An update from Lion One Metals ( (TSE:LIO) ) is now available.
Lion One Metals Limited has announced the commencement of engineering and construction of a flotation circuit at its Tuvatu Gold Mine in Fiji. This development is part of the company’s plan to double the plant’s capacity from 300 to 600 TPD, with the flotation circuit expected to enhance gold recovery rates from 80-83% to over 90%. The construction, anticipated to be completed by Q4 2025, is expected to significantly improve the project’s economics and provide immediate financial benefits by increasing gold recoveries.
More about Lion One Metals
Lion One Metals is an emerging Canadian gold producer based in North Vancouver, BC. The company operates the Tuvatu Alkaline Gold Project in Fiji, which includes the high-grade Tuvatu Alkaline Gold Deposit, an underground gold mine, a pilot plant, and an assay lab. Lion One also holds an extensive exploration license over the Navilawa Caldera, known for its mineralized zones and exploration targets.
YTD Price Performance: 12.50%
Average Trading Volume: 448,939
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$96.77M
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