Lunnon Metals Says Mineral Resource Estimate Shows 49% Increase in Gold Ounces at Western Australia Deposit; Shares Jump 10%
MT Newswires Live
Yesterday
Lunnon Metals (ASX:LM8) said that the mineral resources estimate (MRE) at the Lady Herial gold deposit within its Kambalda Gold & Nickel project showed a 49% increase in gold ounces from the MRE conducted in November 2025, according to a Friday filing with the Australian bourse.
The mineral resource at the deposit now stands at 790,000 tonnes at 2.1 grams per tonne gold for 54,200 ounces, the filing said.
The structures at the deposit remains open down plunge, the filing added.
The company said it will now complete an open pit optimization to determine the size and gold content of any potential second stage of open pit mining.
Shares of the company rose 10% in recent Friday trade.
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