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Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.300 -0.005 (-1.64%)+
Announcement
Release
30 Jul 2026 8:25AM
Price at Release
$0.305
Full Release
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Summary
Lunnon Metals Limited reported significant progress in its June 2026 quarterly activities, highlighting a strong cash position with $22.2 million at quarter's end, bolstered by successful mining operations at Lady Herial. The company repaid in full a $6 million term loan during the quarter and maintained robust cash flows, with revenues from ore deliveries to St Ives Gold Mining Co. Pty Ltd. Exploration programs are aggressively funded, with a $13 million budget for FY2027, focusing on significant gold prospects within the St Ives tenement. The company continues to manage risks effectively and remains poised for potential growth in the gold and nickel sectors.
Key Points
  • Cash balance of $22.2 million at the end of June 2026 quarter.
  • Early repayment of a $6 million term loan.
  • Significant mining operations at Lady Herial contributing to cash flow.
  • Received $27.66 million from St Ives Gold Mining Co. for June deliveries.
  • Approved a $13 million exploration budget for FY2027.
  • Progress in exploration with infill drilling to de-risk Hustler.
  • No dilutionary capital raising needed due to strong cash flows.
  • Gold and nickel prospects aggressively pursued for growth.
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.