FINWIRES · TerminalLIVE
FINWIRES

ASX:LM8

13 stories mentioning ASX:LM8Updated just now

Every FINWIRES story that references ASX:LM8, newest first.

What's the latest news on ASX:LM8?

Asia

Lunnon Metals Intersects High-Grade Gold at Western Australia Prospects

Lunnon Metals (ASX:LM8) intersected high-grade gold at the Koombana and Hustler deposits, within the Foster-Baker project in Western Australia, according to a Tuesday filing with the Australian bourse.Drilling at Hustler returned 1 meter at 81 grams per tonne grade of gold, two meters at 15 g/t grade of gold, 3.62 meters at 11 g/t grade of gold, and four meters at 7 g/t grade of gold, the filing said.Meanwhile, drilling at Koombana intersected 22 meters at 3.31 g/t grade of gold, five meters at 3.91 g/t grade of gold, 10 meters at 1.53 g/t grade of gold, and 19 meters at 0.94 g/t grade of gold, per the filing.

ASX:LM8
Asia

Lunnon Metals Intersects Mineralized Structure at Western Australia Gold Project

Lunnon Metals (ASX:LM8) said a new mineralized structure estimated at 40 meters true width has been intersected in the third diamond drill hole at the Benmore target, the first conceptual target tested under its AU$13 million fiscal 2027 exploration program at the Foster-Baker gold project in Western Australia, according to a Wednesday Australian bourse filing.The company said an interval prioritised for sampling returned nearly 19 metres at 0.61 grams per tonne gold, with individual grades ranging from 0.03 g/t to 8.37 g/t gold over 0.36 metres and 7.26 g/t gold over 0.32 metres, with multiple breccia and vein structures typical of the St Ives style.Assays remain pending for the remainder of the shear zone and other holes, the filing added.

ASX:LM8
Asia

Lunnon Metals' Western Australia Gold Mine Delivers Strongest Monthly Result in July; Shares Gain 3%

Lunnon Metals (ASX:LM8) said total ore mined at its Lady Herial gold mine in Western Australia reached 76,937 tonnes at 1.79 grams per tonne grade of gold for 4,439 ounces of the precious metal, representing the strongest monthly result to date, according to a Thursday filing with the Australian bourse.For July, Lunnon Metals invoiced Gold Fields unit St Ives Gold Mining about AU$14.8 million for the delivery of 4,039 ounces of gold under as ore purchase agreement, versus direct costs of AU$2.5 million, per the filing.Open pit mining operations were completed ahead of the feasibility study schedule, with the last parcel of gold ore delivered to the mine ore pad on Aug. 8, Lunnon Metals said.The company's shares gained 3% in recent Thursday trade.

ASX:LM8
Asia

Lunnon Metals Reports 20% Increase in Hustler Gold Resource at Western Australia Project

Lunnon Metals (ASX:LM8) said the updated mineral resource estimate (MRE) for its Hustler gold deposit at its Kambalda gold and nickel project in Western Australia has increased 20% in gold and 21% in tonnes to 826,000 tonnes at 1.4 grams per tonne (g/t) gold for 36,200 ounces, according to a Tuesday Australian bourse filing.The company said the updated MRE comprises an indicated resource of 171,000 tonnes at 1.3 g/t gold for 7,000 ounces and an inferred resource of 655,000 tonnes at 1.4 g/t gold for 29,200 ounces, with the opportunity to integrate Hustler with any second stage of open pit mining at Lady Herial.The group gold mineral resource currently stands at 1.48 million tonnes at 1.7 g/t gold for 79,300 ounces, the filing added.

ASX:LM8
Asia

Lunnon Metals Exploration Plans Gain Backing From Strong Cash Flow, Euroz Hartleys Says

Lunnon Metals (ASX:LM8) is well positioned to accelerate exploration and potentially extend mining at its Lady Herial gold project after strong free cash flow and a growing cash balance, Euroz Hartleys said in a Thursday note.The company generated AU$9 million in free cash flow in June by delivering 62,000 tonnes of ore grading 1.73 grams per tonne, containing 3,500 ounces of gold, to Gold Fields at an average realized gold price of AU$6,027 per ounce.Euroz Hartleys said Lady Herial mining remains on track, with 90% of the pit mined and 66% of contained gold delivered, while potential final "goodbye" cuts could provide additional ore before operations cease.The research firm noted that the company ended June with AU$21 million in cash, with rising free cash flow expected to fund its planned 43-kilometer fiscal year 2027 drilling program, assuming stable gold prices.It highlighted the potential for a second-stage open-pit cutback at Lady Herial, with continued mineralization potentially extending mining beyond the current plan, which includes just 45% of the global mineral resource on a contained-ounce basis.The research firm retained its speculative buy recommendation and AU$0.84 per share price target on Lunnon Metals.

ASX:LM8
Asia

Lunnon Metals Mines Over 62,000 Tonnes at Western Australia Open Pit Gold Mine in June

Lunnon Metals (ASX:LM8) said it received AU$12 million as payment in June from Gold Fields for gold mined under an ore purchase agreement, with over 62,000 tonnes at 1.73 g/t grade of gold, containing 3,473 ounces of gold, delivered from the Lady Herial open pit gold mine in Western Australia, according to a Thursday Australian bourse filing.The operations are expected to be completed in August or September. Around 90% of the total pit volume had been mined, and 66% of the gold by the end of June.

