Announcement Date: 2022-08-29
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. 6.9m @ 4.33% Ni, 0.72% Cu, 0.07% Co, 17.71% Fe, 0.89g/t Pd, 0.35g/t Pt from 139.85m
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. The MRE recorded an initial total of 15,800t1 nickel metal @ 2.8% Ni, which was 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) As with previous reported results, drilled widths approximate true widths subject to final interpretation once all drilling results are received and modelled. Elevated cobalt, palladium and platinum values are once more recorded where the nickel grades are highest. These results are located on the drill sections to the south of those reported last week (see ASX announcement dated 22 August 2022). All of the high priority RC results have now been returned with this batch of assays. These results again match the locality, widths and grades predicted by the June 2022 MRE. In a number of cases, the results are better than expected, particularly diamond hole ECO22DD_015 and the two intervals recorded in ECO22RC_084.
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