Lunnon Metals Limited (AU:LM8)
ASX:LM8
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Lunnon Metals Limited
(Sydney:LM8)
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Rating:45Neutral
Price Target:
AU$0.37
▼(-4.87% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by persistent losses with minimal revenue and continued cash burn, alongside bearish technical signals (price below key moving averages and negative MACD). A strong, low-debt balance sheet provides some resilience, but valuation remains hard to justify on earnings given the company is loss-making and offers no indicated dividend yield.
Positive Factors
Very low leverage / strong balance sheet
The company’s near-zero debt and equity-funded asset base provide durable solvency resilience and optionality for an exploration firm. Low financial leverage reduces bankruptcy risk and preserves flexibility to pursue drilling or JV activity over the next 2–6 months without immediate debt pressure.
Negative Factors
Persistent operating cash burn
Sustained negative operating and free cash flow demonstrates continued dependence on external financing to support exploration. Continued cash burn erodes runway, forces dilution or asset sales, and limits ability to advance multiple targets concurrently over the coming 2–6 months without fresh capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
The company’s near-zero debt and equity-funded asset base provide durable solvency resilience and optionality for an exploration firm. Low financial leverage reduces bankruptcy risk and preserves flexibility to pursue drilling or JV activity over the next 2–6 months without immediate debt pressure.
Read all positive factors
Lunnon Metals Limited (LM8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$80.40M
Dividend YieldN/A
Average Volume (3M)299.88K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue GrowthN/A
EPS Growth40.51%
CountryAU
Employees18
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding223,338,940
10 Day Avg. Volume173,444
30 Day Avg. Volume299,879
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.58
Price to Sales (P/S)0.00
P/FCF Ratio-8.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.92Price Target Upside135.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.22
Revenue Forecast (FY)AU$111.12M
Lunnon Metals Limited Business Overview & Revenue Model
Company Description
Lunnon Metals Limited focuses on the exploration and development of nickel and gold in Australia. It holds 100% interest in the Kambalda Nickel project, which comprises 19 contiguous mining tenements and area covering 23 square kilometers located ...
How the Company Makes Money
null...
Lunnon Metals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 1.55K | 7.50K | 660.00 | 0.00 |
| Gross Profit | -161.19K | -159.90K | 1.55K | -129.51K | -101.54K | -17.92K |
| EBITDA | -10.13M | -13.07M | -12.51M | -17.59M | -6.54M | -2.49M |
| Net Income | -9.84M | -13.23M | -24.11M | -17.74M | -6.65M | -2.53M |
Balance Sheet | ||||||
| Total Assets | 32.54M | 35.27M | 47.15M | 54.35M | 52.23M | 28.03M |
| Cash, Cash Equivalents and Short-Term Investments | 9.86M | 15.37M | 22.01M | 19.70M | 32.87M | 13.96M |
| Total Debt | 8.85K | 34.51K | 82.17K | 125.31K | 22.12K | 52.51K |
| Total Liabilities | 2.29M | 1.16M | 790.22K | 2.49M | 2.59M | 689.59K |
| Stockholders Equity | 30.25M | 34.11M | 46.36M | 51.86M | 49.65M | 27.34M |
Cash Flow | ||||||
| Free Cash Flow | -6.75M | -6.58M | -15.19M | -13.88M | -9.20M | -2.16M |
| Operating Cash Flow | -6.72M | -6.57M | -11.29M | -7.37M | -5.86M | -2.01M |
| Investing Cash Flow | -2.93M | -108.15K | -3.85M | -6.57M | -3.66M | -147.13K |
| Financing Cash Flow | 34.91K | 37.34K | 17.50M | 605.30K | 28.43M | 15.33M |
Lunnon Metals Limited Technical Analysis
Positive
0.39
Price Trends
0.38
Positive
0.37
Positive
0.33
Positive
Market Momentum
>-0.01
Negative
56.30
Neutral
68.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LM8, the sentiment is Positive. The current price of 0.39 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.38, and above the 200-day MA of 0.33, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.30 is Neutral, neither overbought nor oversold. The STOCH value of 68.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LM8.
Lunnon Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
47 Neutral | AU$16.11M | -6.99 | -23.12% | ― | ― | -12.50% | |
46 Neutral | AU$8.35M | -1.26 | -34.90% | ― | ― | 87.97% | |
45 Neutral | AU$80.40M | -3.56 | -30.57% | ― | ― | 40.51% | |
44 Neutral | AU$2.14M | -3.26 | -43.09% | ― | ― | 55.56% | |
44 Neutral | AU$6.44M | -0.93 | -120.84% | ― | ― | -520.00% | |
42 Neutral | AU$42.51M | -7.10 | -99.27% | ― | ― | 54.55% |
* Basic Materials Sector Average
AU:LM8
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Lunnon Metals Limited Corporate Events
Lunnon Metals’ Lady Herial Pit Hits Positive Cash Flow as Gold Price Offsets Cost Pressures
Apr 23, 2026
Lunnon Metals reports strong March-quarter performance at its Lady Herial open pit, where mining started in late January and has already delivered more than 38,000 tonnes of ore grading 1.56 grams per tonne gold to Gold Fields’ St Ives opera...
Lunnon Metals Flags Gold–Nickel Synergies at Lady Herial and Foster
Apr 12, 2026
Lunnon Metals has outlined an emerging opportunity to integrate its Lady Herial gold system with the existing Foster underground nickel mine, highlighting that key gold structures now extend more than 500 metres down plunge. The company’s la...
Lunnon Metals Issues New Unquoted Performance Rights Under Incentive Plan
Apr 1, 2026
Lunnon Metals Limited has notified the market of the issue of 67,649 unquoted performance rights under its employee incentive scheme. These new securities, classified as performance rights and not intended to be quoted on the ASX, were issued on 1...
Lunnon Metals Targets Growth With March Investor Roadshow
Mar 17, 2026
Lunnon Metals’ managing director, Edmund Ainscough, will deliver a series of broker and investor updates during March 2026, including a presentation at Euroz Hartleys’ 2026 Institutional Investor Rottnest Conference. The investor roads...
Lunnon Metals Adds Second Gold Deposit as Hustler Resource Lifts Portfolio
Mar 11, 2026
Lunnon Metals has announced an initial mineral resource estimate for its Hustler gold deposit of 682,000 tonnes at 1.4 grams per tonne for 30,200 ounces, lifting the company’s total gold resource to 1.47 million tonnes at 1.8 grams per tonne...
Lunnon Metals lifts Lady Herial gold resource 49% as first mining begins
Feb 26, 2026
Lunnon Metals has updated the mineral resource estimate for its Lady Herial gold deposit at the Kambalda Gold Nickel Project, increasing contained gold by 49% to 0.79 million tonnes at 2.1 grams per tonne for 54,200 ounces. The resource now inclu...
Lunnon Metals Begins Mining at Lady Herial Amid Record Gold Prices
Feb 8, 2026
Lunnon Metals has signed key mining and technical services contracts with Hampton Mining Civil Services and Goldfields Technical Services, enabling site establishment and the imminent start of open-pit mining at the Lady Herial gold project at St...
Lunnon Metals Highlights Hustler Gold Drilling Success and Advances Plentiful EIS Program
Jan 27, 2026
Lunnon Metals has reported encouraging reverse circulation drilling results from the Hustler prospect at its Foster-Baker Gold Project, with shallow, thick and moderately high-grade gold intercepts, including 20 metres at 1.66 grams per tonne and ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.