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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

Lion One Metals Ltd > Question....Great drill results but...
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Comment by ctoivoon Nov 22, 2022 11:16am
171 Views
Post# 35118782

RE:Question....Great drill results but...

RE:Question....Great drill results but...Tuvatu has been very well studied.

In midyear 2000 Emperor received an independent Definitive Feasibility Study (DFS) for their Tuvatu operation..
 
The DFS was positive, demonstrating a commercially viable underground gold mine.  (This was at an inflation adjusted gold price of US $400!) .  Emperor commissioned numerous engineering studies utilizing its own expertise and that of recognized consulting firms .

Emperor was figuring on mining 80,000 oz per year or more.
 
The report also provided JORC compliant initial reserves and resources totaling 809,000oz at impressive grades between 6.6 and 10.3 grams per tonne (g/t).

Much more has been found in the last 20 years of course.

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