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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 |
| EBITDA | -19.38M | -12.51M | -17.59M | -6.54M | -2.49M | -22.08K |
| Net Income | -16.37M | -24.11M | -17.74M | -6.65M | -2.53M | -1.45M |
Balance Sheet | ||||||
| Total Assets | 39.50M | 47.15M | 54.35M | 52.23M | 28.03M | 918.06K |
| Cash, Cash Equivalents and Short-Term Investments | 19.36M | 22.01M | 19.70M | 32.87M | 13.96M | 794.33K |
| Total Debt | 58.94K | 82.17K | 125.31K | 33.62K | 52.51K | 3.83M |
| 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 |
|---|---|---|---|---|---|---|---|
47 Neutral | ― | -35.49% | ― | ― | 32.85% | ||
44 Neutral | AU$1.39M | ― | -7.86% | ― | ― | 37.50% | |
43 Neutral | AU$1.42B | -6.13 | -40.62% | 4.05% | -4.78% | -42.91% | |
41 Neutral | AU$2.34M | ― | -94.58% | ― | ― | 15.56% | |
34 Underperform | AU$2.35M | ― | -48.57% | ― | ― | 73.13% | |
31 Underperform | AU$2.14M | ― | -66.25% | ― | ― | -80.00% | |
25 Underperform | AU$2.43M | ― | -20.32% | ― | ― | 90.91% |
Lunnon Metals Limited Corporate Events
Lunnon Metals Limited has commenced a 90-day exclusivity period to negotiate a sale and purchase agreement with St Ives Gold Mining Co. Pty Ltd, a subsidiary of Gold Fields Ltd, for processing the Lady Herial gold deposit. The Scoping Study indicates promising financial returns from mining the deposit, and the agreement could enhance Lunnon Metals’ position in the gold market, leveraging the nearby SIGM processing plant and current high gold prices.
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 released an investor presentation for the Lady Herial Scoping Study, which will be utilized by the Managing Director in discussions with investors, brokers, and analysts. This development is part of the company’s strategic efforts to enhance its market presence and operational efficiency, potentially impacting its positioning in the 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 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.
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.