Lunnon Metals (ASX: LM8) has kicked off the new year with a bang, unveiling promising results from the Guiding Star prospect within its Kambalda Gold & Nickel Project (KGNP) in Western Australia. This announcement, dated 13 January 2025, marks a significant expansion of the company’s exploration efforts along the Foster Gold Belt, complementing recent milestones, including a landmark mining agreement with the Ngadju Native Title Aboriginal Corporation just days earlier.
These results point to stacked gold structures, a geological hallmark of the area, as Managing Director Edmund Ainscough explained:
"The ability to progress Lady Herial technically and then through permitting, whilst working up the potential at Guiding Star and other prospective targets, bodes well for a strong pipeline of positive news this year.”
The company’s exploration has capitalised on insights from prior drilling by WMC Resources and Gold Fields, targeting the mineral-rich Defiance Dolerite Zone 4 (DF4). Early interpretations suggest mineralisation may gently dip eastward, but further analysis will refine this view.
The Foster Gold Belt is emerging as a company-defining asset for Lunnon. Guiding Star joins Lady Herial, Koombana, and other prospects in the broader 7km strike length of the DF4. Lunnon has so far identified gold prospectivity over 2km of this belt, leaving significant room for further discoveries.
The company’s plans for 2025 underscore its ambition. In addition to progressing open-pit development at Lady Herial, the year will feature continued drilling at Guiding Star and other targets, aiming to elevate prospects into development-ready assets.
Lunnon’s recent agreement with the Ngadju People, announced on 9 January 2025, adds an important layer to its operations. The agreement secures tenure for the KGNP, which sits on Ngadju country, while incorporating royalty arrangements and commitments to education and cultural initiatives.
This collaboration reflects the company’s proactive approach to engagement, as Ainscough remarked:
“This Agreement has taken over three years to finalise but embodies a shared commitment with the Ngadju People to progress our gold and nickel portfolio towards development and potential future production.”
With these agreements, Lunnon not only strengthens its social licence but also ensures long-term certainty for its operations.
The confluence of encouraging exploration results at Guiding Star and the foundational Ngadju agreement positions Lunnon Metals for a compelling 2025. Investors will be keenly watching for updates on follow-up drilling and potential resource estimates, as well as broader developments across the Foster Gold Belt. Meanwhile, the company’s dual focus on gold and nickel provides diversification and resilience, with each commodity poised to benefit from global macro trends.
In a district known for its world-class gold and nickel production, Lunnon Metals appears determined to carve out its own legacy. Stay tuned as the drill bits keep turning and partnerships deepen.