A 'buy' ratingLion One Metals (LIO.V; LOMLF.OB; C$0.51) recently consolidated the district-scale potential around its Tuvatu gold project in Fiji. It did so courtesy of a Special Prospecting License on the Navilawa Caldera that adjoins Tuvatu. The concession adds 102 square kilometers of license area and brings Lion Ones total continuous holdings in the area to more than 200 square kilometers. The caldera hosts an extensive mineralized system both within and outside its 7-kilometer rim. To date, 11 gold and copper-gold prospects have already been identified on the property. This is a big acquisition for Lion One, as it gives the company a ton of exploration blue sky to go with the advanced-stage development project at Tuvatu. The companys share price perked up on the news, but has since fallen prey to the gravitational pull of tax selling season. For those looking for a story thats an attractive hybrid of development and exploration, Lion One is trading at levels that have convinced me to move it from a hold to a buy.