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.

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Lion One Metals Ltd

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Post by WisGuy1on Oct 10, 2022 8:47am

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Post# 35015505

From last week's Roth Capital Partners coverage report

LIO: Exploration Guides Mine Plan

LIO is nearing production at its Tuvatu gold mine in Fiji, which may place it among the highest-grade gold mines in the world. Tuvatu is an orogenic gold deposit with potential to extend vertically over a kilometer. LIO owns a modern assay lab and eight drill rigs, which accommodates flexible and low-cost exploration. It de-risked the project by completing a financing and balancing its construction budget. LIO anticipates updating its resource estimate in 1Q23 and commencing production in 1Q24.

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