Metals One Plc, a developer of critical and precious metals projects, holds a 30% stake in Lions Bay Resources and an option to acquire an additional 19.99%. On April 16, 2026, Metals One announced a business rescue plan for the Barbrook Gold Mine in Mpumalanga Province, South Africa.
The High Court has scheduled a hearing for October 12, 2026, to consider an application that seeks to set aside the rescue plan approved by Lions Bay Resources. Lions Bay has stated that it has substantially implemented the plan and aims to resume full mining operations later in 2026.
A separate court application to remove the current Business Rescue Practitioner was postponed to January 7‑8, 2027 after the Tribal Authority, the mine’s landowner, and security firm Belvipoint intervened. Both entities oppose the removal and support the rescue plan endorsed by Lions Bay.
Metals One focuses on gold and uranium projects, and its involvement in the Barbrook mine underscores its strategic interest in the South African mining sector.
