Lion One Announces Mine Ventilation Upgrade, Reports Preliminary Gold Results
Lion One Metals has completed a significant mine ventilation upgrade at its Tuvatu Gold Mine in Fiji, enabling expanded underground development and access to the high-grade Zone 500 feeder zone. The upgrade has doubled airflow at the main portal, allowing for development of more mineralized headings.
The company reported Q1 CY2025 gold production of 3,555 oz from 27,841 tonnes milled at an average grade of 4.9 g/t gold with 80.4% recovery. While this represents a 155% year-over-year increase, it marks a decrease from Q4 2024's 4,300 oz due to maintenance downtime and weather impacts.
Currently operating at 300 TPD, the company plans to expand to 600-700 TPD by 2026. Development highlights include a record 13 active headings and the first shrinkage stope along the Ura1 lode, where previous drilling returned 142.66 g/t gold over 2.2m. The stope is expected to begin production in May-June 2025.
Lion One Metals ha completato un importante aggiornamento della ventilazione della miniera presso la Tuvatu Gold Mine nelle Fiji, permettendo un ampliamento dello sviluppo sotterraneo e l'accesso alla zona ad alto tenore Zone 500. L'aggiornamento ha raddoppiato il flusso d'aria al portale principale, consentendo lo sviluppo di più fronti mineralizzati.
L'azienda ha riportato una produzione d'oro nel primo trimestre del 2025 di 3.555 once da 27.841 tonnellate lavorate con una media di 4,9 g/t di oro e un recupero dell'80,4%. Sebbene rappresenti un aumento del 155% su base annua, si tratta di una diminuzione rispetto alle 4.300 once del quarto trimestre 2024, dovuta a fermi manutentivi e condizioni meteorologiche avverse.
Attualmente in attività a 300 TPD, l'azienda prevede di espandersi a 600-700 TPD entro il 2026. I punti salienti dello sviluppo includono un record di 13 fronti attivi e la prima stesa di restringimento lungo la vena Ura1, dove perforazioni precedenti hanno restituito 142,66 g/t di oro su 2,2 m. La stesa dovrebbe iniziare la produzione tra maggio e giugno 2025.
Lion One Metals ha completado una importante mejora en la ventilación de la mina en su Tuvatu Gold Mine en Fiji, permitiendo una mayor expansión del desarrollo subterráneo y acceso a la zona alimentadora de alta ley Zona 500. La mejora ha duplicado el flujo de aire en el portal principal, permitiendo el desarrollo de más frentes mineralizados.
La compañía reportó una producción de oro en el primer trimestre del 2025 de 3,555 onzas a partir de 27,841 toneladas procesadas con una ley promedio de 4.9 g/t de oro y una recuperación del 80.4%. Aunque esto representa un aumento del 155% interanual, es una disminución respecto a las 4,300 onzas del cuarto trimestre de 2024 debido a paradas por mantenimiento y condiciones climáticas.
Actualmente operando a 300 TPD, la empresa planea expandirse a 600-700 TPD para 2026. Los aspectos destacados del desarrollo incluyen un récord de 13 frentes activos y el primer tajo de contracción a lo largo de la veta Ura1, donde perforaciones anteriores arrojaron 142.66 g/t de oro en 2.2 m. Se espera que el tajo comience producción entre mayo y junio de 2025.
Lion One Metals는 피지의 투바투 금광에서 중요한 광산 환기 설비 업그레이드를 완료하여 지하 개발을 확장하고 고등급 Zone 500 공급대에 접근할 수 있게 되었습니다. 이번 업그레이드로 주요 입구의 공기 흐름이 두 배로 증가하여 더 많은 광물화 구간 개발이 가능해졌습니다.
회사는 2025 회계연도 1분기 금 생산량이 27,841톤을 처리하여 평균 금 함량 4.9 g/t, 회수율 80.4%로 3,555온스를 기록했다고 보고했습니다. 이는 전년 대비 155% 증가한 수치이나, 유지보수 작업과 기상 악화로 인해 2024년 4분기 4,300온스보다는 감소한 수치입니다.
현재 하루 300톤 처리 중이며, 2026년까지 600-700톤으로 확장할 계획입니다. 개발 주요 성과로는 13개의 활발한 작업면 기록과 이전 시추에서 2.2m 구간에 142.66 g/t 금이 확인된 Ura1 광맥을 따라 첫 수축 스톱이 포함됩니다. 이 스톱은 2025년 5월에서 6월 사이 생산을 시작할 예정입니다.
