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

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lion-one-reports-3-796-oz-in-quarterly-gold-recovery-delivery-of-lm90-undergroun--1dd256b2-f57c-474d-8f23-af9a67de2970

Original source: https://www.globenewswire.com/news-release/2026/10/20/3384403/0/en/lion-one-reports-3-796-oz-in-quarterly-gold-recovery-delivery-of-lm90-underground-drill.html

Publisher: globenewswire

Original announcement: 2026-10-20T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-20T14:35:04.624Z

Atlas analysis updated: 2026-10-20T14:35:04.624Z

- Company: Lion One Metals Limited

- Ticker: LIO

- Exchange: Unavailable

- Region: Fiji

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Production, Metallurgy

- Extracted: 2026-10-20 14:35:05 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, representing a 15% increase over the previous quarter. The results were bolstered by an 882 oz draw-down from gold inventory and carbon shipments, alongside strong mill utilization of 95.1%.

Reasoning: The company reported record quarterly gold production driven by increased throughput and inventory draw-down, despite a slight dip in recovery percentage and development meters.

- Positive factor: 15% increase in gold recovery production QoQ

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

- Positive factor: Strong mill utilization of 95.1%

- Positive factor: Continuous improvement in safety TRIF metrics

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

- Negative factor: Underground development down 7% QoQ due to equipment availability

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 the project.

Evidence · text

> total production of 4,678 oz of gold during the quarter . ... a record quarterly gold delivery from Tuvatu.

**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-reports-3-796-oz-in-quarterly-gold-recovery-delivery-of-lm90-undergroun--1dd256b2-f57c-474d-8f23-af9a67de2970#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 mill recovery for the period ending Sept 30, 2026.

- Positive factor: Strong recovery of 83.8%

- Negative factor: 1% drop from previous quarter's 84.9%

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-reports-3-796-oz-in-quarterly-gold-recovery-delivery-of-lm90-undergroun--1dd256b2-f57c-474d-8f23-af9a67de2970#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 mill recovery for the period ending Sept 30, 2026.

- Positive factor: Strong recovery of 83.8%

- Negative factor: 1% drop from previous quarter's 84.9%

Evidence · table

> 83.8

Context: 30-Sep-26

## 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.