Hustler & Lady Herial Mineral Resource Updates
| Stock | Lunnon Metals Ltd (LM8.ASX) |
|---|---|
| Release Time | 28 Jul 2026, 8:22 a.m. |
| Price Sensitive | Yes |
Lunnon Metals Ltd Announces Mineral Resource Updates
- Hustler Mineral Resource increased by 20% in gold and 21% in tonnes
- Total deposit now 826,000 tonnes at 1.4 g/t Au for 36,200oz
- Opportunity to integrate Hustler with Lady Herial open pit mining
- Group gold Mineral Resource at 1.48 million tonnes at 1.7 g/t Au for 79,300oz
Lunnon Metals Ltd (ASX: LM8) announced updated Mineral Resource estimates (MRE) for its Hustler and Lady Herial gold deposits at the Kambalda Gold & Nickel Project (KGNP). The Hustler MRE increased by 20% in gold and 21% in tonnes, totaling 826,000 tonnes at 1.4 g/t Au for 36,200oz. The Lady Herial MRE remained unchanged, with 651,000 tonnes at 2.1 g/t Au for 43,100oz. The company is currently mining the adjacent Lady Herial open pit, with gold ore being purchased by its major shareholder, St Ives Gold Mining Co. Pty Ltd. The company plans to fast-track the permitting of the Hustler deposit and integrate it with the Lady Herial open pit, aiming for success in FY2027.
Hustler Mineral Resource increased by 20% in gold and 21% in tonnes; total deposit now 826,000 tonnes at 1.4 g/t Au for 36,200oz
Lunnon Metals plans to fast-track the permitting of the Hustler deposit and integrate it with the Lady Herial open pit, aiming for success in FY2027.