Lion One Metals Ltd V.LIO

A Rarefied Investment

[nozzpack]

My analyses indicate that whether it's Zone 2 or zone 5 or zone 500, gold grades are well above the world average of just under 1.5 grams per ton .

And average gold grades around the world are declining.
In short, it's becoming much more difficult to find not only high grade deposits of the order of 10 grams per ton but ultra high grade gold approaching 1 ounce per ton almost impossible .

My estimates of these three zones range from 20 grams per ton to 1 ounce per ton.

Reviewing the progress towards fully implemented stope mining and reaching 500 tpd milling capacity, we are one year ahead of the initial objective of 2025.

Also, we are moving out of the low grade stockpile and development commissining grades to the ultra high grades defined by grade control above, and getting closer to the high grade feeder zone 500

I am very pleased to be aboard this high grade mine that would rank in the top 5% by grade of gold mines in the world .

[Puma1back]

Good summary but they do not to significantly increase the proven & probable    hopefully they can move those posts more quickly 

[nozzpack]

Current and planned drilling is both infill, grade control and extensional . This should have sufficient drilling sampling density to convert most of the 43-101 resource categories to Reserves category and Measured. Also, mining resukts itself will convert to Reserves......and higher grades will add ounces     

[sinusoid]

Hey Nozz, glad to see you here, and happy that our thinking is aligned here just as it has been for years on MMY