Lion One Metals Q2 2024 Gold Production Report

Lion One Metals Limited (ASX: $LLO) has reported the production results for the second quarter of 2024, with 3,551 OZ of gold recovered and 3,251 oz of gold poured during this period. The company also milled 32,100 tonnes of mineralized material, marking a significant increase from the previous quarter ending March 31st, 2024.

Executive Commentary on Q2 2024 Production Results

We're pleased with the production results at Tuvatu this quarter. Commissioning of the processing plant was only completed in January, with some components only installed in April and May. This quarter represents a milestone for the company as it is the first quarter in which the plant has been operating at full capacity. It is also the first quarter in which we have had mechanized production. We are just beginning to see the potential at Tuvatu and we're excited as we look forward to doubling the plant capacity from 300 TPD to 600-700 TPD, and to advancing towards the ultra-high-grade Zone 500. - Walter Berukoff, Chairman & CEO

Summary of Q2 2024 Production Results and Outlook

Lion One Metals reported a significant increase in gold production during Q2 2024, attributed to the introduction of mechanized production and increased mill throughput. The company's Chairman and CEO, Walter Berukoff, expressed optimism about the future, highlighting plans to double the plant capacity and advance towards the ultra-high-grade Zone 500. The resignation of Mr. David Tretbar from the Board of Directors was also announced, with CEO Walter Berukoff expressing gratitude for Mr. Tretbar's contributions. Lion One Metals remains focused on the development of the Tuvatu Gold Project in Fiji, aiming to capitalize on the potential of the high-grade Tuvatu Alkaline Gold Deposit and the exploration opportunities within the Navilawa Caldera.