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Lunnon Metals Limited (ASX:LM8)

ALERT: Price-sensitive ASX Announcement for LM8
Current share price for LM8 : $0.305 -0.095 (-23.75%)+
Announcement
Release
27 Feb 2026 8:07AM
Price at Release
$0.400
Full Release
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Summary
Lunnon Metals Limited has provided an updated Mineral Resource Estimate (MRE) for the Lady Herial deposit, detailing significant drilling work and categorizing resources as Measured, Indicated, and Inferred. The deposit features various mineralized structures with a total of 789,000 tonnes at an average grade of 2.1 g/t Au. Geological understanding has been enhanced through recent drilling, and feasibility studies confirm economic viability. Mining operations have commenced, backed by high metallurgical recoveries and regulatory approvals.
Key Points
  • Lunnon Metals Limited reported an update on the Lady Herial Mineral Resource Estimate (MRE) as of 27 February 2026.
  • The updated MRE is based on extensive drilling, including over 500 holes totaling more than 22.5 kilometers.
  • The Lady Herial deposit features several mineralized structures: Upper, Middle, Lower, Sed/Paringa Basalt, MZ Surface, and Northwest.
  • The MRE categorizes resources into Measured, Indicated, and Inferred, with a total of 789,000 tonnes at an average grade of 2.1 g/t Au, amounting to 54,200 ounces of gold.
  • Geological understanding of the deposit has been significantly enhanced through recent close-spaced drilling.
  • Lunnon Metals has conducted a feasibility study and Whittle pit optimizations, confirming the economic viability of the deposit with robust prospects for eventual economic extraction.
  • The company has secured necessary regulatory approvals, and mining has commenced with initial open-pit operations.
  • Metallurgical test work indicates high recoveries and low reagent usage, aligning with commercial agreements for processing at SIGM's Lefroy plant.
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.