Low-cost exploration for shallow gold deposits and their potential development has become LM8’s immediate focus. Impressive confirmatory drilling results at Lady Herial gold prospect have complimented by success at both Guiding Star and within the Lunnon Sediment target. Activities remain ongoing towards rapid exploitation of the Lady Herial. We maintain our high conviction of LM8’s upside, retaining our speculative buy recommendation and $0.70 price target.
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