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Highlights:
Lunnon Metals (ASX:LM8) outlines maiden mineral resource at Lady Herial deposit in Kambalda
The company advances drilling plans following initial positive gold intercepts
Gold Fields (JSE:GFI) agreement supports potential development of the discovery
Lunnon Metals (ASX:LM8), operating within the Western Australian gold and nickel sector, has released a maiden mineral resource for the Lady Herial deposit, part of its broader Kambalda Gold and Nickel Project. This milestone represents the company's first declared resource from its gold exploration efforts in the region. The announcement aligns with broader developments on the asx 200, where resource companies remain active in Western Australia.
The Lady Herial resource stems from the initial drilling phase launched earlier in the year. Lunnon Metals reported mineralisation hosted within a distinct gold system, outlining both measured and inferred resources from early exploration. This outcome places Lady Herial as a new contributor to the Kambalda mineral district, where gold and nickel exploration has historically been a key focus.
Technical Programs and Ongoing Drilling Plans
Following the maiden resource declaration, Lunnon Metals is preparing for a new round of infill drilling at Lady Herial. The close-spaced program will support refinement of the existing resource model. According to the company, the drilling initiative is designed to strengthen geological understanding and help remove the need for a grade control phase prior to development.
The technical team has advanced multiple studies around mining feasibility and is awaiting regulatory feedback regarding open pit results. These studies will guide future plans for extraction and processing, while the company maintains an exploration-led strategy focused on the Kambalda district.
Processing Agreement and Development Framework
In March, Lunnon Metals secured a revised agreement with Gold Fields (JSE:GFI) regarding the processing rights of gold material from the Lady Herial deposit. This agreement amends an existing pre-emption right and is expected to enable smoother logistics for ore delivery to a nearby treatment facility managed by Gold Fields.
The collaboration highlights alignment between regional operators and processing stakeholders in the Kambalda area. Lunnon’s existing balance sheet is structured to support additional programs that enhance both exploration and project readiness. The company has indicated intentions to initiate further drilling once infill programs conclude.
Project Significance within the Broader Kambalda Area
The Lady Herial discovery broadens Lunnon’s footprint in the Kambalda belt, known for long-standing production in both gold and nickel. Lunnon Metals continues to focus on expanding and defining mineralised systems within tenements historically underexplored for gold.
With gold intercepts confirmed from recent work, the Lady Herial deposit is positioned as a new contributor to the district’s evolving resource inventory. The outcomes of the current technical assessments are expected to determine the operational steps required to progress the deposit further under the existing development framework.
Lunnon Metals (ASX:LM8) remains focused on gold and nickel exploration across the Kambalda region. The group continues its active engagement in geological drilling, mineral resource expansion, and partnerships related to ore processing. The broader performance of resource stocks such as Lunnon also factors into the ongoing dynamics of the asx 200, with the mining sector maintaining a strong presence across the index.
