Lunnon Metals has advanced preparations for the proposed Lady Herial gold open pit, with shareholder approval of the Ore Purchase Agreement and the appointment of a preferred mining contractor.
Managing Director Ed Ainscough says the latest drilling at Lunnon Metals Plentiful Prospect has extended gold mineralisation to more than 450 metres down dip, confirming scale and continuity in one of Australia’s most prolific gold camps.
Lunnon Metals (ASX:LM8) has extended gold mineralisation at its Plentiful prospect to more than 450 metres in dip, with new assays confirming both scale and continuity.
Lunnon Metals (ASX: LM8) has confirmed more shallow, high-grade gold at Lady Herial, reinforcing the deposit’s credentials as a near-term development opportunity within the prolific St Ives camp.
Managing Director Edmund Ainscough says the Ore Purchase Agreement with Gold Fields marks an excellent outcome for shareholders and sets a clear path to bringing Lady Herial into production.
Managing Director Edmund Ainscough says the latest drilling results at Hustler and the progress at Defiance West underscore Lunnon Metals strategy of combining near-surface gold opportunities with deeper discovery potential.
Edmund Ainscough says the latest metallurgical test work confirms strong gold recoveries at Lady Herial, reinforcing confidence in the project’s path toward production.
Edmund Ainscough says the discovery of a new stacked gold structure at Lady Herial Northwest reinforces Lunnon Metals’ belief that the Foster Gold Belt remains underexplored and highly prospective.
Lunnon Metals Managing Director Edmund Ainscough says the newly defined Cooee gold target was “hiding in plain sight,” as the company uncovers a 400-metre strike of shallow gold mineralisation beside the Foster Belt.
Lunnon Metals has uncovered shallow high grade gold at its Kambalda project in a surprise find that could reshape its dual focus on nickel and gold.