Permits, Plants, and Production: 5 Gold Stocks Hitting Major Execution Milestones
Lake Victoria Gold pivots toward production via low-capex processing partnerships while extending high-grade targets at depth.
The latest news (December 18–22, 2025) reports high-grade gold grab samples from artisanal sites at the Tembo Project in Tanzania, with results reaching 35.45 g/t Au. These results are being used to define priority drill targets for a 3,000m program scheduled for Q1 2026. Simultaneously, the company is advancing a non-binding Letter of Intent (LOI) with Nyati Resources for the use of a 500 tonne-per-day (tpd) Carbon-In-Pulp (CIP) plant located on one of LVG's licenses. This follows mid-December drill results from the Imwelo Project that confirmed mineralization extends beyond the current pit design to depths exceeding 250 meters, with intercepts such as 9.31 g/t Au over 2.45m.
The news reflects a strategic shift from pure exploration to a "dual-track" execution model. - Tembo Project: The surface high-grade samples (up to 35.45 g/t) are encouraging but selective; their primary value is in de-risking the upcoming Q1 2026 drill program rather than defining a resource. - Production Pathway: The partnership with Nyati Resources is the most material development. By utilizing existing third-party infrastructure (the 500 tpd plant), LVG is attempting a low-capex entry into production. However, as the news notes, there is no Feasibility Study (FS) in place, which significantly increases the technical and economic risk of this production decision. - Resource Expansion: Confirming that Imwelo remains open at 250m depth suggests the project has more scale than previously modeled, potentially supporting an underground phase in the future.
Lake Victoria Gold Ltd. (formerly Tembo Gold) focuses on gold projects in the Lake Victoria Goldfield of Tanzania. - Flagship Project: Imwelo Gold Project, located 12km from AngloGold Ashanti’s Geita Mine. It is fully permitted for construction and production. - Secondary Project: The Tembo Project, adjacent to Barrick’s Bulyanhulu Mine. It is characterized by high-grade targets and a large historical exploration database. - Strategy: Developing "starter pits" using low-capex strategies and third-party processing to generate cash flow for larger-scale exploration.