Lion One Reports Preliminary Gold Results, Announces C$16.3M in Quarterly Revenue

Core Viewpoint - Lion One Metals Limited reported significant improvements in gold production and revenue from the Tuvatu Gold Mine in Fiji for the quarter ending June 30, 2025, highlighting operational advancements and increased gold recoveries [1][3][8]. Operational Highlights - The company sold approximately 3,577 ounces of gold and 1,233 ounces of silver during the quarter, with total revenue reaching C$16,300,821, marking a 24% increase from the previous quarter and a 77% increase year-over-year [3][5]. - The average sale price for gold was C$4,541 per ounce, driven by higher gold prices and improved operational efficiencies [3][5]. - Mill performance was exceptional, achieving a record utilization rate of 96% and processing 33,726 tonnes of mineralized material, averaging about 371 tonnes per day [4][5]. Recovery and Development - Gold recovery improved to 84.1% in June 2025, up from an average of 80.3% over the previous 12 months, attributed to debottlenecking efforts and enhanced carbon management [4][7]. - The company completed a record 1,503 meters of underground development during the quarter, with significant advancements in mine ventilation and the arrival of new mining equipment [7][10]. - The development of the first shrinkage stope is complete, with production expected to commence in July, August, and September, featuring high-grade intervals reported [7][10]. Future Outlook - The CEO expressed optimism about continued improvements in gold recoveries and underground development, anticipating stronger results in the upcoming quarter due to the production from the shrink stope [8].