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Lunnon Metals Limited ( (AU:LM8) ) has issued an update.
Lunnon Metals Limited has reported excellent results from initial metallurgical sighter test work at the Lady Herial prospect, part of their Kambalda Gold & Nickel Project. The test work, conducted by Independent Metallurgical Operations Pty Ltd, showed high gold recoveries averaging 95% with low reagent consumption, indicating a significant potential for future production. The presence of coarse gold suggests a strong gravity recoverable component, offering the company a strategic opportunity to accelerate the project towards production and self-fund exploration in the St Ives camp, thereby enhancing their market position.
More about Lunnon Metals Limited
Lunnon Metals Limited is a company engaged in the mining industry, focusing on gold and nickel exploration and production. The company is actively working on the Kambalda Gold & Nickel Project, which aims to capitalize on current gold prices, leveraging existing mining leases and nearby infrastructure to potentially fast-track production and exploration efforts.
YTD Price Performance: -10.0%
Average Trading Volume: 145,823
Technical Sentiment Consensus Rating: Buy
See more insights into LM8 stock on TipRanks’ Stock Analysis page.
