Welcome to our dedicated page for Lake Victoria Gold news (Ticker: LVGLF), a resource for investors and traders seeking the latest updates and insights on Lake Victoria Gold stock.
Lake Victoria Gold Ltd. reports company news centered on gold project development in Tanzania's Lake Victoria Goldfield. Recurring updates cover the Imwelo Gold Project and Tembo Project, including drilling results, geotechnical testing, metallurgical recovery work, pit optimization, mine planning, permitting status, and Tanzania mining regulatory matters.
Company announcements also describe material agreements, capital-structure matters, governance disclosures, strategic investor participation, and project-funding themes tied to advancing exploration and development-stage gold assets.
Lake Victoria Gold (LVGLF) has completed the statutory disclosure stage of the Phase 3 land valuation and compensation programme for its fully permitted Imwelo Gold Project in Tanzania. A large majority of Project Affected Persons have signed the required statutory documentation, positioning them for compensation once the final valuation report is verified, approved and endorsed by the Chief Government Valuer.
Disclosure meetings with landholders and local authorities were held on 7–8 September 2026, concluding roughly five weeks after the programme commenced on 1 August 2026. At the request of certain landholders, the programme scope was expanded so the company will acquire entire parcels, including areas outside the original Phase 3 boundary, securing additional land that may be required for future project development. The government valuation team is now preparing the final Phase 3 valuation report, after which compensation can be paid to eligible participants and Imwelo’s land, infrastructure and development workstreams can continue toward construction.
Lake Victoria Gold (LVGLF) reported completion of initial spot repairs on the 14 km Katoro-to-Imwelo access road and substantial completion of the construction camp at its fully permitted Imwelo Gold Project in Tanzania.
Compaction of repaired road sections is continuing, supporting safer transport of materials, fuel and people ahead of the wet season. At site, bush clearing, topsoil stripping and bulk earthworks are advancing across the pit, tailings storage facility, waste rock dump and dam locations, with topsoil stockpiled as a berm between the production area and future camp. Stripping and levelling of the run of mine pad have started, using excavated material to build a western berm inside the mining licence. The build-once camp, with electrical installation, drainage, bathrooms, generator shelter and a pressure-tested water system in place, is designed to transition directly into the permanent operations camp, which the company says avoids duplicated expenditure. A local Tanzanian contractor is executing the works in coordination with the Tanzania Rural and Urban Roads Agency.
Lake Victoria Gold (OTCQB: LVGLF) reports that its fully permitted Imwelo gold project in Tanzania is advancing toward construction after securing key technical and financing milestones. Imwelo holds Mining Licence ML 538/2015 and a 23‑hole, 1,136‑metre sterilization drilling program completed in June confirmed plant and camp sites are free of mineralization.
On June 29, 2026, the Tanzania Mining Commission approved a Tanzanian‑led EPCM structure with City Engineering Company as primary contractor and Sutton Consulting International providing technical support; a senior project manager mobilized to site on July 8, 2026. On April 1, 2026, the company entered a binding term sheet for a gold loan of up to 6,000 ounces (about US$25 million) from Monetary Metals, repayable in gold, and on July 2, 2026 closed the final tranche of a convertible debenture financing, bringing that raise to $4,165,200. Construction start is targeted for the current quarter. Lake Victoria Gold cautions that Imwelo lacks a current NI 43‑101 feasibility study and any production decision carries increased risk of economic or technical failure.
Lake Victoria Gold (OTCQB: LVGLF) reported new high‑grade, near‑surface assays from HQ diamond drilling at the fully permitted Imwelo Gold Project in Tanzania. Highlights from Area C, the planned initial open‑pit, include 28.71 g/t Au over 2.75 m from 21.00 m in hole IMWDR029 and 12.20 g/t Au over 4.50 m from 32.00 m in IMWDR028, with individual quartz‑vein samples up to 142.90 g/t Au and 124.83 g/t Au.
The eight‑hole, 225 m program spans about 240 m of strike; several holes intersected voids from historical artisanal mining. Whole‑core samples from these holes have been sent to Nesch Mintech Tanzania for a targeted metallurgical program on clay‑rich weathered ore to assess scrubbing, desliming and attrition options. According to Lake Victoria Gold, results will guide the final Area C process flowsheet, treatment‑rate assumptions, plant configuration and grade‑control planning, while Phase 1 earthworks, pit design and site development at Imwelo advance in parallel.
