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Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.350 0.06 (20.69%)+
Announcement
Release
29 Jun 2026 8:22AM
Price at Release
$0.290
Full Release
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Summary
Lunnon Metals Limited has announced a significant exploration budget aimed at uncovering substantial gold potential in their various gold belts, including the Foster, Paringa, Lunnon, and Cooee Gold Belts. This initiative follows a strategic refocus on gold exploration since 2024, leading to an aggressive drilling program planned for FY2027. Over 43,000 meters of drilling will be conducted across multiple sites, targeting both early-stage and conceptual prospects. The Foster Gold Belt has been particularly prominent in past explorations due to early successes, and will see extensive further testing. Additionally, the Paringa and Lunnon Gold Belts are earmarked for continued evaluation given their gold mineralization indications, with the Cooee Belt receiving limited but targeted exploration to test historical workings. This exploration endeavor signifies Lunnon's commitment to advancing its gold mining potentials amidst varying levels of maturity in its exploration targets.
Key Points
  • Significant exploration budget targeting gold potential.
  • Focus on Foster, Paringa, Lunnon, and Cooee Gold Belts.
  • Over 43,000 meters of drilling planned for FY2027.
  • Strategic refocus on gold exploration since 2024.
  • Foster Gold Belt to receive extensive testing due to early successes.
  • Paringa and Lunnon Gold Belts show promising gold mineralization.
  • Cooee Belt to receive targeted exploration of historical workings.
  • Demonstrates commitment to advancing gold mining potentials.
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.