Lunnon Metals receives government grant

Lunnon Metals (ASX:LM8) has been awarded a grant of up to $220,000 under the Western Australian Government's Exploration Incentive Scheme. This funding will support the company's exploration efforts at the Defiance West target, part of the Kambalda Gold & Nickel Project. The area holds promise for significant gold discoveries.

Lunnon Metals exploration plans and outlook

Lunnon Metals has secured a government grant to explore the Defiance West target at its Kambalda Gold & Nickel Project. This area, previously underexplored for gold, lies between significant gold and nickel deposits. The company's exploration program will involve diamond drilling to test for gold structures. Historically, the Kambalda/St Ives region has been a prolific gold production area, and Lunnon Metals aims to capitalize on this by potentially transforming from a nickel-focused company to a major player in the gold mining sector. The strategic location and geological potential of the Defiance West target could significantly impact the company's asset portfolio and market position.

Executive insights on exploration grant

The EIS grant provides a strategic advantage for Lunnon Metals as we explore the Defiance West target. This area is a strong geological analogue to the Beta/Hunt mine and has the potential to significantly enhance our gold resource profile.