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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 ctoivoon Aug 14, 2015 9:47pm
144 Views
Post# 24020826

AISC

AISCAll in sustaining costs. I didn't realize until recently that the figure includes "the exploration, mine-development, and capital expenditures necessary to sustain current production levels.

So Lion's relatively low AISC includes exploration costs and there is certainly beaucoup prospects to explore.

For Lion ---
USD cash costs of $567 and AISC of $779 per oz.

GDX's top 17 component gold miners had average AISCs of $936
I asked the company about any financing progress and they said "
It’s being worked on…." I said "

Harrumph


Bullboard Posts