Mining
Lunnon Metals Ltd owns the highly prospective Kambalda Nickel Project, in the heart of one of the world’s most famous nickel camps – the Kambalda Nickel District, which has historical production in excess of 1.4 million tonnes of nickel metal since its discovery by WMC Resources Ltd in 1966.
Lunnon Metals listed on the ASX in June 2021, raising $15 million and has already commenced an aggressive exploration programme seeking to grow its Mineral Resource which currently stands at 39,000 tonnes of nickel at 3.2%. The Company has access to over 350 km of historical diamond core from the WMC era (pre 2001) which offers the opportunity to grow the Mineral Resource in parallel to, and independent of, the success of the drilling campaign.
Located just 25km south of the BHP Nickel West Concentrator and surrounded by existing mine infrastructure, the opportunity presented by two previous mines, Foster and Jan, which combined produced over 90,000 tonnes of nickel during their operational lives, together with the emerging East Cooee target area, where the company has already reported intercepts of high grade nickel sulphides, sees Lunnon Metals ideally placed to benefit from the improving nickel price environment for this key forward facing metal.
KEY PEOPLE
RELATED STOCKHEAD STORIES
News
Market Highlights: Rotation into small caps in full swing, and Martin Currie bullish on lithium
News
Closing Bell: Sigma soars 22pc, Qantas feels heat from Qatar, and traders cash in on miners’ rally
Mining
Resources Top 5: US dials in funding as ASX juniors back in vogue
News
ASX Small Caps Lunch Wrap: China goes big then goes home, local markets dip despite iron surge
News
Market Highlights: Wall Street notches four straight quarters of gains; Musk’s X down 80pc since purchase
News
Market Highlights: Gold tops US$2,600; Uranium stocks in focus after Constellation-Microsoft nuclear deal
Mining
Up, Up, Down, Down: Rare earths back in the game and gold keeps winning in August
News
Rise and Shine: Everything you need to know before the ASX opens
News
Market Highlights: European markets hit hard, Tabcorp’s new CEO, and 5 small caps to watch today
News
Rise and Shine: Everything you need to know before the ASX opens
News
Closing Bell: ASX tumbles on Fedspeak; gold and oil jump as Middle East tension escalates
News
Market Highlights: Big Tech rebounds sharply, Costco in the gold game, and 5 small caps to watch today
Mining
Sellers of Hope: How mining experts feel about the outlook for metals in 2024
Mining
BHP joined the rout… so where are the green shoots for nickel now?
News
Market Highlights: Airlines stocks tumble, global microchips on notice, and 5 ASX small caps to watch
Mining
Who came close to nabbing a spot on Argonaut’s top undeveloped projects list?
Mining