Announcement Date: 2022-08-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lunnon Metals Ltd.
Project name: Kambalda
Location: Australia
Commodities: Palladium,Platinum,Copper,Nickel,Iron,Cobalt
Highlight: Drilling results incl. 15.0m @ 9.8% Ni, 0.67% Cu, 0.16% Co, 33.44% Fe, 1.75g/t Pd, 0.53g/t Pt from 94.0m
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 drilling programme at the Baker Shoot, part of the Kambalda Nickel Project (KNP). The current drilling programme is infilling and extending the initial JORC 2012 compliant Mineral Resource Estimate (MRE) announced on 14 June 2022, which recorded a total of 15,800t1 nickel metal @ 2.8% Ni, discovered and defined inside 12 months of Lunnon Metals’ listing on the ASX. Highlights of the latest round of results include (>1.0% Ni cut off) Drilled widths approximate true widths subject to final interpretation once all drilling results are received. Once more, assay results at Baker highlight the consistently elevated cobalt, palladium and platinum values where the nickel grades are highest. In summary, the infill programme continues to identify thick, very high grade nickel mineralisation which exceeds that predicted by the June 2022 MRE model. More broadly, the June 2022 model is performing well in predicting the locality, width and grade of the nickel mineralisation. Subordinate and peripheral mineralised surfaces on the margins of the model will require local re-interpretation to accommodate multiple unexpected high grade intersections as well as local pinching
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