Lunnon Metals CEO sees BHP Nickel West suspension as positive; discusses processing options

Proactive - Interviews for investors

Lunnon Metals Ltd (ASX:LM8, OTC:LNMLF) managing director and CEO Edmund Ainscough spoke with Proactive's Stephen Gunnion about BHP's decision to suspend its Nickel West operations in Australia until at least 2027 and its impact on Lunnon Metals. Ainscough explained the decision brings clarity to the market. He said BHP had already announced the closure of the Kambalda Nickel Concentrator in February, highlighting that this event allows Lunnon Metals to move forward without the constraints of relying on BHP's infrastructure. "It's time to look forward to a future that doesn't necessarily involve that Kambalda concentrator or BHP," Ainscough stated. Lunnon Metals has been preparing for this shift, having already identified a site on its tenements for a new, modern float plant. This site, previously home to the St Ives gold plant, offers existing infrastructure that will facilitate the development of their own concentrator. Ainscough noted the resilience and profitability of its nickel assets, stating it is well-positioned to finance the new concentrator independently. When asked about the impact on the Foster South nickel project, Ainscough confirmed that their focus remains on gold to generate immediate revenue, despite the positive news for nickel. He also discussed the recent seismic survey data from the Long South Gap exploration program, indicating potential new nickel channels that could be explored when market conditions improve. For more insights from industry leaders and updates on key projects, visit Proactive's YouTube channel. Don't forget to like this video, subscribe to our channel, and enable notifications for future content. #LunnonMetals #NickelWest #BHP #NickelMining #MiningNews #EdmundAinscough #GoldExploration #MiningIndustry #ProactiveInvestors #SeismicSurvey #NickelAssets #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews