Lake Victoria Gold confirms strong rock conditions at Imwelo, advancing pit design and mine planning in Tanzania

Lake Victoria Gold completed a geotechnical review at its Imwelo Gold Project in Tanzania, confirming strong rock conditions at depth and refining slope design for the mine. The findings support an optimized pit design that balances safer slopes near the surface with steeper, stable walls deeper down, potentially lowering mining costs. The company is integrating these results into final pit design, mine scheduling, and infrastructure planning as it moves toward a construction-ready stage. Next steps include finalizing the pit design and advancing site development and financing efforts.