Announcement Date: 2022-07-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lunnon Metals Ltd.
Project name: Kambalda
Location: Australia
Commodities: Palladium,Platinum,Copper,Nickel,Cobalt
Highlight: Drilling results incl. 23m @ 6.78% Ni, 0.45% Cu, 0.12% Co, 0.98g/t Pd, 0.26g/t Pt from 134m
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 the drilling programme at the Baker Shoot, part of the Kambalda Nickel Project (KNP). Baker was discovered and progressed to a JORC 2012 compliant Mineral Resource totalling 15,800t1 nickel metal @ 2.8% Ni within nine months of discovery and inside 12 months of Lunnon Metals’ listing on the ASX. First results from the programme of over 8,000m RC drilling and 3,000m diamond drilling were reported on 11 June 2022. The programme is infilling and extending the recent June 2022 Mineral Resource Estimation (MRE). RC drill hole ECO22RC_048 is on the first infill line of drilling (section 6,531,180mN) and was subject to additional verification due to the significant widths and grades encountered. Above a 1.0% Ni cut off the hole recorded Drilled widths approximate true widths in all cases subject to final interpretation. As part of the verification process for this outstanding intersection, a downhole wireline optical survey was conducted. The optical survey results are presented in Figure 2 and clearly show the contacts of the nickel mineralisation for the hanging wall position (Base of Flow or BOF), the intervening lower grade komatiite and then a second nickel sulphide intersection on the western shear, where mineralisation is interpreted to be remobilised.
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