Lady Herial Gold Open Pit July Update

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Stock Lunnon Metals Ltd (LM8.ASX)
Release Time 13 Aug 2026, 8:16 a.m.
Price Sensitive Yes
 Lady Herial Gold Open Pit July Update
Key Points
  • July 2026 was the best month at Lady Herial since mining commenced
  • Close to 77,000 tonnes @ 1.79 g/t Au (4,439oz) delivered in month to Gold Fields
  • Lunnon Metals invoiced Gold Fields $14.8 million for gold mined in July
  • Once the July invoice has been paid, Lunnon Metals will have realised $35 million free cash flow
  • Lady Herial gold open pit was completed in early August, ahead of schedule
Full Summary

Lunnon Metals Limited (ASX: LM8) has provided an update on the Lady Herial open pit gold mine, highlighting a strong performance in July 2026. The mining operation delivered the best monthly result since commencement, with 76,937 tonnes of ore mined at 1.79 g/t Au, containing 4,439 ounces of gold. Lunnon Metals invoiced Gold Fields Ltd subsidiary, St Ives Gold Mining Co. Pty Ltd, approximately $14.8 million for the month's gold deliveries. With an estimated gold price of $5,850.83/oz for July, the company realized a free cash flow of $35.3 million (pre-tax, unaudited) as its 70% share of the total free cash flow. The open pit mining operations were completed in early August, ahead of the Feasibility Study schedule, with the last parcel of gold ore delivered to the Mine Ore Pad on 8 August. Total volume mined for July was 76,397 bank cubic metres.