Lunnon Metals’ (LM8) continues exploration and studies at its flagship Kambalda Nickel Project (KNP) in Western Australia. New Baker drilling results will refine the deposit model and ultimately inform mine designs for the planned Foster-Baker PFS. Despite nickel spot pricing stabilising above $16,000/t, negative macro sentiment continues to weigh on LM8’s share price. LM8 is in no hurry to develop and will wait for better market conditions before advancing mine plans. New and updated resources have added metal to the KNP metal inventory, which now totals 109kt contained nickel. A switch in focus to low-cost gold exploration could yield high value discoveries on the doorstop of current operations.
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