Hustler’s Narrower Gold Zone Poses Challenge for Lunnon Metals’ Next Steps

Exploration Progress at Hustler

Lunnon Metals Limited (ASX – LM8) has released assay results from its recent reverse circulation drilling at the Hustler prospect, part of the Foster-Baker Gold Project near St Ives and Kambalda in Western Australia. The drilling has delineated a promising gold mineralised zone characterised by multiple significant intercepts, including standout results such as 20 metres at 1.66 grams per tonne gold and 28 metres at 1.02 grams per tonne gold.

Importantly, the mineralisation is described as shallow, thick, and moderately high-grade, with the best-developed zones occurring within the Defiance Dolerite host rock. This favourable geological setting is comparable in width to the nearby Lady Herial deposit, which lies just 350 metres northwest of Hustler and is preparing for open pit mining.

Next Steps – Modelling and Economic Assessment

The company plans to model the gold mineralisation identified to date and conduct open pit optimisation exercises using current gold prices. This modelling will help determine whether Hustler warrants further drilling to advance it toward resource classification and potential development. Should the results indicate economic viability, Lunnon Metals intends to initiate permitting processes and expand drilling efforts to better define the resource.

Plentiful Prospect Drilling Complete

In parallel, Lunnon Metals has completed diamond drilling at the Plentiful prospect under the Exploration Incentive Scheme (EIS) grant. This target lies between major gold mining complexes operated by Gold Fields Ltd, a significant regional player and major shareholder in Lunnon Metals. The Plentiful prospect was identified through geophysical surveys revealing a magnetic anomaly caused by a differentiated dolerite unit. Detailed logging and sampling of the diamond core are underway, with assay results expected soon.

Strategic Position in a Prolific Gold Camp

The Foster-Baker Gold Project benefits from its location within one of Australia’s most prolific gold camps, the St Ives/Kambalda district. This region has a rich mining history dating back over a century and hosts substantial gold and nickel mineralisation. Lunnon Metals holds 100% rights to gold in most of its tenements, with strong infrastructure nearby including processing plants operated by Gold Fields.

Managing Director Edmund Ainscough highlighted the company’s methodical approach to exploration, noting that Hustler shares many attributes with the Lady Herial deposit at a similar stage of discovery. The company is focused on identifying the next viable gold resource to sustain its growth in the region.