Blue Lagoon Resources Reaches Production Milestone with First Mineral Shipment to Mill

Blue Lagoon Resources Inc. has delivered its initial 1,000 tonnes of mineralized material from its Dome Mountain gold mine to its milling partner, Nicola Mining, with processing expected to commence by the end of this week. This delivery represents a significant operational milestone in the company's transition from a pre-revenue entity to a revenue-generating gold producer, occurring during a period of historically strong gold market conditions.

The commencement of processing is a pivotal step for Blue Lagoon as it moves toward generating revenue from gold production. Rana Vig, President and CEO of Blue Lagoon, stated that this delivery marks a key de-risking milestone and sets the stage for the company's major transition. With the initial tonnage now delivered, the company's near-term priority shifts to consistent execution—delivering mineralized material, supporting steady processing, and progressing through the early production cycle in a disciplined manner.

This development is important because it demonstrates tangible progress in Blue Lagoon's operational timeline toward first gold sales, targeted for the fourth quarter of 2025. The company's production decision is based on existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource, rather than a feasibility study of mineral reserves, which carries inherent uncertainties. The company achieved a major permitting milestone in February 2025 with the granting of a full mining permit—one of only nine issued in British Columbia since 2015—and has since commenced underground mining operations.

In addition to the milling milestone, Blue Lagoon has signed a lease for a new facility to host its own assay laboratory, with equipment procurement already underway. Establishing an in-house assay lab is expected to shorten assay times and provide quicker, more accurate information to the underground team, potentially accelerating mining decisions and operational efficiency. The company operates in what it describes as one of the world's most attractive mining jurisdictions and plans to reinvest internally generated cash flow into near-mine and regional exploration beginning in the first half of 2026 to expand its resource base.

The implications of this announcement extend to investors and the mining sector, as successful processing and revenue generation could validate Blue Lagoon's operational strategy and provide a model for other junior mining companies. The company's progress also highlights the ongoing activity in British Columbia's mining industry, where only nine full mining permits have been issued since 2015. As milling begins, Blue Lagoon expects to provide additional updates on operational progress, including ongoing deliveries and processing timelines. Further information about the company can be found in its public disclosure filings available through regulatory channels.