Lion One Metals a achevé une mise à niveau importante de la ventilation de sa mine d'or Tuvatu aux Fidji, permettant un développement souterrain élargi et l'accès à la zone d'alimentation à haute teneur Zone 500. Cette amélioration a doublé le débit d'air à l'entrée principale, autorisant le développement de plus de fronts minéralisés.
La société a rapporté une production d'or au premier trimestre de l'année civile 2025 de 3 555 oz à partir de 27 841 tonnes traitées, avec une teneur moyenne de 4,9 g/t d'or et un taux de récupération de 80,4 %. Bien que cela représente une augmentation de 155 % d'une année sur l'autre, c'est une baisse par rapport aux 4 300 oz du quatrième trimestre 2024, en raison de temps d'arrêt pour maintenance et des conditions météorologiques.
Opérant actuellement à 300 TPD, la société prévoit d'étendre sa capacité à 600-700 TPD d'ici 2026. Les points forts du développement incluent un record de 13 fronts actifs et le premier tirage par rétrécissement le long de la veine Ura1, où des forages antérieurs ont donné 142,66 g/t d'or sur 2,2 m. Le tirage devrait commencer la production entre mai et juin 2025.
Lion One Metals hat ein bedeutendes Upgrade der Belüftung in seiner Tuvatu Gold Mine auf Fiji abgeschlossen, das eine erweiterte untertägige Erschließung und den Zugang zur hochgradigen Zone 500 Zuführungszone ermöglicht. Das Upgrade hat den Luftstrom am Hauptportal verdoppelt, was die Erschließung weiterer mineralisierter Stollen erlaubt.
Das Unternehmen meldete eine Goldproduktion im ersten Quartal des Geschäftsjahres 2025 von 3.555 Unzen aus 27.841 Tonnen verarbeitetem Erz mit einem durchschnittlichen Gehalt von 4,9 g/t Gold und einer Rückgewinnung von 80,4 %. Obwohl dies einem Anstieg von 155 % im Jahresvergleich entspricht, ist es ein Rückgang gegenüber den 4.300 Unzen im vierten Quartal 2024 aufgrund von Wartungspausen und wetterbedingten Einflüssen.
Derzeit wird mit 300 Tonnen pro Tag betrieben, das Unternehmen plant eine Erweiterung auf 600-700 Tonnen pro Tag bis 2026. Zu den Entwicklungshighlights zählen ein Rekord von 13 aktiven Stollen und der erste Schrumpfungsabbau entlang der Ura1-Linse, bei der frühere Bohrungen 142,66 g/t Gold über 2,2 m ergaben. Der Abbau soll im Mai-Juni 2025 beginnen.
- Ventilation upgrade completed, enabling access to high-grade Zone 500 zone
- Record 13 active mining headings with more planned
- 155% year-over-year increase in gold production
- First shrinkage stope development progressing well with high-grade potential (142.66 g/t gold over 2.2m)
- Mill typically exceeds design capacity at 340 TPD vs 300 TPD design
- Q1 2025 gold production decreased 17.3% from Q4 2024 (3,555 oz vs 4,300 oz)
- Operational disruptions from maintenance and weather impacted Q1 performance
- Mill throughput reduced 17.6% to 280 TPD during January-February 2025
North Vancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to provide an operations update and announce the completion of the raise bore project and mine ventilation upgrade at the Company's
The mine ventilation upgrade is a major milestone for the Company as it enables the Company to develop more levels underground and to put more mineralized headings into production. Airflow within the mine has improved dramatically and ventilation is now sufficient for development to proceed to the high-grade Zone 500 feeder zone, which is where the company drilled 75.9 m of 20.86 g/t gold and 54.9 m of 12.22 g/t gold. Together with the new mine equipment en route to Fiji and the development of the Company's first shrinkage stope, the mine ventilation upgrade will increase mine development at Tuvatu in advance of the next stage of mill expansion to 600-700 TPD.
Operations Update
Summary:
Raise bore development and ventilation circuit upgrade complete
Ventilation is now sufficient for development to proceed to the high-grade Zone 500
New levels and mineral headings are now being developed as a result of improved ventilation
Record 13 active headings under development at Tuvatu with more to be added
New mine equipment en route to Fiji to further accelerate mine development
First shrinkage stope under development and advancing well
The Company is currently operating at the 300 TPD pilot plant phase with expansion to the 600-700 TPD phase of operations anticipated in 2026. In advance of expansion the Company is completing critical mine infrastructure projects, including the raise bore and primary ventilation upgrade project.
