Lunnon Metals Reports Strong Gold Assay Results

Lunnon Metals (ASX: LM8) has received strong assay results from a comprehensive round of close-spaced reverse circulation (RC) drilling at the Lady Herial gold prospect, at its Kambalda Gold & Nickel Project (KGNP) in Western Australia.

This will be the last round of drilling prior to estimating the initial Mineral Resource, open pit optimisation and submitting a Mining Development and Closure Proposal to the Western Australian government, to commence development.

LM8 Managing Director, Edmund Ainscough, at the Lady Herial 1920s shaft/workings

These results continue to improve confidence in the gold mineralisation at Lady Herial and confirm its status as an exciting, outcropping and high-grade gold deposit with the potential to deliver low strip ratios in any future open pit.

There were numerous, stand-out, significant intercepts recorded, as shown in the adjacent table (true widths approximate drilled widths).

As with the last campaign reported on 3 March 2025, this latest round of drilling was closely spaced and will also serve as grade control drilling for potential future production purposes.

The programme recorded thick, shallow, high-grade gold mineralisation supporting the appropriateness of the current geological interpretation and giving the Company great confidence moving forward.

The KGNP is well positioned to exploit the current high A$ gold price environment given it is on granted mining leases with an abundance of infrastructure nearby.

Potential future production from Lady Herial will allow the company to effectively self-fund its ongoing exploration program aimed at making significant gold discoveries from its portfolio of tenements in the heart of the multi-million ounce St Ives gold camp. The company is already actively engaging with mining contractors to assess their availability towards the end of calendar 2025.

“Yet again! Another job well (and safely) done by Blue Spec Drilling and our small but dedicated site team. In under a year we have taken Lady Herial from first drill hole right the way through to having the deposit almost completely drilled out and ready for regulatory approval; and what better incentive to keep up this great momentum than seeing the A$ gold price at all-time highs,” Managing Director, Edmund Ainscough, said.

“The deposit is high-grade, thick and shallow, three great attributes that in combination with the detailed technical work we have completed to date offer all Lunnon Metals shareholders low risk and short-term exposure to an exciting gold opportunity.”