Lunnon Metals Limited today reported exciting new gold assay results from its Lady Herial project at the Kambalda Gold & Nickel Project in Western Australia. The company’s follow‐up reverse circulation drilling in an area to the northwest of its proposed open pit has confirmed a “stacked gold structure” with several noteworthy intercepts. Highlights include one intercept of 15 meters averaging 2.19 grams per tonne (g/t) gold and others of 12 meters at 2.19 g/t and 14 meters at 1.10 g/t gold, along with additional high-grade pockets such as 2 meters at 6.21 g/t and 3 meters at 1.09 g/t. These data points support the interpretation that the gold mineralisation at Lady Herial remains open down plunge and further demonstrates the potential for additional discoveries in the underexplored Foster Gold Belt. The updated assay results have not altered the current preferred open pit design because the vertical separation between the new northwest structure and the already defined upper structure means that the planned mining operations can remain on schedule. Lunnon Metals is pressing ahead with an aggressive permitting schedule, with submissions to the Western Australian Department of Mines, Petroleum and Exploration imminent, and negotiations with major shareholder Gold Fields Ltd regarding an ore sale/ore purchase arrangement are progressing well. The company’s Managing Director remarked that the broader tenement package appears underexplored and hinted at the possibility of future discoveries that could add significant value to the portfolio. The news supports a bullish sentiment as the drilling results not only confirm robust gold mineralisation but also validate the company’s strategy to fast-track open pit development. With well-defined intercepts at competitive grades and a clear path forward through permitting and strategic negotiations, the outlook is positive for potential near-term value generation and continued exploration success. On the bearish side, while the results are encouraging, the fact that the current open pit design remains unchanged suggests that the new discoveries are still in the evaluation phase and may require additional underground development, which carries inherent risks, including potential delays in regulatory approvals and challenges in converting exploration success into profitable mining operations.