New metallurgical test result from Lady Herial samples have confirmed high recoveries (average 95%) from across different weathering profiles. In 2025, LM8 will focus efforts towards definition and contract mining of small gold pits with ore treated by a third party via an ore purchase agreement or tolling arrangement. Lady Herial may represent just the first in a string of small open pit operations, capable of netting LM8 significant cashflow with only minor upfront expense. Exposure to a larger scale discovery is provided by ongoing exploration at the Defiance West and other deeper targets.
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