Lion One announced the start of its phased Mill Expansion at Tuvatu, lifting plant capacity from 300tpd to 700tpd.
Phase 1 carries a modest $1.9M capex and is expected to add ~2,100oz of gold per year (~$11.8M of annual revenue at current prices), with a three-month payback and completion targeted for March 2027.
LIO appointed Shayla Forster as Corporate Secretary, following last week’s appointment of Ronan Geoghegan as VP Corporate Development and IR.
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