Lady Herial Working Capital Facility Secured

• $6 million term loan facility secured from Bedrock Alpha Credit Income Fund
• Provides funding for general working capital, pre-production, and site establishment for Lady Herial Project
• Supports transition to mining at Lady Herial, with first ore delivery scheduled for later this month

Lunnon Metals Limited (ASX:LM8) has entered into an agreement for a secured single draw, term loan facility (Facility) with Bedrock Alpha Credit Income Fund (Bedrock). The $6 million Facility will provide Lunnon Metals with funding for its general working capital requirements, including pre-production costs and site establishment expenses for the Lady Herial Project. The Facility will ensure the Company has sufficient liquidity and working capital prior to receiving payments under the Ore Purchase Agreement, with payments commencing upon delivery of first ore to St Ives Gold Mining Co. Pty Ltd, scheduled for later this month. The Facility is repayable in full on the date which is eight months after drawdown and contains customary terms for a facility of this nature. The Facility does not impose any hedging requirements on the Company. Securing this Facility is considered a key step as Lunnon Metals transitions toward mining at the Lady Herial Project, with the recent Feasibility Study highlighting the potential for the Project to yield over $45 million in free cash flow (pre-tax) at the current gold price.

The Facility will provide Lunnon Metals with $6 million in funding to support general working capital, pre-production costs, and site establishment expenses for the Lady Herial Project.

The Facility will ensure Lunnon Metals has sufficient liquidity and working capital to support the transition to mining at the Lady Herial Project, with first ore delivery scheduled for later this month.