ASX:LM8

4 stories mentioning ASX:LM8Updated 27d ago

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

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

Asia28d ago

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

Asia53d ago

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

Asia63d ago

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.

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