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Lion One Produces 5,704 Tonnes at 10.60 g/t Gold from First Shrinkage Stope at Tuvatu and Increases Underground Development Rates by 70%
North Vancouver, British Columbia--(Newsfile Corp. - October 2, 2025) - Lion One Metals Limited ...
About this update from Lion One Metals Limited
[{"type":"text","content":"Lion One Produces 5,704 Tonnes at 10.60 g/t Gold from First Shrinkage Stope at Tuvatu and Increases Underground Development Rates by 70%North Vancouver, British Columbia--(Newsfile Corp. - October 2, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (\"Lion One\" or the \"Company\") is pleased to provide an update on mining operations at the Company's 100% owned Tuvatu Alkaline Gold Project in Fiji.The Company's first shrinkage stope has been a success. A total of 5,704 tonnes of material has been mined from the shrinkage stope, at an average grade of 10.60 g/t gold. Most of the shrinkage stope production occurred from July to September and was blended with material from other parts of the mine. The Company's second shrinkage stope is now in development with production anticipated to begin in November. The second shrinkage stope is expected to be twice as large as the first.The Company has also increased overall development at Tuvatu by approximately 70% from January to September 2025. Overall development meters per month increased from 330.8 meters in January to 563.9 meters in September (Figure 1). This is a significant improvement as it enables the Company to accelerate the development of production stopes and workplaces underground. The Company expects that the increased development rates are sustainable and may be further improved upon with the arrival of additional mining equipment.Lion One Metals' CEO Ian Berzins stated: \"We're very pleased both with the success of the shrinkage stope and with the increased development rates at Tuvatu. These achievements have been made possible because of the new mining equipment and operational improvements initiated on site over the past several months. We're excited for the next shrinkage stope to come online and for the arrival of still more new mining equipment as we continue to advance operations at Tuvatu.\"Shrinkage StopeThe Company's first shrinkage stope is located near surface in Zone 2 in the northwest part of Tuvatu. It targeted a section of the Ura1 lode that is approximately 62 m long, 24 m tall and 1.5 m wide. Development of the shrinkage stope was completed in June, and production started in July. Production from the shrinkage stope has been a major success with a total of 5,704 tonnes of material mined at an average grade of 10.60 g/t gold. Production from this...