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 > PP closed

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Comment by cyber37on Sep 22, 2022 10:20am

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Post# 34978807

RE:PP closed

For existing shareholders this PP is a major kick in the face & will come to bite this management in the future. I was hoping that LIO would follow KNT (K92 mining) that build the mine in the PNG by self-financing but no….LIO decided to exploit existing shareholders instead. Additionally I don’t see a one consistent plan for moving forward here or more specific plan for this ‘desperate looking’ placement.
G37

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