Lion One Reports 4,200 oz in Quarterly Gold Production

Core Viewpoint - Lion One Metals Limited reported a significant increase in gold production and recovery from the Tuvatu Gold Mine in Fiji for the quarter ending September 30, 2025, indicating strong operational performance and future growth potential [1][2][3]. Production Results - The company produced approximately 4,200 ounces of gold during the quarter, representing a 31% increase from the previous quarter [2][4]. - The average grade for the quarter was 5.1 g/t gold, a 39% increase from the previous quarter [2][4]. - Record quarterly gold recovery of 83.9% was achieved, with a record monthly recovery of 87.2% in July [2][3]. - A total of 29,850 tonnes of mineralized material was processed, with an average throughput of approximately 328 tonnes per day, exceeding the nameplate capacity of 300 TPD [3][4]. Mine Development - The company completed 1,712 meters of underground mine development during the quarter, marking the top three months of development in Tuvatu's history [6]. - A total of 28,423 tonnes of mineralized material was mined throughout the quarter [6]. - The first shrinkage stope was successfully completed, producing over 5,700 tonnes of material at an average gold grade of 10.60 g/t [3][6]. - A second, larger shrinkage stope is already in development, expected to contribute to production in Q4 2025 and Q1 2026 [6]. Management Commentary - CEO Ian Berzins expressed satisfaction with the quarter's results, highlighting the successful performance of both the mine and mill [3]. - Chairman Walter Berukoff acknowledged the efforts of the Fiji team in achieving the company's turnaround and emphasized the importance of teamwork [3][10]. Board of Directors Update - Edward (Ned) Collery stepped down from the Board of Directors, and Todd Romaine was appointed as an Independent Director, bringing over 25 years of experience in environmental, social, and governance (ESG) matters [8][9][10].