Lunnon Metals Ltd. Stock Analysis LM8.AX

Lunnon Metals Ltd. is a mineral resource exploration and development company, which engages in nickel and gold exploration activities. The company is headquartered in Perth, Western Australia and currently employs 16 full-time employees. The company went IPO on 2021-06-16. The firm operates through two segments, which include Gold mineral exploration and Nickel mineral exploration in Western Australia. The Company’s principal activities include its Kambalda Gold & Nickel Project (KGNP), which consists of approximately 47 square kilometeres (km2) of tenements, located immediately south of Kambalda, Western Australia. The KGNP features approximately 47 km2 located approximately 570 kilometers (km) east of Perth and 50-70 km south-southeast of Kalgoorlie, in the Eastern Goldfields of Western Australia. KGNP comprises two project areas, the Foster and Baker Project (in which the Company holds the tenure and associated mineral rights, including nickel and most gold rights) and the Silver Lake and Fisher Project (in which the Company holds only the nickel rights and minerals directly associated with nickel).