Lunnon Metals Limited has reported encouraging progress at its Lady Herial gold deposit within its Kambalda Gold & Nickel Project. The latest pre-development update highlights results from a reverse circulation drilling campaign, where significant near-surface gold mineralisation was detected in an area now termed the LDH Northwest prospect. Notably, the campaign returned an intercept of 15 meters at 1.73 g/t gold from one hole and 8 meters at 1.14 g/t gold from another. These results, when combined with a historical intercept of 18 meters at 0.99 g/t, support the existence of a new, stacked gold structure up to 100 meters away from the main deposit. The drilling program was designed as a “sterilisation” exercise to confirm that future surface infrastructure such as waste dump and ROM pad placement would not encroach on economic mineralisation. Testing in both the granophyric Zone 4 unit of the Defiance Dolerite and the Kapai Slate unit has provided a clearer picture of the deposit’s continuity and outlined areas for further follow-up. In addition to the sterilisation drilling, a geotechnical due diligence program was completed that yielded a high-grade intercept of 1 meter at 13.41 g/t gold, reinforcing the deposit’s potential for open pit mine optimisation. The announcement also reaffirms the robust Mineral Resource at Lady Herial, currently estimated at 573,000 tonnes averaging 1.6 g/t for approximately 29,000 ounces of gold. The deposit’s favorable location, close to existing infrastructure in one of Australia’s prolific gold camps, aligns with the company’s strategy of aggressively pursuing permit approvals to facilitate a low-cost, open pit operation. Bullish sentiment for Lunnon Metals emerges from the strong, shallow, and high-grade intercepts, the continuity of stacked mineralisation along a 1.8-kilometer strike length, and the potential for near-surface, lateral growth. Investors might view these developments as supportive of both further resource expansion and a viable low-cost open pit mining scenario in a high price gold environment. However, a bearish perspective highlights the risks inherent in permitting processes and the uncertainty around the full lateral and vertical extent of the mineralisation, which remain to be fully defined by further drilling programs. Overall, the company’s recent drilling results and ongoing exploration efforts reinforce the promising nature of the Lady Herial deposit as it moves towards potential development in an established and well-provisioned gold region.