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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
19 May 2026 8:13AM
Price at Release
$0.360
Full Release
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Summary
Lunnon Metals Limited has released an update for the Lady Herial Gold Open Pit as of April 2026. The report highlights strong operational performance with 54,000 tonnes of ore at 1.32 g/t gold, equivalent to 2,298 ounces, delivered to Gold Fields, yielding $9 million in revenue with costs of $3.65 million. Mining operations proceeded according to schedule without major disruptions, and the project is expected to conclude by August/September 2026 as planned. The update confirms that financial forecasts and production targets remain consistent with the January 2026 feasibility study, although they are subject to market variables. The project benefits from an advantageous gold price exceeding original feasibility assumptions, offsetting increased diesel costs.
Key Points
  • Strong operational performance at Lady Herial
  • 54,000 tonnes of ore delivered at 1.32 g/t gold
  • Generated $9 million revenue with $3.65 million costs
  • Operations on track to conclude by August/September 2026
  • Financial forecasts remain consistent with January 2026 study
  • Gold price exceeds feasibility assumptions, offsetting costs
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.