Blue Lagoon Delivers 1,000 Tonnes to Milling Partner - Processing Expected to Begin by Week's End

Core Viewpoint - Blue Lagoon Resources Inc. has successfully delivered its initial 1,000 tonnes of mineralized material from the Dome Mountain gold mine to its milling partner, marking a significant operational milestone in the company's transition to production [1][2][3] Operational Update - The delivery of the initial tonnage is expected to lead to the processing of Dome Mountain mineralized material by the end of the week, contingent on normal mill scheduling and maintenance activities [2] - The company is focused on advancing underground development and optimizing the mine-to-mill workflow, including logistics and stockpile management [3] - As milling begins, the company plans to provide updates on operational progress, including ongoing deliveries and processing timelines [3] Path to Revenue Generation - Commencing processing is a pivotal step for Blue Lagoon as it aims to generate revenue from gold production, with management prioritizing consistent execution in the early production cycle [5] - The company has a long-term toll milling agreement with Nicola Mining, with first gold sales targeted for Q4 2025 [7] Infrastructure and Development - Blue Lagoon has signed a lease for a new facility to establish its own assay laboratory, which is expected to shorten assay times and enhance decision-making for mining operations [4] - The company achieved a major milestone in February 2025 with the granting of a full mining permit, allowing it to commence underground mining operations [7] Commitment to Sustainability - Blue Lagoon is committed to sustainability and community engagement, aiming to become a profitable gold producer while creating lasting value for shareholders and stakeholders [8]