Development and commissioning of the raise bore and primary ventilation circuit is now complete. Airflow within the mine has improved dramatically. Windspeed measured at the main portal is now twice as fast as prior to the completion of the new circuit and mining operations can proceed more efficiently as a result. In recent months underground development has been restricted to near-surface levels due to lack of sufficient ventilation to advance deeper into the deposit. With the primary ventilation circuit now complete, the Tuvatu mine has sufficient ventilation for underground development to proceed down to the high-grade Zone 500 feeder zone, which is a major priority for the Company. New development and mineralized headings can now immediately be advanced to deeper levels of the mine and new sources of mineralized material can be developed and put into production. With the recent addition of new mining equipment and staff, a total of 13 active headings are now being advanced at Tuvatu, which is a new record for the Company. More headings will be added as additional mining equipment arrives on site in the coming weeks and months as mine development continues to accelerate.
A shrinkage stope is now actively being developed along the Ura1 lode at Tuvatu where bonanza grade gold results, such as 142.66 g/t gold over 2.2 m, have been returned from drilling. The shrinkage stope is anticipated to be approximately 100 m long, 30 m tall, and 1.5 m wide, and is designed to minimize dilution and maximize gold grades delivered to the mill. During development of the stope, the Ura1 lode has shown to be continuous, and sampling has returned consistent high grades across the structure. The Ura1 shrinkage stope is anticipated to come online in May and June 2025 and will be the first of a series of shrinkage stopes to be developed at Tuvatu.
Figure 1. Example Ura1 Shrinkage Stope Development. Example shrinkage stope development rise face showing the Ura1 lode at the center of the rise, with the Ura lode identified with red paint and sample markers identified in pink paint. Width of the image is approximately 1.6 m.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/248870_ba524cc4f4d1a912_001full.jpg
Preliminary Quarterly Gold Results
Summary:
3,555 oz of gold recovered
27,841 tonnes milled
4.9 g/t gold average head grade
80.4% recovery
Lion One Metals recovered 3,555 oz of gold during the quarter ending March 31, 2025. This represents a
The decrease in production from the prior quarter is due primarily to increased downtime related to both scheduled and unscheduled mill maintenance and repairs during January and February 2025. During this period there were 6 days of planned mill maintenance shutdown to complete a mill liner replacement, and a secondary mill pinion replacement, as well as unscheduled downtime and reduced mill throughput as a result of heavy rains. Mill throughput typically exceeds design levels and averages approximately 340 TPD but was reduced to an average of 280 TPD in January and February. Production returned to normal levels in March once both the scheduled and weather-related maintenance procedures were complete. Modifications to the mill are currently underway to minimize the impact of heavy rains and to improve water management within the pilot plant and reduce the seasonal effect of heavy rains.
Figure 2. Tuvatu Monthly Gold Production, October 2024 to March 2025. Gold production dipped in January and February 2025 due to scheduled mill maintenance shutdowns as well as to unscheduled maintenance and reduced mill throughput due to heavy rains. Production returned to baseline levels in March 2025.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2178/248870_ba524cc4f4d1a912_002full.jpg
Qualified Persons Statement
In accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101"), William J. Witte, P.Eng., Principal Advisor to the Company, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.
Lion One Laboratories / QAQC
Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its drilling, sampling, testing, and analyses. The Company operates its own geochemical assay laboratory and its own fleet of diamond drill rigs using PQ, HQ and NQ sized drill rods.
Diamond drill core samples are logged by Lion One personnel on site. Exploration diamond drill core is split by Lion One personnel on site, with half core samples sent for analysis and the other half core remaining on site. Grade control diamond drill core is whole core assayed. Core samples are delivered to the Lion One Laboratory for preparation and analysis. All samples are pulverized at the Lion One lab to
Duplicates of
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248870
FAQ
What caused the decrease in LOMLF's Q1 2025 gold production compared to Q4 2024?
What is the significance of Lion One's ventilation upgrade at Tuvatu?
When will LOMLF's Tuvatu Gold Mine expand its processing capacity?
What are the details of LOMLF's first shrinkage stope at Tuvatu?
