Lion One Metals Ltd V.LIO

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

Metals & Mining Gold

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.

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Lion One Metals Ltd > Time for another gold pour?

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Comment by 2b7f6fabon Jan 22, 2024 9:10am

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Post# 35838648

RE:RE:Time for another gold pour?

All true, but Q3 is only six months away. Ramping up to 500/tpd and mining milling the 500 zone should throw off a lot of cash flow. glta.

roberto146 wrote: I commented 1/4/24: "Not a peep since about more pours during ramp up, which should have been running at 300 tpd (65 oz/day Au?) for a couple of months now during commissioning."

I can see the error in my assumption now (and also someone at Ceo.ca). According to this news release most ore extraction is developmental, with probable negligible gold production. Possibly there will be something to help pay the bills. The 'follow the mineralization' and handheld extraction idea may result in some extra yield.
So until end-Q3 and 500tpd it seems expectations should be reduced for any meaningful production.