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GlobeNewswire·

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

  • Lion One Metals reported preliminary Q3 2026 results for the Tuvatu Gold Mine with 3,796 oz of recovered gold at a 4.3 g/t head grade.
  • Total quarterly gold production reached a record 4,678 oz when including 882 oz from inventory draw-down & carbon shipments.
  • Gold recovery increased 15% quarter-over-quarter & 39% compared to the March 2026 quarter.
  • Mill operations processed 32,588 tonnes with 95.1% utilization & 83.8% recovery.
  • Underground mine development totaled 1,539 m, comprising 359 m capital development & 1,181 m operating development.
  • Safety metrics showed a TRIF of 1.83, down from 4.37 in the previous quarter.
  • A new Boart Longyear LM90 underground core drill is now operational to support resource expansion in Zone 500 & the West Zone.
  • The Company engaged Global One Media for a six-month digital communications contract at a total cost of USD $39,000.
  • QAQC procedures include on-site logging, pulverization to 75 microns, fire assay with AA finish, & check assays by ALS Global Laboratories.