Lunnon Metals Limited
AASX:LM80.32
AUD
-0.01
(-3.03%)
Lunnon Metals Limited
ASX:LM8
(Australian Securities Exchange)
Recent
price
0.32
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Lunnon Metals Limited (ASX:LM8) is an Australian mineral exploration and development company focused on nickel and gold deposits within the Kambalda district of Western Australia; its principal assets include the Kambalda Gold & Nickel Project (KGNP), encompassing the Foster and Baker tenements covering approximately 47 square kilometers south of Kambalda, as well as nickel rights at the historical Silver Lake and Fisher mines, which collectively produced over 161,000 tonnes of nickel metal from 1967 to 1994. The company holds 100% interests in high-grade nickel sulphide resources and promising gold prospects such as Lady Herial, Hustler, Defiance West, and Warren channel; it conducts drilling programs, resource delineation, and feasibility studies targeting both open-pit gold opportunities and underground nickel development, leveraging nearby infrastructure including processing plants at St Ives for low-capital pathways to production. Founded in 2014 and headquartered at Level 3, 33 Richardson Street, West Perth, Western Australia, Lunnon Metals operates exclusively in Australia with over A$17.5 million in cash as of March 2025 to fund dual-commodity exploration. Recent developments include the execution of an Ore Purchase Agreement in September 2025 with St Ives Gold Mining Company Pty Ltd, a subsidiary of Gold Fields Ltd—its largest shareholder—for the Lady Herial open-pit gold project, securing a 70% free cash flow share post-cost recovery and advancing toward near-term production; high-grade gold assay results from Hustler and ongoing drilling at Defiance West in 2025; entry into exclusive 90-day negotiations with Gold Fields in October 2025 for Lady Herial material processing; a mining agreement with the Ngadju Native Title Aboriginal Corporation in January 2025 covering exploration to production; and high-grade nickel discoveries at Warren channel, alongside a strategic shift emphasizing gold amid favorable market conditions for potential self-funding of exploration by late 2025.