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Lion One Metals Ltd V.LIO

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

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.


TSXV:LIO - Post by User

Bullboard Posts
Post by bobcat16on Apr 01, 2015 7:30am
147 Views
Post# 23585437

DITTO

DITTO
Landowners receive $700,000 for Tuvatu Gold Mine lease Tuesday, 31/03/2015 Lion One Metals compound at the Tuvatu gold project (Photo: northernminer) The Mataqali Nacokula of Natawa village and the Mataqali Nabouwalu of Korobebe in Nadi have received $700,000 as a premium payment after a 21 year lease was granted to the Canadian company Lion One Metal Limited for the Tuvatu Gold Mine. Leader of the Mataqali Nacokula, Milika Sura who owns majority of the mining land said they have received the largest share of the money. She said they have used part of the money to purchase a vehicle that will be used for the transportation of mine workers. Sura said they have also saved some money for their future generations. Leader of the Mataqali Nabouwalu, Apisai Ciriwai who owns a portion of the land said they have equally distributed the money to its members. Both the landowning units have certain conditions with the mining company which includes employment, education assistance, and assistance toward the two villages. Lion One Metals Limited has announced that it has been granted a Special Mining Lease for the Tuvatu Gold Mine in Nadi following an approval by the Ministry of Lands and Mineral Resources. CEO Walter Berukoff said this mining license provides them the exclusive rights to the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu and the surrounding lease area. The mining lease area covers 373 hectares of land. Story by Watisoni Butabua Landowners receive $700,000 for Tuvatu Gold Mine lease Tuesday, 31/03/2015 Lion One Metals compound at the Tuvatu gold project (Photo: northernminer) The Mataqali Nacokula of Natawa village and the Mataqali Nabouwalu of Korobebe in Nadi have received $700,000 as a premium payment after a 21 year lease was granted to the Canadian company Lion One Metal Limited for the Tuvatu Gold Mine. Leader of the Mataqali Nacokula, Milika Sura who owns majority of the mining land said they have received the largest share of the money. She said they have used part of the money to purchase a vehicle that will be used for the transportation of mine workers. Sura said they have also saved some money for their future generations. Leader of the Mataqali Nabouwalu, Apisai Ciriwai who owns a portion of the land said they have equally distributed the money to its members. Both the landowning units have certain conditions with the mining company which includes employment, education assistance, and assistance toward the two villages. Lion One Metals Limited has announced that it has been granted a Special Mining Lease for the Tuvatu Gold Mine in Nadi following an approval by the Ministry of Lands and Mineral Resources. CEO Walter Berukoff said this mining license provides them the exclusive rights to the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu and the surrounding lease area. The mining lease area covers 373 hectares of land. Story by Watisoni Butabua
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