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Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.305 -0.055 (-15.28%)+
Announcement
Release
29 Apr 2026 1:07PM
Price at Release
$0.360
Full Release
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Summary
Lunnon Metals Limited reported a cash balance of $12.25 million as of 31 March 2026, with mining operations at Lady Herial commencing and generating positive cash flow. Over 38,000 tonnes of gold ore were delivered during the quarter, and regulatory approvals for mining operations were secured. The Ore Purchase Agreement with SIGM became unconditional, and the project feasibility study highlighted over $40 million in potential pre-tax cash flow. The Appendix 5B cash flow report showed a net cash inflow from financing activities. The company continued its exploration focus on the Foster-Baker and Hustler deposits, increasing its gold Mineral Resources to over 84,000 ounces. Lunnon Metals remains committed to its gold exploration strategy.
Key Points
  • Cash balance of $12.25 million at 31 March 2026, up from $9.9 million at end of December 2025.
  • Mining at Lady Herial has commenced with initial positive cash flow generation.
  • Over 38,000 tonnes of gold ore delivered at 1.56 g/t Au during the quarter.
  • Regulatory approval for Lady Herial mining operations received.
  • Ore Purchase Agreement with St Ives Gold Mining Co. Pty Ltd is now unconditional.
  • Lady Herial project feasibility study outlines over $40 million in potential pre-tax cash flow.
  • Appendix 5B reports a net cash inflow from financing activities of $5.836 million.
  • Exploration activities focused on Foster-Baker and Hustler deposits.
  • Increased gold Mineral Resources to over 84,000 ounces.
  • Lunnon Metals strategy remains focused on 100% gold exploration and 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.