LM8.ASX: Lady Herial Gold Open Pit Update

Lady Herial Gold Open Pit Update

Stock	Lunnon Metals Ltd (LM8.ASX)
Release Time	19 Jun 2026, 8:17 a.m.
Price Sensitive	Yes

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Lady Herial Gold Open Pit Update by Lunnon Metals Ltd

Key Points

May 2026 was the best month to date at Lady Herial gold open pit
Over 52,000 tonnes @ 1.71 g/t Au delivered to Gold Fields
$10.8 million received from Gold Fields for gold mined in May
Cash build enabled early repayment of $6.0 million working capital facility

Full Summary

Lunnon Metals Ltd (ASX:LM8) reported an update on the Lady Herial open pit gold mine as of May 2026. The mine delivered over 52,000 tonnes of ore at 1.71 g/t gold to Gold Fields, generating approximately $10.8 million in revenue. Operating costs were $3.4 million, resulting in a significant cash build. This cash enabled the early repayment of a $6.0 million working capital facility. The mine is on track to complete operations in August/September, with total ore tonnes and gold delivered to Gold Fields on target. The company remains confident in achieving the results as modeled in the Feasibility Study, despite higher operating costs due to increased diesel prices.

Guidance

No specific financial metrics provided in the announcement.

Outlook

The company remains on track to achieve the results as modeled in the Feasibility Study, with the current cost and gold price profile within the range of the analysis conducted.