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Fiji-focused gold developer Lion One Metals has poured first gold at its 100% owned flagship Tuvatu alkaline gold project, with construction of the mine completed ahead of schedule.
The first gold pour coincided with Fiji Day on October 10, 2023. A ceremonial first gold pour was conducted on site with over 900 members of local communities, businesses, employees and government officials in attendance. Located on the island of Viti Levu, Tuvatu is envisioned as a low-cost, high-grade underground gold mining operation with exploration upside. The project is fully permitted and is currently in the drilling stage to define and expand the known mineralization, with a view of upgrading the resource model.
Shares of Lion One Metals were up 4.4% as of noon EDT Tuesday, giving the company a market capitalization of C$193.3 million .How to turn mine tailings into healthy soil
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