Lunnon Metals Limited Uncovers 20+ g/t Surface Gold Breakthrough, Paving the Way for Future Production and Cash Flow Growth

Tuesday, June 3, 2025
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8:22 am
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Lunnon Metals Limited has reported impressive high-grade surface gold results from its Koombana and Hustler prospects, with assays up to 20.47g/t. The encouraging findings bolster plans for follow-up drilling, enhancing potential near-term production and cash flow—a promising opportunity for beginner investors.

Lunnon Metals Limited has reported encouraging surface exploration results from its Foster Gold Belt prospects at Hustler and Koombana, which could pave the way for a new gold discovery at its Kambalda Gold & Nickel Project. The company’s latest sampling campaign, involving 84 bone‐chip and grab samples, revealed notably high gold grades in areas associated with historical workings. At the Koombana prospect, grab samples returned striking assay values of 20.47 g/t, 13.98 g/t, and 13.05 g/t gold, while the Hustler prospect has now defined a previously unrecognized linking structure between two primary northwest dipping gold lodes. These surface results mirror traits seen at the company’s Lady Herial deposit, such as shallow, outcropping mineralisation and the presence of both high‐grade shoots and lower grade zones over potential stacked structures. With 32 of the collected samples registering over 0.25 g/t gold and 15 exceeding 1.0 g/t gold, the data are expected to enhance drilling strategies by better pinpointing intercepts along the target structures. Lunnon Metals plans to follow up these promising indications with drilling campaigns, aiming to further delineate the resource while advancing permitting for the Lady Herial Mineral Resource, currently reported at 573,000 tonnes grading 1.6 g/t gold. The news highlights the technical advantages of the Foster Gold Belt, hosted by the known favourable Defiance Dolerite, as well as the company’s ability to integrate modern sampling with historical exploration data. This could potentially add significant resource upside and support future production and cash flow generation. Bullish sentiment arises from the strong high-grade assay results, the identification of a new linking structure at Hustler, and the strategic proximity to the already declared Lady Herial resource. These factors boost confidence in the company’s exploration strategy and its potential to unlock additional mineralisation in an under-explored gold belt with established historical significance. On the bearish side, risks remain typical of early-stage exploration projects, including the inherent uncertainties of refining drill targets, the need for successful follow-up drilling, and the challenges of translating surface sampling results into commercial mining outcomes.

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