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Lion One Metals Ltd V.LIO

Alternate Symbol(s):  V.LIO.WT | LOMLF

Lion One Metals Limited is a Canada-based exploration company. The Company is engaged in the business of mineral exploration and evaluation and is primarily focused on the acquisition, exploration and evaluation of mineral resources in Fiji. The Company owns 100% of Tuvatu Alkaline Gold Project, which is located approximately 24 kilometers northeast of the town of Nadi on the island of Viti Levu in the Republic of Fiji. The area surrounding the Tuvatu gold deposit and resource area is covered by approximately three-square kilometers of special mining lease (SML 62), with the broader project area covered by approximately 13,613 hectares of special prospecting licenses (SMLs 1283, 1296, 1465 and 1512), covering the balance of the Navilawa caldera. The SML 62 provides rights for the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu. The Company holds over four exploration licenses (SPLs) for the Tuvatu properties.


TSXV:LIO - Post by User

Bullboard Posts
Comment by goldstockbullon Jun 29, 2018 2:45pm
199 Views
Post# 28253137

RE:RE:Questions for Management?

RE:RE:Questions for Management?Hi Tony,

Here are replies to your questions from Wally:

As announced, we are targeting completion for Q3, which will be followed by drawdowns for major equipment purchases. The agreement has three facets: the financing facility, the EPC contract, and the off take agreement. These are all progressing through the documentation process towards definitive agreements. 


We have been using our Twitter feed to broadcast updates of the bulk earthworks onsite. We have two huge crushers providing crushed material for the gabion retaining walls and are doing the cut & fill for the five levels of terrain at the plant site and the pads foundation. We’re also building two major bridges, and the access road around the plant site. We’ll provide further guidance on construction timelines when the major equipment purchases are completed and the initial capital drawdowns begin, following the completion of the financing. We are also currently building our own assay lab facility at our head office compound near the Nadi airport.

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https://goldstockbull.com

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