The company reported multiple significant gold intersections, including 10m at 4.45 g/t gold from 55m, 16m at 9.14 g/t gold from 44m, 14m at 2.87 g/t gold from 39m and 18m at 2.02 g/t gold from 29m. Reported drill widths are approximate true widths and use a greater-than-0.5 g/t gold cut-off.
Lunnon said the drilling was designed to reduce spacing within known mineralisation to about 20m by 10m, with the aim of improving geological and grade-estimation confidence. The company said successful work could support a classification increase from Inferred to Indicated, and potentially from Indicated to Measured.
A 10-hole diamond-drilling program was also under way, with holes intended to provide metallurgical, structural, geological and geotechnical information. Lunnon said it expects key Lady Herial diamond-hole assays in mid-November 2026, a Mineral Resource update in late November and Scoping Study reporting in early to mid-December 2026.
Source: Download LM8 official ASX announcement, 2026-10-09.
Geological cross-section from Lunnon Metals' company announcement dated 09 October 2026.