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Lunnon Metals Limited ( (AU:LM8) ) has provided an update.
Lunnon Metals Limited has made significant progress in its operations during the September 2025 quarter, highlighted by the completion of de-risking activities at the Lady Herial gold deposit and the execution of an Ore Purchase Agreement with Gold Fields Ltd, securing a 70% share of future free cash flow. The company maintains a strong cash position of $13.3 million, supporting its ongoing exploration and development programs. The high Australian dollar gold price enhances the potential financial outcomes for Lunnon Metals, while the Nickel Assets Scoping Study confirms the economic viability of the Baker and Foster projects.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Lunnon Metals Limited stock, see the AU:LM8 Stock Forecast page.
More about Lunnon Metals Limited
Lunnon Metals Limited is a company operating in the mining industry, primarily focused on gold and nickel exploration and development. The company is engaged in on-ground drilling and exploration programs, particularly at the Foster-Baker project, and is involved in de-risking activities at the Lady Herial gold deposit. Lunnon Metals also has interests in nickel assets, with a scoping study confirming the economic value of its Baker and Foster projects.
Average Trading Volume: 223,927
Technical Sentiment Signal: Buy
Find detailed analytics on LM8 stock on TipRanks’ Stock Analysis page.