# Lion One Metals Reports 3,796 oz in Quarterly Gold Recovery, Delivery of LM90 Underground Drill

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lion-one-metals-reports-3-796-oz-in-quarterly-gold-recovery-delivery-of-lm90-und--6965796a-ae10-41fe-a232-d85762560c25

Original source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1480-tsx-venture/lio/213235-lion-one-reports-3-796-oz-in-quarterly-gold-recovery-delivery-of-lm90-underground-drill.html

Publisher: jmn

Original announcement: 2026-10-20T00:52:08.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-20T14:18:26.454Z

Atlas analysis updated: 2026-10-20T14:18:26.454Z

- Company: Lion One Metals Limited

- Ticker: LIO

- Exchange: TSXV

- Region: Fiji

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Production, Other, Metallurgy

- Extracted: 2026-10-20 14:18:27 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Lion One Metals reported record quarterly gold production of 4,678 oz at the Tuvatu Gold Mine in Fiji, representing a 15% increase over the previous quarter. The company also announced the arrival of a new LM90 underground drill to support resource expansion in the Zone 500 and West Zone.

Reasoning: The company reported record quarterly gold production and strong mill performance, though recovery and development meters saw slight quarterly declines.

- Positive factor: 15% increase in gold recovery compared to previous quarter

- Positive factor: Record quarterly gold delivery of 4,678 oz total production

- Positive factor: Strong mill utilization of 95.1%

- Positive factor: Arrival of new LM90 underground drill ahead of schedule

- Negative factor: 1% drop in gold recovery compared to previous quarter

- Negative factor: 7% decrease in underground mine development compared to previous quarter

- Negative factor: Equipment availability issues impacting capital development

Facts used in scoring: 2

## Classification and evidence

**Production Increase**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Gold recovery increased by 15% compared to the previous quarter.

Evidence · text

> This is a 15% increase in production compared to the previous quarter

**Record Production**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Total gold production of 4,678 oz is a record quarterly delivery for Tuvatu.

Evidence · text

> a record quarterly gold delivery from Tuvatu

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap\_leach route \("column leach"\)

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route \("gravity"\)

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Metallurgical Results (2)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/lion-one-metals-reports-3-796-oz-in-quarterly-gold-recovery-delivery-of-lm90-und--6965796a-ae10-41fe-a232-d85762560c25#fact-metallurgical-facts-0)

Tuvatu Gold Mine · gold

#### Identity

- Project: Tuvatu Gold Mine
- Commodity: gold
- Region: fiji
- Reported Region: Fiji
- Ticker: LIO

#### Test Work

- Sample: mill operations

#### Recovery

- Recovery: 83.8 %
- Head Grade: 4.3
- Head Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Reported quarterly production results for the Tuvatu Gold Mine.

- Positive factor: Strong throughput and utilization

- Negative factor: 1% drop in recovery vs previous quarter

Evidence · text

> 3,796 oz of gold recovered from mill operations

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/lion-one-metals-reports-3-796-oz-in-quarterly-gold-recovery-delivery-of-lm90-und--6965796a-ae10-41fe-a232-d85762560c25#fact-metallurgical-facts-1)

Tuvatu Gold Mine · gold

#### Identity

- Project: Tuvatu Gold Mine
- Commodity: gold
- Region: fiji
- Reported Region: Fiji
- Ticker: LIO

#### Test Work

- Sample: mill operations

#### Recovery

- Recovery: 83.8 %
- Head Grade: 4.3
- Head Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Reported quarterly production results for the Tuvatu Gold Mine.

- Positive factor: Strong throughput and utilization

- Negative factor: 1% drop in recovery vs previous quarter

Evidence · text

> 4.3 g/t gold average head grade

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.