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Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.305 0.02 (7.02%)+
Announcement
Release
30 Oct 2025 8:15AM
Price at Release
$0.285
Full Release
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Summary
Lunnon Metals Limited reported its quarterly activities and cash flow for the period ending 30 September 2025. Key highlights include the completion of de-risking the Lady Herial gold deposit and executing an Ore Purchase Agreement with Gold Fields Ltd, securing a 70% share of future free cash flow. The company's cash balance stood at $13.3 million. Significant drilling and exploration activities at the Foster-Baker project were conducted, emphasizing the Lady Herial deposit with high-grade results. The company notes substantial success in its exploration efforts and plans further aggressive discovery programs supported by a strong financial position. There were no new mining activities, but substantial work was done for the Lady Herial Scoping Study, emphasizing the potential economic benefits due to high gold prices.
Key Points
  • De-risking of Lady Herial gold deposit largely complete
  • Executed Ore Purchase Agreement with Gold Fields Ltd
  • 70% share of future free cash flow for Lunnon Metals
  • Cash balance of $13.3 million as of 30 September 2025
  • Continued drilling and exploration at Foster-Baker project
  • High-grade results in Lady Herial deposit
  • Lady Herial Scoping Study supports economic benefits with high gold prices
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.