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 > Back of the Envelope calcs:

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Comment by 2b7f6fabon Nov 03, 2023 12:03pm

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Post# 35715958

RE:Back of the Envelope calcs:

Is 4 to 7 grams a ton sufficient recovery to build an underground mine? Seems low considering the intercepts.

I suspect the mill will operate more than 300/days per year. The nominal GDP is only $6,000/yr so wages are fairly low. Seems like they could have staggered shifts to keep it operating more than 5 days week. But what do i know?

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