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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  LOMLF | V.LIO.WT

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.


TSXV:LIO - Post by User

Post by Frozengoldwaition Jan 11, 2024 11:41am
318 Views
Post# 35821553

Filling the Mill

Filling the Mill If a mill can do 300tpd doesn't mean they run it at capacity. That is only if the moon and stars are lining up.
There is a bunch of stuff they don't want a news release about, even if it is a normal course of comissioning a mine.

The stock pile can feed it that much, but if the recoveries are not up they will run it at a lower rate until they get it figured out.  The new guy is tasked with that.  Otherwise a bunch of gold runs out into the tailings.  They shouldn't  mill tons just for tons sake.  That is what PGM was doing.

Even after they get the recoveries up to par,  with only a couple of headings producing it will be difficult to produce that much high grade ore.  They need to get numerous headings happening and some additional haul trucks to get the ore to mill. 

The mine is procceding  and will get there,  just not tommorrow. 

Still waiting LOL


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