Lion One Produces 5,704 Tonnes at 10.60 g/t Gold from First Shrinkage Stope at Tuvatu and Increases Underground Development Rates by 70%
Lion One Metals (OTCQX:LOMLF) reported significant operational achievements at its Tuvatu Alkaline Gold Project in Fiji. The company successfully mined 5,704 tonnes at 10.60 g/t gold from its first shrinkage stope, demonstrating the effectiveness of this mining method for the high-grade narrow-vein deposit.
Monthly development rates increased by 70% from January to September 2025, rising from 330.8 meters to 563.9 meters. The company improved large capital development by 126% and small development by 59%. A second shrinkage stope, expected to be twice the size of the first, is under development with production scheduled to begin in November.
The company also announced the retirement of COO Patrick Hickey, with CEO Ian Berzins assuming his duties.
Lion One Metals (OTCQX:LOMLF) ha riportato traguardi operativi significativi al proprio Progetto Oro Alcalino Tuvatu nelle Fiji. L’azienda ha estratto con successo 5.704 tonnellate a 10,60 g/t di oro dalla prima spinta di scoprimento, dimostrando l’efficacia di questo metodo di estrazione per un giacimento ad alta qualità e vene strette.
Le velocità di sviluppo mensile sono aumentate del 70% da gennaio a settembre 2025, passando da 330,8 metri a 563,9 metri. L’azienda ha migliorato lo sviluppo di grandi capitali del 126% e lo sviluppo di piccola scala del 59%. Una seconda spinta di scoperchio è in fase di sviluppo, si prevede che sia il doppio della prima, con produzione prevista per novembre.
L’azienda ha inoltre annunciato il pensionamento del COO Patrick Hickey, con l’amministratore delegato Ian Berzins che assumerà le sue funzioni.
Lion One Metals (OTCQX:LOMLF) informó logros operativos significativos en su Proyecto de Oro Alcalino Tuvatu en Fiji. La empresa extrajo con éxito 5.704 toneladas a 10,60 g/t de oro desde su primera corte de contracción, demostrando la eficacia de este método de minería para el depósito de alta ley y vena estrecha.
Las tasas mensuales de desarrollo aumentaron un 70% de enero a septiembre de 2025, pasando de 330,8 metros a 563,9 metros. La empresa mejoró el desarrollo de grandes inversiones en 126% y el desarrollo pequeño en 59%. Se está desarrollando una segunda contracción que se espera tenga el doble de tamaño que la primera, con producción prevista para noviembre.
La compañía también anunció la jubilación del COO Patrick Hickey, y el CEO Ian Berzins asumirá sus funciones.
라이온 원 메탈스(Lion One Metals, OTCQX:LOMLF)가 피지의 Tuvatu 알칼리 골드 프로젝트에서 중요한 운영 성과를 발표했습니다. 회사는 첫 번째 수축 갱도에서 10.60 g/t의 금 5,704톤을 성공적으로 채굴해 이 고등급 협곡-광맥 매장지에 대한 이 광산 방식의 효과를 입증했습니다.
2025년 1월부터 9월까지 월간 개발 속도는 70% 증가하여 330.8미터에서 563.9미터로 올랐습니다. 회사는 대형 자본 개발을 126%, 소형 개발을 59% 향상시켰습니다. 두 번째 수축 갱도는 첫 번째의 두 배 규모가 될 것으로 예상되며, 11월에 생산이 시작될 예정입니다.
또한 COO Patrick Hickey의 은퇴를 발표했고, CEO Ian Berzins가 그의 업무를 인수할 예정입니다.
Lion One Metals (OTCQX:LOMLF) a annoncé des avancées opérationnelles significatives sur son projet d’or alcalin Tuvatu aux Fidji. L’entreprise a extrait avec succès 5 704 tonnes à 10,60 g/t d’or à partir de sa première fracture par rétraction, démontrant l’efficacité de cette méthode minière pour le gisement à haute teneur et veines étroites.
Les taux de développement mensuels ont augmenté de 70% entre janvier et septembre 2025, passant de 330,8 mètres à 563,9 mètres. L’entreprise a amélioré le développement des gros investissements de 126% et le développement de petite échelle de 59%. Une seconde fracture par rétraction est en cours de développement et devrait être deux fois plus grande que la première, la production étant prévue pour novembre.
