Australia's Lunnon Metals hits more than 10-month high on supply deal

Lunnon Metals

19/09/2025 05:53

** Shares of Lunnon Metals LM8.AX rise as much as 16.1% to A$0.36, their highest level since Nov 4, 2024

** Nickel, gold miner executes an ore purchase agreement with St Ives Gold Mining, a private unit of Gold Fields GFIJ.J

** Under deal, co will supply St Ives all material with a gold grade of 0.5 grams per ton or above, from its Lady Herial site in Western Australia

** Around 1.2 mln shares traded so far, 8x 30-day avg volume

** Last up 13.7%, lifting YTD gains to 41%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))