Name of the Project
Lady Herial gold project.

Location
The shallow, high-grade gold deposit is located within the Kambalda district of Western Australia.

Project Owner/s
Minerals resources exploration company Lunnon Metals.

Project Description
Lunnon Metals published a feasibility study confirming the technical and economic viability of the project in January 2026. The study confirmed robust project economics and supports development of the operation.

The study also confirmed an initial proved ore reserve of 268 250 t at 1.89 g/t gold, containing about 16 270 oz of gold. The project comprises a short-life openpit mining operation targeting a low strip-ratio orebody.

Mining will be undertaken using conventional openpit methods, with ore transported for processing at the St Ives gold processing facility under an ore purchase agreement. The forecast mine life is eight to ten months.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The feasibility study says the net present value is not considered a key measure because of the project’s very short life. The project is characterised as one of very low sensitivity.

Capital Expenditure
Not disclosed.

Planned Start/End Date
The project is expected to be completed within 12 months from the date of the feasibility study.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Hampton Civil and Mining (preferred mining contractor); St Ives Gold Mining Company (processing and haulage); and Goldfields Technical Services (technical services).

Contact Details for Project Information
Lunnon Metals, tel +61 8 6424 8848 or email info@lunnonmetals.com.au.