L’entreprise a également annoncé le départ à la retraite du COO Patrick Hickey, le PDG Ian Berzins reprenant ses fonctions.
Lion One Metals (OTCQX:LOMLF) meldete bedeutende operative Erfolge bei seinem Tuvatu-Alkalik-Gold-Projekt in Fidschi. Das Unternehmen förderte erfolgreich 5.704 Tonnen bei 10,60 g/t Gold aus seiner ersten Shrinkage-Mine, was die Effektivität dieser Bergbaumethode für das hochgradige, enge Venenlager bestätigt.
Die monatlichen Entwicklungsraten stiegen von Januar bis September 2025 um 70% von 330,8 Metern auf 563,9 Meter. Das Unternehmen verbesserte die Großkapital-Entwicklungen um 126% und die Kleinstentwicklungen um 59%. Eine zweite Shrinkage-Mine, deren Größe voraussichtlich das Doppelte der ersten betragen wird, befindet sich in der Entwicklung; die Produktion soll im November beginnen.
Das Unternehmen kündigte auch den Ruhestand des COO Patrick Hickey an, CEO Ian Berzins wird seine Aufgaben übernehmen.
Lion One Metals (OTCQX:LOMLF) ظهر لديها إنجازات تشغيلية مهمة في مشروع توفاتو لذهب الألكالين في فجي. نجحت الشركة في استخراج 5,704 طنًا عند 10.60 غ/طن من الذهب من أول فتح من الانكماش، مما يدل على فعالية هذه الطريقة التعدينية للاحتياطي عالي الدرجة والوديان الضيقة.
ارتفعت معدلات التطوير الشهرية بنسبة 70% من يناير إلى سبتمبر 2025، لتصل من 330.8 متر إلى 563.9 متر. حسّنت الشركة التطوير الرأسمالي الكبير بنسبة 126% والتطوير الصغير بنسبة 59%. توجد الآن مناولة ثانية من الانكماش، من المتوقع أن تكون بحجم مضاعف للجنري الأول، ومن المزمع بدء الإنتاج في نوفمبر.
كما أعلنت الشركة تقاعد مدير العمليات التنفيذي Patrick Hickey، ويتولى المدير التنفيذي Ian Berzins مهامه.
Lion One Metals (OTCQX:LOMLF) 公布了在斐济 Tuvatu碱性金项目上的重要运营成就。公司从其第一座缩短工作区成功开采了 5,704 吨，金品位为 10.60 g/t，证明了该矿法对高品位窄脉矿床的有效性。
2025 年 1 月至 9 月的月度开发速度提高了 70%，从 330.8 米增至 563.9 米。公司在大型资本开发方面提升了 126%，在小型开发方面提升了 59%。第二座预计规模为第一座两倍的缩短巷道正在开发中，预计11月开始投产。
公司还宣布 COO Patrick Hickey 退休，CEO Ian Berzins 将接任其职责。
- First shrinkage stope produced high-grade ore of 10.60 g/t gold from 5,704 tonnes
- Overall development rates increased by 70% from January to September 2025
- Large capital development improved by 126%, small development by 59%
- Second shrinkage stope in development will be twice as large as the first
- None.
North Vancouver, British Columbia--(Newsfile Corp. - October 2, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to provide an update on mining operations at the Company's
The Company's first shrinkage stope has been a success. A total of 5,704 tonnes of material has been mined from the shrinkage stope, at an average grade of 10.60 g/t gold. Most of the shrinkage stope production occurred from July to September and was blended with material from other parts of the mine. The Company's second shrinkage stope is now in development with production anticipated to begin in November. The second shrinkage stope is expected to be twice as large as the first.
The Company has also increased overall development at Tuvatu by approximately
Lion One Metals' CEO Ian Berzins stated: "We're very pleased both with the success of the shrinkage stope and with the increased development rates at Tuvatu. These achievements have been made possible because of the new mining equipment and operational improvements initiated on site over the past several months. We're excited for the next shrinkage stope to come online and for the arrival of still more new mining equipment as we continue to advance operations at Tuvatu."
