Lion One Metals Ltd V.LIO

Alternate Symbol(s): V.LIO.W | 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

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Post by nozzpackon May 15, 2024 8:41am

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Post# 36040679

7000- 8000 ounces in Q2…$23 million in revenues

1200 ounces up to May 10.

400 tpd for May 15 to June 30 = 18000 tons of ore.

Grade ?

Its increasing rapidly and the recent very high grade near surface drill resukts were stated to be mined this quarter.
I chose 10 grams which is 5800 ounces.

About 600 ounces of dore were in inventory which will be sold in Q2.

This brings total ounces available for sale in Q2 to be about 7500 ounces.

Current POG is $3250 cad per ounce, so about $23 million cad in gross revenues in Q3

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