ASX:LM8
Asia

Lunnon Metals Identifies High-Grade Gold at Western Australia Deposit

Lunnon Metals (ASX:LM8) said it identified high-grade gold mineralization during recent drilling at the Hustler gold deposit, located 400 meters southeast of its active Lady Herial gold open pit at the Foster-Baker gold project in Western Australia, according to a Tuesday Australian bourse filing.The results were up to one meter at 22.22 grams per tonne gold from one meter and five meters at 2.18 grams per tonne gold from 54 meters.The company said recent exploration activities have focused on de-risking the adjacent Hustler gold deposit via a program of infill drilling, it added.The company's shares rose 5% on market close.

ASX:LM8
Asia

Lunnon Metals Well Positioned for Catalyst-Rich Fiscal Year 2027, Euroz Hartleys Says

Lunnon Metals' (ASX:LM8) mining at its Lady Herial operation in Western Australia advanced as planned in May, helping position the company for a catalyst-rich fiscal 2027, Euroz Hartleys said in a Friday note.The total ore mined was over 52,000 tonnes at 1.71 grams per tonne grade of gold for about 2,900 gold ounces.Attributable free cash flow to Lunnon Metals was AU$7.4 million, which enabled the early repayment of a AU$6 million working capital facility in June."Holding the gold price constant, we expect an uptick in [free cash flow] over the coming months as mined grade lifts and the strip ratio declines," the investment firm said.The next key market updates for Lunnon Metals will be disclosures on the company's exploration plans and the quality of high-priority targets across the underexplored KGNP tenure, Euroz Hartleys said.It maintained a speculative buy rating and AU$0.84 per share price target on the mining firm "with high conviction."Lunnon Metals shares fell 3% in recent Friday trade.

ASX:LM8
Asia

Lunnon Metals Reports Nearly 154,000 Bank Cubic Meters Total Volume Mined at Western Australia Mine; Shares Down 3%

Lunnon Metals (ASX:LM8) reported nearly 154,000 bank cubic meters of total volume mined at the Lady Herial open pit gold mine in Western Australia as of the end of May, according to a Friday filing with the Australian bourse.The total ore mined was over 52,000 tonnes at 1.71 grams per tonne grade of gold containing 2,865 gold ounces, the filing said.The ore purchase agreement with Gold Fields subsidiary, St Ives Gold Mining Co., continues to operate as planned, with over 144,000 tonnes at 1.53 g/t grade of gold delivered to date, per the filing.Shares fell 3% in afternoon trade on Friday.

ASX:LM8
Asia

Lunnon Metals' Lady Herial Gold Project Has Potential for Further Mining, Says Euroz Hartleys

Lunnon Metals' (ASX:LM8) Lady Herial gold mine in Western Australia has potential for further mining through a possible pit extension, Euroz Hartleys said in note on Tuesday.The company produced 2,300 ounces of gold and generated about AU$5 million in free cash flow from the project in April, with mining expected to conclude in August to September period, in line with the schedule.Any future pit extension would fall within the approved mining area which could potentially extend mining operations beyond the current mine plan, the investment firm added.Euroz Hartleys maintained a speculative buy rating and its price target of AU$0.84.

ASX:LM8
Asia

Lunnon Metals Reports Continued Mining at Western Australia Gold Project in April

Lunnon Metals (ASX:LM8) said it mined total volume of just over 200,000 bank cubic meters in April at its Lady Herial open pit gold mine in Western Australia, with total ore mined reaching over 54,000 tonnes at 1.3 grams per tonne grade of gold, according to a Tuesday filing with the Australian bourse.Mining at the site continued as planned through April with no impact from significant weather events or diesel availability, the company said.In April, the company invoiced Gold Fields subsidiary St Ives Gold Mining about AU$9 million under an ore purchase agreement, with full payment received, per the filing.Lunnon Metals said its planned waste and ore movements for the coming months suggest operations will finish in August or September.

ASX:LM8
Asia

Lunnon Metals Delivers Over 38,000 Tonnes of Ore From Western Australia Gold Mine; Shares Up 4%

Lunnon Metals (ASX:LM8) moved over 250,000 bank cubic meters (BCM) of material at the Lady Herial gold mine in Western Australia to the end of March, enabling the delivery of 38,287 tonnes at 1.56 grams per tonne grade of gold for 1,752 ounces to the mine ore pad, according to a Friday filing with the Australian bourse.The stockpiles now await formal joint certification before St Ives Gold Mining collects them for processing under their ore purchase agreement, the filing said.Mining operations are progressing well despite wet weather in March, still in line with the schedule from the feasibility study, per the filing.Lunnon Metals shares rose 4% in morning trade on Friday.

ASX:LM8
Asia

Lunnon Metals Says Gold Structures Extend to Over 500 Meters at Western Australia Project

Lunnon Metals (ASX:LM8) said recent exploration results support key mineralized structures continuing at depth at its Lady Herial gold system in Western Australia, with the depth extent of the structures now at a significant plunge of more than 500 meters, according to a Monday Australian bourse filing.The company said the results highlight the potential for these structures to interact down-dip with the Foster underground nickel mine and other prospective gold host rocks within the St Ives camp, creating potential future synergies between gold and nickel underground at Foster and Lady Herial.The results also open up the opportunity for the Lady Herial gold system to interact with the Lunnon Sediment, the host rock to the Father's Day Vein at Beta/Hunt, a gold and nickel mine within the St Ives camp, the filing added.The company's shares fell 1% in recent Monday trade.

ASX:LM8

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:LM8 in your portfolio
WheelAI
WheelAI
Analyze ASX:LM8 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:LM8