SUNBIZ

World Class Laboratory To Boost Exploration Works At Tuvatu Gold Mine

Lion One Limited has already invested over $100 million since 2008 for the Tuvatu Gold Mine and this was expected to double by the time the mine comes into production.
14 Dec 2019 17:14
World Class Laboratory To Boost Exploration Works At Tuvatu Gold Mine
Minister for Lands and Mineral Resources Ashneel Sudhakar with Lion One staff during the Commissioning of the New Lion One Limited Laboratory and Presentation of Navilawa Spl 1512 License on December 13, 2019. Photo: Charles Chambers

Lion One Limited has already invested over $100 million since 2008 for the Tuvatu Gold Mine and this was expected to double by the time the mine comes into production.

Minister for Lands and Mineral Resources Ashneel Sudhakar officiated during the commissioning of Lion One Limited’s new world class Geochemical Assay and Metallurgical Laboratory in Nadi yesterday.

He said: “Lion One has spent well in excess of FJ$4 million to bring this world class facility to Fiji and has made a longstanding commitment to Fiji via the exploration and development of the Tuvatu project.

“Presently, gold and nine other potentially commercial elements are being analysed, however the lab has the ability to analyse a range of 36 different elements.

“The facility will also be utilised to conduct metallurgical optimization test work including flotation and leaching, water analysis, and micro-testing of fluids.”

Mr Sudhakar said today’s business environment was more competitive than ever and the survival often rested on a thin edge of higher efficiency than competition.

“This is where better information technology provides the basis of improved decision making.”

About the laboratory

The laboratory is strategically located at its headquarters about a kilometre from the Nadi International Airport.

The laboratory will service the company’s exploration, resource definition, and development activities on its 100 percent owned and fully permitted Tuvatu gold project and surrounding exploration tenements, located 16km away, in the nearby Navilawa volcanic complex in the upper Sabeto Valley.

It will also cater for third party analysis.

It is equipped with the best equipment available from the United States and Australia and will be able to undertake gold analysis by fire assay with atomic absorption spectrometry (AAS) finish.

It offers to deliver geochemical assaying for a large range of other elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES).

At the beginning of 2019, Lion One purchased all the assets of local diamond drilling company Geodrill and rather than losing these valuable assets and consequent unemployment, Lion One acquired their assets and personnel.

Mr Sudhakar said this meant the company can continue to undertake cost effective, efficient and productive exploration and resource definition drilling, and now geochemical analysis while keeping most of the required services in- country.

He added that a recent review showed Tuvatu had the potential to host in excess of 10 million ounces of gold.

“When these types of mineralised systems are found worldwide, they invariably host world class gold deposits.

“The granting of the Navilawa tenement after a competitive tender process was integral to the long term commitment of the Company in Fiji.

“There is no other better time than today to also officially hand over the Navilawa Special Prospecting Licence document (SPL 1512) to Mr Mann and Lion One Limited.

“With the addition of Navilawa SPL1512 to the Lion One tenement portfolio, the Company now holds approximately 140km2 of the caldera and adjacent ground, an area believed to be significant in terms of potentially hosting more gold mineralisation.

Mr Sudhakar said the support from landowners was important to the future of the mines and has committed to employing locals wherever possible

Feedback: maraia.vula@fijisun.com.fj

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