LM8: Baker Preliminary Feasibility Study - A Rising Star

LUNNON METALS LIMITED

• Completion of Preliminary Feasibility Study (PFS) for the Baker deposit, confirming it as a commercially robust high-grade nickel sulphide orebody with low pre-production capital cost.
• Initial probable Ore Reserve of 612kt averaging 2.86% Ni for 17.5kt contained nickel, with significant future upside potential and the deposit remaining open down plunge.
• Pre-tax and post-tax free cash flow generation of $196 million and $145 million, enabling detailed offtake discussions for the high grade nickel sulphide ore of the Baker Project.

2023-05-22 08:21:00

LM8: East Trough Records Massive Nickel Sulphides Near Baker

LUNNON METALS LIMITED

• Drilling at East Trough prospect revealed 0.38m @ 13.83% Ni with significant Cu, Co, Pd, and Pt values.
• This discovery opens up a new front for possible future Baker Mineral Resource extensions.
• Baker Pre-Feasibility Study (PFS) on schedule for completion and reporting this quarter.

2023-04-19 08:17:00

LM8: Warren Mineral Resource Increases to 11,200t Contained Ni

LUNNON METALS LIMITED

• Updated Mineral Resource estimate (MRE) for Warren is 445,000 tonnes at 2.5% Ni for 11,200 contained nickel tonnes.
• Drilling has increased the length of continuous nickel mineralisation at Warren to a plunge length of 1,200 meters.
• Company is considering a Pre-Feasibility study covering 1.95Mt @ 2.9% Ni for 57,000 tonnes of nickel metal in MRE JORC (2012) accessible from the Foster mine decline.

2023-03-31 08:15:00

LM8: Baker Twin Holes Confirm Continuity of Nickel Mineralisation

LUNNON METALS LIMITED

• Lunnon Metals Limited has completed a diamond drill campaign at the Baker deposit to provide core samples for metallurgical testing.
• Results of the Mineral Resource Estimate for Baker stands at 929,000 tonnes at 3.3% nickel for 30,800 contained nickel tonnes.
• The diamond drill campaign was designed to maximise recovery of core at the average grade specific to each domain.

2023-02-20 08:04:00

LM8: Foster 85H Returns Excellent Metallurgical Results

LUNNON METALS LIMITED

• Lunnon Metals Limited has completed a successful diamond drill programme at the Foster nickel mine, part of its Kambalda Nickel Project.
• Metallurgical testing returned excellent results, with a composited diamond core interval recording 6.8m @ 3.90% Ni, clean, high grade concentrate produced grading 14.97% Ni with 86.25% recovery and excellent Fe:MgO ratio in concentrate of 17.4.
• Cu and Co recoveries yielded concentrate grades of 1.20 % and 0.33% respectively.

2023-02-08 08:19:00

LM8: Early Success at Somerset and Warren Programme Concludes

LUNNON METALS LIMITED

• Lunnon Metals Limited has completed early stage exploration in the Somerset target area and final high priority assay results have been received from the Warren channel.
• Nickel anomalism was recorded in the same stratigraphic position as Baker, with 2.0m @ 1.29% Ni from 133m.
• Mineral Resource Estimation work at Warren has commenced.

2023-02-06 08:17:00

LM8: Historical Core Programme Adds to Foster Mineral Resource

LUNNON METALS LIMITED

1. Lunnon Metals delivers another first-time Mineral Resource from its Historical Core Programme
2. Initial Inferred Mineral Resource for the Foster S16C/N14C surfaces of 64,000 tonnes @ 5.7% nickel for 3,700 contained nickel tonnes
3. Global Mineral Resource now more than double the tonnes and metal reported from when Lunnon Metals listed on the ASX (June 2021)

2023-01-11 08:18:00