Lion One starts C$ 1.9 million Tuvatu mill upgrade to lift capacity to 400 tpd

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Reuters2026/07/21 13:07

By:Reuters

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Lion One Metals started Phase 1 of a mill expansion at the Tuvatu Gold Mine in Fiji, targeting 400 tpd from 300 tpd by end-Q1 2027.
Phase 1 centers on a filtered tailings upgrade that doubles filtration capacity, addressing the plant’s main processing bottleneck.
Capital spending set at C$ 1.9 million; incremental annual operating costs estimated at C$ 230,000.
Output uplift estimated at 2,100 oz of gold per year; additional revenue projected at C$ 11.8 million annually at US$ 4,000/oz.
Payback expected within three months of operation; the broader phased plan targets 700 tpd with total capex of C$ 13.5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lion One Metals Limited published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lion One starts C$ 1.9 million Tuvatu mill upgrade to lift capacity to 400 tpd

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