Announcement Date: 2022-09-28
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. 6.6m at 10.01% Ni, 1.13% Cu, 0.16% Co, 33.12% Fe, 2.3g/t Pd, 0.9g/t Pt from 166.3m
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 latest results from its discovery programme at the Baker Shoot, part of the Kambalda Nickel Project (KNP). The recently completed drilling programme was designed to infill and extend 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. Diamond drill holes that intersected the nickel mineralisation have undergone geotechnical logging and rock property testwork prior to being cut, sampled and dispatched for assaying. Assay results from the diamond holes that were subject to this protocol are now being received. 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 drill intercepts are located on the drill section 6,531,180mN.
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