Lake Victoria completes land disclosure for Imwelo project

Lake Victoria Gold Limited (TSXV:LVG) disclosed key details regarding the Phase 3 land valuation and compensation process for its Imwelo Gold Project in Tanzania's Geita Region on Tuesday. Officials met with affected individuals over the weekend and on Monday to finalize the valuation documentation, with most landholders signing the required paperwork. This progress positions them to receive compensation once final approval is granted. The program started on August 1, 2026, five weeks prior to the meetings.

Field valuation, property inspections, and land measurements were conducted with village leaders supervising. During the disclosure, each landholder reviewed verified property records and confirmed their accuracy before signing documents like entry permits, inspection forms, Land Form No. 69, disclosure forms, and land measurement forms. The program was extended at landholders' request to acquire full properties, as smaller portions would have been insufficient for their livelihoods.

The government valuation team is currently preparing the final Phase 3 valuation report, which must be endorsed by the Chief Government Valuer in Tanzania's Ministry of Lands before compensation can be disbursed. The valuation process in Tanzania is governed by the Mining Act, Land Act, and Village Land Act, ensuring a legal framework for such operations.

The Imwelo Gold Project is fully permitted and situated in Chato District. However, the company has not completed a feasibility study to demonstrate the economic and technical viability of its mineral reserves.