Lunnon Metals (ASX:LM8) has received final regulatory approval from the Department of Mines, Petroleum, and Exploration regarding open pit development at the Lady Herial deposit within the Kambalda Gold and Nickel Project in Western Australia.
The native vegetation clearing permit takes effect as of 8 January 2026, returning 20 months following first drilling at the deposit.
Lunnon is currently looking over the final mine schedule for the Lady Herial deposit with St Ives Gold Mining as a part of its ore purchase agreement. The schedule is intended to allow room for a Feasibility Study to be finalised.
The company intends to make a final investment decision following the Feasibility Study. This will enable the execution of mining contracts for Lunnon to begin clearing.
St Ives is under contract to purchase all material produced from Lady Herial, above a grade of 0.5 grams per tonne gold, in order to be treated at the Lefroy Gold Plant.
Lunnon will obtain 70% of subsequent free-cash flow after both parties’ costs have been recovered.
Lunnon Metals is a gold and nickel explorer focused on unlocking the value at St Ives and Kambalda.
Write to Maddison Elliott at Mining.com.au
Images: Lunnon Metals
