Lunnon Metals (ASX:LM8) has completed a feasibility study on its Lady Herial gold deposit, part of the Kambalda Gold & Nickel Project, confirming robust economics and strong cashflow potential.
The study, an update from the June 2025 scoping study to a feasibility study level (+/-15% accuracy), focused entirely on the proved ore reserve and incorporated detailed mine designs, schedules, and tendered contract rates.
The analysis highlights Lady Herial as a short-life, high-grade open pit capable of being mined and processed within 8–10 months.
The initial ore reserve stands at 268,250 tonnes at 1.89 g/t gold, yielding approximately 16,270 ounces, with 14,806 ounces recoverable.
The pit is designed with a low strip ratio of 5.9:1, producing gold at a highly competitive all-in-cost of $2,354/oz.