Lake Victoria Gold (OTCQB: LVGLF) reported a maiden NI 43-101 Mineral Resource Estimate for its 100%-owned Tembo Gold Project in northwestern Tanzania, adjacent to Barrick’s Bulyanhulu mine. The estimate outlines an Inferred Resource of 13.33 Mt at 1.12 g/t (480,100 oz) and an Indicated Resource of 2.69 Mt at 1.16 g/t (99,700 oz) across three near-surface deposits (Ngula 1, Nyakagwe Village, Nyakagwe East) within conceptual open-pit shells at a 0.25 g/t cut-off.
According to the company, a higher-grade component emerges at increased cut-offs, including 4.79 Mt at 2.15 g/t (331,700 Inferred oz) and 1.07 Mt at 2.00 g/t (68,600 Indicated oz) at 1.00 g/t. Ngula 1 hosts about 56% of Inferred and 63% of Indicated ounces, with a planned 4,000–5,000 m close-spaced drilling program to support resource conversion and mine planning. LVG is also advancing a potential 500 tpd toll-milling arrangement with Nyati Resources for processing near-surface Ngula 1 material, positioning Tembo as a second defined asset alongside the Imwelo Gold Project.
Lake Victoria Gold (OTCQB: LVGLF) reported a maiden NI 43-101 Mineral Resource Estimate for its 100%-owned Tembo Gold Project in northwestern Tanzania, adjacent to Barrick’s Bulyanhulu Mine. The MRE outlines an Inferred Mineral Resource of 13.33 Mt at 1.12 g/t gold for 480,100 ounces and an Indicated Mineral Resource of 2.69 Mt at 1.16 g/t gold for 99,700 ounces, reported within conceptual open-pit shells at a 0.25 g/t cut-off.
According to the company, a higher-grade component at a 1.00 g/t cut-off contains 331,700 Inferred ounces at 2.15 g/t and 68,600 Indicated ounces at 2.00 g/t. Ngula 1 hosts most of the Indicated ounces and will be the focus of a planned 4,000–5,000 m close-spaced drilling program and future mine planning, while LVG advances a potential toll-milling route with Nyati Resources for processing near-surface material.
Lake Victoria Gold (OTCQB: LVGLF) announced that its Tanzanian subsidiary Tembo Gold (T) will start the Phase 3 land valuation and compensation programme at the fully permitted Imwelo Gold Project in Chato District on August 1, 2026. Phase 3 covers about 73 acres needed to expand the site footprint for accommodation camps, workshops and supporting mine infrastructure, advancing Imwelo’s readiness for construction and development.
The programme is expected to involve roughly 60 Project Affected Persons in Imwelo A Hamlet and follows Phase 1 (268 acres, 2019) and Phase 2 (185 acres, 2023), bringing the combined coverage to approximately 526 acres upon completion. According to Lake Victoria Gold, the exercise has been approved by relevant Chato District authorities and will be conducted by qualified government valuers under Tanzanian land and valuation laws, with community sensitization and disclosure of valuation results before compensation is finalized.
Lake Victoria Gold (OTCQB: LVGLF) has commenced Phase 1 earthworks at its fully permitted Imwelo gold project in Tanzania, marking a new stage of physical site development. Initial work covers upgrading the existing access road and preparing the plant-site footprint, including clearing, topsoil stripping, pad compaction, sound berms and trench excavation.
The construction camp is nearing completion, with water storage, power generation and plumbing installed, electrical work advancing and accommodation being outfitted. The “build-once” camp is designed to transition directly into the permanent operations mine camp. Project execution follows a Tanzanian-led EPCM structure headed by City Engineering Company, supported by Sutton Consulting and Lake Victoria Gold’s on-site team, within Tanzania’s local content framework.
Lake Victoria Gold (OTCQB: LVGLF) has mobilized senior project manager Charl Coetzee to its fully permitted Imwelo Gold Project in Tanzania, advancing construction readiness.
He supports the Tanzanian-led EPCM framework with CECL and Sutton, coordinating near-term workstreams such as site clearing, access roads, utilities, camp preparation and procurement support.
Lake Victoria Gold (OTCQB: LVGLF) received Tanzania Mining Commission approval for a Tanzanian-led EPCM structure at the fully permitted Imwelo gold project. CECL is appointed primary EPCM contractor and commercial lead, with Sutton as international technical-support partner.
The integrated mandate covers final detailed engineering, procurement planning, infrastructure design, mine-planning support, construction preparation and project management. Project advancement runs in parallel with financing efforts, including a gold loan facility term sheet of up to approximately US$25 million with Monetary Metals & Co., subject to conditions and regulatory approvals.