Lion One Metals Limited (ASX: $LLO) News Update

Lion One Metals Limited (ASX: $LLO) has initiated mechanized production at Tuvatu and unveiled significant high-grade gold results from Zone 5 infill and grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. The company has commenced remote bogging and long hole stope blast, marking a pivotal shift from development to production mining. Additionally, operational enhancements have enabled the processing plant to sustainably process over 400 TPD, surpassing its name plate capacity of 300 TPD.

Executive Commentary

This is a significant achievement for Lion One Metals as we transition into mechanized production mining at Tuvatu. The successful commencement of remote bogging and long hole stope blast, both firsts for Fiji, underscores our commitment to operational excellence. The high-grade gold results from Zone 5 drilling further validate the project's potential and the effectiveness of our exploration efforts. We are excited about the progress and look forward to maximizing the production capabilities at Tuvatu. - (No speaker's name or position mentioned)

Summary of Developments

Lion One Metals has marked a milestone with the initiation of mechanized production mining at Tuvatu, accompanied by exceptional high-grade gold results from Zone 5 drilling. The company's successful operational improvements have bolstered the processing plant's capacity, enabling sustainable processing over 400 TPD. The Zone 5 drilling has revealed promising gold assays, affirming the project's potential. Lion One Metals remains focused on optimizing production capabilities and leveraging the significant progress made at Tuvatu. The outlook appears promising as the company continues to advance its corporate strategy and exploration endeavors in Fiji.