• Lady Herial Mining Proposal approved by Western Australian government
• Satisfies key condition precedent to Ore Purchase Agreement with major shareholder
• Once Native Vegetation Clearing Permit received, Ore Purchase Agreement will be unconditional

Lunnon Metals Limited (ASX: LM8) has received approval from the Western Australian government's Department of Mines, Petroleum and Exploration (DMPE) for the Mining Proposal/Mine Closure plan relating to the proposed Lady Herial open pit development, the company's first gold discovery at its Kambalda Gold & Nickel Project. Lady Herial is an outcropping to very shallow, high-grade and thick gold deposit, hosted on granted mining leases with an abundance of infrastructure nearby. The approval satisfies another key condition precedent to the recent Ore Purchase Agreement (OPA) with major shareholder, St Ives Gold Mining Co. Pty Ltd (SIGM). Once the Native Vegetation Clearing Permit is received and the mine schedule is finalised, the OPA will be unconditional. The company has aggressively de-risked the opportunity in parallel through signing a Land Access Deed with the traditional custodians, completing 20km of drilling to define and de-risk the Mineral Resource, reporting an initial Mineral Resource and Scoping Study, and signing the binding OPA with SIGM. Mining contracts are being finalised, and once the remaining regulatory approval is received, the Board will be in a position to make a Final Investment Decision, enabling contract execution, clearing and open pit mining to commence.