• $6 million term loan facility secured from Bedrock Alpha Credit Income Fund
• Funding for general working capital, pre-production, and site establishment for Lady Herial Project
• Supports transition to mining at Lady Herial

Lunnon Metals Limited (ASX:LM8) has entered into an agreement for a secured single draw, term loan facility of $6 million with Bedrock Alpha Credit Income Fund. The facility will provide funding for the company's general working capital requirements, including pre-production costs and site establishment expenses for the Lady Herial Project. This will ensure Lunnon Metals has sufficient liquidity and working capital prior to receiving payments under the Ore Purchase Agreement, which commences upon delivery of first ore to St Ives Gold Mining Co. Pty Ltd later this month. The facility is repayable in full eight months after drawdown and contains customary terms for a facility of this nature. Securing this facility is considered a prudent and disciplined way to maintain strong working capital through the early stages of development at Lady Herial. The recent Feasibility Study highlighted the potential for the project to yield over $45 million in free cash flow (pre-tax) at the current gold price, reinforcing the quality and robustness of Lady Herial. With approvals in place and clearing and site establishment commenced, this funding supports confident execution as Lunnon Metals focuses on safe and efficient delivery of the mine plan.

The facility will ensure Lunnon Metals has sufficient liquidity and working capital prior to receiving payments under the Ore Purchase Agreement, which commences upon delivery of first ore to St Ives Gold Mining Co. Pty Ltd later this month.