Fiji’s next gold producer will invest a further FJ$100 million in its Tuvatu project, as it ramps up production.

Today marks a significant celebration for Canadian-registered Lion One Metals Limited, as it officially celebrates extension of its mining lease to January 2036.

As Fiji’s next high grade gold mine, it anticipates receipt of its first revenue by late next year, when it commences production – 17 years after it was founded by Wally Berukoff, a respected leader in the global mining industry, who is also Chief Executive Officer and chairman of Lion One.

Mr Berukoff, a Canadian, is in the country for another site inspection, and will lead the celebrations at the alkaline gold project’s test facility in Sabeto.

The project, in Nadi, has delivered drilling results of tremendous potential. Lion One is a four-time listed entity with a market capitalisation of over CAD$200 million (FJ$340 million).

It is listed on the Toronto Stock Exchange Venture, Australian Stock Exchange, the American financial market’s Over-the-counter (OTC) Markets Group, and in Frankfurt.

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