Lunnon Metals reports initial nickel JORC Mineral Resource estimate at Silver Lake

Lunnon Metals Limited (ASX:LM8) is pleased to report a first-time, initial nickel JORC (2012) Mineral Resource estimate (MRE) for the Silver Lake Hanging Wall prospect (SLHW). The deposit, renamed the 25H deposit, stands at 824,000 tonnes at 1.7% nickel for 13,800 contained nickel tonnes, comprising 336,000 tonnes @ 1.6% Ni for 5,300 nickel tonnes in Indicated Resource and 488,000 tonnes @ 1.7% Ni for 8,500 nickel tonnes in Inferred Resource. This result increases Lunnon Metals' global MRE across the KNP to 3.7 million tonnes @ 2.7% nickel for 101,600 contained nickel tonnes.

Managing Director, Edmund Ainscough, comments on the initial nickel JORC Mineral Resource estimate

This is the first Mineral Resource declared at the Silver Lake-Fisher project since we acquired the rights in October 2022. Reporting this result for the 25H deposit at the historic Silver Lake mine, Kambalda's very first nickel mine, is an important first step in demonstrating the rich potential of these assets that lay dormant inside a gold major for so long. Our approach at Silver Lake will be to grow this initial Mineral Resource through the ongoing Historical Core Program, continued extension and definition of areas like 25H and hopefully a brand new discovery in Long South Gap, an area untested for nickel despite being within one of Australia's most prolific nickel camps on the famous Kambalda Dome.

Summary of the initial nickel JORC Mineral Resource estimate at Silver Lake

Lunnon Metals' initial nickel JORC Mineral Resource estimate at the Silver Lake Hanging Wall prospect (SLHW), now renamed the 25H deposit, marks a significant milestone in the company's exploration program. The estimate of 824,000 tonnes at 1.7% nickel demonstrates potentially economic mineralisation on the Silver Lake - Fisher project for the first time. The company aims to grow this initial Mineral Resource through the ongoing Historical Core Program, continued extension and definition of areas like 25H, and hopes for a brand new discovery in Long South Gap. The project is located in the Kambalda Nickel District, which has produced in excess of 1.4 million tonnes of nickel metal since its discovery in 1966. Lunnon Metals plans to conduct further exploration to define any high-grade shoots and to grow the Mineral Resource at 25H, with the ultimate goal of future economic extraction.