Shrinkage Stope
The Company's first shrinkage stope is located near surface in Zone 2 in the northwest part of Tuvatu. It targeted a section of the Ura1 lode that is approximately 62 m long, 24 m tall and 1.5 m wide. Development of the shrinkage stope was completed in June, and production started in July. Production from the shrinkage stope has been a major success with a total of 5,704 tonnes of material mined at an average grade of 10.60 g/t gold. Production from this shrinkage stope is now complete.
The Company's second shrinkage stope is in development and is anticipated to be twice as large as the first. The second shrinkage stope is located in Zone 5 on the east side of Tuvatu. It is focused on the UR2 lode and will be approximately 60 m long, 50 m tall, and 1.5 m wide, with expected tonnes of 11,520. Development of the second shrinkage stope is anticipated to be complete in October, with production scheduled to start in November and the final draw down to be complete in mid-January.
The success of the Company's first shrinkage stope is a major achievement and milestone for the Company and confirms shrinkage mining as an optimal mining method for Tuvatu. The Tuvatu deposit is a high-grade narrow-vein gold deposit, and the shrinkage mining method is designed to maximize gold production while minimizing dilution in a narrow-vein setting. Compared to traditional long hole mining methods, shrinkage stope mining offers the benefits of taller stopes and narrower widths - ideal for narrow-vein deposits such as Tuvatu.
Mine Development
To increase mine development and production rates, Lion One Metals initiated a series of productivity improvements and purchased new mining equipment to support these improvements. As a result, from January to September 2025 the Company increased the rate of large capital development by
Figure 1. Tuvatu Monthly Development, 2025. Monthly development rates at Tuvatu have steadily increased throughout 2025 as a result of operational improvements and the addition of new equipment.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/268860_liononemetalsfig1.jpg
The productivity improvements at Tuvatu include changing the methodology on how the Company sequences the drilling, blasting, mucking and bolting functions in a development heading. Traditionally the Company has used two-boom jumbos in the inclines and declines to drill, scale and insert ground support to advance the capital development workings. Under the change in methodology, the Company is now using jumbos simply to drill blastholes on new headings. Following drilling, blasting and mucking of the heading, a bolting crew is inserted into the cycle to scale, screen and bolt the heading from a scissor lift and bolting platform. The jumbo is thus freed up to move to the next heading. This is a much more efficient method of operation as it increases the utilization of the jumbos and leverages the Fijian expertise in handheld mining.
To support this change in methodology, the Company has modified a Caterpillar IT28 utility vehicle with a bolting platform to support the bolting crew. In parallel, the Company has procured an RES scissor lift to provide a dedicated bolting machine in support of the operation. Additionally, the Company has recently procured a third two-boom jumbo to further support the underground fleet. With a third two-boom jumbo and dedicated scissor lift, the Company anticipates capital development rates to further improve, which will provide a significant benefit to the mine operations at Tuvatu.
COO Announcement
The Company would also like to announce the retirement of Patrick Hickey as COO of Lion One Metals. Mr Hickey joined Lion One Metals in the summer of 2021 and was instrumental in the construction and development of the Tuvatu Gold Mine. Through his 40-plus years of experience in the mining industry, Mr Hickey has become an expert in the design and construction of mines throughout the world. Mr Hickey has made immeasurable contributions to the success of Lion One Metals, bringing the Company from development through to production.
Walter Berukoff, Chairman and President of Lion One Metals stated: "On behalf of the Board and the entire Lion One team, I want to thank Patrick for his leadership and dedication during this critical period in the Company's growth. Patrick's contributions have laid the foundation for Tuvatu's continued success, and we wish him all the best in his retirement."
Following Mr Hickey's retirement, the duties of the COO will be assumed by Lion One Metals' CEO Ian Berzins.
Qualified Persons Statement
In accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101"), Mark Horan, P.Eng., Chief Mining Engineer for the Company, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
About Lion One Metals Limited
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its
On behalf of the Board of Directors,
Walter Berukoff, President, Chairman of the Board
Contact Information
Email: info@liononemetals.com
Phone: 1-855-805-1250 (toll free North America)
Website: www.liononemetals.com
Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or accuracy of this release
This press release may contain statements that may be deemed to be "forward-looking statements" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited's current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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FAQ
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When will Lion One Metals' second shrinkage stope begin production at Tuvatu?
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