Lunnon Metals Ltd’s Post

Lunnon Metals Ltd had a strong and exciting September quarter and recently published our Quarterly Activities and Cash Flow Reports. Highlights include: 🌟 Continued success at Lady Herial confirmed its potential as a source of high-grade, thick, near-surface #gold mineralisation 🥇 Gold exploration program to be extended to include multiple other prospects in the under-explored #Foster “nickel belt” 🚀 Successful application for WA Exploration Incentive Scheme (EIS) grant to test #DefianceWest target for #Beta/Hunt style gold system 💰 Strong #cash balance of $21.1 million at 30 September 2024 (30 June 2024: $22.0 million) Commenting on the September 2024 quarter, Managing Director, Edmund Ainscough, said: "It has been very pleasing to see Aaron Wehrle, our Exploration & Geology Manager, and his site team receive well-deserved recognition for their outstanding work and be rewarded by the exciting results at #LadyHerial in particular. This success serves as early and strong validation of Lunnon Metals’ decision to turn our attention to gold at the start of 2024. Aaron and I share a deep history in gold at St Ives, having worked for #WMC and GOLD FIELDS during what was, in hindsight, a transformative period. It was during this time that Gold Fields began unlocking the vast potential of what is clearly now one of Australia’s premier gold camps. They achieved this by leveraging the excellent geoscience knowledge and experience within the old WMC team, combining it with the power of the drill dollar in a significantly increased budget; and just look at what they’ve accomplished. Lunnon Metals, while operating on a much smaller scale, is navigating a similar journey. The success at #LadyHerial, coupled with the opportunity at #Hustler and the multiple other promising prospects that are emerging, reinforces our confidence that we can deliver the same success for gold as we did with the drill bit at #Baker for nickel.”  Read the full Activities Report here: https://lnkd.in/grDpuGCr Read the full Cash Flow Report here: https://lnkd.in/gP8YEemP

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