Neutral | AU$2.99B | 17.84 | -7.32% | 4.35% | -6.64% | -209.78% | |
61 Neutral | £13.22B | 58.57 | -3.53% | 2.93% | -19.74% | ― | |
51 Neutral | $2.03B | -1.27 | -21.09% | 3.98% | 2.91% | -30.50% | |
40 Underperform | ― | -35.49% | ― | ― | 32.85% |
Lunnon Metals Limited Corporate Events
Lunnon Metals Limited announced promising results from its surface exploration programs at the Foster-Baker project, particularly at the Halloween and Guiding Star prospects. The discovery of high-grade gold mineralization and a potential paleochannel at Halloween, along with significant drilling results at Guiding Star, suggests strong potential for future gold discoveries. These findings enhance the understanding of historical data and indicate a high-grade component at Guiding Star that previous drilling may have missed. The company plans to continue exploration and integrate these findings with other targets in the Foster Gold Belt, while advancing permitting for the Lady Herial Mineral Resource.
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.
Lunnon Metals Limited announced promising results from surface exploration at its Hustler and Koombana prospects, part of the Kambalda Gold & Nickel Project. High-grade gold assays were identified, suggesting potential new discoveries akin to the company’s Lady Herial resource. The identification of a new linking structure at Hustler and the confirmation of high-grade mineralization at Koombana enhance the prospects’ potential, supporting further drilling plans. These developments could significantly impact Lunnon Metals’ resource growth and future production capabilities, offering potential benefits for stakeholders.
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.
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.
Lunnon Metals Limited has secured a Western Australian government grant to explore a promising gold target at the Foster-Baker site. The grant supports drilling efforts to test a 600-meter magnetic anomaly, known as the Plentiful Dolerite, which could potentially host significant gold mineralization. This initiative aims to enhance the company’s gold exploration credentials and could lead to substantial discoveries, further solidifying Lunnon Metals’ 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.
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.
Lunnon Metals Limited has announced that its Managing Director, Edmund Ainscough, will present at the Shaw and Partners Gold Conference in Perth. This presentation is part of the company’s efforts to engage with investors and stakeholders, potentially impacting its market positioning and investor relations.
Lunnon Metals Limited announced successful assay results from its latest round of close-spaced reverse circulation drilling at the Lady Herial gold prospect. The results, which include significant high-grade gold intercepts, enhance confidence in the deposit’s potential for low strip ratio open-pit mining. This drilling marks the final stage before estimating the initial Mineral Resource and applying for regulatory approval. The company is well-positioned to benefit from the high gold price environment, with plans to self-fund further exploration and engage with mining contractors for future production.
Lunnon Metals Limited has released an addendum to its quarterly report detailing the tenement summary for the Kambalda Gold and Nickel Project as of the end of March 2025. The report confirms that the company maintains a 100% legal and beneficial interest in all its tenements, except for certain gold rights held by St Ives Gold Mining Co. Pty Ltd. This update underscores Lunnon Metals’ stable position in its ongoing mining operations and reinforces its commitment to maintaining its assets in the Kambalda district.
During the March 2025 quarter, Lunnon Metals Limited reported significant progress in its gold exploration activities. The company successfully expanded its gold discovery program, with significant gold intercepts at multiple prospects, including Lady Herial, Hustler, Guiding Star, and Koombana. The Lady Herial deposit continues to be de-risked with excellent metallurgical recoveries, and key surveys were completed in collaboration with the Ngadju People. A major shareholder, Gold Fields Limited, waived a pre-emptive right, allowing for collaborative efforts on future gold treatment options. With a strong cash balance, Lunnon Metals is well-positioned to continue its aggressive discovery programs and convert exploration opportunities into shareholder value.
Lunnon Metals Limited has announced significant gold assay results from its latest reverse circulation drilling campaign at the Kambalda Gold & Nickel Project. The expanded exploration program in the Foster Gold Belt has successfully identified multiple shallow gold intercepts at the Koombana target, reinforcing the area’s potential for further discoveries. These results highlight the under-explored nature of the Foster-Baker Project area and the company’s strategy to accelerate exploration and resource definition, aiming to unlock shareholder value.
Lunnon Metals Limited has achieved significant milestones at its St Ives project by completing key surveys with the Ngadju People, the traditional landowners. These surveys, crucial for future development, included assessments of previously disturbed areas and the development footprint for the Lady Herial gold deposit. The agreement on these aspects is pivotal for future gold and nickel development, allowing Lunnon Metals to proceed with its exploration and de-risking plans across various gold belts. This collaboration underscores the company’s commitment to stakeholder engagement and sustainable development.
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.
Lunnon Metals Limited has completed the first of two holes in its co-funded Exploration Incentive Scheme (EIS) program at the Defiance West target, part of its Kambalda Gold & Nickel Project. The drilling, supported by the Western Australian Government, aims to explore the potential for gold in the area. The initial hole reached its planned depth and intersected expected geological structures, with further analysis and adjustments planned for the second hole to optimize exploration efforts.