Announcement Date: 2022-05-16
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lunnon Metals Ltd.
Project name: Kambalda
Location: Australia
Commodities: Palladium,Platinum,Copper,Nickel,Iron,Cobalt,Arsenic
Highlight: Drilling results incl. 4.25m @ 6.02% Ni, 0.63% Cu, 0.11% Co, 31.35% Fe, 57.33ppm As, 1.31g/t Pd, 0.72g/t Pt from 370.15m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Lunnon Metals Limited (ASX: LM8) (the Company or Lunnon Metals) is pleased to provide an update on the progress of its discovery programme in the Warren channel, part of the previously operated Foster nickel mine at its Kambalda Nickel Project (KNP). Targeting the interpreted down-dip margin of a Down Hole Transient Electro-Magnetic (DHTEM) conductive plate, WRN22DD_004 has returned the following result (above a 1.0% Ni cut off) Diamond hole WRN21DD_003W2, reported on 4 April 2022 as intersecting a 0.55m wide nickel sulphide zone on the Kambalda Komatiite-Lunnon Basalt contact, with further remobilised massive nickel sulphides present in the footwall of this contact, has now returned the following significant intersection (above a 1.0% Ni cut off) Lunnon Metals’ programme at Warren is designed to demonstrate that this channel, a separate nickel mineralised channel in its own right, has the potential to host substantially more than the current 6,400t1 of nickel metal. The adjacent Foster channel, 1.5km to the immediate south-east, has an endowment of over 103,000t of nickel at 2.7% Ni (>61,000t mined previously up to 1994 and 42,100t1 in the Company’s current JORC Mineral Resource).
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