Blue Lagoon talks Dome milling work by partner Nicola

Executive Summary

• Nicola Mining has processed ~2,954 dry tonnes of Dome Mountain ore, yielding over 210 dry tonnes of gold‑silver concentrate with a 93.4 % gold recovery.
• The processing represents nearly 3,000 tonnes of material and supports ongoing cash‑flow generation for Blue Lagoon Resources.
• Approximately 1,828 tonnes of unprocessed ore remain on stockpile, indicating continued production capability in the near term.

Key Details

• Processed 2,954 dry tonnes of high‑grade Dome Mountain material at Nicola’s Merritt mill (average feed grade = 9.7 g/t Au, 35.6 g/t Ag).
• Produced >210 dry tonnes of gold‑silver flotation concentrate:
• 188 tonnes physically bagged and ready for shipment to Ocean Partners.
• ~22 tonnes held in circuit stock tanks (in‑process inventory).
• Achieved an excellent gold recovery of 93.4 % in the flotation mill.
• Remaining 1,828 dry tonnes of mineralized material on Nicola’s stockpiles as of March 17 2026, slated for future processing.
• Mill upgrades: second concentrate filter commissioned; second concentrate thickener expected to be operational shortly, enhancing handling capacity and plant uptime.
• CEO Rana Vig highlighted that the results “continue to build cash flow” and anticipate further shipments in the coming weeks.

Notable Quotes

“We are very encouraged by the consistent production results from Nicola's mill and the excellent gold recovery from our Dome Mountain material… we continue to build cash flow.” – Rana Vig, President & CEO, Blue Lagoon Resources.