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Lunnon Metals Limited ( (AU:LM8) ) has issued an update.
Lunnon Metals Limited announced significant high-grade gold assay results from the Lady Herial gold deposit, part of its Kambalda Gold & Nickel Project. The results from infill grade control drilling confirm the robustness of the company’s technical analysis and support the development of high-grade zones in the deposit. These findings enhance the company’s confidence in the geological interpretation and grade estimates, paving the way for the next steps in mine design and production scheduling. The announcement underscores the potential for a profitable first gold development for Lunnon Metals, with implications for shareholder value.
The most recent analyst rating on (AU:LM8) stock is a Buy with a A$0.75 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, focusing on the exploration and development of gold and nickel deposits. The company is actively engaged in projects at the Kambalda Gold & Nickel Project (KGNP), with a particular emphasis on the Lady Herial gold deposit.
Average Trading Volume: 169,624
Technical Sentiment Signal: Buy
For a thorough assessment of LM8 stock, go to TipRanks’ Stock Analysis page.