Lunnon Metals Limited has returned high-grade gold intercepts from the Hustler and Koombana prospects within its Foster-Baker gold project in Western Australia, recording more than 70 significant intercepts across 36 drill holes.

The Foster-Baker gold project is situated within the St Ives gold camp, a district that has produced over 18 million ounces of gold since modern production began in the early 1980s. Lunnon Metals is advancing a $13 million, 43,000-metre fiscal 2027 drill program across the project to test conceptual targets and progress near-surface deposits. Exploration activities at the project aim to identify replacement ore sources to replenish the production profile following the completion of initial open pit mining at the Lady Herial deposit.

Drilling at the Hustler deposit, located 400 metres south-east of Lady Herial, yielded highlights including 1 metre at 80.80 g/t gold from 1 metre in hole HUS26RC_023, 4 metres at 7.00 g/t gold from 28 metres in hole FOS26RC_174, and 3.62 metres at 10.80 g/t gold from 11.03 metres in hole HUS26DD_006. At the Koombana prospect, situated 300 metres south-east of Hustler along the same mineralised trend, 19 reverse circulation holes returned intersections such as 22 metres at 3.31 g/t gold from 5 metres in hole FOS26RC_188 and 5 metres at 3.91 g/t gold from 25 metres in hole FOS26RC_185. Deeper reverse circulation drilling at Koombana also indicated that mineralised shoots continue at depth beyond 150 metres.

“The FY2027 drill program is up and running and methodically testing a well-balanced portfolio of early stage, conceptual, and potentially high reward targets right through to more advanced opportunities to replenish the Lady Herial pipeline for development and gold production. The recent Benmore intersection, whilst early stage and with lots more still to do there, offers the excitement of a brand new structure on our leases. Koombana and Hustler offer short term, more immediate opportunities to add metal and begin the technical work to analyse possible future development opportunities....that may lead to cash flow.”

“A balanced, disciplined, methodical approach to deliver on our purpose to "Discover...Define...Deliver!"”

— Edmund Ainscough, Managing Director

Completion of the Scoping Study for the Lady Herial Cut-Back and Hustler deposits has been deferred. Lunnon Metals plans to complete and report updated Mineral Resource estimates for both areas incorporating the recent drill data before finalising the study.

Read the full announcement: High Grade Results at Koombana and Hustler