Lion Copper and Gold Corp. Yet ! Macarthur PropertyLion Copper and Gold Corp.
Management's Discussion and Analysis
For the year ended December 31, 2021
MacArthur Copper Project and Yerington Mine Property,
Nevada
Located in the historic copper district of Yerington, Nevada, the Company's Yerington Copper Projects include the MacArthur
Copper Project and Yerington Mine Property, which are 100% owned by Singatse Peak Services LLC, a wholly-owned
subsidiary of Lion CG.
The MacArthur Property consists of 897 unpatented lode claims totaling approximately 18,500 acres on lands administered by
the U.S. Department of Interior - Bureau of Land Management (BLM).
Lion CG has a National Instrument 43-101 compliant resource and has released a preliminary economic assessment for the
MacArthur Project.
The MacArthur Project is subject to a 2% net smelter return royalty (the "NSR") upon commencing commercial production,
which can be reduced to a 1% NSR in consideration of $1,000,000.
The Yerington Mine Property covers approximately 11 square miles centered on the former Anaconda open pit copper mine.
This includes 2,768 acres of fee simple parcels and patented mining claims as well as 208 unpatented lode and placer claims
totaling approximately 4.300 acres on lands administered by the BLM.
Lion CG has a National Instrument 43-101 compliant resource for the Yerington Mine Property and believes that the project
has potential for additional copper resources. Historic and current drilling data indicate that horizontal and vertical limits to the
mineralization at the Yerington Mine Property have not yet been found.
The Yerington Mine Property is subject to a 2% NSR upon commencing commercial production. The total lifetime royalty is
capped at $7,500,000.