Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

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<ul>
<li>LVG’s weathered-ore metallurgical testwork identified attrition scrubbing plus desliming as the preferred treatment route for the clay-rich, near-surface material within Area C at its Imwelo Gold Project.</li>
<li>The route lifted 24-hour gold extraction from agitated-leach testing from 49.99% on as-received material to 84.54%, with bottle-roll recovery of up to 88.15% on the pretreated fraction.</li>
<li>Pretreatment also improved gravity recovery (12.78% to 21.25%) and slurry handling, and complements the March 2026 program that returned ~96-97% recoveries on deeper transitional and fresh material.</li>
</ul>


LVG’s weathered-ore metallurgical testwork identified attrition scrubbing plus desliming as the preferred treatment route for the clay-rich, near-surface material within Area C at its Imwelo Gold Project.
The route lifted 24-hour gold extraction from agitated-leach testing from 49.99% on as-received material to 84.54%, with bottle-roll recovery of up to 88.15% on the pretreated fraction.
Pretreatment also improved gravity recovery (12.78% to 21.25%) and slurry handling, and complements the March 2026 program that returned ~96-97% recoveries on deeper transitional and fresh material.


LVG: Additional Metallurgical Testwork Proves Positive

<ul><li>What you need to know: • LVG reported high-grade, near-surface drill results from Area C, its planned initial open-pit at the Imwelo Project, headlined by 28.71 g/t Au over 2.75m and 12.20 g/t Au over 4.5m.</li><li> • Both intercepts start shallow (21m and 32m) in weathered material, with individual vein samples up to 142.90 g/t and 124.83 g/t Au. • Whole-core from the eight holes are undergoing weathered-ore metallurgical testwork to finalize the Area C flowsheet.</li><li>• The work feeds directly into pit design, grade control and plant configuration as Imwelo advances through construction.</li></ul>

What you need to know: • LVG reported high-grade, near-surface drill results from Area C, its planned initial open-pit at the Imwelo Project, headlined by 28.71 g/t Au over 2.75m and 12.20 g/t Au over 4.5m. • Both intercepts start shallow (21m and 32m) in weathered material, with individual vein samples up to 142.90 g/t and 124.83 g/t Au. • Whole-core from the eight holes are undergoing weathered-ore metallurgical testwork to finalize the Area C flowsheet.• The work feeds directly into pit design, grade control and plant configuration as Imwelo advances through construction.

LVG: High-Grade Results and Met Program at Area C

<ul>
<li>LVG delivered a maiden resource at its 100%-owned Tembo Project, adjacent to Barrick’s Bulyanhulu Mine, consisting of 480.1Koz Inferred and 99.7Koz Indicated for ~580Koz in total.</li>
<li>Ngula 1 hosts a higher-grade core (331.7Koz Inferred at 2.15 g/t Au and 68.6Koz Indicated at 2.00 g/t Au, at a 1.0 g/t cut-off) and is the likely feed source for near-term toll-milling via the Nyati plant.</li>
<li>We are raising our target price to $0.65/share (prev.</li>
</ul>


LVG delivered a maiden resource at its 100%-owned Tembo Project, adjacent to Barrick’s Bulyanhulu Mine, consisting of 480.1Koz Inferred and 99.7Koz Indicated for ~580Koz in total.
Ngula 1 hosts a higher-grade core (331.7Koz Inferred at 2.15 g/t Au and 68.6Koz Indicated at 2.00 g/t Au, at a 1.0 g/t cut-off) and is the likely feed source for near-term toll-milling via the Nyati plant.
We are raising our target price to $0.65/share (prev.


LVG: Reports Maiden Resource at Tembo Gold Project

<ul><li>What you need to know: • LVG is commencing a Phase 3 land valuation and compensation program at its fully permitted Imwelo Gold Project, covering ~73 acres required for accommodation, workshop, and supporting mine infrastructure.</li><li> • Phase 3 will begin on August 1st, adding to the 268 acres secured in Phase 1 (2019) and the 185 acres in Phase 2 (2023), for a combined ~526 acres.</li><li> • The news arrives days after LVG announced the Phase 1 earthworks program, marking the start of physical construction at Imwelo.</li></ul>

What you need to know: • LVG is commencing a Phase 3 land valuation and compensation program at its fully permitted Imwelo Gold Project, covering ~73 acres required for accommodation, workshop, and supporting mine infrastructure. • Phase 3 will begin on August 1st, adding to the 268 acres secured in Phase 1 (2019) and the 185 acres in Phase 2 (2023), for a combined ~526 acres. • The news arrives days after LVG announced the Phase 1 earthworks program, marking the start of physical construction at Imwelo.

LVG: Continued Advancement at the Fully Permitted Imwelo Project

<ul>
<li>LVG completed a sterilization drill program confirming that the proposed plant and accommodations footprints are clear of significant mineralization.</li>
<li>The results support the advancement of Phase 1 construction, including site clearing, access road upgrade and accommodation camp installation.</li>
<li>LVG closed its non-brokered convertible debenture financing for proceeds of $3.8M and strengthened its in-country Tanzanian leadership team.</li>
</ul>


LVG completed a sterilization drill program confirming that the proposed plant and accommodations footprints are clear of significant mineralization.
The results support the advancement of Phase 1 construction, including site clearing, access road upgrade and accommodation camp installation.
LVG closed its non-brokered convertible debenture financing for proceeds of $3.8M and strengthened its in-country Tanzanian leadership team.


LVG: Sterilization Drilling Clears Way for Construction

Canada

Lake Victoria Gold Ltd. provides exploration and mining services. The Company explores and develops gold projects in Tanzania and the rest of Africa.

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Lake Victoria Gold (LVG CN)

LVG: Additional Metallurgical Testwork Proves Positive

The route lifted 24-hour gold extraction from agitated-leach testing from 49.99% on as-received material to 84.54%, with bottle-roll recovery of up...

Atrium Research

LVG: High-Grade Results and Met Program at Area C

What you need to know: • LVG reported high-grade, near-surface drill results from Area C, its planned initial open-pit at the Imwelo Project,...

Atrium Research

LVG: Reports Maiden Resource at Tembo Gold Project

LVG delivered a maiden resource at its 100%-owned Tembo Project, adjacent to Barrick’s Bulyanhulu Mine, consisting of 480.1Koz Inferred and 99.7Koz...

Atrium Research

LVG: Continued Advancement at the Fully Permitted Imwelo Project

What you need to know: • LVG is commencing a Phase 3 land valuation and compensation program at its fully permitted Imwelo Gold Project, covering...

Atrium Research

LVG: Sterilization Drilling Clears Way for Construction

LVG completed a sterilization drill program confirming that the proposed plant and accommodations footprints are clear of significant mineralization.

Atrium Research

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