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Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.305 -0.105 (-25.61%)+
Announcement
Release
12 Mar 2026 8:26AM
Price at Release
$0.410
Full Release
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Summary
Lunnon Metals Limited has announced the initial Mineral Resource estimate for its Hustler gold deposit at the Kambalda Gold & Nickel Project (KGNP). The resource is estimated at 682,000 tonnes with a grade of 1.4 g/t Au, amounting to 30,200 ounces of gold. This new discovery increases the company's overall gold Mineral Resource to 1.47 million tonnes at 1.8 g/t Au for 84,400 ounces. Hustler, discovered in late 2021, is structurally and geologically similar to the neighboring Lady Herial deposit and is expected to benefit from existing infrastructure and legal frameworks. The estimation will guide further technical studies and explores potential integration with the Lady Herial mining operations.
Key Points
  • Initial Mineral Resource estimate of 682,000 tonnes at 1.4 g/t Au for 30,200 ounces.
  • Hustler discovered in late 2021 with the first drill hole.
  • Hustler shares geological traits with Lady Herial deposit.
  • Existing infrastructure and legal frameworks to benefit Hustler.
  • Part of Kambalda Gold & Nickel Project increasing group resource to 1.47 million tonnes at 1.8 g/t Au.
  • Potential integration with current Lady Herial mining operations.
  • Guiding technical studies for open pit mining development.
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.