• Gold assay results for Lady Herial Middle and Lower Structures returned
• Northwest Prospect and sediment hosted upside also tested
• Significant high-grade gold assay results on Lower Structure include: 20m @ 12.29g/t Au, 16m @ 8.16g/t Au, 17m @ 2.07g/t Au and 12m @ 2.92g/t Au

Lunnon Metals Limited (ASX: LM8) is pleased to report on the progress of infill grade control spaced drilling at the Lady Herial gold deposit, a priority development and production opportunity at its Kambalda Gold & Nickel Project (KGNP). Gold assays from infill definition reverse circulation (RC) drilling at an approximate 8m x 6m (grade control) spacing have now also been returned for the Lower and Middle Structures at the Lady Herial gold deposit. The program of RC drilling was designed to complete all essential drilling before development commences and therefore de-risk the deposit to the maximum extent possible, prior to mining. All assay results have now been returned, with the following stand-out, high-grade, significant intervals recorded at a range of shallow depths (>0.5g/t Au cut-off): Lower Structure - 20m @ 12.29g/t Au, 16m @ 8.16g/t Au, 19m @ 1.96g/t Au, 17m @ 2.07g/t Au, 12m @ 2.92g/t Au, 25m @ 1.37g/t Au, 17m @ 1.98g/t Au, 19m @ 1.74g/t Au, 19m @ 1.58g/t Au, 13m @ 2.23g/t Au, 9m @ 2.50g/t Au, 8m @ 3.09g/t Au; Middle Structure - 10m @ 2.21g/t Au; Sediment hosted Upper Structure - 5m @ 4.76g/t Au; Northwest Prospect - 4m @ 8.08g/t Au. An update to the geological model and Mineral Resource estimate can now commence which in turn will allow the mine design and production schedule to be completed. The objective at Lady Herial is to exploit the now extremely well defined high-grade zones on the Upper, Middle and Lower Structures as early as possible.

The Company's objective is to position itself to effectively self-fund an extensive discovery program at higher risk, higher reward targets like Defiance West, Plentiful and others, seeking to discover the next significant gold deposit in the +16Moz St Ives gold camp.