Welcome to our dedicated page for Lion One Metals news (Ticker: LOMLF), a resource for investors and traders seeking the latest updates and insights on Lion One Metals stock.
Lion One Metals Limited (LOMLF) is a Canadian gold producer advancing its 100%-owned Tuvatu Alkaline Gold Project in Fiji's mineral-rich Navilawa Caldera. This page serves as the definitive source for official company announcements, operational updates, and technical disclosures related to its underground mining activities and resource expansion efforts.
Investors and industry observers will find timely updates on key developments including exploration drilling results, mill capacity expansions, and NI43-101 compliant resource estimates. The company's integrated operations – spanning from advanced soil sampling programs to in-house gold assay verification – are documented through verified press releases and regulatory filings.
Content highlights include progress reports on Tuvatu's modular processing plant optimization, infrastructure upgrades supporting production scaling, and geochemical analyses from the company's accredited laboratory. All materials adhere to strict quality assurance protocols, ensuring stakeholders receive accurate operational and financial disclosures.
Bookmark this page for direct access to Lion One Metals' latest corporate communications, including strategic initiatives impacting gold recovery rates and long-term resource development in one of Fiji's most prospective gold districts.
Lion One Metals has reported significant improvements in its Q2 2024 gold production at the Tuvatu Gold Mine in Fiji, achieving a production of 3,551 oz, up from 1,394 oz in Q1 2024.
This boost is driven by mechanized production and increased mill throughput, processing 32,100 tonnes of material in Q2 2024 compared to 20,751 tonnes in Q1 2024.
The company aims to double plant capacity from 300 TPD to 600-700 TPD, advancing towards the ultra-high-grade Zone 500. CEO Walter Berukoff highlighted the milestone in full capacity operations and the positive outlook ahead.
Additionally, David Tretbar has resigned from the Board of Directors due to increased responsibilities at San Cristobal Mining. His tenure included key developments like the discovery of Zone 500 and the commissioning of the Tuvatu processing plant.
Lion One Metals reported record gold production at its Tuvatu project in June, achieving approximately 1,370 oz of gold with a projected total of 1,700 oz for the month. The company also expanded the gold-in-soil anomaly 650 meters to the south of Tuvatu, potentially increasing the strike length of the deposit by 70%.
Furthermore, Lion One has increased its planned mill expansion to 600-700 TPD from the originally planned 500 TPD, aiming to double the nameplate capacity by mid-2025. An updated NI43-101 compliant Technical Report has been filed with an effective date of June 24, 2024, detailing increased gold production and exploration successes.
Mechanized production commenced in mid-May, significantly boosting production efficiency and output. Soil sampling revealed high-grade gold results, coinciding with arsenic, lead, and zinc anomalies, suggesting substantial exploration potential.
The updated Technical Report includes a Mineral Resource Estimate with detailed classifications and projected gold recovery metrics.
Lion One Metals reported significant high-grade gold results from Zone 5 infill and grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. Key results include 97.46 g/t gold over 3.3 m, with sub-intervals of 750.05 g/t over 0.3 m and 315.46 g/t over 0.3 m. Drilling focused on up-dip, down-dip, and southern areas of the UR2 and URW3 lodes, which are set for mining within the next 12 months. The Zone 5 area targeted in this drilling includes various lodes forming high-grade parts of the deposit, with the system remaining open at depth.
Highlighted intercepts include 54.70 g/t over 1.8 m and 42.11 g/t over 1.5 m. The company aims to enhance the mine model and inform stope design before commencing mining in these target areas.
Lion One Metals (TSXV: LIO, OTCQX: LOMLF, ASX: LLO) announced the start of mechanized production at its Tuvatu Gold Project in Fiji. Notable milestones include the first remote bogging on May 16 and first long hole stope blast on May 18, marking the project's transition to production mining. The company reported increased mill operations capacity from 300 TPD to over 400 TPD, due to operational improvements.
Significant new drill results were highlighted, with assays such as 393.01 g/t gold over 1.2 meters and 215.86 g/t gold over 0.6 meters. These results are important for enhancing the mine model and inform stope design, focusing on UR2 and URW3 lodes. The company completed 4930.7 meters of new drilling across 36 holes.
The Tuvatu project’s operational upgrades and high-grade drilling results indicate promising potential for increased gold production, positioning Lion One strategically in the gold mining sector.
Lion One Metals reports high-grade gold results from near-mine expansion drilling at Tuvatu Alkaline Gold Project in Fiji. Significant gold intercepts include 30.48 g/t over 4.8m and 64.46 g/t over 8.1m. The Murau and SKL areas show promising mineralization potential. The Murau system is expanding, with 34 drillholes targeting down-dip extensions. SKL drilling confirms high-grade mineralization, aiming for inclusion in the mine plan by 2025.
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