Lion One Metals Limited is pleased to announce the impressive Q2 gold production results for the Tuvatu Gold Mine in Fiji. During the three-month period ending June 30th, 2024, the company produced 3,551 ounces of gold, marking a significant increase from the previous quarter. This boost in production is attributed to the introduction of mechanized production in May and June, as well as the increased mill throughput from February to May.
The Tuvatu Gold Mine has been steadily ramping up its mining and processing activities during the pilot plant phase, resulting in a step change increase in production in May and June. The processing plant, which was commissioned in January, has been operating at full capacity for the first time in Q2 CY2024. Lion One Metals is excited about the potential at Tuvatu and looks forward to doubling the plant capacity from 300 TPD to 600-700 TPD, as well as advancing towards the ultra-high-grade Zone 500.
Lion One Chairman and CEO, Walter Berukoff, expressed his satisfaction with the production results, stating, ‘We’re pleased with the production results at Tuvatu this quarter. We are just beginning to see the potential at Tuvatu, and we’re excited about the future prospects.’
In addition to the positive production results, Lion One Metals also announced the resignation of Mr. David Tretbar from the company’s Board of Directors. Mr. Tretbar, who has been with the company since June 2020, played a crucial role in guiding Lion One Metals through a period of significant growth, including the discovery of the Zone 500 feeder zone and the construction and commissioning of the Tuvatu underground gold mine and processing plant. Lion One CEO Walter Berukoff expressed his gratitude for Mr. Tretbar’s contributions and wished him all the best in his future endeavors with San Cristobal Mining.
Lion One Metals Limited is an emerging Canadian gold producer with operations at the Tuvatu Alkaline Gold Project in Fiji. The project includes the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The company also holds an extensive exploration license covering the entire Navilawa Caldera, which presents multiple mineralized zones and highly prospective exploration targets.
With the successful Q2 gold production results and ongoing developments at the Tuvatu Gold Mine, Lion One Metals is well-positioned to continue its growth and establish itself as a prominent player in the gold mining industry.