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Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.305 -0.07 (-18.67%)+
Announcement
Release
17 Feb 2026 8:07AM
Price at Release
$0.375
Full Release
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Summary
Lunnon Metals Limited reports significant drilling results at the Lady Herial gold deposit, confirming high-grade gold mineralisation that extends significantly down plunge. Key results include intercepts such as 13 meters at 5.70g/t Au, which firm up the potential for a cut-back at the site. These findings present considerable economic opportunities, supported by high gold prices. The company plans to update the Mineral Resource estimate and seek regulatory approval for the cut-back, while open pit mining is set to begin at the site. This initiative underscores Lunnon Metals' strategic focus on expanding its gold development and mining plans within the prolific Kambalda Gold & Nickel Project in Australia.
Key Points
  • Drilling continues to deliver multiple significant, high-grade gold results.
  • Consistent, thick, high-grade gold intercepts to the northwest and below the current pit design.
  • Results include 13m @ 5.70g/t Au, 13m @ 5.63g/t Au, 10m @ 5.88g/t Au, and 9m @ 3.62g/t Au.
  • The results define tangible upside beyond current open pit plans.
  • The economic returns of a cut-back to the northwest are supported by high gold prices and significant mineralisation.
  • There is an opportunity to expedite regulatory approval for the cut-back.
  • The project is located at the Kambalda Gold & Nickel Project (KGNP) in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.