Lake Victoria Gold Advances Imwelo Infrastructure Amid Strong Gold Market Conditions

Lake Victoria Gold Ltd., a Tanzanian gold developer, has made significant progress at its Imwelo project. The company has completed initial repairs on the 14-kilometer access road and advanced earthworks at multiple areas.

The construction camp is substantially finished, including electrical systems, drainage, bathrooms, and water system testing. This will serve as a build-once facility for both construction and later operations.

The project has a valid mining license and is fully permitted for construction and production. The company aims to start construction in the third quarter of 2026 and first gold in 2027, subject to successful financing and execution.