Lady Herial Open Pit Advances Toward Production Phase
Lunnon Metals Limited (ASX: LM8) has achieved a critical milestone with the Ore Purchase Agreement for the Lady Herial project now fully unconditional, following agreement with major shareholder St Ives Gold Mining Co. Pty Ltd on a detailed, bench-by-bench mine schedule. The finalised design enables completion of the Lady Herial Feasibility Study, with results expected shortly, and positions the Board to progress toward a Final Investment Decision and the commencement of mining activities.
All regulatory approvals have been secured from the Western Australian Department of Mines, Petroleum and Exploration, allowing targeted vegetation clearing within the open pit footprint. This has opened access for reverse circulation drilling in previously restricted areas, including around a historical 1920s-era shaft located outside the current Mineral Resource but within the pit design. Any additional mineralisation identified can be readily incorporated into the existing mine plan. Management noted that the project has systematically transitioned from exploration to a mining-ready status through disciplined execution and close technical collaboration.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Lady Herial Open Pit Advances Toward Production Phase
Lunnon Metals Limited (ASX: LM8) has achieved a critical milestone with the Ore Purchase Agreement for the Lady Herial project now fully unconditional, following agreement with major shareholder St Ives Gold Mining Co. Pty Ltd on a detailed, bench-by-bench mine schedule. The finalised design enables completion of the Lady Herial Feasibility Study, with results expected shortly, and positions the Board to progress toward a Final Investment Decision and the commencement of mining activities.
All regulatory approvals have been secured from the Western Australian Department of Mines, Petroleum and Exploration, allowing targeted vegetation clearing within the open pit footprint. This has opened access for reverse circulation drilling in previously restricted areas, including around a historical 1920s-era shaft located outside the current Mineral Resource but within the pit design. Any additional mineralisation identified can be readily incorporated into the existing mine plan. Management noted that the project has systematically transitioned from exploration to a mining-ready status through disciplined execution and close technical collaboration.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au