Latest Lunnon Metals (ASX:LM8) News

A takeover offer lit up small caps, while one high-growth software name slid hard despite strong sector news. Resources dominated the winners list, but investors still punished dilution and discounted fundraisings.

Lunnon Metals has approved the Final Investment Decision for its Lady Herial gold project, paving the way for mining to commence following a strong feasibility study and unconditional ore purchase agreement.

A few stocks did the heavy lifting this week, with one biotech exploding higher and a gas name collapsing on the other side of the ledger. Big moves came from capital raises, regulator decisions, and drill results that investors treated as near-term value, not distant promises.

Lunnon Metals has completed a detailed Feasibility Study for its Lady Herial gold deposit, outlining a robust, short-life open pit mine with strong pre-tax cash flows exceeding $40 million. The project is fully permitted and poised for imminent development.

Lunnon Metals and St Ives Gold Mining have finalized the mine schedule for Lady Herial, making their Ore Purchase Agreement unconditional and setting the stage for mining to begin.

Lunnon Metals reports standout drilling results at Lady Herial, revealing thick, high-grade gold mineralisation beyond current open pit plans and setting the stage for expanded mining activity.

Lunnon Metals has reported significant gold intercepts at its Paringa West prospect, confirming a promising new geological structure within the prolific St Ives gold camp. The results bolster the company’s exploration ambitions in Western Australia’s renowned Foster-Baker Project.

Lunnon Metals has secured the last regulatory approval needed to advance its Lady Herial gold project, bringing it closer to production under a key agreement with St Ives Gold Mining.

Lunnon Metals has secured critical mining proposal approval for its Lady Herial gold deposit, moving the project closer to production under a binding ore purchase deal with St Ives Gold Mining.

Lunnon Metals reports significant high-grade gold assay results from the Lady Herial deposit, confirming promising mineralisation below and within the planned open pit. The company advances towards regulatory approvals and a final investment decision.

Lunnon Metals has updated its Lady Herial gold resource to 36,300 ounces at 2.0 g/t, securing Gold Fields’ approval and nearing regulatory green light for mining.

Lunnon Metals has secured shareholder approval for its Ore Purchase Agreement and chosen Hampton Mining as the preferred contractor for its Lady Herial gold open pit, moving closer to operational commencement pending regulatory permits.