• Cash balance increased to $22.2 million at June quarter end
• Lady Herial mining operations achieved 90% of planned volume
• $13 million FY2027 exploration budget approved
• Mineral Resource update reported for Hustler
• Successful collaboration with St Ives Gold Mining Co.

Lunnon Metals Ltd. reported a cash balance of $22.2 million at the end of the June quarter, significantly up from $12.25 million at the end of the March quarter. The company achieved several milestones at Lady Herial, including mining 90% of the planned volume and 66% of the contained gold. The company also approved a $13 million exploration budget for FY2027 to test the Foster-Baker Area (FBA) and declared an exploration target. An update to the Hustler Mineral Resource estimate reported a 20% increase to 36,200 oz gold. The company continues to collaborate successfully with St Ives Gold Mining Co. Pty Ltd under the Lady Herial Ore Purchase Agreement.

The company plans to complete Lady Herial open pit operations, commence necessary mine rehabilitation, and ramp up drilling activities at FBA to implement the FY2027 budget program.