Lunnon Metals advances nickel and gold exploration in Australia’s prolific Kambalda district

–News Direct–

Lunnon Metals Ltd managing director and CEO Edmund Ainscough joins Proactive’s Stephen Gunnion with more on the company’s exploration success at one of Australia’s oldest nickel mining towns.

Ainscough said the ASX-listed company is positioned on 50 square kilometres of land within the Kambalda nickel belt of Western Australia, a region with a history of 1.6 million tonnes of nickel mined since its discovery in 1966. In just over two years, Lunnon Metals has conducted 85 kilometres of drilling, leading to a discovery named Baker, and reported a mineral resource of over 109,000 nickel tonnes at 2.7% grade.

Additionally, Lunnon Metals is exploring gold prospects within the same region, leveraging the 25 square kilometres of land it holds in a renowned gold belt. The company has shifted focus temporarily from nickel to explore gold targets, with positive initial drilling results.

A preliminary feasibility study (PFS) for the nickel deposit is underway, with completion aimed for the second quarter of 2024 – though dependent on external factors including decisions by BHP regarding its nickel operations in Western Australia.

The company also acquired nickel rights to the Silver Lake Fisher project from Goldfields, presenting additional exploration opportunities.

Despite subdued nickel market sentiments, Ainscough remains optimistic about the economic viability of Lunnon Metals’ high-grade nickel deposits.

Upcoming milestones include on the gold exploration results and the comprehensive PFS for the nickel projects, alongside developments influenced by external factors in the nickel industry.

Contact Details

Proactive Australia Pty Ltd

Proactive Australia Pty Ltd

+61 431 597 771

writers.australia@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/lunnon-metals-advances-nickel-and-gold-exploration-in-australias-prolific-kambalda-district-729068558

This article was originally published at: https://hexaprwire.com/lunnon-metals-advances-nickel-and-gold-exploration-in-australias-prolific-kambalda-district/

Hexa PR Wire
Hexa PR Wirehttps://hexaprwire.com
Hexa PR Wire is a press release distribution service founded by Michael Peres in 2022.

Latest
Press Releases

More like this
Related

Rootstock’s Blockchain Revolution Aims to Bridge the Bitcoin-Ethereum Gap

Blockchain technology is redefining technology, from security to decentralization...

Metacade Unchains Web3 Gaming: Multi-Chain Integration Unites the Industry

London, United Kingdom, April 11th, 2024, ChainwireMetacade, the leading...

8 AI and Big Data tokens to watch out for in 2024

The adoption of AI across all industries today has...

Donk.Meme Launches Presale As The Solana Meme Project Readies For Raydium Listing

Dublin, Ireland, April 11th, 2024, ChainwireDonk.meme, a Solana-based meme...