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Lunnon Metals (ASX:LM8) | Lady Herial Gold Open Pit Update
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Trading Titan by Market Open
Episode notes
In this episode of MarketOpen’s Trading Titan podcast, we cover the latest operational update from Lunnon Metals, ASX ticker LM8, focused on the Lady Herial Gold Open Pit.
June 2026 was the project’s best month to date, with more than 62,000 tonnes of ore mined at 1.73 grams per tonne gold, containing 3,473 ounces of gold. Approximately $12.0 million was received from Gold Fields during the month, while outgoing expenses directly related to the Lady Herial operation totalled approximately $3.0 million. Both figures are GST exclusive and unaudited.
Cumulative deliveries under the Ore Purchase Agreement have reached nearly 207,000 tonnes at 1.59 grams per tonne gold, containing 10,561 ounces. At the agreed 91% metallurgical recovery, this yielded 9,613 ounces of gold.
The abandonment bund is 80% complete, while progressive rehabilitation and the sp ...
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