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Overview of Lion One Metals
Lion One Metals (symbol: LOMLF) is an emerging Canadian gold producer focusing on the exploration and production of high-grade alkaline gold. Headquartered in North Vancouver, BC, the company operates its 100% owned Tuvatu Alkaline Gold Project in Fiji, a strategically significant asset within the Navilawa Caldera. Utilizing a combination of innovative mining techniques, a modular pilot processing plant, and an advanced in-house assay laboratory, Lion One Metals has established a vertically integrated operation that spans from resource exploration to gold recovery.
Core Operations and Production Excellence
The Tuvatu project encompasses an underground gold mine, a modular processing plant, and an on-site assay laboratory. The company has systematically ramped up production through the incorporation of mechanized mining methods, which have optimized drill efficiency and gold recovery. Engineering upgrades at the processing plant, combined with strategic mill expansion plans to potentially double processing capacity, position Lion One Metals to enhance production output significantly while maintaining cost effective operations.
Exploration and Resource Expansion
Lion One Metals places a strong emphasis on exploration across its extensive license covering the entire Navilawa Caldera. Detailed soil sampling programs and strategic drilling campaigns have expanded the known footprint of high-grade gold mineralization. Advanced geochemical analyses and NI43-101 compliant technical reports support the evolving geological model and resource potential of the Tuvatu project, with recent discoveries hinting at a possible increase in the deposit's strike length and resource base.
In-House Assay Laboratory and Quality Assurance
A cornerstone of the company’s operations is its own accredited assay laboratory, which ensures rapid turnaround times for drill and mill assays. This state-of-the-art facility, which complies with international quality standards, not only enhances operational efficiency but also reinforces the company’s commitment to precision and quality in its resource evaluation and production activities.
Competitive Landscape and Industry Position
Operating in a competitive segment of the global mining industry, Lion One Metals differentiates itself through a combination of technical expertise and robust operational infrastructure. The company’s vertically integrated approach—from in-house assay capabilities and mechanized mining techniques to planned mill expansion—demonstrates its comprehensive understanding of the complexities of modern gold mining. This positions Lion One Metals as a significant player among junior mining companies, recognized for its diligence in exploration and resource optimization.
Strategic Initiatives
Key strategic initiatives include the progressive expansion of mill throughput, ongoing exploration to extend the known mineralized zones, and the enhancement of mine infrastructure to support increased production capacity. Integrating the latest technological advancements in mine planning and processing, the company continues to focus on sustainable operational growth, ensuring long-term resource development and operational stability. These initiatives are supported by rigorous QAQC protocols and detailed technical reporting, which are essential for maintaining the credibility and trustworthiness required in the mining sector.
Conclusion
In summary, Lion One Metals represents a well-rounded and technically adept enterprise within the gold mining industry. Its comprehensive approach combines proven mining practices with continuous exploration and technological innovation, making it a company of interest for stakeholders seeking in-depth knowledge of gold production, resource exploration, and operational efficiency in a complex industry environment.
Lion One Metals (LOMLF) has reported significant high-grade gold results from 2,194.70 meters of underground infill and grade control drilling at its Tuvatu Gold Project in Fiji. The drilling program, focused on the Ura lode system, revealed impressive bonanza grade gold assays including:
- 142.66 g/t over 2.2m
- 489.52 g/t over 0.4m
- 168.95 g/t over 0.5m
- 189.15 g/t over 0.3m
- 179.95 g/t over 0.3m
The Ura system, currently being mined from both 1095 and 1116 levels, consists of three identified lodes (Ura1, Ura2, and Ura3). Mining operations are planned through conventional shrinkage stoping, with narrow mining widths of approximately 1.5m over a 100m strike length. The system remains open at depth and largely untested below current modeled lodes, presenting significant potential for resource expansion.
Lion One Metals (OTCQX: LOMLF) has announced the commencement of engineering and construction of a flotation circuit at its wholly-owned Tuvatu Alkaline Gold Project in Fiji. The project represents a significant expansion of the current 300 TPD pilot plant operation, with plans to double capacity to 600 TPD in stages.
The first expansion phase includes adding a flotation circuit with a regrind mill for processing flotation concentrate to approximately P80 20 microns before feeding the pre-treatment and CIL circuits. According to metallurgical testing conducted by Lion One's lab in Fiji, this addition is expected to increase gold recoveries from the current 80-83% to over 90%.
The company has completed engineering of concrete foundations and begun construction preparation. Steel and flotation plant equipment orders have been placed, with construction scheduled for completion in Q4 CY2025.
Lion One Metals reported record financial results for Q4 CY2024 at its Tuvatu Gold Mine in Fiji, achieving mine operating income of C$6.3M - a 312% increase from the previous quarter. The company posted record gold revenue of C$18M with 4,741 oz sold and reduced cost of sales to C$2,465 per oz.
Operational highlights include: 31,044 tonnes of high-grade material mined (56% from outside current Mineral Resource Estimate), 29,525 tonnes processed with 5.5 g/t average gold grade and 82.5% recovery rate. The company is operating at 300 TPD with planned expansion to 600-700 TPD in 2026.
