InvestSMART

Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.355 0.055 (18.33%)+
Announcement
Release
19 Aug 2026 8:02AM
Price at Release
$0.300
Full Release
download
Summary
Lunnon Metals Limited has announced the discovery of a new gold mineralised structure at the Benmore target within their Foster-Baker gold project. This discovery is part of a $13 million self-funded exploration program for FY2027, aimed at testing the exploration potential of the area. The Benmore prospect is an early-stage target located near Gold Fields' underground gold mines. Initial drilling has revealed a significant mineralised interval with assay results indicating variable gold grades, highlighting the potential for further exploration success. The presence of gold in the third hole drilled marks a promising start, although more work is needed to determine the structure's full extent and significance.
Key Points
  • $13 million FY2027 exploration program at Foster-Baker is self-funded.
  • New gold mineralised structure discovered at Benmore in the third drill hole.
  • Variable gold grades observed, ranging from 0.03 g/t Au to 8.37 g/t Au.
  • Benmore is an early-stage conceptual target with ongoing exploration to determine its potential.
  • The exploration program is supported by successful operations at the Lady Herial open pit.
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.