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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

Post by ctoivoon Nov 17, 2021 5:51pm
235 Views
Post# 34138316

Gittin Ready to mine

Gittin Ready to minePosted by @tommys      
some more construction info from the latest MD&A
 
Mine Development Optimization / Surface Development
 
During the quarter ended in September 30, 2021, the Company continued to optimize the mine plan and cost estimates are under way. The Environmental Impact Assessment (EIA) update for the overall project, including mining, process plant and surface infrastructures is on-going. Local community consultations have been conducted by the Company and independent consultation by government agencies were carried out in October. Planning and design of surface infrastructure for mine development, including main portal, mine workshop at main portal, mine dry, and site office have been initiated. In July 2021, the Company purchased mining equipment for the planned future mine development including: a Tamrock Single Boom Jumbo, a Caterpillar R1300 LHD Loader and a Manitou ST1030 Telehandler which arrived to Fiji in October 2021.
 
The construction of the Bay 2 exploration workshop at the mine site area has completed. The modified container modules for the Bay 1 exploration workshop have also been installed on foundations and installation of roof trusses are on-going. The Caterpillar 910KVA diesel generator and transformer purchased to replace the existing 388KVA power plant at the existing portal have been installed and commissioned. The installation of leaky feeder communication system for the underground development and drilling at the existing decline has completed and put into use.


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