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Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.360 0.055 (18.03%)+
Announcement
Release
13 Aug 2026 8:16AM
Price at Release
$0.305
Full Release
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Summary
Lunnon Metals Limited reported a successful July 2026 for the Lady Herial gold open pit project, achieving the best monthly mining results since operations began. The Ore Purchase Agreement with Gold Fields Ltd's subsidiary, St Ives Gold Mining Co. Pty Ltd, facilitated the delivery of 76,937 tonnes of ore, yielding 4,439 ounces of gold. Lunnon Metals invoiced approximately $14.8 million for the gold mined in July, with expenses amounting to $2.5 million. The project concluded ahead of schedule in early August 2026, with all material assumptions and financial forecasts remaining unchanged from the January 2026 Feasibility Study. The project's total free cash flow to date is over $50 million, with Lunnon Metals realizing $35.3 million as its share. Final reconciliation and rehabilitative efforts are ongoing, with the final financial outcomes to be confirmed post-August settlements.
Key Points
  • July 2026 was the best month at Lady Herial since mining commenced.
  • Close to 77,000 tonnes @ 1.79 g/t Au (4,439oz) delivered.
  • Lunnon Metals invoiced Gold Fields $14.8 million for July.
  • Direct costs for July were $2.5 million (unaudited).
  • Lady Herial gold open pit completed in early August, ahead of schedule.
  • Aggregate gold sales total over $85 million to the end of July.
  • Total Lady Herial free cash flow to date is over $50 million.
  • Lunnon Metals realized $35.3 million as its 70% share of free cash flow.
  • Reimbursement of pre-development capital costs totals approximately $2.5 million.
  • All material assumptions from the Feasibility Study remain unchanged.
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.