Announcement Date: 2023-02-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lunnon Metals Ltd.
Project name: Kambalda
Location: Australia
Commodities: Copper,Nickel,Cobalt
Highlight: Drilling results incl. 9.05m at 8.43% Ni, 0.77% Cu, 0.16% Co from 75.85m
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 update progress at its first discovery and cornerstone asset, the Baker deposit, at the Kambalda Nickel Project (KNP). The Baker Mineral Resource Estimate (MRE) currently stands at 929,000 tonnes @ 3.3% nickel for 30,800 contained nickel tonnes1 . A diamond drill (DD) campaign has been completed at Baker designed to provide DD core sample for metallurgical testing of the key geological domains in the updated MRE (reported to the ASX on 7 December 2022). In order to maximise the recovery of the requisite weight of core at the average grade specific to each domain, DD holes were planned to “twin”2 existing DD core intervals of known width and grade via wedging off the original “parent” hole above the target interval. The assays have been returned and the results for the programme demonstrate excellent correlation between each original DD hole and the recently drilled “twin” for the key MRE domain intervals. The following table presents the previously reported, existing DD intervals on various mineralised domains, alongside the new “twin” DD intervals (above a 1.0% Ni cut-off):
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