Lion One Metals Ltd. (LIO:TSXV)
High-Grade Underground Gold Mine in Production – The Tuvatu Gold Mine, having commenced production in late 2023, produced 14.6Koz in FY26 and is leveraged to a strong gold price environment.
Demonstrated Operating Rebound – Following the return of the prior operating team, production improved 21% QoQ with record 84.9%mill recovery, reinforcing the mine’s capability when run by experienced operators.
High-Grade Resource – Tuvatu hosts a high-grade gold resource of 514Koz at 7.89 g/t (3.0 g/t cut-off), of which 175Koz is in the Indicated category at 8.48 g/t Au, and the remaining is in the Inferred category at 7.62 g/t Au. At a 4.0 g/t Au cut-off, the average grade rises to just below 10 g/t Au.
Resource Growth Potential – A meaningful share of recent mine production has come from outside the defined resource, highlighting upside for further resource growth across the land package.
Investment Summary
Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver, BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.
Company Description
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