Additionally, Lion One's internal assay laboratory received ISO 17025 accreditation, becoming Fiji's only mining accredited lab. The facility can process over 10,000 samples monthly and provides rapid turnaround times for drill and mill assay results.
Lion One Metals has reported significant high-grade gold results from 1,757.8 meters of near-mine expansion drilling at its Tuvatu Alkaline Gold Project in Fiji. The drilling focused on the SKL lodes in Zone 5, yielding multiple bonanza-grade gold assays including 502.50 g/t, 118.20 g/t, 85.50 g/t, and 76.50 g/t gold over narrow widths.
Key highlights include:
- 85.54 g/t Au over 3.0m from surface
- 23.59 g/t Au over 2.4m
- 21.10 g/t Au over 2.4m
The company also announced a leadership transition, with founder Walter Berukoff moving to Chairman and President role, while accomplished mining engineer Ian Berzins joins as new CEO. The SKL lodes, located near underground workings and within 110m of surface, represent a prime target for addition to the Tuvatu mine plan given their high-grade results and proximity to infrastructure.
Lion One Metals (TSXV: LIO) (OTCQX: LOMLF) has received approval from the TSX Venture Exchange for listing 25,367,647 share purchase warrants. These warrants were issued on February 14, 2025, as part of a public offering conducted through an underwriting agreement with Stifel Nicolaus Canada Inc. and Canaccord Genuity Corp.
Each warrant can be exercised to acquire one common share at C$0.41 per share until February 10, 2028. The warrants are scheduled to begin trading on the TSXV on February 26, 2025, under the ticker symbol LIO.WT.A.
Lion One Metals (LOMLF) has reported significant high-grade gold results from 3,312.5 meters of near-mine exploration at its Tuvatu Gold Project in Fiji. The drilling focused on the West Zone target, located 300m west of the main Tuvatu deposit.
Key findings include multiple bonanza grade gold assays, with notable intersections of 198.84 g/t Au over 1.4m (including 896.00 g/t Au over 0.3m), 61.24 g/t Au over 2.0m, and 306.78 g/t Au over 0.3m. The high-grade mineralization was found between 30m and 150m depth from surface.
The West Zone is hypothesized to have a separate feeder system from Tuvatu and represents a prime target for near-mine resource expansion. The company plans to incorporate the West Zone into its long-term mine plan, with potential development through a second portal or underground access drive.
Lion One Metals (TSXV: LIO) (OTCQX: LOMLF) has successfully closed its previously announced underwritten offering by issuing 25,367,647 units at $0.34 per unit, raising gross proceeds of $8,625,000. The company also completed a concurrent non-brokered private placement of 6,431,114 units, generating additional proceeds of $2,186,578.76.
Each unit consists of one common share and one warrant exercisable at C$0.41 for 36 months. The total aggregate offering of 31,798,761 units raised $10,811,578.74. The company paid underwriting commissions of $603,750 and issued 1,775,735 broker warrants for the main offering, plus additional finder's fees for the private placement.
The proceeds will fund mining and mill equipment and exploration activities at the Tuvatu Gold project in Fiji, along with general corporate expenses.
Lion One Metals (LOMLF) has reported significant high-grade gold results from 3,791.3 metres of underground grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. The drilling program, focused on Zone 2's URW and Murau lode systems, revealed multiple bonanza-grade gold assays, including notable intersections of 25.45 g/t gold over 6.7m and 26.89 g/t gold over 4.7m.
The drilling targeted two separate mineralized systems: the URW system's downdip extension below the 1101 level and the Murau system below the 1095 level. Both programs successfully intersected high-grade mineralization, indicating vertical extension below current mining levels. These results are expected to be incorporated into the mine plan within the next six to twelve months, with the headline intersect of 6.7m of 25.45 g/t gold located just 10m below current mining activities.
Lion One Metals reported record quarterly gold sales and production from its Tuvatu Gold Mine in Fiji for Q4 CY2024. The company sold 4,741 oz of gold and 841 oz of silver, generating total revenue of C$17,993,020, a 72% increase from the previous quarter's C$10,470,518.
Gold production reached 4,300 oz, an 18% increase from Q3's 3,638 oz. The average sale price was C$3,787 per ounce. The mine processed 29,525 tonnes with improved gold grades of 5.49 g/t and recovery rates of 82.50%. 2024 marked Tuvatu's first year of production, with consistent quarterly improvements since Q1 plant commissioning.
The company currently operates a 300 tpd pilot plant and plans to expand to 600 tpd in 2026.
Lion One Metals (LOMLF) has reported significant high-grade gold results from Zone 5 infill and grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. Notable drill results include exceptional bonanza grades of 1517.79 g/t Au over 0.3m and 513.50 g/t Au over 0.3m, among other high-grade intersections.
The drilling targeted the near-surface portions of the UR2 and URW3 lodes, focusing on areas above and below current underground developments. The program covered a 320m strike length, with both lodes remaining open along strike and at depth. Grade control drilling is being conducted on 10m centers from three underground locations to enhance the mine model and inform stope design for upcoming mining operations.
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