Lunnon Metals advances gold project with strategic moves: commenced mining at Lady Herial deposit after confirming high-grade gold intercepts including 13m at 5.70 g/t Au. Secured $6 million AUD term loan from Bedrock Alpha Credit Income Fund to support pre-production activities. The project's Scoping Study shows promising economics with potential to recover 18,000-19,700 oz of gold at approximately $2,100 per ounce. Mining operations are set to deliver first ore this month under an agreement with SIGM, processed at Gold Fields' Lefroy facility. The deposit's strong mineralization extends over 40-50m strike and 150m down-plunge, indicating significant potential for pit expansion. Lunnon Metals' strategic pivot towards gold exploration marks a critical development in their corporate strategy.
