Lion One Metals Ltd V.LIO

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

Metals & Mining Gold

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.

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Lion One Metals Ltd

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Comment by Weebleon Oct 03, 2017 12:35am

88 Views

Post# 26769254

RE:RE:Future

Capex is supposed to be over $48 million. It is debateable how much money they will need (or in what form) until the construction contracts are rewarded. They already have the competing bids for tender. There is an old but good article here:

https://seekingalpha.com/article/4065987-lion-one-will-next-gold-mine-fiji

Note that they are negotiating for a larger land package and some things have changed since the above article so check out the later news releases and the latest corp presentation.

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